CLR: New Corporate Presentation, Dated August 7, 2013

Updates

August 8, 2013: a reader suggests the delineation of the LOWER Three Forks by CLR could be the story of the year, 2013. I can't argue. It's a much bigger story than I think folks realize.
 

Original Post

Link here for the PDF file.

Some quick data points (most numbers rounded for easier recall):

• one million acres in the Bakken, North Dakota
• one million boe reserves
• current production: 150,000 boepd

Leading the delineation of the lower Three Forks

• CLR: 13 wells targeting the lower TF
• EOG, COP, XTO, ZEN: 5 well total targeting the lower TF

Total lower Three Forks wells tested (all operators):

• TF2: 10 wells
• TF3: 6 wells
• TF4: 2 wells

Key observation: the lower Three Forks has little faulting or structure; production interference can occur in areas with severe faulting and natural fracturing (think Monterey Shale in California)

Charlotte unit testing completed, McKenzie County, west of the Nesson anticline:

• TF2 and TF3 proven productive
• no evidence of production interference between wells in the Charlotte unit

Colter unit lower TF testing, Dunn County, east of the Nesson anticline

• Colter TF3 producing at 1,750 boepd at 3,200 psi with no indication of pressure drawdown