Tuesday, August 23, 2016

FAQ: How Much Oil Can One Reasonably Expect That A Bakken Well Will Produce Over The Lifetime Of That Well?

In shorthand, or in "oil jargon," one is asking what is the EUR of a typical Bakken well.

March 27, 2018: CLR presentation --

  • 2011: 430 mboe
  • 2014: 603 mboe
  • 2015: 800 mboe
  • 1H17: 980 mboe
  • 2018: 1,100 mboe; payout period down to ten months
August 23, 2016: from the Whiting presentation at the Enercom Conference --
  • Whiting's enhanced completions are tracking 900,000 boe EUR-type curves
  • non-enhanced completions are tracking 700,000 boe EUR-type curves
  • enhanced completions are defined as using over 5 million pounds of sand / well
  • the 900,000 boe EUR-type curves are for enhanced wells drilled since January 1, 2015, with 200 days of production
  • the data is from 48 enhanced wells across six counties: Billings, Dunn, McKenzie, Mountrail, Stark, and Williams
August 23, 2016: from CLR's corporate presentation released August 23, 2016 --
  • 2015 average EUR: 800,000 boe EUR (normalized to 9,800-foot lateral)
  • 2016 average EUR: 900,000 boe EUR(normalized to 9,800-foot lateral)
  • enhanced: 30 stages
  • 2016 DUCs: 850,000 boe EUR

No comments:

Post a Comment