Idle Rambling Regarding EURs In The Bakken -- October 28, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Idle Rambling Regarding EURs In The Bakken -- October 28, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Idle Rambling Regarding EURs In The Bakken -- October 28, 2018
link : Idle Rambling Regarding EURs In The Bakken -- October 28, 2018

Idle Rambling Regarding EURs In The Bakken -- October 28, 2018

Over at "wells of interest," I go through the wells by permit number: the 16xxx permits; the 17xxx permits; the 18xxx permits; etc. I don't have the statistical data, but it certainly look like ther was a huge jump in production in wells in the 21xxx series. Going through the 16xxx - 18xxx, I don't see a lot of wells approaching 400,000 bbls crude oil (cumulative/total production) but already there are many, many wells in the 21xxx series that are are approaching 500,000 bbls.

I think CLR shows it best in their "EUR" slides which they generally show in their corporate presentations. The latest presentation is at this link.

The "EUR graph" from the September, 2018, presentation:

I'll correct this if I find I'm wrong, but it appears the 21xxx permits were drilled in the 2012 time-frame. If so, look at the EUR line back in 2011 and then in 2014 in the graphic above.

I think most readers remember when we started out in the Bakken -- we were looking at EURs of 375,000.

I think a lot of folks thought Mike Filloon was nuts when he was suggesting 1 million bbls will be the next EUR milestone and that was years ago.

In the graphic above, Harold Hamm is shooting for EURs of 1.2 million boe in the Bakken. Early production in the Bakken is 94% crude oil; as time goes on, the percent of crude oil declines a bit but not by much.

Let's check the Bakken dashboard for October, 2018 (a pdf will download):

• natural gas production: 25 hundred million cubic feet/day = 420,000 boepd
• crude oil production: 1,300 thousand bopd = 1,300,000 bopd
• total = 1,716,600 boepd
• 420,000 / 1,716,600 = 0.24 or 24%. 

Let's look at the last Director's Cut, data for August, 2018: 

• Let's look at the last Director's Cut, data for August, 2018:
• • crude oil: 1,291,496 bopd (new all-time high)
  • natural gas: 406,226 boepd
  • total:1,697,721 boepd  
• 406,226 / 1,697,721 = 24%
  

Color me surprised: assuming I did the math correctly, as much as 25% of production coming from the Bakken is now natural gas. I'll have to check that again; that seems really, really high but it looks right.
 

https://ift.tt/2dZyQXu

Thus Article Idle Rambling Regarding EURs In The Bakken -- October 28, 2018

That's an article Idle Rambling Regarding EURs In The Bakken -- October 28, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Idle Rambling Regarding EURs In The Bakken -- October 28, 2018 with the link address https://mylivemyidea.blogspot.com/2018/10/idle-rambling-regarding-eurs-in-bakken.html

Tweet

Subscribe to receive free email updates: