Updates
September 1, 2012: time is up. Essays should have been handed in by now. The answer is posted here.
Original Post
Some random data points, and then a one-question quiz.
- Lately it has been reported that the wells in the Bakken are getting very expensive to drill/complete. Some have even said the high costs of a Bakken well are "ruining" the Bakken.
- It used to take, on average 45 to 60 days to drill a well to total depth. Now, Lynn Helms says operators are getting to total depth in 20 days. I posted one well today that got to total depth in 13 days.
- It is also generally agreed that fracking takes much less time now than it used to. (That data is a bit harder to come by.)
- I can't say for sure, but it appears that the IPs are consistently better than a year ago.
This question is for newbies only. I am looking for two specific reasons, which are both very unrelated to each other.
I will not consider "inflation" as an acceptable answer.
