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Michael Filloon  

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  • Bakken Update: Bakken Operators May Get $1 Billion Tax Break [View article]
    Cool. Thanks!
    May 6, 2015. 03:50 PM | Likes Like |Link to Comment
  • Bakken Update: Bakken Operators May Get $1 Billion Tax Break [View article]
    MACBLABBER,

    I am so happy you brought this up, now I get what you are saying. You must have some pretty good acreage where you are at. What was the well number, if I may ask? Its OK if you do not want to share, but I would love to take a look at it. This is very important, as I believe your well is one of EOG's very intensive fracs. We all know they do a great job on an average well, but they have been experimenting with much tighter stages and fraccing tight around the well bore. The reason the depletion is much less in your specific well has to do with how much oil they are able to extract from a very small space. There is so much resource in these wells making it out of the well that depletion is minimal and it is more of an issue with getting the resource out than choking it back. Im happy for you, and hope they continue to do this type of frac on your land.
    May 6, 2015. 03:20 PM | Likes Like |Link to Comment
  • Bakken Update: Bakken Operators May Get $1 Billion Tax Break [View article]
    MACBLABBER,

    Its looking like this will be real good for the state, too which is good. I haven't checked the chokes on all of them, but looked at quite a few and it doesn't look like they changed that part of the well design. They did say (and you may have read this), that they will not increase completion work until they see a stable oil price of $65/bbl. Whether they stick to this or not its tough to say, but PXD recently said they would be adding rigs next month in the Permian so we will have to take production on a case by case scenario.
    May 5, 2015. 04:54 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Aricool,

    All excellent points. Some of these names have had a real nice run as oil has headed higher, and there are a lot of analysts who think there could be some short term pain. The biggest issue is probably storage in the Fall when refiners start maintenance again. Might be one of the bigger reasons that Einhorn put his shorts in when he did. If we have oil storage problems with fraccers ramping up production at $60/bbl oil, we could see another opportunity to get into some of these names. The PXD is a little more of a head scratcher, since the acreage they are sitting on has so many more intervals that could produce and add to reserves longer term.
    May 5, 2015. 01:01 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Hey g8tr,

    I do not know it has been used in any re-fracs, but it is possible.
    Apr 27, 2015. 11:37 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Aricool,

    I think the realized oil price reset is probably very good for completions technologies, and the lower prices of oil services (frac sand) allows operators to focus on some of these designs that fracture the source rock better. Have a great night!
    Apr 27, 2015. 11:37 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Aricool,

    Thanks, Very good points. There isn't really enough data to prove consistency of area nor is there enough data to prove specific well sites will be good. So right now we are still waiting for data that would prove if there is certainty in the process in general. Plus we have all sorts of variables to watch like well design, and more importantly how many stages actually produced. So if we had one well drilled in 2009, 2010, 2011, 2012, 2013, and three in 2014 we would get a wide variance in how those re-fracs would produce because all of those locations were developed differently. It is likely the wells drilled earlier would be better, but it is difficult to know for sure. Because of this, It could be difficult to zipper frac sites unless the section had several older locations on it. Always appreciate your viewpoints Aricool, hope things are well with you!

    Filloon
    Apr 27, 2015. 03:44 PM | 3 Likes Like |Link to Comment
  • Bakken Update: Bakken Operators May Get $1 Billion Tax Break [View article]
    MACBLABBER,

    This past weekend a new tax proposal passed that will only change as of next year so any tax triggers that may come into affect under the old rules in 2015 would still occur. For the trigger to kick in and the 5% tax break to come into play we would need to see oil prices below $55.09/bbl on a monthly average for the rest of April and all of May. At that time all wells drilled over the next 5 months would have the tax break for 5 months, but could be longer if oil prices are below that trigger. So we wouldn't see it until June 1st. I think those checks have been beaten up so badly based on oil prices to date. Hope this helps.
    Apr 27, 2015. 03:36 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    phaedrus1952,

    Do you have the well numbers for those or the names of those specific wells for the readers? Thanks!
    Apr 20, 2015. 01:08 PM | 2 Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Thank you David!
    I appreciate it! http://bit.ly/1si3hbl
    Apr 11, 2015. 06:57 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    nmsinvesting,

    Going from memory, most if not all of their initial wells are. Its difficult to know as the regulations in ND when horizontals were first drilled didn't make operators share much about well design and it is very difficult to find information as it is all over the file as opposed to now, where they provide much better info. http://bit.ly/1si3hbl
    Apr 11, 2015. 06:57 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Benni,

    I hadn't heard that this technology would be good for it earliest wells as much of what they have done is conventional and does not require fraccing. I would guess they have done some vertical fracs as this has been done for a very long time. I do know that they are very interesting in fraccing natural gas focused shale but this is something just starting. Thanks for everything Benni, I appreciate that is paper helped you with some questions you had.
    http://bit.ly/1si3hbl
    Apr 10, 2015. 10:27 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Pablomike,

    I believe you are correct about the earliest wells. Craig's comment above addresses this and provides the specific reasons the earliest wells are the best candidates within core areas. I appreciate it, I would like to get here more, but all of my investment specific research stays on the site at shaletrader. I will try to get here a little more though, if possible. http://bit.ly/1si3hbl
    Apr 10, 2015. 10:22 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Thanks Craig!
    http://bit.ly/1si3hbl
    Apr 10, 2015. 10:20 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Fossilfuel,

    Awesome response as always. I appreciate you taking the time sharing your expertise. http://bit.ly/1si3hbl
    Apr 10, 2015. 11:59 AM | Likes Like |Link to Comment
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