"Underbalanced drilling was used to allow the well to flow from the natural fractures that were encountered. The fact that this is now a matrix play where you frac the reservoir makes that approach unnecessary."
"Higher prices always help - but my experience is that they tend to come with higher operating costs (D&C). But overall a good thing for sure.
In today's climate, it is hard to figure on anything as to O&G prices over time. Stability…"
"EOG or anyone else could not economically survive with wells like this one. But I believe that EOG is looking at this as a "test well" to monitor AC reservoir performance in this area. Which may explain the apparent lack of artificial lift…"
"It certainly is interesting, but my question is can a company the scale of EOG have a field of these wells (with the same decline rate) pay for the cost of the well fast enough to satisfy investors and then pay for the overhead to keep them going…"
"Interesting to see GOR variance over the past few months - well was running around 800:1 GOR before jumping up to 1075 and then 2614:1 (Feb 2019) GOR. And then back to 1262:1.
Oil rate pretty consistent when you look at the per day rate (49 to 56…"
"April 23 2019 production test shows test rate of 56 BO, 72 MCF and 249 BW on a 64/64" choke with 138# tubing pressure. Slight drop in oil cut (22.5%) from previous test (25%) - appears that well has settled into to a consistent albeit less than…"
"If that gas volume is correct, that is a massive change in GOR from the previous trend - basically around 1000:1 to over 2600:1. It will be interesting to see future months to see if this trend continues.
Or I wonder if EOG has done something to the…"
"I am erasing my previous decline curve post and attachment since I totally screwed it up / that is what I get for rushing to get something posted! LOL
Thanks for bringing this to my attention.
Attached graph shows all the data from the production…"
"Thanks. Curious why you didn't include all 18 data points? You show it through Jul 2018 but data is there through Feb 2019?
Also, you said "the % number (e.g. 6%) is the present oil rate versus the original max rate."
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More