This Is What The Bakken Is All About -- I Love This -- It Just Never Quits -- March 4, 2018

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Title : This Is What The Bakken Is All About -- I Love This -- It Just Never Quits -- March 4, 2018
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This Is What The Bakken Is All About -- I Love This -- It Just Never Quits -- March 4, 2018

This is going to be interesting. Five QEP Otis wells come off the confidential list this week; some of them are going to be great wells:
  • 33480, conf, QEP, Otis 6-28-33BHD, Grail, a huge well; 46K in first full month;  
  • 33478, conf, QEP, Otis 5-28-33BHD, Grail, a huge well; 45K in first full month;  
  • 33477, conf, QEP, Otis 1-28-33T2HD, Grail, a nice well; 23 K in best month so far; 
  • 33476, conf, QEP, Otis 28-33-32-29BHD, Grail, a nice well, but not great for the Grail; 30K in first full month; 
  • 33479, conf, QEP, Otis 2-28-33T2HD, Grail, a very nice well; 27K in first full month; 
The question, naturally, is how did the older producing Otis wells do (and were any of them re-fracked)? The older Otis wells in question (note: only four years old and they have produced an average of 370K bbls of oil and they are going to be producing for 30+ years with multiple re-works; re-fracks; and have multiple owners over those 30 years providing jobs for many, many hard-working folks in austere and harsh conditions):
  • 27702, 1,562, QEP, Otis 28-29-32-33LL, Grail, API - 33-053-05694; t7/14; cum 331K 1/18;
  • 26850, 1,861, QEP, Otis 4-28-33BHR, Grail, API - 33-053--05424; t7/14; cum 410K 1/18;
  • 26848, 1,530, QEP, Otis 3-28-33TH, Grail, API - 33-053-05422; t7/14; cum 333K 1/18; 
  • 26847, 1,855, QEP, Otis 3-28-33BH, Grail, API - 33-053-05421; t7/14; cum 405K 1/18; 
Here are the results of those four wells:

27702: steady production; never taken off-line; no jump in production;

26847:
Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare
BAKKEN 1-2018 31 9801 9789 3932 0 0 0
BAKKEN 12-2017 31 11965 11986 5024 30107 25875 3775
BAKKEN 11-2017 30 17000 16950 8824 36551 33255 2789
BAKKEN 10-2017 14 9525 9511 6163 15286 12134 2866
BAKKEN 9-2017 2 31 309 13 136 31 14
BAKKEN 8-2017 10 1550 1458 563 589 403 0
BAKKEN 7-2017 31 4330 4427 899 6812 5964 107
BAKKEN 6-2017 25 4250 4086 920 11233 10494 0
BAKKEN 5-2017 27 4379 4376 713 7493 6521 264

26850:
Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare
BAKKEN 1-2018 31 7831 7819 6448 0 0 0
BAKKEN 12-2017 31 9198 9213 4771 23502 20139 2938
BAKKEN 11-2017 30 12905 12901 7510 28743 26109 2189
BAKKEN 10-2017 23 13316 13275 11415 21174 16674 3937
BAKKEN 9-2017 1 13 251 6 140 15 7
BAKKEN 8-2017 10 1323 1248 422 619 424 0
BAKKEN 7-2017 31 3784 3851 845 6698 5878 106
BAKKEN 6-2017 26 3472 3351 1003 10343 9606 0

26848:
Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare
BAKKEN 1-2018 31 4026 4028 5847 0 0 0
BAKKEN 12-2017 31 5948 5955 7310 10323 8718 1272
BAKKEN 11-2017 30 7885 7844 9212 12385 11120 933
BAKKEN 10-2017 7 1182 1206 1928 1644 1233 291
BAKKEN 9-2017 3 24 226 17 209 30 13
BAKKEN 8-2017 10 1131 1077 382 574 374 0
BAKKEN 7-2017 31 3451 3510 896 5625 4781 86
BAKKEN 6-2017 26 3140 3006 921 9095 8393 0
BAKKEN 5-2017 27 2894 2883 889 5610 4759 193
BAKKEN 4-2017 24 2818 2839 638 5178 4481 61

More later, perhaps.
 
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If You Can't Give Me Love, Suzi Quatro
 




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