There is so much in the article, it is a disservice to print even a snippet, but here it is, to give you an idea of how much Mike packs in one paragraph (which I've broken up a bit to make it easier on the eyes):
The above results are incredible. Using $90/Bbl crude and $4/Mcf, we see significant earnings in Parshall Field. The average well produced over $35 million in revenues. Granted, the gas lines may not have been in, and oil prices did sink during "The Great Recession," but I had to use a set price for comparison. Its wells have produced a little over five and a half years. This leaves another 30 to 35 years of production. Depending on the model used, we could see these revenues double over the life of all these wells. This would bring the average to over $70 million/well. I would guess these wells will not model like current completions.
Most of these wells used no ceramic proppant.
Given the depth and pressure, we could see the sand crushed under the weight of the formation. This would shut off the resource to the well. There is a chance that EOG's numbers outperform due to where it drilled middle Bakken wells. Most of its wells were drilled diagonally through each mile.
This could be the best area of the shale to drill and complete, but it makes pad drilling a little worrisome.
Whiting did a nice job of planning ahead so it could infill easier, with less worry about communication between wells.
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