tag:blogger.com,1999:blog-1149283829854298377.post4299084953896427892..comments2024-03-29T08:13:26.665-05:00Comments on The Million Dollar Way (The Bakken Oil Blog): Top Stories Of The Week -- Week 49 -- The Narrative -- December 7, 2019Bruce Oksolhttp://www.blogger.com/profile/10952652803684625738noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1149283829854298377.post-22503425366994787662019-12-07T16:22:15.304-06:002019-12-07T16:22:15.304-06:00Thank you, much appreciated. This will be a great ...Thank you, much appreciated. This will be a great metric to track going forward. Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-26557891062317428222019-12-07T14:03:26.351-06:002019-12-07T14:03:26.351-06:00Hi Bruce. Your comment provoked me to some analys...Hi Bruce. Your comment provoked me to some analysis. FYI, only about 2.5% of Bakken hz wells have accumulated over 500,000 BO.<br /><br />Here is some analysis of well cum distribution:<br /><br />Category PERCENT<br />TOTAL 14,306 100%<br />grt1.5 2 0.01%<br />grt1.0 8 0.1%<br />grt0.9 13 0.1%<br />grt0.8 29 0.2%<br />grt0.7 70 0.5%<br />grt0.6 151 1.1%<br />grt0.5 355 2.5%<br />grt0.4 980 6.9%<br />grt0.3 2,795 19.5%<br />grt0.2 7,011 49.0%<br />grt0.1 12,493 87.3%<br />lt0.1 1,813 12.7%<br /><br />Note: This is based on shaleprofile.com data, as of SEP19 NDIC report. It is restricted to include only ND wells, only hz wells, only those from 2005 or later, and only those designated as Middle Bakken or Three Forks (i.e. Red River not included). <br /><br />The median well (that which has half the wells greater or lower than it) has 197,488.5 cum. It is halfway between well rank number 7,153 and 7,154. (An interpolation between 197,487 and 197,490 in cums.<br /><br />The average (mean) well is harder to calculate on shaleprofile.com (at least I can't headscratch how to do it), but we can tell it will be higher than the mean, since the distribution is skewed. (Big wells drive the mean higher than the median.)Anonymousnoreply@blogger.com