DJ and Bakken Updates

I had some downtime this morning and was inspired by some service work we did on Thursday in Colorado.

In short, if you want to haul crude in Colorado don't even bother if you're an o/o. The big boys with company drivers are under bidding the smaller companies. There's a few guys with some sweet rates but they're few and far between. And every company is building a pipeline. Once that pipe is in they only drill around it.

For the site that inspired me, I have no knowledge beyond an educated guess, there's eight wells and going by the length the Red Army™ was there I'm guessing 100+ stages a well. That's some crazy flow coming back right? They have two pro tanks (25/500) and eight water tanks. They're never planning on having crude trucks in there.

Water and sand here is great as far as I know. Everyone and their momma is hauling sand for Sandbox or Liberty as o/o. I don't really know much about them except they're everywhere. Water is mostly company guys but they're busy as can be.

Bakken

I have no assets left there but I talked to two guys up there Friday. One guy told me he could use fifteen o/o for water and another ten for crude. But it still might not be enough. The Bakken, after the bust, has seemed to be nothing but steady work. Probably because it's ND and second in the nation for suicide. Montana being number one.

Anyways I'm open to any questions about the plays I know about. I did go to an industry lunch on Thursday and picked up some tidbits about Oklahoma and Texas while there

 

I got asked to send trucks there. I politely declined. They want to cut rates more and would be able to if they have more haulers. Pipeline is full and they have about 3000 wells that need to be drilled and/or fracked.

They have some really cool EOR going on though. Not that anyone cares but I was really impressed. Right now they have all these vertical wells that are tapped out. Currently they're leaving about 90% of the oil, they just can't recover it. So they're pumping water and sand into one well to force oil out of other wells. It's not going bad. Instead of only getting 10% of the oil now it's jumping to 16-18%

 

There's so many disposals and fresh water depots that waiting is a thing of the past. Now you're paid by the load or by the hour for water depending on the circumstances

 

Plains is always a good company to get in with, sand you'll make a lot