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Michael Filloon  

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  • Economics Of A Shale Well - Diamondback Energy [View article]
    Zoltan,

    Could you elaborate more on how you put together your decline curve?
    Jul 17, 2015. 12:55 AM | Likes Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    Herb,

    God Bless you as well! Have a great night!
    Jul 16, 2015. 11:10 PM | 1 Like Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    Thanks lol wut.
    Jul 16, 2015. 07:41 PM | Likes Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    Herb,

    We don't currently own EOX. Looking at current well results and revenues generated, it will have major issues making debt payments. If you would like more info on the name we provide that at http://bit.ly/1si3hbl.
    Jul 16, 2015. 07:40 PM | 1 Like Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    lol wut,

    I thought the MB and TF1 wells were just fine in Rollefstad considering the well design. 30 stage fracs don't generally "knock the wellhead off", so those wells seemed fine considering. The only reason the pad overall didn't look that great from a production standpoint was the lower bench wells. I don't disagree with you that they should stop lower bench development. As for adding wells to sections with 1 to 3 wells already producing, I wouldn't get too worried about it. It will depend on geology, well design and spacing. The MB can carry 4 wells for sure in most areas, and the upper Three Forks in and around NE McKenzie County can do roughly the same without to many worries. Wells drilled next to another well may not produce as well, but locations with a well on each side have underproduced in our opinion depending on area and spacing. I don't think depletion necessarily will mute efforts in higher pressure areas, and this depletion can generally be made up for easily depending on well design.
    Jul 16, 2015. 07:37 PM | Likes Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    Hi Jonathan,

    I agree. There are couple of points I might add though. I think they are doing a better job of pushing out added production from deep sea exploration and some of the heavy crude jobs. From what I understand, the Saudis are adding production in heavier grades of crudes and maybe looking to push out some Canadian production. This isn't an absolute estimate, and I think it is taking longer than they had anticipated, but may work in the long term. Projects with very high upfront costs are going to be put on the back burner for a while, at least until the world economy improves significantly. Thanks for sharing your insights.
    Jul 16, 2015. 01:09 PM | Likes Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    Thanks A Farmer, I appreciate it.
    Jul 16, 2015. 01:04 PM | Likes Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    Thanks Ron,
    Everything is great, and thanks for asking. Definitely keeping busy.
    Jul 16, 2015. 01:03 PM | Likes Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    TBL,

    Currently the Bakken has four means of transport:
    54% Rails
    40% Pipeline
    5% to the Tesoro refinery
    1% trucked to Canadian pipelines

    There are some pipeline projects in the works, plus new diesel refineries coming on line but the rails will continue to be a big part of takeaway capacity. Bakken crude sees fairly high demand from both coasts including PBF Energy in the northeast and Tesoro (among others) in the west. Over time pipeline capacity will increase to the northeast but there are some significant issues with getting pipe in the ground to the west. So I think the rails will continue to be a big part of how crude is moved from ND for some time.

    As for the Permian, pipeline capacity is one reason to like play. But there are other very good reasons as it looks like payback times are better even at very low realized prices. This does depend on where the acreage is, but the Permian does look to have an advantage over both the Bakken and Eagle Ford right now.
    Jul 16, 2015. 01:03 PM | Likes Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    phaedrus1952,

    Very good points, but one issue that may be to the downside with increased production from adjacent wells is whether it affects EURs. Some believe the additional production is in fact in increase in the production of oil and gas over the life of the well. It is possible that a very high pressure frac job will "open things up" and allow for more production, but others believe the additional pressure just pushes adjacent well production up and out of the well faster, not increasing EURs or total production over the life of the well. The issue with this is I don't believe there is anyway to be certain. Either way there is upside as the sooner the production is up and out of the wellbore the sooner and operator can realize the profits, which would decrease payback times. I really hope this increases EURs, but it will take some time to know for sure.
    Jul 16, 2015. 12:07 PM | 1 Like Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    Calculus,

    Thanks, I am glad you enjoyed it!
    Jul 16, 2015. 11:55 AM | Likes Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    David,

    Quick question on your last comment "We have no way of knowing how much of that proppant came from near wellbore fractures or if it was just residing in the heel as the fluid turns the corner."

    Do you know if anyone is currently working on a way to track proppant and where it ends up? I would guess this would be cost prohibitive, but would seem to be beneficial in some of these huge jobs we are starting to see. Thanks in advance!
    Jul 16, 2015. 10:42 AM | 2 Likes Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    AlexanderSchwab,

    Thanks!
    Jul 16, 2015. 10:37 AM | Likes Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    Thanks Augustus!
    Jul 16, 2015. 10:31 AM | Likes Like |Link to Comment
  • Bakken Update: Continental Resources Completes Mega-Frac [View article]
    g8tr,

    I think it will, but wont probably see this to any great affect until next year. Right now most operators are behind in the development of a very intensive source rock stimulation program. Operators like EOG are well ahead and have set the bar (but they self source sand), but others aren't using it much at all (or maybe they are trying it in other plays or areas I have not scanned yet). So really, many will just starting to try long laterals using just 6 million pounds and most wells will continue to use 4 million. Others like QEP are pushing hard and fast to catch up and doing an excellent job. The nice thing about the increase of sand volumes per foot, is operators will have to do this to survive in a low realized oil price environment. It may be the only way to make wells in the outer core areas of plays economic. So in a nutshell, we should start to see this happen next year and by 2017 the sand companies may find it difficult to meet demand again (just an estimate on our part)
    Jul 16, 2015. 10:31 AM | 2 Likes Like |Link to Comment
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