CLR: Testing The Three Forks -- Time Frame

CLR has announced three separate plans to test the Three Forks.

The last of the plans will be executed between March, 2013, and March, 2014. Although we will get some indication of the potential of the lower Three Forks benches once the IPs are reported, it will probably take up to a year to determine the EURs of these lower bench Three Forks wells.

At the 2012 conference in which these three plans were announced, CLR also said they planned to increase production 3-fold by 2017, and to triple proved reserves by 2017.

There's a lot of talk that Bakken-centric operators are entering the manufacturing stage in the Williston Basin. For some operators, that may be true. For others, it appears, they are still in the exploration phase, though cash flow will obviously be generated by a manufacturing/mining phase/segment.

For more background to this post, click here.