Monday, December 3, 2018

Bakken 2.0, 2.5, and 3.0 -- December 3, 2018

From FAQs.

82a. What do you mean by Bakken 2.0? See this post. Important data points:
  • October 19, 2016: the beginning of Bakken 2.0
  • the event that triggered the Bakken 2.0 designation: the SM Energy announcement that it was selling some Bakken acreage/assets to Oasis
  • it appears Permian Shale 2.0 began with the WPX, Noble, and XOM announcements regarding acquisitions in the Permian -- late 2016/early 2017
82b. What do you mean by Bakken 2.5? See this post.
  • Bakken 1.0: began in the summer of 2007; it was originally tagged "Bakken101" and I continue to use the "Bakken101" tag 
  • Bakken 2.0: October 19, 2016
  • Bakken 2.5: April 10, 2018 -- correlates/corresponds with CLR's new completion strategies; North Dakota crude oil production to set new records; increased focus on the Permian vs the Bakken
  • Bakken 3.0: when the new USGS Bakken survey is released  
Bakken 101: across all "eras."

Unconventional 1.0; 2.0; and, 3.0 -- WoodMac.

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