USGS 2013 Bakken/Three Forks Assessment
The survey
Observation 1: TOC
Observation 2: The Four Benches of the Three Forks not mentioned
Observation 3: The Graphic
Observation 4: The Pronghorn Member
Observation 5: The "F95" actually decreased slightly
How long will the Bakken "last"?
Hearing dockets
NDIC hearing dockets for May
High points
Fracking
Fracking did not cause methane contamination in Pennsylvania water wells -- US government
EPA dramatically lowers impact of natural gas leaks during fracking
Economic activity
Legislature votes almost $1 billion in road work this summer
Home Depot coming to western North Dakota
Two new peaking stations in the Bakken
Operations
Rig counts no longer matter; active rigs: 192, on May 2 -- new post-boom high
Several operators reporting huge wells
Oasis with a huge well;
KOG reports a nice well on 320-acre spacing
Random update of EOG's super-long laterals in Clarks Creek/Antelope fields
18-well pads/spacing units?
For investors only
KOG releases earnings; $50 cash margin on $90 oil
KOG's pilot project; drilling deeper; increased density
MDU has huge quarter; raises guidance
WTI/Brent narrows; implications for the Bakken
Bakken-centric operators generating "enormous" amount of cash flow
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