Tuesday, June 5, 2012

Whiting Has a New Corporate Presentation

The presentation includes a "new" slide: the sweet spots in the Bakken, slide 18.

In one sense, the "Bakken sweet spot" slide doesn't provide anything we didn't already know: some spots are better than others. But in another sense, I am somewhat surprised: there are a lot more sweet spots than I would have thought. A lot more. But they are discreet, which again, in a continuous reservoir, is counter-intuitive.

The presentation includes Sanish Field area gathering system and Robinson Lake gas plant -- slide 21.

The presentation includes Pronghorn Field area gathering system and Belfield gas plant -- slide 22: note -- Whiting is calling their Pronghorn Prospect the "Pronghorn Field" which has been noted earlier. NDIC will address this nomenclature, if I recall correctly. There is an NDIC-designated Pronghorn oil field near Alexander/Watford City, in McKenzie County.

The proposed pipeline parallel to and well south of I-94 is of special interest. This is where Chesapeake controls a lot of acreage.

Slide 23 shows up to 1.292 million bbls of takeaway capacity by the end of 2013. Whiting suggests we have 1.102 million bbls of takeaway capacity by the end of 2012. Currently, "we" have 690,000 bbls takeaway capacity.

2 comments:

  1. The only "presentation/map" that I can find that has any reference to the Pronghorn is GI-136-1 from the www.dmr.nd.gov website....maybe you have seen it?....what is your take of the overlays on the bottom of the page of that presentation? Do they somehow translate to where some of the Pronghorn member is?....maybe you know of other maps/etc that reference the Pronghorn? The Whiting proposed oil/gas pipeline continues to be shown in the southern half of the county, which seems to imply they will expand the derisked area to the south. Thanks for any info you may have...

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    Replies
    1. 1. For others who are following this discussion, the presentation referenced above is found at this site: https://www.dmr.nd.gov/ndgs/bakken/bakkenthree.asp

      2. Remember, I am an amateur at all this. The third map over, on the linked presentation above, certainly seems relevant to the area under discussion.

      3. I think this is developing faster than even Whiting expected. Remember, the Pronghorn Prospect was carved out of the Lewis&Clark. In Whiting's most recent corporate presentation (which I linked today), this is the first time that Whiting has publicly separated the Lewis&Clark from the Pronghorn Prospect on their corporate presentation.

      4. I agree with you; the proposed pipeline (south of the interstate) suggests Whiting is looking a lot farther south than first suggested (and I posted that thought earlier today).

      5. I have listed the oil fields that I think are in the Whiting Pronghorn Prospect, and have asked for help in clarifying; to date no one has contradicted what I've posted. The post is here: http://milliondollarway.blogspot.com/2012/05/reminder-ndic-oil-fields-inside.html

      6. Whiting will help us out with this. They are designating their wells that are targeting the Pronghorn Sand with a "PH" designation.

      7. Right now, I consider any Whiting well twelve miles north or twelve miles south of the area between Dickinson/Belfield (and inclusive) as part of their Pronghorn Prospect unless evidence to the contrary.

      8. In Whiting's current corporate presentation, the first one in which they separate the Pronghorn from the L&C (http://milliondollarway.blogspot.com/2010/10/areas-of-interest-in-bakken-by-producer.html):
      Sanish/Parshall: 83,000 net acres for Whiting
      Pronghorn Prospect: 121,402 net acres for Whiting
      Lewis & Clark Prospect: 128,370 net acres for Whiting

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