The "Halo Effect, page-2

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buc

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30/09/14

09:42

Post #: 14047105
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Originally posted by buc ↑

YEP.....

the Bakken is the largest continuous reservoir of oil ever found in the US; light, sweet oil

after the 2013 USGS Survey, officials double the size of the Bakken/Three Forks: 7.3 billion bbls recoverable; could be as much as 11 billion bbls recoverable one trillion bbls of original oil in place (OOIP) -- other estimates

8 wells/1280-ace spacing unit: 24 billion bbls recoverable oil

16 wells/1280-acre spacing unit: 50 billion bbls recoverable oil

EURs: 400,000 to 1,000,000 bbls

10,000 feet deep; 10,000-foot laterals; total "depth": 20,000 feet; 30-stage fractures; 3 million lbs proppants; sand and/or ceramics; EOG is doing huge fracks: 60 stages; 10 million lbs sand only

$10 million/well historically; costs coming down; maybe $8.5 million/well in 2013

100,000 bbls in 6 months to 3 years; will produce for 25 to 39 years

2,000 permits/year; drilling/completing about 2,000 wells/year; on track for 2,500 permits in 2013

2,000 wells/year x $10 million/well; $20,000 million/year drilling = $20 billion/year drilling

7,000 active wells in North Dakota; 980,000 bopd; 100 bopd/well (California with about 60,000 active wells); North Dakota #2 in US production, behind Texas

185 active rigs (range 180 - 195)

high density spacing; Oasis will drill 21 wells in one 640-acre section; 42 wells/1280-acre spacing in better Bakken

Middle Bakken; four benches in the Three Forks; the Three Forks will increase the OOIP estimates by about 60% (compared to the Middle Bakken only); the Three Forks through the Bakken, but seems to extend beyond the periphery of the middle Bakken prospect;Whiting tends to refer to the upper Three Forks in its northern ops area as the Sanish; Whiting tends to refer to the upper Three Forks in its southern ops area as the Pronghorn Sand

fracking a new well improves production of a neighboring, existing well ("halo effect")

http://themilliondollarway.blogspot.com.au/p/faq.html

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Fine, I'll just keep replying to myself.

High density spacing ; "Oasis will drill 21 wells in one 640-acre section; 42 wells/1280-acre spacing in better Bakken"

Any comments?
Last edited by buc: 30/09/14

SSN Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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The "Halo Effect, page-2

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