Tuesday, June 21, 2011

Reminder: Another Bakken Blog -- DrillingInfo -- Comment About Hess

I'm not sure if I've mentioned this "blog" before, but it may be another nice site to follow activity in the Bakken.

I've placed it in the sidebar at the right, far down under "external links."

The blog did a nice synopsis of Hess' strategy in the Bakken to "hold by production" their leases:
One other very interesting point which was discussed is the shift away from dual laterals.  Hess has been touting the same dual lateral stats for over a year.  $10-$11MM/dual lateral, 1 MMBOE / dual lateral EUR.  According to Hess, they are moving towards single laterals for HBP purposes.  This will go on for about 18 months.


Single lateral stats with an 18-22 stage job are as follows: $7-$7.5MM per, 550 MBO per, 30-Day IP of 700-750 bbl/D.

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