Oklahoma 2018

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OKLAHOMA: PRODUCTION FORECAST | November 2018 | 47 noted previously. On the other end of the spectrum are the benchwarmers in light blue, wells with peak rates of less than 100 boe/d. A quick review of the heat map reveals star per- formers in many areas including some plays with far less promise than others. An example of that is the Mississippian play where an obvious MVP enclave appears in the Granite Wash where a trail of red appears to track toward Texas. There are two primary drivers of overall well productivity. First is the size of the well as deter- mined by lateral length. The longer the lateral, the bigger the well. The bigger the well, the greater the productive capacity at the wellhead, all else being equal. Second is productivity of the rock. This is measured according to production per 1,000 ft of stimulated reservoir. Lastly, it is important to convert natural gas according to economic terms, or 20:1. Converting natural gas at 6:1 fails to capture the economic incentives of drilling for oil when gas trades at $3.00/Mcf and oil trades at $60/bbl. This all said, Figure 5 captures some great wells in lesser plays. At Stratas, a key objective is not only to understand which wells flow stron- gest at the wellhead, but to understand the rea- sons behind well performance. Consequently, this map provides a wellhead view without any consideration for economics. Additionally, some wells pictured here make the cut due solely to the size of the well. Deeper analysis would show that many MVPs and All-Stars are lesser performers when normal- ized for size. Moreover, the image fails to disclose the amount of overlapping wells within the areas clearly. Hence, there is more peeling of the prover- bial onion to fully appreciate well performance. Located within the Anadarko Basin, the Missis- sippian play lies in the north to mid-central por- tion of the basin with the Granite Wash lying in the mid-western portion. The Mississippian is an interesting play in the basin, as it has excessive het- erogeneity (i.e., no sweet spot). The Stack is located just southwest of the Mississippian with the Scoop being on the southeastern tip of the Anadarko. TIL wells in the Anadarko Utilizing StratasScope to review historical data, the Anadarko was a blip on the radar for the U.S. regarding wells spud and completed. However, turned in-line (TIL) wells steadily increased, from 7% in 2015 to 8% in 2016 to 10% in 2017, and sub- sequently, to nearly 17% for this year, based off current data. FIGURE 5. Anadarko Basin Categories

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