Wednesday, December 5, 2012

Filloon on Continental Resources; EURs of 1.5 Million Bbls in the Best Bakken?

Updates

December 6, 2012: so, is there any Three Forks well with more than a million bbls? Yes:
1987, 150, CLR, Woodrow Star "A" 1, Antelope, Sanish Pool, t10/58; cum 1.060 million bbls 10/12; still producing

Original Post

Link here to SeekingAlpha.com.

How good is the best Bakken?

Remember all that early talk of EURs averaging somewhere between 300- and 500-thousand bbls? Then KOG started talking about one-million-barrel EURs in the best Bakken.

Now, this from Mike Filloon:
.... interest in NE McKenzie has grown significantly over the past two years. QEP Resources' acquisition of Helis's acreage in Croff and Grail fields proves this value. The best wells in this area targeted the upper Three Forks, with consistent EURs of 1000 MBoe. Wells have modeled to a maximum EUR of 1500 MBoe. This area is inconsistent with the rest of the basin, as the upper Three Forks outperforms the middle Bakken in this field. In the general vicinity of this field, the upper Three Forks has produced 10 wells with more than 1101-1500 Mboe. The middle Bakken has produced 8 within this range.
Again, in case you missed it: some folks are talking about EURs of 1.5 million bbls in the best Bakken (assuming I read the article correctly). 

We've already seen any number of Bakken wells drilled in the last four or five years that have exceeded 500 thousand bbls. Visit "Monster Wells" and scroll down.

2 comments:

  1. http://www.startribune.com/local/182116251.html

    Bruce-this is not a Bakken story, it is a mining story from northern MN. Similar theme to the Bakken, though-Worn out old mining area and they are finding much new minerals.

    ReplyDelete
    Replies
    1. I've actually followed PolyMet over the years, so this is an interesting bit of news. Thank you.

      Delete