Brigham was the first to use 40 stage fracs, and because of this had 9 of the top 10 IP rates in the Williston Basin. Other producers have started to get more aggressive and because of this, I believe we will get significant revisions upward in estimated ultimate recoveries or EURs.I agree. For newbies, when I first started blogging about the Bakken, EURs were in the 400,000 range. I noted a gradual increase to 600,000 and some corporate presentations suggest 900,000 bbl-EURs in the best Bakken. I am convinced we will see some 1,000,000 bbl-EURs.
For newbies, check out EOG's Austin wells in the Parshall oil field.
Does this and and 2,560 spacing units mean ultimately less wells? Or does this mean a higher recovery and ultimately more benefit for ND?
ReplyDeleteThe number of wells will ultimately depend on the economics of the wells.
DeleteSee: http://www.ryderscott.com/Newsletters/index.php
And then click on the June, 2012, newsletter. Although that article looks at the risk of downspacing, it provides some background to "economics" of oil wells.