For Newbies -- August 20, 2017

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For Newbies -- August 20, 2017

There are now enough wells drilled throughout the Bakken that one can do this:
  • find a recently fracked Bakken well that has a huge initial production
  • go to the NDIC map and find a horizontal well parallel to the recently fracked Bakken well
  • check FracFocus to see if the older Bakken well was re-fracked
So, let's do that.

These two wells were recently fracked by Oasis and will come off the confidential list this week:

32241, see below, Oasis, Forland 5198 41-33 3B, Siverston:

Date Oil Runs MCF Sold
6-2017 28584 49766
5-2017 33877 87928
4-2017 44180 83282
3-2017 42023 85555
2-2017 7306 11303

32242, see below, Oasis, Forland 5198 41-33 4T, Siverston:

Date Oil Runs MCF Sold
6-2017 26749 43014
5-2017 35839 87549
4-2017 42072 123402
3-2017 30564 66825
2-2017 2118 5692

Let's check a nearby Bakken well that was fracked some time ago. In this case,
  • 21657, 1,844, Oasis, Forland 28-33H, Siverston, t3/12; cum 332K 6/17
There is no report at FracFocus to suggest this well was ever fracked after the original frack in 2012. So what was the production profile for this well over the past 12 months?

Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare
BAKKEN 6-2017 30 20037 19893 21285 47223 46923 0
BAKKEN 5-2017 31 22370 22625 31072 46142 45832 0
BAKKEN 4-2017 30 16423 15355 36574 22371 22071 0
BAKKEN 3-2017 0 0 0 0 0 0 0
BAKKEN 2-2017 0 0 0 0 0 0 0
BAKKEN 1-2017 0 0 0 0 0 0 0
BAKKEN 12-2016 1 0 0 0 10 0 0
BAKKEN 11-2016 5 95 414 140 294 274 0
BAKKEN 10-2016 29 2359 2297 939 5542 5329 213
BAKKEN 9-2016 27 1909 2023 1155 4802 4532 0
BAKKEN 8-2016 31 2284 2198 1060 7758 7448 0
BAKKEN 7-2016 31 2301 2439 885 6488 6178 0
BAKKEN 6-2016 30 2371 2469 1035 6369 6069 0



In this case, this well was producing about 2,000 bbls / month; it was taken off-line for five to six months, and then brought back on line, and produced about 22,000 bbls in one month -- equal to what this well would have produced in one year. 

Just one of the peculiarities of the Bakken, I guess. Take a Bakken well off-line for a couple of months, in this case five or six months, and watch production jump 10-fold. Rinse. Repeat.


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