BEXP, some data points:
- Slide 4: compare number of well completions/qtr (BEXP, CLR, WLL) -- remember, BEXP has less than 10 rigs; CLR has 22 rigs -- maybe more on this later
- Slide 6: cumulative totals/time keeps increasing -- and it's not insignificant
- Slide 12: decline rate; still pumping 30 boepd 16 years out
- Slide 22: net acreage in Williston Basin for "all" operators; agrees with my site almost across the board
Continental Resources, CLR, some data points:
- Slide 10: finally some good numbers on spacing (feet) between laterals and fracking; every time I see this slide, I pat myself on the back; I believe I was the first layperson to point out that fracking appeared to have an effective radius of 500 feet; that, and 90 cents will buy a cup of coffee
- Slide 19: $20.08/bbl --> total cash costs for a Bakken bbl of oil
KOG, some data points:
- Slide 5: average boed in 1Q11 --> 2,000 boepd; average in 2011 --> 6,000 boepd; not insignificant
- Slide 8: nice map of prospects
- Slide 9: 5 to 7 wells on each 1280-acre spacing unit depending on prospect
- Slide 10: $8.5 to $9.0 million to complete a well; seems a bit on the high side compared to others
- Slide 12: By all parameters, wells have improved immensely since 2009; learning curve steep
There is way too much for me to cover in a short period of time, so I appreciate anything from readers that pops out at them regarding these new presentations. Comment below anonymously.
