Part III
Part IV
Part V
Oasis
- Bakken acreage: 303,000 net acres
- Drilling program: 22 years of drilling inventory; 7 rig program; 9th by 2H11; will go to 12
- Production, daily: 7,800 boepd
- Biggest news: explains Oasis Well Services; saves $1 million/well
- Comment: drilling inventory -- 1,303 locations, 772 operated
- Comment: increasing stages --> higher EURs (BEXP suggested that some time ago)
- Comment: reaching total depth in 16 days
- Comment: $9 million wells; 36-stage; plug and perf
- Comment: takeaway exceeds production; 543K vs 426K
Whiting:
- Bakken acreage: 639,137
- Drilling program:
- Production, daily: 31,100 boepd
- Comment:
- Comment:
- Comment:
BEXP:
- Bakken acreage:
- Drilling program: 18
- Production, daily: 13,000 (3Q11)
- Comment: density pilot -- 5.5 wells in one spacing unit
- Comment: two dedicated frack crews; ratio needs to be at least one frack crew per rig
- Comment:
- Bakken acreage: 266,000
- Drilling program: 5 rigs; 6th late 3Q11; 7th by year-end
- Production, daily: 8,000 boe/d
- Comment: Re-fracking a great well; Franchuk 34-19SWH, original IP 2,006
- Comment: Capital/BOE -- $17.85; avg op cost over life/bbl -- $5.75
- Comment: Bakken inventory -- 350 million bbls
CLR:
- Bakken acreage:
- Drilling program:
- Production, daily:
- Comment:
- Comment:
- Comment:
- 35,524 (Enercom Conference, August 16, 2011)
- Previously: 26,087 net acres (North Dakota and Montana)
- New acreage a bit more southwest of original acreage, Billings County
- Focus: Three Forks -- GMXR opines that TF may be superior to the Middle Bakken
- 1 rig in July 2011; to add 2nd rig in 1Q12
Other Input
Because I am not able to keep up with everything in this conference while I am traveling, I will place here items sent to me from other readers regarding the conference. I cannot vouch for everything below, but input comes from reliable sources.
CLR:
- 25 rigs by early 2012
- All wells should be 8 wells/spacing unit
- Average EUR: 603,000 (this was first stated about a month ago)
- Translates to 4.85 million boe/spacing unit
- 6 rigs on an Eco-Pad
- Cored 5 wells all the way through Bakken and TFS to hit the andrite zone below
- Charlette 2-22 is a discovery well
- Three additional pay zones below the Upper Three Forks?
- Good success in Elm Coulee; may expand the EUR of 403,000 boe
- 2 rigs in Montana's Elm Coulee; want to go to 3 or 4 more next year
- 900,000 acres; all but 80,000 de-risked
- Doing everything to hold by production
Legacy Oil and Gas presentation here -- a PDF file.
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