Sunday, July 14, 2013

CLR's Historic August, 2012, Corporate Presentation May Soon Be Lost To The Archives

I assume the CLR corporate presentation of August 10, 2012, (almost a year old now) will soon be no longer available at the CLR website.

It's a "historic" presentation and folks may want to keep a copy for archival purposes. The presentation can be found here (I assume in another couple of months it will be gone simply because the presentation will be fairly "old").

I discussed the presentation in a posting suggesting that the Bakken/Three Forks (all benches) is a trillion-barrel reservoir with 45 billion bbls of technically-recoverable oil. I may be using the wrong word but suggesting original oil in place to be one trillion bbls (rounded); this would suggest a recovery rate of 4.5% which many would argue is way too high. Most folks seem to suggest only 1 to 3 percent of OOIP is currently being recovered, though there have been oil experts suggesting as much as 8% in some places in the Bakken.

For newbies, the 2013 USGS estimated about 7 billion bbls of technically-recoverable oil and CLR's Harold Hamm suggested 24 billion bbls of technically-recoverable oil from the middle Bakken and the upper Three Forks.

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