Production
Mesquite Ridge · Jul 26 closed
Gross
2,202.5MBOE
71,048 BOE/d
Net to us
1,860.7MBOE
after working interest
Water handled
4,281Mbbl
2.7 bbl per bbl of oil
Deferred
140,823bbl
8 workovers ran
Rate, 24 months — Mesquite Ridge
A shale portfolio declines steeply on new wells and flattens on old
ones. What matters is not the slope of any single well but whether new volume is
being added faster than the base falls away.
Uptime, last 12 months
Producing hours as a share of available hours, weighted by
volume, so a big well going down counts more than a small one.
Stream mix, Jul 26
Gas shown in barrels of oil equivalent so the three streams are
comparable. Gas is 21% of volume
but far less of revenue — see Financials.
Biggest producers, Jul 26
| Well | Field | Lift | Lateral | BOE/d | Uptime | Water | Op cost /BOE | WI |
|---|---|---|---|---|---|---|---|---|
| Antelope 3-12H 42-404-30335 |
Antelope Draw | Plunger lift | 15,000 ft | 1,626 | 100% | 47.0k | $6.54 | 82.9% |
| Rimrock 1-4H 43-489-30409 |
Rimrock North | Plunger lift | 15,000 ft | 1,467 | 91% | 38.7k | $4.88 | 66.5% |
| Cottonwood 7-28H 49-136-30356 |
Cottonwood Bend | Flowing | 15,000 ft | 1,418 | 97% | 34.1k | $6.67 | 80.0% |
| Antelope 5-20H 42-231-30391 |
Antelope Draw | Plunger lift | 15,000 ft | 1,381 | 96% | 46.4k | $8.04 | 88.2% |
| Antelope 1-2H 42-311-30265 |
Antelope Draw | Rod pump | 10,000 ft | 1,120 | 98% | 27.6k | $7.80 | 92.3% |
| Antelope 10-39H 42-380-30524 |
Antelope Draw | Plunger lift | 15,000 ft | 1,105 | 95% | 42.8k | $5.13 | 86.7% |
| Antelope 16-62H 42-430-30685 |
Antelope Draw | Flowing | 15,000 ft | 1,032 | 95% | 44.0k | $9.02 | 83.8% |
| Cottonwood 3-9H 49-488-30223 |
Cottonwood Bend | Gas lift | 15,000 ft | 997 | 97% | 31.6k | $5.65 | 78.5% |
| Rimrock 3-9H 43-120-30444 |
Rimrock North | Rod pump | 10,000 ft | 941 | 92% | 24.0k | $7.41 | 68.1% |
| Sagebrush 8-29H 42-255-30363 |
Sagebrush Flats | ESP | 12,400 ft | 915 | 96% | 28.4k | $5.55 | 96.3% |
| Cottonwood 8-29H 49-373-30363 |
Cottonwood Bend | Plunger lift | 15,000 ft | 905 | 96% | 37.0k | $6.65 | 78.0% |
| Sagebrush 2-7H 42-166-30209 |
Sagebrush Flats | Gas lift | 10,000 ft | 893 | 100% | 30.5k | $5.92 | 88.1% |
Wells to look at
| Well | Field | Pad | Flag | BOE/d | Uptime | Cost /BOE | Deferred |
|---|---|---|---|---|---|---|---|
| Mesquite 2-7H 42-143-30469 |
Mesquite Ridge | MQR-PAD-02 | Workover this month | 101 | 77% | $50.11 | 626 bbl |
| Cottonwood 1-2H 49-413-30174 |
Cottonwood Bend | CWB-PAD-01 | Workover this month | 152 | 59% | $25.78 | 2,276 bbl |
| Cottonwood 1-3H 49-335-30181 |
Cottonwood Bend | CWB-PAD-01 | Workover this month | 148 | 64% | $28.27 | 1,681 bbl |
| Sagebrush 8-32H 42-140-30384 |
Sagebrush Flats | SGB-PAD-08 | Workover this month | 298 | 55% | $16.39 | 5,324 bbl |
| Rimrock 2-8H 43-352-30437 |
Rimrock North | RMN-PAD-02 | Workover this month | 491 | 50% | $12.88 | 11,991 bbl |
| Sagebrush 3-11H 42-286-30237 |
Sagebrush Flats | SGB-PAD-03 | Workover this month | 248 | 67% | $15.08 | 2,477 bbl |
| Cottonwood 5-20H 49-468-30300 |
Cottonwood Bend | CWB-PAD-05 | Workover this month | 273 | 85% | $24.99 | 1,104 bbl |
| Antelope 7-27H 42-117-30440 |
Antelope Draw | ANT-PAD-07 | Workover this month | 252 | 73% | $11.74 | 2,131 bbl |
| Antelope 9-34H 42-483-30489 |
Antelope Draw | ANT-PAD-09 | Water handling | 133 | 94% | $12.26 | 164 bbl |
| Antelope 15-57H 42-207-30650 |
Antelope Draw | ANT-PAD-15 | Water handling | 154 | 95% | $12.49 | 181 bbl |
Cost per barrel rises on old wells even when nothing has broken:
the barrels fall away faster than the fixed monthly cost of running the location,
and water handling climbs the whole time. That is why this list is ranked on cost
and uptime together rather than on either alone.