CLR's February, 2012, corporate presentation, data points (some numbers rounded):
- 901,098 net acres; down slightly from 2Q11 data -- 901,370 net acres
- 22 rigs in North Dakota; down 1 from previously announced 23
- EUR: 603K boe per well
- 4Q11: 75,219 boepd production
- early January: 80,000+ boepd
- proved reserves: 40% growth yoy; 500 million boe proved reserves
- three Bakken formations: payzone -- generally the middle Bakken
- four Nisku (Three Forks) formations; Charlotte 2-22H; 1st successful test of a deeper TF bench; 1,496 boepd in 1-day test
- 2nd test of this deeper TF bench: Sunline 11-1TF-2SH; 1,023 boepd
- Huge footnote on slide 9: "CLR estimate of recoverable oil and gas (24 billion boe) includes only Middle Bakken and upper Three Forks. Lower TF benches should be additive."
- Montana Bakken: 2-rig program
- Single well: $8 million, 603K EUR
- ECO-Pad well: $7.2 million, 603K EUR
- $50 oil: 15 - 20 percent
- $70 oil: 25 - 30 percent
- $90 oil: 40 - 45 percent
- Dvirnak-Pletan: 1,838 boepd
- Bailey-Wiley: 1,105 boepd
- Hamlet-Salo: 811 boepd
- Original dual-zone plan: 8 wells per 1,280-acre unit; 4 middle Bakken; 4 TF; 603K boe EUR per well
- Additional Three Forks potential: total TF 180 to 270 feet thick
- Words don't do the graphic justice; if serious about the Bakken or CLR, you need to look at this slide yourself
Total cash cost/boe (slide 18)
- 2008: $17.20
- 2009: $15.01
- 2010: $17.12
- 2011 (first 9 months): $19.73 (Newfield is right: it's gotten a lot more expensive to drill in the Bakken)
Swaps and Collars (oil)
- 4Q11: $80 - $97
- 2012: $80 - $97
- 2013: $80/$95 - $92/$110
- 4Q11: $5.40
- 2012: $5.07
