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Wednesday, March 16, 2022

The Frustration Of Lack Of Fracking Spreads -- March 16, 2022

CEOs and COOs must be going nuts that frack crews couldn't be found in anticipation of $120-WTI.

Wednesday, March 16, 2022: 26 for the month, 135 for the quarter, 135 for the year;

  • 38497, conf, CLR, Whitman FIU 10-34H, Oakdale, no production data,
  • 38452, conf,  Slawson, Howitzer 3-25H, Big Bend, no production data,
  • 37709, conf,  Hess, EN-Johnson A-155-94-2932H-7, Alkali Creek, first production, 9/21; t--; cum 143K 1/22;
  • 36869, conf, CLR, LCU Truman 13-23HSL, Long Creek, first production, 12/21; t--; cum 59K 1/22;

Compare initial production data with wells that were completed with wells that were not completed.

***********************************
Initial Production Data For Wells
Coming Off Confidential List
Yesterday/Today
 

At $100-WTI, Bakken wells are being paid for, at the well head, in three to five months. I'm using $70-Bakken for back-of-the-envelope calculations. 

Wells that were completed:

  • 37709, conf,  Hess, EN-Johnson A-155-94-2932H-7, Alkali Creek, first production, 9/21; t--; cum 143K 1/22;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20223025195251981519740113373672746
BAKKEN12-20212622613226391501635224334171807
BAKKEN11-20213032558325502275149275473081967
BAKKEN10-20213134315344907189051738501141624
BAKKEN9-20211228232279721798836174347041470
  • 36869, conf, CLR, LCU Truman 13-23HSL, Long Creek, first production, 12/21; t--; cum 59K 1/22;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20223137792378572718073458699293529
BAKKEN12-20211920630204521376140677386032074
BAKKEN11-20210000000
BAKKEN10-20210000000
BAKKEN9-20215591591944000

  • 37709, Hess, EN-Johnson, Alkali Creek:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20223025195251981519740113373672746
BAKKEN12-20212622613226391501635224334171807
BAKKEN11-20213032558325502275149275473081967
BAKKEN10-20213134315344907189051738501141624
BAKKEN9-20211228232279721798836174347041470

  • 36869: CLR, LCU Truman, Long Creek:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20223137792378572718073458699293529
BAKKEN12-20211920630204521376140677386032074
BAKKEN11-20210000000
BAKKEN10-20210000000
BAKKEN9-20215591591944000

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