Halcon Presenting At Howard Weil Conference; HK Drills Fastest 10K Lateral Ever Drilled In FBIR, The Bakken, North Dakota: Also, Record In Williams County; Well PayOut In Six Months (Bakken); Global Warming Could Set Records This Week

Don just sent me this Halcon presentation (PDF).

I am going through it now. A big "thank you" to Don.

Disclaimer: I did this quickly and there may be errors. Note -- one cannot compare certain data points between the Bakken and TMS

Some data points:

Three plays: North Dakota (Bakken), Texas (Eagle Ford), Louisiana (TMS)

Slide 7:

• CAPEX: a 35% decrease in 2014 vs 2013
• Focus: Bakken (49%), Eagle Ford (40%), TMS (10%)
• 90% of Bakken drilling/completion allocated to FBIR
• 100% D&C allocated to "sweet spots"

Slide 9: TMS

• for all the talk, only 10% of CAPEX on TMS in 2014
• 307,000 net acres vs 142,000 net acres in the Bakken

Slide 12: TMS porosity and TOC

• TOC: 3 - 4% vs as much as 11% in the Bakken

Slide 14 (very small print, very important), re: proppant (TMS)

• Samson Oil & Gas says 1,000 lbs/linear foot is the industry standard in the Bakken
• HK: average -- 1,747 lbs/linear foot in TMS

Slide 15: spud to release

• 48 days
• NDIC says ND average is 120 days
• look to save $2.4 million/well on multi-well pad development (that is as much as three times what other operators say they are saving in the Bakken)

Slide 25: Bakken

• EURs revised higher -- now up to 
• slickwater FBIR wells
• potential for up to 16 wells per DSU in FBIR area

Slide 26: successful TF downspacing test

• Capitol Pad development plan; McKenzie County; HK with 71% working interest
• middle Bakken (8), TF1 (4), TF2 (4) [nothing in TF3 or TF4]

Slide 28: 100% of wells will be on multi-well pads; saves $1.3 million & 25 days

• saves $1.3 million
• 50% of wells will be on 6-well pads; 42% on 3- and 4-well pads

Slide 28: setting drilling records

• fastest 10,000 lateral ever drilled in FBIR (4.15 days)
• fastest 10,000 lateral ever drilled in Williams County (3.5 days)

Slide 29: EURs with slickwater -- at 180 days, 150,000 bbls

• rule of thumb: 150,000 bbls pays for the well; if so, wells are paid for in six months
• same payback as EOG

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Glabal Warming Could Set New Records

Being reported by AccuWeather. Some of these records go back to the 1950s.

Record Lows to be Challenged Wednesday Morning

 

Location	Record Low F/Year Set
Detroit	11/2001
Cleveland	14/2001
Cincinnati	13/1955
Pittsburgh	13/2001
Beckley, W.Va.	10/1955
London, Ky.	15/1955
Macon, Ga.	28/2006
Nashville, Tenn.	17/1955
Birmingham, Ala.	22/1955
Charlotte, N.C.	22/1972
Raleigh, N.C.	24/1955
Harrisburg, Pa.	22/1955
Columbia, S.C.	25/1983