CLR's Well-Spacing Pilot Projects -- Previously Posted

CLR's May, 2013, corporate presentation (this is a dynamic link, and the presentation will change over time), a PDF:

Slide 31: CLR's 160-acre density spacing for the middle Bakken and Three Forks formations. I've seen this slide before and I think I've even posted links to it with comments. Some observations:

the 320-acre spacing pilot project

• long laterals on 1280-acre spacing units
• 4 wells per formation (that's where the 320-acre spacing comes from: 1280 acre/4 = 320 acres)
• 4 formations (MB, TF1, TF2, TF3)
• 23 net wells across three pilot projects
• $123 million net cost/23 net wells = $5.3 million/well

the 160-acre spacing pilot project

• long laterals on 1280-acre spacing units
• 8 wells per formation (that's where the 160-acre spacing comes from: 1280 acre/8 = 160 acres)
• 4 formations (MB, TF1, TF2, TF3)
• 6 net wells - one pilot project
• $36 million net cost/6 net wells = $6 million/well