Sunday, March 8, 2020

16909 -- Advantaged Oil In Bailey Oil Field -- March 8, 2020

Several MRO wells in Bailey oil field are coming off the confidential list this week. See this post. Because of the location of the wells and the fact that the wells are still confidential, I was not sure sure which way the horizontals would run. I can pretty much guess based on the names of the wells. But there's an even easier way to confirm which way these new horizontals will run.

Of all fields, and all operators, MRO and the Bailey oil field is absolutely the poster child for "advantaged" oil -- many, not all, huge examples of the halo effect.

Take a look at the production profile of this MRO Bailey oil field well that was drilled/completed in 2008.

The well:
  • 16909, 260, MRO, Lily Reiss 41-14H, Bailey, t2/08; cum 231K 1/20;
When you look at the production profile:
  • note the production from the last five months (20,000 bbls/month)
  • compare that production with production just before it came off line (500 bbls/month)
  • the best production this well had after it was fracked back in 2008: 5,000 bbls/month and it quickly declined to 1,000 bbls/month)
  • bottom line: this has been a lousy well, but with the completion of four neighboring wells, this well has a new "lease on life," as they say;
  • the production numbers are so incredible, I assume it was re-fracked; let's check:
    • API: 33-025-00688
    • it sure was; it was fracked in early August, 2019; 
    • 45 stages, 5.5 million pounds; plug and perf 
    • so the halo effect is not the direct result of neighboring fracks, but an indirect effect of being re-fracked at the time new, neighboring wells were fracked
    • this is a great example of "advantaged" oil rather than "halo effect" per se;
  • but there's even more to the story: back in 2017, another well in that same section was re-fracked and had similar results, #17817, Kempf Trust, and is now approaching 500K bbls of crude oil, cumulative; again, "advantaged" oil, not any "halo effect."
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2020311689117002162331399181794346
BAKKEN12-2019311905619026191281481766916534
BAKKEN11-2019302297722963268141759280017750
BAKKEN10-20192722070219992953013830305910440
BAKKEN9-20192523673237475099217313016964
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20190000000
BAKKEN4-20190000000
BAKKEN3-20190000000
BAKKEN2-2019284424011253789178
BAKKEN1-2019315035157143242174
BAKKEN12-2018314845047943942182
BAKKEN11-201830547468794330220
BAKKEN10-2018315317137945052180
BAKKEN9-2018305173917943449174
BAKKEN8-2018305444898345139199
BAKKEN7-2018315575888346112229
BAKKEN6-2018305475419145519223
BAKKEN5-201831568608864663243
BAKKEN4-201830560517944780240
BAKKEN3-201831596565975030255
BAKKEN2-201828579586954760248
BAKKEN1-2018277157221285390307
BAKKEN12-2017265765281034590248
BAKKEN11-20173063968910451911262
BAKKEN10-201730683691100546103192
BAKKEN9-20172367767435951667243
BAKKEN8-20172774073912455524294
BAKKEN7-201713712639152495240105
BAKKEN6-201718846798459579273114
BAKKEN5-20170000000
BAKKEN4-20170000000
BAKKEN3-20170000000
BAKKEN2-20170000000
BAKKEN1-20170000000
BAKKEN12-201600400000
BAKKEN11-20160000000
BAKKEN10-201627466504763631611
BAKKEN9-2016305605909340611156
BAKKEN8-201631526545904522100
BAKKEN7-201631674641994912312
