Link here. Data points:
- Whiting reduces frack sand by 30% per well
- reduces capex by about $400K per well
- Bakken holds on to top spot among IRRs -- "So, what don't you want." Link here.
Whiting is one of the largest producers in North Dakota's Bakken Shale where it holds more than 400,000 acres. In the company's Hidden Bench play, located in the core of the Bakken in McKenzie County, it has been able to reduce proppant by about 50% and still maintain similar rates of production. It discovered that it could achieve the same production levels on new wells using 7.3 million pounds of sand as it did with 15.2 million pounds.If the only thing you have is a hammer, everything looks like a nail.
If you "work smart," you may not need a hammer.
This is an incredibly good article. Archived.