Bruce provided this today which updates production since 2010 for Bakken wells, its very helpful to have this range characterized and as usual we say Thanks Bruce!
Random Look At Some Production From Wells Drilled In 2010, Later
Back on December 2, 2013, I looked at the status of ALL the oil and gas permits that were reported in calendar year 2010.
That look-back provided only the IPs if the wells were drilled and producing.
I've been looking at the total production to date of each of these wells. It will take me awhile to get through them all, but the following data is about half the wells. Most of these wells were permitted in 2010 and drilled in 2010, but some were drilled/completed in 2011, and some even as recently as 2012.
The permits for ALL of 2010: #18571 - #20246.
These wells are permits #18571 through #19370: 800 permits/wells.
Of those 800 wells, I have tried to remove all the non-Bakken wells; that leaves 713 wells.
Of these 713:
- 55: PNC
- 8: confidential
- 5: Expired permits
- 3: Dry
- 3: location only
- 1: inactive
- 1: drl
That leaves 637 Bakken wells with production and still active.
Production per well ranged from a low of 19,000 bbls (to date) to 444,000 bbls.
Remember: these are wells that were for the most part drilled and completed in 2010. None are older than 2010. Some, very few, were drilled/completed in 2012.
Total production by well:
- 50,000 bbls or less: 30 wells
- 51,000 bbls to 99,000 bbls: 137 wells
- 100,000 bbls to 149,000 bbls: 190 wells
- 150,000 bbls to 199,000 bbls: 151 wells
- 200,000 bbls to 249,000 bbls: 65 wells
- 250,000 bbls to 299,000 bbls: 30 wells
- 300,000 bbls to 349,000 bbls: 20 wells
- 350,000 bbls to 399,000 bbls: 7 wells
- Greater than 400,000 bbls to date: 7 wells
This is extremely unscientific. It also gives me an opportunity to see if I am missing any monster wells. It also gives me an idea what these wells are doing on the front end. Again, these wells, for the most part, were drilled/completed in 2010. No well is more than 4 years old.
In the old days, one might assume a well that had produced 100,000 bbls "had paid for itself at the wellhead." Maybe that number is now closer to 150,000 or maybe more; some wells have gotten very expensive.
But the data is what it is. It gives me an idea of what's going on. Again, a very, very unscientific look.
Most of the non-Bakken wells were Madison wells; some Red River wells.
Posted by Bruce Oksol - oksol@yahoo.com at 12:02 PM |
