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Michael Filloon  

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  • Bakken Update: Emerald Completes 90 Stage Frac In Stark County [View article]
    Pablomike,

    No problem, I don't mind the questions, I am probably not doing the best job of describing the situation. You are well versed in the subject matter, but the way I wrote that probably wasn't the best. In EOG's case, they do fracture shale about as good as anyone, and should because they have the most practice. In EOX's case, the source rock is different so the amounts of sand may be as well. Since this is a test run of the 90 stage frac, and I haven't ever seen them do a high intensity sand heavy frac like EOG, so they probably decided to do a straight slickwater with the 90 stage. I would guess it fractured the shale much better than their standard designs but since they are just testing it (especially in Stark County, which I don't believe anyone has done yet but correct me if I am wrong) they were probably somewhat conservative in the amounts of proppant used. I don't think they wanted to try more sand but probably didn't want to waste it (if it doesn't end up in the fractures, it will come up anyways). EOG sends all of that sand downhole because they know the source rock can accept it by experience. Their design is more of a science at this point where EOX is still testing how it would like to do things. Hope this helps. http://bit.ly/1si3hbl
    Jul 1, 2015. 09:30 AM | 1 Like Like |Link to Comment
  • Bakken Update: Emerald Completes 90 Stage Frac In Stark County [View article]
    Fosslfuel,

    As usual you hit the nail on the head. Tough environment, and wish they had some core acreage to hide out in until oil prices improve.
    Jun 30, 2015. 05:59 PM | Likes Like |Link to Comment
  • Bakken Update: Emerald Completes 90 Stage Frac In Stark County [View article]
    Cut2theChase,

    Thank you. Glad things worked out for you!
    Jun 30, 2015. 03:11 PM | Likes Like |Link to Comment
  • Bakken Update: EOG Well Pad Produces Revenue Over $200 Million In 2.5 Years [View article]
    Hi Gregg,

    Always great to hear from you buddy. Could be a tough road in the short term, but US oil and gas isn't a bad place to be long term. Just have to wait and see how it goes when refinery maintenance starts. Thanks and have a good one!
    Jun 30, 2015. 02:08 PM | 1 Like Like |Link to Comment
  • Bakken Update: EOG Well Pad Produces Revenue Over $200 Million In 2.5 Years [View article]
    PaLandowner,

    From what I know of EOG and many other operators, they are pretty tight lipped about technologies of completion designs. I don't think EOG would want to share this even if it meant a new revenue stream. At least we think this is the case right now. This would garner additional dollars for EOG, but I would guess they wouldn't be real excited about sharing its current well design.
    Jun 30, 2015. 02:00 PM | 1 Like Like |Link to Comment
  • Bakken Update: EOG Well Pad Produces Revenue Over $200 Million In 2.5 Years [View article]
    Esekla,

    This specific design has worked in many areas. This includes the Bakken, Permian, Eagle Ford, and Powder River Basin. But as you said, that design does need to be tweaked some depending area and corresponding geologies.
    Jun 30, 2015. 01:57 PM | 2 Likes Like |Link to Comment
  • Bakken Update: Emerald Completes 90 Stage Frac In Stark County [View article]
    Pablomike,

    Excellent question. More fluids and proppant are only required if there were enough fractures created in the shale to fill with the sand/ceramic proppant. It is possible that Emerald hasnt figured out how to fracture the shale as well, or that the volumes of fluids and proppant were inadequate. If it is the latter, there could be significant upside to the well result.
    http://tinyurl.com/qee...
    Jun 30, 2015. 12:11 PM | 2 Likes Like |Link to Comment
  • Bakken Update: EOG Well Pad Produces Revenue Over $200 Million In 2.5 Years [View article]
    Thanks for commenting Jeep. The short term does look a little grim on the pricing front, but the market needs to rebalance and until it does we will continue to see a lot of unwanted volatility. The nice thing about the production from the sand heavy fracs is the ability to develop acreage outside the core and still see decent economics. At the rate we are increasing production per square foot, it will be tough to knock down US production much. Although we could see it some next year, its difficult to assess and production decreases going into next year. http://tinyurl.com/qee...
    Jun 30, 2015. 12:08 PM | 1 Like Like |Link to Comment
  • Bakken Update: Emerald Completes 90 Stage Frac In Stark County [View article]
    TheValueMan,

    I couldnt agree more, thanks for sharing.
    Jun 30, 2015. 10:53 AM | Likes Like |Link to Comment
  • Bakken Update: EOG Well Pad Produces Revenue Over $200 Million In 2.5 Years [View article]
    Bison73,

    They could, which would improve costs quite a bit. EOG has done some 14000 to 15000 foot laterals already, but there are some issues involved in stretching a lateral out over that distance. The longer the lateral, the further the toe is from the pump trucks on the pad. I would guess this does tend to decrease the hydraulic horsepower, but also makes it a little more difficult to maintain control over the completion further out into the toe of the well. When we first saw operators move from one to two mile laterals there were some definate issues with doing the work further out and I would guess some of this is also present today as they try to lengthen laterals even further. Just off the top of my head, I believe QEP and WPX have both done laterals over three sections and from the data I pulled, those wells seemed to produce very well. The issue we have in projecting out those wells, is we dont have access to how well the shale was fractured throughout the lateral. Hope this helps! Go Bison!
    Jun 30, 2015. 09:45 AM | 3 Likes Like |Link to Comment
  • Bakken Update: EOG Well Pad Produces Revenue Over $200 Million In 2.5 Years [View article]
    Thanks TimeOnTarget,

    I appreciate it, but whether Jon Snow is really dead or his soul lives on in Ghost may be a more important question. Have a great day buddy!
    Jun 30, 2015. 09:25 AM | 1 Like Like |Link to Comment
  • Bakken Update: Final QEP Wells In Grail Field Pay Back In Less Than 6 Months [View article]
    longplayer,

    Thanks for commenting!
    Jun 23, 2015. 05:21 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Bison73,

    Im trying not to jinx them, but we will be cheering them on every weekend. One heckuva run!
    Jun 17, 2015. 10:46 AM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    sluicer,
    Getting acreage held by production is going to be a big concern for many operators going into next year, and I would guess they will still be able to get the best areas drilled and completed. The big problem is acreage in Divide, Burke, Billings, southern McKenzie, northern Williams and anything west of Williston including most of Montana. Operators will have to let large portions of this acreage go (depending on operator). Then we have the pending issues with operators that may go out of business and that additional acreage hitting the market.
    Jun 17, 2015. 10:40 AM | 1 Like Like |Link to Comment
  • Bakken Update: Final QEP Wells In Grail Field Pay Back In Less Than 6 Months [View article]
    Thanks Nick!
    Jun 16, 2015. 06:16 PM | Likes Like |Link to Comment
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