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.

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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;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2022	30	25195	25198	15197	40113	37367	2746
BAKKEN	12-2021	26	22613	22639	15016	35224	33417	1807
BAKKEN	11-2021	30	32558	32550	22751	49275	47308	1967
BAKKEN	10-2021	31	34315	34490	71890	51738	50114	1624
BAKKEN	9-2021	12	28232	27972	17988	36174	34704	1470

• 36869, conf, CLR, LCU Truman 13-23HSL, Long Creek, first production, 12/21; t--; cum 59K 1/22;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2022	31	37792	37857	27180	73458	69929	3529
BAKKEN	12-2021	19	20630	20452	13761	40677	38603	2074
BAKKEN	11-2021	0	0	0	0	0	0	0
BAKKEN	10-2021	0	0	0	0	0	0	0
BAKKEN	9-2021	5	591	591	944	0	0	0

• 37709, Hess, EN-Johnson, Alkali Creek:
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2022	30	25195	25198	15197	40113	37367	2746
BAKKEN	12-2021	26	22613	22639	15016	35224	33417	1807
BAKKEN	11-2021	30	32558	32550	22751	49275	47308	1967
BAKKEN	10-2021	31	34315	34490	71890	51738	50114	1624
BAKKEN	9-2021	12	28232	27972	17988	36174	34704	1470

• 36869: CLR, LCU Truman, Long Creek:
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2022	31	37792	37857	27180	73458	69929	3529
BAKKEN	12-2021	19	20630	20452	13761	40677	38603	2074
BAKKEN	11-2021	0	0	0	0	0	0	0
BAKKEN	10-2021	0	0	0	0	0	0	0
BAKKEN	9-2021	5	591	591	944	0	0	0