Ten Incredible Numbers From The Bakken -- Motley Fool

I will post the ten incredible numbers later, if I remember.

1. The Bakken/Three Forks covers 14,700 square miles, the largest continuous crude oil accumulation in the US.

2. Wells cost between $7 and $11 million. Whiting claims to have some of the least expensive; CLR is coming down in price; KOG is still on the high side.

3. Wells are expected to last 45 years. [For investors: go to the link for an interesting take on this statistic.]

4. EURs in the neighborhood of 350,000 to 750,000 bbls of oil. In the best Bakken, independent analysts suggest the number could be as high as a million bbls.

5. Net profit: $23 million over the life of the well.

6. Over $4 million in profit/well.

7. Over $2 million in wages paid/well.

8.  Almost 800,000 bopd. Some expect 1,000,000 bopd by next April. Many doubt that will happen. I don't think we will see 1,000,000 bopd until late next summer. Some are saying this next winter could be pretty severe. Some say the Bakken will top out at 1.5 million bopd.

9. 50,000 wells to drill the Bakken/Three Forks. Currently about 5,000 have been drilled. One can do the math.

10. The Bakken/Three Forks potential was recently doubled by the USGS.