CAPEX
- 2009: $27 million
- 2010: $82 million
- 2011: $261 million
- 2012: $650 million (E)
- Operating rigs: 8
- Non-operating rigs: 1 - 2
- Bakken, long lateral, 650: at $75, 38 months
- Bakken, long lateral, 750: at $75, 30 months
- Bakken, long lateral, 850: at $75, 24 months
Proved reserves: 70 million boe; 86% liquids; all hbp by end of 2013;
Full-time 24-hour dedicated frack crew; additional part-time crew as needed;
Six operating areas in the Bakken; all in North Dakota except unnamed area northeast MT; net well locations
- Polar: sweet spot north of the river, 197; hbp by end of 2013;
- Koala: sweet spot south of the river, 93, hbp by end of 2012;
- Smokey: 88; hbp by end of 2012;
- Dunn County: most net acres, 186, hbp by end of 2012;
- Grizzly: Elm Tree extension into North Dakota, 148
- Wildrose: fewest net acres; farthest north, 90
- Generally based on four MB and three TF wells/spacing unit
- 82 net locations drilled and completed through June 30, 2012
- Currently 975,000 b/d: 525/rail; 450/pipeline
- 1,400,000 b/d by year-end 2013
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.