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Michael Filloon  

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  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Bison73,

    Thanks, There are some issues with longer laterals but none of which would be more difficult under the lake. EOG and some others, I think QEP also have drilled 15000 foot laterals and had pretty good results. The only issues with longer laterals seem to be control of the job which gets more difficult as it gets bigger (not as big of a deal), but the further out the toe (end) of the lateral is from the pump trunks does sacrifice some of the power generated by the HHP. But I would say no, they should be able to go longer under the lake. http://bit.ly/1si3hbl
    Apr 10, 2015. 11:53 AM | 1 Like Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Phaedrus1952,

    Excellent point. Coiled tubing fracs could produce significant upside in refracs with respect to tightening up stages, but I must admit there is very little data if any in its utilization in refracs. Its application is interesting though.
    Apr 10, 2015. 12:06 AM | 2 Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    nmsinvesting,

    Thanks. I am unsure if open hole wells are better candidtates, but if Craig is around and could add to this conversation is would be great. His expertise is vast with respect to unconventional production and he has always been able to add to questions I have been unable to answer. Whiting Legacy wells are almost all straight sand fracs. This is very important as ceramic proppant is much more resilient than sand and because of this it holds the fracs open better especially if the operator didn't use enough proppant. Since sand crushes out more, production ceases earlier and would leave more resource to be recovered. Either way, it probably wouldn't affect the inventory much as both have not produced well. As for Brehm 13-7h, I used that as the upside for what a refrac would produce in this paper. It is not a candidate (but could be given the marked increase in production with its more recent sand heavy completions), but more of the upside to a refrac. Have a great night!
    Apr 9, 2015. 11:59 PM | 1 Like Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Pablomike,

    I did a quick scan of wells completed since WLL said they would be doing those refract and I couldn't find them. If I find that data I will let you know. http://bit.ly/1si3hbl
    Apr 9, 2015. 11:41 PM | 1 Like Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Thanks Benni,

    Definitely a subject that has come to the limelight recently and one that there are a significant number of questions about. The newest completion technologies are so much better than those used initially, that there is a lot of upside once the operators begin to perfect the technique. There are also a large number of questions to be answered. The best way to look at the subject, is older wells left a lot of resource in place that can be recovered using these new techniques at a much lower cost. http://bit.ly/1si3hbl
    Apr 9, 2015. 11:39 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Douglas,
    WTI with an $11 Bakken light differential. As for upcoming pipeline projects in ND check out this table.
    http://bit.ly/1ceAsto
    Apr 9, 2015. 03:01 PM | 2 Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Don Peppe Di Prata,

    I agree with Craig here. Although the article makes some very specific points, we have no idea how these wells will react to refracs. Do we think there is value? Definitely, but this more of a speculative thought as we don't have near the data we need to know how some of these will produce. Have a great day!
    Apr 9, 2015. 02:16 PM | 1 Like Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Craig,

    Thanks for taking that one. Appreciate it. http://bit.ly/1si3hbl
    Apr 9, 2015. 02:14 PM | 1 Like Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Thanks OXBORO,

    I appreciate the comments and believe you are right. We are now in a oversupplied market, which is much different than one that lacks demand. This is something we haven't seen in a while and the market may have forgot that when the oil markets are over supplied it can take a lot longer for prices to recover. Also we seeing unconventional production that is very front end loaded. We will see about 19% of a well's total production in just the first year. So its like you said, every time oil prices increase, shale producers will kick it into gear and start producing with much of that production happening right away. http://bit.ly/1si3hbl
    Apr 9, 2015. 01:36 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Thanks Cut2theChase,

    Some of the Alger Field (STO) and Koala Prospect (WLL) could be interesting. As you said, these areas may need higher oil prices as they aren't as good as Sanish Field but still considered very good areas. Thanks for your input, its appreciated! http://bit.ly/1si3hbl
    Apr 9, 2015. 11:36 AM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    stag15,

    Yes, refracs have been done in the Bakken. Most operators don't talk about them much, but info can be found in quarterly transcripts here on SA. Another way, is to go through all of the well files and find wells with a lower NDIC number that have a recent completion date. This can mean several things whether the well is a refrac or they did a waterflood, etc. In general the results have been very good with production returning near that of the initial completion. What we are lacking is longer term production data on liquids wells. Natural gas refracs are fantastic, but gas tends to flow easier than crude. Hope this helps. http://bit.ly/1si3hbl
    Apr 9, 2015. 09:41 AM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Thanks bikerron!
    Apr 9, 2015. 09:37 AM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    g8tr,

    Nice to talk again. Results may be a while, at least anything meaningful. They will have to do significant testing and assess whether those tests are productive. I would guess we wouldn't see significant numbers of refracs until early next year.
    Apr 9, 2015. 12:14 AM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Douglas Ryan,

    Excellent question. The trick isn't as much the time frame as where the well was drilled. If we get outside core areas that are producing the best wells, these refracs probably are not feasible at all at todays prices. We would need to see oil prices between $60 and $70/bbl (very wide estimate, but tough to go over all of the areas here) to pick up very good areas that are on the fringe of core, and all areas outside that aren't feasible in our opinion. Going back to core, once we get passed 2013, many of the wells have been drilled using better completion designs, so the probability of finding enough shale that didn't get fractured would be limited at best. http://bit.ly/1si3hbl
    Apr 8, 2015. 11:13 PM | 1 Like Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    runjmc2,

    Thanks! That is correct. This isn't a game changer, but more of a specific upside situation. Right now, I would guess economics are only good in the best fields and those that were drilled early. What we are focused on are completion improvements, as refracs in marginal areas will only be economic if those areas can be drilled and completed. EOG is well on its way to finding a system that works at sub $50/bbl in most good areas, but others are still far behind. Hopefully others can duplicate. http://bit.ly/1si3hbl
    Apr 8, 2015. 11:07 PM | 1 Like Like |Link to Comment
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