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Title : MRO Re-Fracking Program In The Bailey Oil Field -- February 3, 2019
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MRO Re-Fracking Program In The Bailey Oil Field -- February 3, 2019

Interesting, interesting things going on with MRO in the Bailey oil field.

I've just updated all the Bailey oil field wells through 2015. Absolutely amazing.

For newbies:

• MRO has a huge re-frack program going on in the Bailey oil field. It's been going on for quite some time
• Bailey oil field and MRO: some great wells but the real story is the re-fracks
• to drill/complete a well on a new pad, greenfield, in the Bakken: in excess of $10 million 
• to drill/complete a new well on an existing pad, in the Bakken: $6 million, maybe more
• to re-frack an old well: $4 million, maybe less;
• MRO often uses mediocre amount of proppant in a re-frack;
• re-fracking a new well in the Bakken: 90%+ chance that it will successful;
• re-fracking: pretty much a new well;
• re-fracking: impact on neighboring wells varies from field to field

Look at this. In Bailey oil field, these great wells are now off-line:

• 30550. 
• 29384.
• 29383.  
• 29382.
• 29381.
• 28704.
• 28459.
• 28360.
• 28358.
• 28111.
• 25114. 
• 24973.
• 24075. 
• 23980.
• 22658.
• 22451.
• 22333. See this post.

In the ten years blogging about the Bakken, I have never seen this before. I'm sure it's happened before and perhaps it happened earlier in the Bailey but for me it's a new phenomenon. 

http://bit.ly/2dZyQXu

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