Thanks M!
We can always count on you to clear up most everything!
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We are very fortunate indeed. Thank you, M Barnes!
Looks like the Robinson 2 may have lost from 12,000 bpm to 1200 bpm.
Rob 2 Gr Prod.pdf (429.1 KB)
But the Robinson 3 started out at 26K bpm and the Robinson 4 started at 23k bpm.
Rob 3 Gr Prod.pdf (380.5 KB)
Rob 4 Gr Prod.pdf (380.6 KB)
So Jackie lost about 11K bpm but picked up an extra 49K bpm.
And that not even counting the Robinson 5 which hasn’t reported yet.
I’ll take that trade off any time!
And here’s the Rob 4 Completion Report showing 115 bpd.
Rob 4 115b.pdf (645.5 KB)
But the first month actual Gross Production was about 800 bpd.
As M said, maybe those low first completion reports are very misleading.
I sure hope so because we have sure been getting some low ones lately.
The 5 Williams (Springer) wells have come in in 25(24)(13)-7-6 and the Completion Reports for 4 of the 5 show production of 128, 169, 163 and 153 bpd respectively.
These numbers are very low but hopefully, the actual Gross Production for each of the wells will be at least 4 or 5 times bigger, just like the Robinson 4.
We should find out real soon.
Production for Ramsey Trust 2-16-9 drilling from sec 21. Dec 18 Oil 20,154.73 Jan 19 Oil 44,184.28 Feb 19 Oil 31,208.87 Mar 19 Oil 30,037.32 Looks like Jan 2019 averaged 1,425 BOPD. This information comes directly from my owners statement.
Thanks Rick.
1425 bpd is over 10 times the Completion Report figures of 139 bpd!
Ramsey Trust 2 139b.pdf (493.2 KB)
CLR 1Q 2019 results now available online. Their Springboard comments sound favorable however no mention of any Springer well results.
SpringBoard: Oil Growth Ahead of Schedule; Avg. ~14,000 Net Bopd in April (28 Days)
The Company’s first quarter 2019 SCOOP production increased 9% over first quarter 2018, averaging 67,659 Boe per day. The Company completed 15 gross (13 net) operated wells with first production in first quarter 2019.
Project SpringBoard oil production is growing ahead of schedule, averaging ~14,000 Bo per day in the first 28 days of April 2019. The Company has updated its SpringBoard oil production growth target to 18,000 Bo per day in third quarter 2019, compared to the initial target of 16,500 Bo per day. Cycle time improvements and higher early time well productivity are accelerating production growth and enabling the Company to achieve its objectives for 2019 with 25% fewer rigs. The Company currently has 9 rigs drilling, 33 wells waiting on completion and 39 wells producing in Project SpringBoard.
In first quarter 2019, the Company completed the first 6 Woodford wells in Project SpringBoard, which flowed at a combined initial rate of 9,960 Boe per day, averaging 1,660 Boe per day per well, which includes 1,245 Bo per day per well. These wells are currently outperforming the legacy 1.5 MMBoe Woodford legacy oil type curve.
Let’s compare that to Stack.
STACK: Continues to Deliver Outstanding Results
The Company’s first quarter 2019 STACK production increased 6% over first quarter 2018, averaging 56,513 Boe per day. During the quarter, the Company completed 9 gross (5 net) operated wells with first production in 2019.
In the over-pressured condensate window, the 5-well Tolbert unit flowed at a combined initial rate of 18,700 Boe per day, averaging 3,740 Boe per day per well, which includes 1,180 Bo per day per well. In the over-pressured oil window, the 3-well Lugene unit flowed at a combined initial rate of 9,270 Boe per day, averaging 3,090 Boe per day per well, which includes 1,540 Bo per day per well. The Tolbert unit was developed with 2-mile laterals and the Lugene unit with 1-mile laterals. The Company also completed its first 3-mile Meramec well in STACK. The Blondie 1-6-7-18XHM 3-mile lateral flowed at an initial rate of 3,400 Boe per day, which includes 2,460 Bo per day per well.