BAKKEN6-201630630641965012531
BAKKEN5-20163163865310950619161
BAKKEN4-201630125012286483149819
BAKKEN3-2016314104137843813573
BAKKEN2-20162919618147206110
BAKKEN1-2016311711493420840
BAKKEN12-2015311271167820550
BAKKEN11-2015301521943620691
BAKKEN10-20153123239426238270
BAKKEN9-20153028622155235213
BAKKEN8-201531193232573121005
BAKKEN7-201531799682814005771
BAKKEN6-201530552626813534110
BAKKEN5-201531572617973765475
BAKKEN4-2015305665867737128102
BAKKEN3-201531594434853788120
BAKKEN2-201528542471833708757
BAKKEN1-2015316219208445514756
BAKKEN12-20143162742890541136152
BAKKEN11-201430602685125516107165
BAKKEN10-2014316064568453224338
BAKKEN9-2014305916699251922254
BAKKEN8-2014316106919052639236
BAKKEN7-2014316254559053067210
BAKKEN6-201430609669126539177121
BAKKEN5-2014316287059855727534
BAKKEN4-20143063868190535155132
BAKKEN3-20143168469911257423877
BAKKEN2-201424556473158462145114
BAKKEN1-2014316806979458530719
BAKKEN12-2013316767068846218294
BAKKEN11-2013306584649943417084
BAKKEN10-2013316956969541717853
BAKKEN9-2013306716969950228339
BAKKEN8-20133169969410353331631
BAKKEN7-20133170969811053230838
BAKKEN6-20132969769010143019278
BAKKEN5-20133174591414958233363
BAKKEN4-20133075969814550428638
BAKKEN3-201331839934165463174103
BAKKEN2-20132884269716545324936
BAKKEN1-20131757547924338623945
BAKKEN12-2012265166927032414133
BAKKEN11-20123074266517849528827
BAKKEN10-20123169862514042520138
BAKKEN9-20122963367114543120257
BAKKEN8-20123176688713255633238
BAKKEN7-20123178867916857633159
BAKKEN6-20123076689618859736057
BAKKEN5-20123181168916858235145
BAKKEN4-201230804895165548245123
BAKKEN3-20123185481914058135243
BAKKEN2-20122979593412753527091
BAKKEN1-20123184670610254333522
BAKKEN12-20113188192010756834240
BAKKEN11-20113081790216257234448
BAKKEN10-20113186569122263739853
BAKKEN9-20113085094616563038763
BAKKEN8-20113188390215769446247
BAKKEN7-20113190790518266944142
BAKKEN6-20113088091116563439262
BAKKEN5-20113095289616862440347
BAKKEN4-20112988990514358831996
BAKKEN3-20113196192312768043163
BAKKEN2-20112888992515061941635
BAKKEN1-20113110129221425643790
BAKKEN12-201031102811621426804940
BAKKEN11-20103010329351577135330
BAKKEN10-201031102411302377095230
BAKKEN9-20103010659282127125320
BAKKEN8-201031113811522077225360
BAKKEN7-201031128713852577465600
BAKKEN6-2010238768932294443140
BAKKEN5-201031114512822277275500
BAKKEN4-201030117011252157475670
BAKKEN3-201031128011612367755890
BAKKEN2-201028128814702316604920
BAKKEN1-20102611249611876755280
BAKKEN12-200930128714071586496490
BAKKEN11-200930131511642076806800
BAKKEN10-200931139114162126626620
BAKKEN9-200930138013921957117110
BAKKEN8-200931148415922237737730
BAKKEN7-200931155615862307247240
BAKKEN6-200930153915882256156150
BAKKEN5-200931164716022576696690
BAKKEN4-200930163618112537407400
BAKKEN3-200931181214022557327320
BAKKEN2-200928175618952387217210
BAKKEN1-200931201518542839439430
BAKKEN12-200830217023453236006000
BAKKEN11-20083022992368382111111110
BAKKEN10-20083125852514458133013300
BAKKEN9-20083028222956465123412340
BAKKEN8-20083131722956550129712970
BAKKEN7-20083133153292785128212820
BAKKEN6-20083035693801809139813980
BAKKEN5-200815174016156285775770
BAKKEN4-20082830713155811127912790
BAKKEN3-20083136903661925130113010
BAKKEN2-2008274948493413013973970
BAKKEN1-2008616491245993000

No comments:

Post a Comment