Saturday, October 28, 2017

Flashback To 2011 -- Look How Far We've Come -- October 28,2017

From top stories for Week 33, 2011 (many broken links; I will try to fix them):

Halliburton announces new fracture technology: RapidFrac; first used in Bakken.

A "new" look at legacy formations in western North Dakota.

Two-part series on water, fracking and the Bakken.

Best Western Plus Inn and Suites breaks ground in Williston.

North Dakota  oil production in 2011 to CRUSH previous record.

One million bbls/day by 2018.
  • Director's Cut, June 17, 2014 -- April, 2014 data --
    • production: 1,001,149 bopd
    • producing wells: 10,658
    • price of WTI: $91.75/bbl
    • active rigs: 188 (all-time high was 218 on 5/29/2012) 
  • Note: in May, 2012:
    • production: 639,277 bopd
    • producing wells: 7,036
    • price of WTI: $72.25
    • active rigs: 209  (all-time high was 218 on May 29, 2012)
North Dakota named one of America's most pro-business states (#3).

The Bakken pool.

48,000 wells in the Bakken. [In 2017, the number of wells to drill the Bakken Pool is estimated to be 60,000]

Three additional pay zones below the upper Three Forks?

Contracted rigs in the Bakken: 225.

Whiting's Hecker, a Three Forks well: 114,000 bbls in 4 months.

Slawson looking at putting 6 wells on 640-acre spacing units.

BEXP: 10 wells on a spacing unit coming.

WMB well: 20,000 bbls in 14 days; not fracked.

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