How Much Work Left in The Bakken -- North Dakota, USA

If you want to get a sense of how much work there is left to do in the Bakken, take a look at Continental Resources' most recent presentation, and scroll down to slide 13.

At 640-acre spacing, CLR has drilled about 13% of all the wells they project that they will drill (assuming they don't pick up more acreage, an unlikely assumption).

At 320-acre spacing, CLR has drilled about 7% of the wells they project that they will drill (assuming they don't pick up more acreage, an unlikely assumption).

At 640-acre, dual reservoir spacing: potentially 1,663 net wells.

At 320-acre, dual reservoir spacing: potentially 3,394 net wells.

Incredible. (If I understand slide 13 correctly.)

And that's one company in the North Dakota Bakken, albeit the one with the most acreage, I believe.