Production
Sagebrush Flats · Aug 26 closed
Gross
2,192.5MBOE
70,726 BOE/d
Net to us
1,851.6MBOE
after working interest
Water handled
4,275Mbbl
2.7 bbl per bbl of oil
Deferred
145,824bbl
8 workovers ran
Rate, 24 months — Sagebrush Flats
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, Aug 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, Aug 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 | 1,607 | 99% | 54.4k | $6.91 | 82.9% |
| Rimrock 1-4H 43-489-30409 |
Rimrock North | Plunger lift | 15,000 ft | 1,489 | 94% | 49.6k | $5.05 | 66.5% |
| Cottonwood 7-28H 49-136-30356 |
Cottonwood Bend | Flowing | 15,000 ft | 1,427 | 97% | 37.4k | $6.20 | 80.0% |
| Antelope 5-20H 42-231-30391 |
Antelope Draw | Plunger lift | 15,000 ft | 1,407 | 97% | 47.8k | $8.54 | 88.2% |
| Antelope 10-39H 42-380-30524 |
Antelope Draw | Plunger lift | 15,000 ft | 1,088 | 95% | 44.0k | $5.27 | 86.7% |
| Antelope 1-2H 42-311-30265 |
Antelope Draw | Rod pump | 10,000 ft | 1,058 | 94% | 29.2k | $8.76 | 92.3% |
| Cottonwood 3-9H 49-488-30223 |
Cottonwood Bend | Gas lift | 15,000 ft | 1,031 | 100% | 33.4k | $5.97 | 78.5% |
| Antelope 16-62H 42-430-30685 |
Antelope Draw | Flowing | 15,000 ft | 1,019 | 95% | 42.4k | $7.91 | 83.8% |
| Rimrock 3-9H 43-120-30444 |
Rimrock North | Rod pump | 10,000 ft | 999 | 98% | 29.4k | $7.56 | 68.1% |
| Sagebrush 8-29H 42-255-30363 |
Sagebrush Flats | ESP | 12,400 ft | 937 | 98% | 29.6k | $5.80 | 96.3% |
| Rimrock 2-8H 43-352-30437 |
Rimrock North | Plunger lift | 7,500 ft | 916 | 93% | 23.3k | $5.60 | 67.1% |
| Antelope 7-28H 42-471-30447 |
Antelope Draw | Gas lift | 10,000 ft | 910 | 97% | 26.5k | $5.43 | 90.9% |
Wells to look at
| Well | Field | Pad | Flag | BOE/d | Uptime | Cost /BOE | Deferred |
|---|---|---|---|---|---|---|---|
| Antelope 12-47H 42-157-30580 |
Antelope Draw | ANT-PAD-12 | Workover this month | 65 | 61% | $56.17 | 898 bbl |
| Sagebrush 2-8H 42-289-30216 |
Sagebrush Flats | SGB-PAD-02 | Workover this month | 290 | 56% | $24.61 | 4,551 bbl |
| Sagebrush 11-43H 42-290-30461 |
Sagebrush Flats | SGB-PAD-11 | Workover this month | 227 | 58% | $22.82 | 3,463 bbl |
| Mesquite 5-17H 42-391-30539 |
Mesquite Ridge | MQR-PAD-05 | Workover this month | 185 | 56% | $19.98 | 2,920 bbl |
| Sagebrush 1-3H 42-383-30181 |
Sagebrush Flats | SGB-PAD-01 | Workover this month | 177 | 60% | $17.00 | 2,703 bbl |
| Rimrock 1-2H 43-289-30395 |
Rimrock North | RMN-PAD-01 | Workover this month | 584 | 63% | $13.38 | 8,428 bbl |
| Cottonwood 8-29H 49-373-30363 |
Cottonwood Bend | CWB-PAD-08 | Workover this month | 527 | 56% | $9.05 | 10,055 bbl |
| Antelope 13-50H 42-249-30601 |
Antelope Draw | ANT-PAD-13 | Workover this month | 637 | 86% | $9.74 | 2,608 bbl |
| Mesquite 2-7H 42-143-30469 |
Mesquite Ridge | MQR-PAD-02 | Water handling | 119 | 91% | $12.31 | 262 bbl |
| Sagebrush 1-1H 42-481-30167 |
Sagebrush Flats | SGB-PAD-01 | Water handling | 246 | 92% | $11.33 | 451 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.