Wednesday, August 6, 2014

CLR Has A New Presentation -- August 6, 2014

CLR has a new presentation.

Data points:
  • 2Q14 Bakken production: 108,573 boe
  • completed industry's first full-field development in prolific Antelope area (MB, TF1, TF2, and TF3)
  • successfully completed three 1,320-foot density pilots since beginning density pilot program: Hawkinson, Rollefstad, and Tangsrud
  • completed the first 660-foot density pilot at the Wahpeton unit
  • three additional planned 660-foot density pilots to be completed: Lawrence, Mack, and Hartman
  • average completed well costs: $8.0 million (FY13 target) met; fiscal year 2014 target: $7.5 million
  • CLR continues to model the 603K EUR well as the average
  • better EURs projected with slick water completions
    • Madison 2-28H: after 29 days, 35% higher than 603K; 50% higher than neighboring wells
    •  Sacramento 2-10H: after 192 days, 50% higher than 603K; 60% higher than average of neighboring wells
  • both the Madison and the Sacramento wells are located in Williams County, east of Williston
  •  the graph at slide 9 (Sacramento, Madison wells) is quite stunning
  • large proppant volume & slick water providing better completions
    •  large proppant volume, 3 test wells: 39% higher than 603K average; 30% higher than neighboring wells
    •  slick water, 3 test wells: 35% higher than 603K average; 25% higher than average of neigboring wells
  • incremental cost of enhanced completion designs estimated at $1.5 to 2 million
  • Rest of presentation relates to the SCOOP
Long term: has CLR moved average Bakken/Three Forks well from 603K to 815K EUR (low end)? (using new completion techniques)


  1. I have a question regarding CLR. In the January 14, 2014 NDIC hearing docket, CLR applied to amend the field rules to drill up to 14 wells in 3 seperate fields in northern Williams county. In these 3 fields they stated the wells would be in various "Zones" identified as Zones I, II, II, IV, V and VI.
    My question is what/where are those zones? I'm assuming they are Baken and TF, but why so many zones?

    1. Zones are not formations. Zones are administration spacing units within a named oil field. I discuss zones at this page:

      Scroll down to question 29.