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Title : QEP Talks About Re-Fracking, 3Q17 Earnings Transcript -- October 28, 2017
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QEP Talks About Re-Fracking, 3Q17 Earnings Transcript -- October 28, 2017

I'll get back to this when I can, but the transcript for 3Q17 QEP earnings has been posted. A reader noted this from the transcript:

Additionally, we completed and turned to sales four refractured wells on Fort Berthold.

And those four wells were completed, three of them were in the Middle Bakken and one was in the first bench of the Three Forks.

All four of the refractured wells were originally stimulated to what we would call a Gen-1 type completion and that’s a 31 to 34 stages, they were all sliding sleeve completions originally and they had an average proppant concentration of a little over 300 pounds per lateral foot.

Just as we do on our successful refrac program in the Haynesville, we ran and cemented a string of casing inside the existing sliding sleeve casing string. Then we did a traditional plug and perf restimulation over 30 to 31 stages with an average proppant concentration of approximately 1,000 pounds per lateral foot.

Prior to the restimulating these wells, the four of them were averaging about a 112 barrels of oil equivalent per day per well. The average peak 30-day uplift from the four refractured wells were 627 barrels of oil equivalent per-day per well, that’s about 81% oil, over the pre-refrac production levels.

Likely candidates, all in Heart Butte (there may be other candidates) (I will fill in the rest of the data later):

• 20964,
• 20965,
• 23093,
• 23097, 2,512, QEP, MHA 2-06-31H-150-92, Heart Butte, t9/13; cum 364K 8/17; (see production profile below); according to FracFocus (API 33-025-01754), fracked in 2013; and re-fracked 6/18/17 - 6/29/2017;
• 24209,

For newbies, this gets us back into an interesting discussion regarding re-fracking. There are several questions:

• how does re-fracking change thinking about EURs?
• how many times can a well be re-fracked?
• what does re-fracking "mean" for primary production?
• how does re-fracking affect all this talk about "Tier 1" drilling locations? (which I think is hopeful thinking by the Saudis)

Something tells me Harold Hamm would have a lot to say about all this.

These re-fracks are not one-hit wonders. LOL.

Popsicles, Icicles, The Murmaids

************************************

Production Profile for #23097

Monthly Production Data:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2017	31	20709	20755	9192	19800	7558	12201
BAKKEN	7-2017	13	5761	5648	9788	5077	2683	2258
BAKKEN	6-2017	0	0	53	0	0	0	0
BAKKEN	5-2017	18	2298	2371	522	2663	0	2405
BAKKEN	4-2017	30	3864	3948	879	4331	2670	1253
BAKKEN	3-2017	31	3943	3810	793	3993	3463	83
BAKKEN	2-2017	26	3101	3031	900	3098	2709	43
BAKKEN	1-2017	26	3562	3645	874	3674	2989	334
BAKKEN	12-2016	29	3990	4040	940	4082	3283	411
BAKKEN	11-2016	30	4113	4052	911	4706	3774	524
BAKKEN	10-2016	31	4404	4444	981	4825	3721	683
BAKKEN	9-2016	30	4200	4175	925	4694	4286	0
BAKKEN	8-2016	31	4571	4574	886	4979	4558	0
BAKKEN	7-2016	31	4416	4389	868	4452	3899	132
BAKKEN	6-2016	30	4271	4374	856	4224	3664	158
BAKKEN	5-2016	31	4821	4760	861	4463	4009	33
BAKKEN	4-2016	30	4705	4751	902	4235	3439	429
BAKKEN	3-2016	31	4945	4958	101	4483	3788	116
BAKKEN	2-2016	29	4964	4970	209	4237	3556	86
BAKKEN	1-2016	31	5660	5510	1085	4077	2605	811
BAKKEN	12-2015	31	2760	2840	1188	3143	2473	0
BAKKEN	11-2015	30	4590	4304	1911	3636	3042	0
BAKKEN	10-2015	31	4740	4867	2046	3779	3161	0
BAKKEN	9-2015	30	4963	4882	2419	4505	3462	413
BAKKEN	8-2015	31	5293	5419	2570	4430	3774	15
BAKKEN	7-2015	31	5051	5026	2926	4255	3664	0
BAKKEN	6-2015	30	5284	5339	3050	4309	3732	0
BAKKEN	5-2015	31	5404	5322	3077	4560	3956	0
BAKKEN	4-2015	30	5023	5210	3152	4574	3920	77
BAKKEN	3-2015	31	6061	6051	2286	4699	2665	1427
BAKKEN	2-2015	28	6589	6382	2728	3727	3017	124
BAKKEN	1-2015	31	6478	6374	3337	5799	5125	0
BAKKEN	12-2014	27	5325	5436	2472	4424	3872	0
BAKKEN	11-2014	30	6422	6328	4449	4926	4373	0
BAKKEN	10-2014	31	6838	7015	3881	5729	5396	0
BAKKEN	9-2014	30	6881	6823	3589	5946	4441	886
BAKKEN	8-2014	31	6828	6814	4347	6535	4741	1053
BAKKEN	7-2014	31	6169	6151	3320	5625	4393	436
BAKKEN	6-2014	30	6629	6722	4638	6376	3041	2767
BAKKEN	5-2014	31	9970	10238	4053	9636	4731	4103
BAKKEN	4-2014	30	11300	10993	5711	10135	6473	3254
BAKKEN	3-2014	31	11097	11241	3978	9895	4107	5371
BAKKEN	2-2014	28	14676	14726	4482	11432	4466	6596
BAKKEN	1-2014	31	19474	19435	6630	14899	3573	10914
BAKKEN	12-2013	29	18044	18387	6639	14262	971	12913
BAKKEN	11-2013	28	32126	31676	12308	25587	11453	13763
BAKKEN	10-2013	30	24508	24631	12179	10975	6496	4085
BAKKEN	9-2013	24	17149	16701	17676	10576	2376	7958

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