How good is the Bakken?
In its most recent presentation, Apache presents data of its plays. The data is below. I did not include Kenya Deepwater (like New Zealand and Cook Inlet, no data available, at least that I could).
I assume that as Whiting's Three Forks data from the southwest area of North Dakota comes in, the EUR will improve, as will the ROR. The Three Forks wells from the Sanish, farther north in North Dakota, have not been as impressive as the middle Bakken.
The Liard Basin is a natural as play. Look at the cost of those wells (cost in million of dollars).
I believe the data below is correct, but it is not a cut and paste from the Apache presentation, so there could be errors.
| Play | Cost ($mm) | EUR | ROR | |
|---|---|---|---|---|
| Liard Basin | 35.4 | 66 bcf | n/a | |
| Vaca Muerta Oil | 11.4 | 329 mboe | 17% | |
| Mississippi Lime | 3.5 | 320 mboe | 65% | |
| WB Middle Bakken | 7.6 | 670 mboe | 106% | |
| WB Three Forks | 7.6 | 377 mboe | 37% | |
| New Zealand | n/a | n/a | n/a | |
| Cook Inlet | n/a | n/a | n/a |
