$8 Million In One Year For An Old Bakken Well -- BR Merton -- October 21, 0218; The Dreaded Bakken Decline Rate

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Title : $8 Million In One Year For An Old Bakken Well -- BR Merton -- October 21, 0218; The Dreaded Bakken Decline Rate
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$8 Million In One Year For An Old Bakken Well -- BR Merton -- October 21, 0218; The Dreaded Bakken Decline Rate

Neither NDIC nor FracFocus has data to suggest this well was re-fracked:
  • 17471, 793, BR, Merton 1-3H, North Fork, t4/09; cum 460K 8/18; look at production jump that begain in 8/16, but note the huge production in 4/17 --
BAKKEN 7-2017 30 14488 14307 2055 17533 17461 0
BAKKEN 6-2017 30 17683 17545 3203 24372 24298 0
BAKKEN 5-2017 31 18681 18871 4745 25391 25314 0
BAKKEN 4-2017 30 20653 20495 5775 29028 28954 0
BAKKEN 3-2017 31 18489 18798 5004 25614 25537 0
BAKKEN 2-2017 28 18978 18572 5026 25288 25218 0
BAKKEN 1-2017 30 14007 14279 4472 19425 19352 0
BAKKEN 12-2016 28 10688 10526 4128 11625 11555 0
BAKKEN 11-2016 16 9260 9348 3349 13085 13045 0
BAKKEN 10-2016 18 7527 7402 2085 9306 9263 0
BAKKEN 9-2016 29 13522 13593 3454 18355 18283 0
BAKKEN 8-2016 21 10333 10192 3016 11993 11945 0
BAKKEN 7-2016 0 0 0 0 0 0 0
BAKKEN 6-2016 0 0 0 0 0 0 0
BAKKEN 5-2016 0 0 0 0 0 0 0
BAKKEN 4-2016 24 1274 1388 1169 2454 2394 0
BAKKEN 3-2016 31 1814 2138 1527 3404 3327 0
BAKKEN 2-2016 29 1734 1422 1421 3175 3103 0
BAKKEN 1-2016 31 1982 1915 1548 3178 3101 0
BAKKEN 12-2015 31 1758 1881 1368 2430 2345 8
BAKKEN 11-2015 30 1793 1914 1429 2206 2131 0
BAKKEN 10-2015 31 1970 1863 1572 2769 2692 0
BAKKEN 9-2015 30 1983 1826 1616 1935 1860 0
BAKKEN 8-2015 31 2054 2226 1607 1714 1636 0


The graphic:



Note the two wells running opposite direction of #17499 (the well noted above).

Both those wells were fracked at the very same time the production of #17499 jumped significantly, in 8/16:
  • 25199, 2,928, BR, Merton 21-15MBH 2NH, North Fork, t8/16; cum 379K 8/18;
  • 25201, 3,360, BR, Merton 21-15TFH 3NH, North Fork, t8/16; cum 395K 8/18; 
Now, of the two wells running north, what well was closed to the index well, #17471, a middle Bakken well?

The answer: #25201, a Three Forks well.

In the year after the frack of the neighboring wells, the index well produced 174,309 bbls, well above the 20,000 bbls it produced in the previous 12 months.

174,309 - 20,000 = 172309 bbls x $50 = $8.6 million over 12 months for a well that appears not to have been re-fracked. (It is possible the well was re-fracked; I just don't see the data that would "prove" it.)


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