Wednesday, September 24, 2014

Update On Density Pilot Projects In The Bakken, September 24, 2014

September, 2014
Slides 25 - 34

Six producing density pilots
CLR: 4
  • 1,320 feet: Hawkinson, Rollefstad, Tangsrud
  • 660 feet: Wahpeton
KOG: 2
  • 800 feet: Polar and Smokey
Seventeen (17) future pilots in progress/announced
  • CLR: Mack, Lawrence, Hartman 660's
  • COP: 6 density pilots
  • KOG: 1 density pilot
  • OAS: 2 density pilots
  • WLL: 5 density pilots
Testing: 4 - 8 wells per zone (formation, bench)

LTF: 15 of the 23 pilots include wells in the lower Three Forks

Hawkinson:
  • staggered, not stacked
  • industry's largest microseismic project
  • full DSU development validated (4 zones on 1320-foot spacing)
  • average well performance exceeds 603K boe model by 50%
  • project ror>100%
  • no lateral communication on 1320-foot spacing in middle Bakken and Three Forks
Slide 27 is incredible, for the Hawkinson:
Note the 250K EUR at 400 days (~ one year) for Three Forks vs 210K EUR for the middle Bakken; the area average is much higher for the middle Bakken than the Three Forks at the current time (3 wells MB vs ~ 8 TF wells which includes all 3 benches
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