Bakken Operators Drilling & Completing, but Only in Core Areas
Since the start of 2015, there have been 1116 permits issued in the Bakken shale play, with a monthly high coming in January at 238 permits issued. This past week, there were 29 permits issued, a -53% decrease from the previous week which had 62 permits. The top permitting county this past week was McKenzie with 14 permits, down -26% from the prior week, which had 19 permits. Other active counties include Mountrail with 6 permits, Williams with 5 permits, and Divide with 4 permits in the last week. Active drilling rigs are also declining but some operators are talking about adding rigs to core acreage.
The chart below shows drilling permits, rigs, and completion counts for the Bakken.
Hess, Slawson, EOG, and Oasis All Active in Core Counties
The most active operator this past week was Oasis Petroleum, gaining 7 permits in McKenzie County. Sinclair Oil & Gas, Crescent Point Energy, and Petro-Hunt all added 3 permits each. Hess was active during the week of June 15-21, acquiring 14 permits. 12 of those were in Mountrail, 2 were in McKenzie, and 1 was in Williams County. Operators decreasing activity this past week are EOG Resources, going from 13 permits to 0; Slawson Exploration, going from 11 permits in June 15-21 to 2 permits last week; and Whiting Petroleum, going from 5 permits to 0 permits last week.
Oasis Improves Completions with High-Intensity Slickwater Fracs
Oasis Petroleum has completed 167 frac jobs in the Williston since the beginning of 2014, pumping 200K tons of raw sand, 31K tons of resin, and 84K tons of ceramic. They have used Nabors, Schlumberger, and Baker Hughes for the majority of their jobs in the Williston. In a completion in Williams County, Oasis used a total of 11.7 million pounds of proppant using 7.8 million pounds of ceramic from Carbo Ceramics, and 3.9 million pounds of raw sand in 20/40 and 40/70 mesh sizes. They also used the friction reducer WFR-6W from Nabors, which totaled 3,901 pounds or 0.007% of the total mass pumped. They have been testing a new completion design in the core of the Williston, going from 100% ceramic to 90% raw and 10% resin, with 50 stages (up from 36 when they were using the slickwater design).
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