Uh oh.
Continental is a takeover target.
The deal could kick off more acquisitions in the shale space. Phil Flynn, senior market analyst at Price Futures Group told IBD earlier that Continental along with Devon Energy (DVN), Parsley Energy (PE) and Matador Resources (MTDR) are ripe takeover targets that Warren Buffett and Berkshire Hathaway (BRKB) could be interested in.
Hang in there Continental.
I like you just the way you are.
Harold Hamm is the best oil man in Oklahoma since Frank Phillips!
What is the difference in Boe and Bo?
Thanks
BO is barrels of oil only. BOE is barrels of oil equivalent and may include gas. Usually the conversion is 6000 cubic feet of gas equals 1 bbl of oil. Technically, it a unit of energy based on the energy released by burning one barrel of crude oil on a BTU basis. One BOE is roughly equivalent to 5800 cubic feet of natural gas, but most folks use 6000 because the math is easier.
From the Continental quarterly report.
Anybody know the names of the “six Woodford completions”?
This quarter, we announced our first Woodford completions in SpringBoard and the results have been excellent. The six Woodford completions highlighted on slide 10 averaged 1,660 Boe per day per well and 75% of the production was oil. Over time, these unit wells are outperforming our legacy 1.5 million Boe parent type curve for the Woodford oil window. This reflects the performance uplift expected from today’s larger stimulation and validates the current plans to develop the Woodford with five to six wells per unit.
I think 4 of them are the Pyle Woodford Wells.
Both the presentation and CC were skimpy on springboard details but working on some figures supplied in both the initial Springboard presentation and this report I think we can assume the following; CLR had a net average production:~14,000 Net Bopd Avg. in April 2019 (28 Days), 39 Wells Producing, ~75% avg. CLR working interest: equals ~478BOPD per well average for 28 days in April.
Since the completion of the Pyle Woodford well and additional Woodford wells that were announced, it looks like CLR has now figured out how to get the same type of production both in BOPD as well as EUR that the Springer will/may do. They did say that well density for the Woodford still looks like 5-6 per unit on the CC. Looks like the Springer may be 2-3 wells per unit rather than the 4 that was originally published.
Could be, Jake.
The Pyle wells meet the criteria.
Thanks.
They have been doing a lot of Fracking in 30 and 31, also in the sections just west. Could it be the Triple 2 and wells next to it have been shut in from time to time? Also, a new pad is being built on Alex road just south of Highway 62. Section 18 I think. I think it is a Jaquez well either 8 or 9. Does anyone know if they are going to drill south into 30 and 31 or if they are going to drill north ? thanks
Could be 2221991.
The Triple H wells are really big, 1120, 1210, 1654, 1323 bpd, but they are in the Goddard formation, not the Woodford. . Goddard.pdf (307.8 KB)
And the Jacquez well is in the Woodford but it is a Newfield well.
Jacquez.pdf (499.8 KB)
Looks like Continental treats the Goddard formation the same as the Springer.
Triple H Goddard.pdf (494.0 KB)
Continental Resources Reports First Quarter Before beginning row development of the Springer, the Company recently completed the four-well Triple H Springer unit within Project SpringBoard. The four Springer producers flowed at a maximum combined 24-hour IP rate of 6,065 Boe per day, with 88% of the production being high quality, sweet 46 gravity crude. The Triple H wells were drilled to test the productivity of thinner areas of the reservoir, using extended laterals that were 10,200 feet long. These extended laterals were drilled in approximately the same number of days (35 days) and at drilling costs comparable to one-mile laterals drilled approximately one year earlier.
It looks like they are probably going to drill south from 19 into 30 and 31, like the Triple H 3-30-31HS, survey below.
Triple H 3 survey.pdf (225.5 KB)