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  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    socialjoe,

    The article is talking about production to date, not going forward from here. Not saying you are wrong about where production is going, but the article states that high-grading and mega-fracs are why production in the US has dropped only 1%. Has nothing to do with production going forward.
    Aug 10, 2015. 01:17 AM | 1 Like Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    Great stuff Craig!
    Aug 9, 2015. 11:34 PM | 1 Like Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    g8tr,

    Thanks! That's a real tough question with respect to when production curves start tracking old curves. This would depend on the geology, but the best estimate we have is about a year.
    Aug 9, 2015. 11:24 PM | 1 Like Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    Aricool,

    Great stuff! Ive been wondering much of the same thing. But one thing that I keep thinking is the affect of crumbling the shale near the wellbore as opposed to just cracking it. EOG has made a lot of comments that lead us to believe the rocks is sort of smashed. If this was done, I would wonder what that would do the pressures placed on the sand and since it is over a greater surface area, would that decrease those pressures?
    Aug 9, 2015. 07:06 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    Ecoman,

    Thanks for that, I was unsure if I should answer.
    Aug 9, 2015. 06:36 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    Craig,

    Thanks for commenting! Always great to hear from you. Could you please take a look at the question below from Aricool

    re "This well used approximately 16 million lbs of 100 mesh sand, 7 million lbs of 30/70 and 4 million 40/70. The large volumes of mesh sand are interesting. It would seem EOG is trying to push the finest sand deep into the fractures to maintain deeper shale production."
    isn't the pressure in the deeper, smaller shale rock fractures many times higher than the larger fracs? if so, then wouldn't that fine mesh sand get crushed real fast, esp., it is so much smaller? If so, then potential EURs would to be lost if those tiny fracs close before that extended volume fully drains. Seems like CRR would say the finer mesh propant should be ceramic, but they'd have to analyze the amount of extra drainage time/volume ceramic would get by not crushing.

    any thoughts on this kind of issue?

    The question is above my pay grade, thanks in advance!
    Aug 9, 2015. 06:34 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    Phaedrus,

    I would agree with that 100%. I have seen the Mega-Frac used (in varying degrees) in the Bakken, Eagle Ford, Permian, Powder River Basin, and Niobrara (but there are probably more basins, I just havnt seen it yet)
    Aug 9, 2015. 06:31 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    Aricool,

    Probably both, but more to do with the Mega-Frac. Standard completion design using 4 million pounds of proppant, 60000 bbls of fluids, 30 stage long lateral using standard choke produces somewhere between 20000 and 30000 bbls of crude over the first 30 days. So production uptick is substantial, but I think we see even better improvement over the first 12 months (even with a short lateral which should deplete faster than a 2 mile)
    Aug 9, 2015. 06:29 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    ecoman12453,

    Who was this comment directed towards?
    Aug 9, 2015. 06:26 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    estellaxtw,

    It will be interesting to see how much pain OPEC can take before there are issues. In those countries unhappy citizens don't vote out the Government, they go to the streets and start yelling for the leaders heads. Some of the countries don't have to worry for a very long time, but others have immediate issues.
    Aug 9, 2015. 05:49 PM | 1 Like Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    ecoman12453,

    Thank You!
    Aug 9, 2015. 05:45 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    rhiannion,

    Thanks, I appreciate it!
    Aug 9, 2015. 05:44 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    macombet,

    Thanks!
    Aug 9, 2015. 05:43 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    socialjoe,

    Sure it peaked, but it is hasn't declined much any many estimates had it occurring much more rapidly. Im not sure if you read the article, but it shows how operators are making up for the lower number of completions with better producing wells. If production continues to decline at this slow of a pace through year end things will get very interesting.
    Aug 9, 2015. 05:43 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    gregmcn,

    EOG may have the best of everything with respect to shale. Best acreage, best operator, best well design, best management. There is not doubt this is a difficult situation, but oil prices wont be sub $50 forever. For every downturn there is an upturn and when this occurs its a great idea to own the best names. The only question is how long it will take to turn around.
    Aug 9, 2015. 05:37 PM | Likes Like |Link to Comment
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