Monday, December 3, 2012

EOR - CO2 -- Bakken -- Being Studied

Link to The Bismarck Tribune.com.

It's hard to get a handle on the "official" estimates of original oil in place in the Bakken, but it appears that the "official" estimates have increased,

Link here to an earlier discussion of OOIP: about 150 billion bbls.

Now, in the story linked at the top of this post, it appears "they" have increased this estimate to 170 billion bbls.

These numbers (150 billion bbls and 170 billion bbls) are still significantly less than what Leigh Price originally suggested and what Harold Hamm appears to be suggesting.

Everyone agrees that with primary production, "we" are recovering somewhere between 2 percent and 8 percent of the OOIP in the Bakken Pool.

Harold Hamm has opined that as much as 24 billion bbls is recoverable from the Bakken Pool.

There are estimates that, before it's over, 50,000 wells will be drilled into the Bakken. The average EUR in the Bakken is estimated to be 500,000 bbls.

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