Thursday, February 22, 2018

Interesting Slide From Recent Denbury Presentation -- February 22, 2018

Link here.

The Cedar Creek Anticline (CCA) is located in Montana, just across the state line from the very southwest corner of North Dakota. (It extends a bit into southwestern North Dakota.)

According to slide 10 of 23 of the company's presentation, Denbury has 600,000 acres in several plays across the United States, including in North Dakota, Montana, Wyoming, Mississippi. Among those plays, their Mission Canyon-Pennel play in the CCA (southeast Montana) is the most promising (highest probability of success among its many plays; high productivity potential).

Slide 11 of 23 is most interesting. In the CCA, Denbury reports a successful Mission Canyon, de-risking a multi-well follow-on program.

Their successful well was a short lateral (4,800 feet) that required no fracking (typical for Mission Canyon wells in North Dakota, but usually vertical wells). The well had a 30-day IP rate of 1,050 bopd; a preliminary EUR of 400,000 bbls oil but will be updated when sufficient production history is established. The graph:


The follow on wells appear to be in Montana but some folks in southwestern North Dakota might be able to see the rigs and/or from their back porches.

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The Art Page

Mom, dad, Sophia and her two sisters (Sophia is in the middle):

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