- #1 producer in the Rockies (according to RMOJ)
- #1 producer in the Williston Basin (according to RMOJ)
- #1 producer in the Bakken (according to RMOJ)
Cash margins:
- 1Q13: 74%
- 2012: 73%
- 2011: 75%
- 2010: 73%
- 2009: 69%
- 77,000 boepd net for 1Q13
- 22 CLR operated rigs
- 3,439 locations (net unrisked potential; based on 320-acre spacing)
- 1.2 million net acres, 1Q13; 25% yoy since 1Q12
- 24 billion boe technical recoverable: 24 BBoe = 2BBo (3.5%) +4 Bboe natural gas at 320-acre spacing; does not include any reserves from the lower TF benches
Now: estimate +57%; 903 BBo in place (2012)
- 32 BBo recoverable at 3.5% (unless otherwise stated, CLR uses 3.5% recovery rate)
- 36 BBo at 4%
- 45 BBo at 5%
Bakken producers at MB, TF1, TF2, and TF3
Special projects, tests, pilot projects
- Productivity project: 20 gross wells; $123 million net cost
- Pilot density projects (2): 34 gross wells, 3 -320-acre density tests; one 160-acre density test, $36 million, 13 gross wells;
- non-operated CWC: $11.3 million
- operated CWC: $9.2 million
- targeted CWC: $8.2 million
- actual CWC: $8.3 million (average) as of April, 2013
- Bakken: almost 50% of each barrel of oil --> gasoline
- WTI: about 30$ of each barrel of oil --> gasoline
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