CLR, Investor and Analyst Day, September, 2014
Updated Bakken OOIP and Estimated Recovery
Updated Bakken OOIP and Estimated Recovery
Slides 20 - 21
Did CLR change the size of the Bakken Pool reservoir. At least two earlier CLR presentations suggested a trillion-bbl reservoir.
Slide 20: CLR updated estimates
- 413 - 643 billion bbls OOIP (P50 - P10)
- estimated recovery factor: ~ 15%
- potentially recoverable reserves: 62 - 96 bbls of oil (note -- not boe, but "bo")
Slide 21: Potential undrilled net wells
- 2012, analyst day: 9,200 wells
- 2014, analyst day: 11,800 wells of 600K+ boe
- 8+ years of 600K+ boe wells
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