both flowing over 6000 boepd in two separate layers of the three forks.
those are record setters. and done with 30 stage plug and perf so thee is stil more upside to come.
The record 93 stage frac job was for WLL. I hope they provide some prelim results on this well and some type curves on the 60 stage coiled tube they did.
The 93 stage well was discussed in the most recent WLL CC and on the NRC Energy website release. The 50 stage well was discussed on the previous CC. They did a test set of wells side by side. standard well produced x bopd, extra proppant well produces 1.4x bopd , 60 stage well produced 1.7x bopd
mentions their success with slickwater wells in Montana. Man I hope TPLM is listening and drilling to prove up some Montana land. That would really move the needle if TPLM could get some value for their Montana property.
although oil is dropping it should not impact the rate of drilling and completions unless it falls below $85 or so and even then the increase in proppant per well should offset any slowdown in drilling
chart EMS vs HCLP and it is easy to see why EMES was downgraded. It is way ahead of the sector and HCLP is still lagging SLCA so of the three major sand companies HCLP seems to have the most upside to me at this point.
they are slowly covering and getting beaten up along the way. breaks my heart to see em suffer like that..not...they may have to push this through 17 next week
wll wells are outperforming in bakken and dj basin. that is how they beat last time and the outperformance of old numbers continues to grow. wll will beat on production and I believe that will show through to eps. cc will be what moves the stock when well production volumes of last quarter tests are released. NCS Energy did a 92 stage frac in bakken and a 90 stage frac in Eagleford for somebody and I suspect it was WLL.
It is the same coiled tube tech that wll discussed at their last call when they showed results of a 60 stage frac as being 70% better than offset traditional design and 40% better than increased proppant design.
If those two NRC completions were done for WLL I am sure they will be discussing them in their cc and I suspect the results are going to be surprising. Further discussions about applications for recompletions will only drive the pps.
fundamentally strong with major holders also holding WLL and looking to grow WLL. head fake to shake out the weak and lower average so they can negotiate better ration when Paulsen and Vanguard try and drag this under the WLL umbrella. Price target $65
edit. I should have read further
two monster wells
Three Forks Second Bench Exploratory Results. In our Tarpon field located in McKenzie County, North Dakota, we completed the Skaar Federal 41-3TFHU in the second bench of the Three Forks formation flowing 6,071 BOE/d on June 7, 2014. The well was completed in a total of 30 stages with a cemented liner and plug-and-perf technology. Whiting holds a 44.8% working interest in the new producer.
We also completed an offsetting well, the Skaar Federal 41-3TFH, in the Upper Three Forks formation flowing 6,634 BOE/d on June 7, 2014. Whiting holds an 82.4% working interest in this well. It appears that there is no communication between the two Skaar wells
EOG wasn't using coiled tube method. look forward to the first test using coiled tube on a recompletion. no cost to drill well, no cost for pipelines, no cost for pad development.
OAS reporting they are producing 35% higher than offset current well tech in same geology and it is working west into Montana too. They are proving up Montana land to be economical and getting 35% higher EUR's per well on average where they have tried it.
CLR confirmed similar results in their release this morning and some of their well history goes back 20 months. CLR also seems to have found the north limits of TF2 and TF3
agreed. this maybe just big money shorting it to get average down so when Paulsen Energy (WLL) tries to strike a ration they get a better number
next quarters results will show that sand pricing power has been strong regardless of price of oil