Saturday, August 22, 2015

The Good Ol' Days -- Flashback Two Years Ago -- Motley Fool, May 15, 2013 -- Posted August 22, 2015

From Motley Fool, back in 2013 (updated in 2014), ten (10) incredible numbers from the Bakken:
1. 14,700 square miles -- the surface area of the Bakken/Three Forks, the largest continuous crude oil accumulation in the US
2. $10 million / well
3. 45 years of reserve life
4. 600,000 boe EURs
5. $23 million in net profit per well (on average)
6. $4.3 million in taxes per well for the state
7. $2.1 million in wages over the lifetime of an average well
8. 1,000,000 bopd
9. 100,000 future wells possible
10. 96 billion bbls of oil could be recovered in primary production (and possibly more)

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