Data points:
- 2Q14 Bakken production: 108,573 boe
- completed industry's first full-field development in prolific Antelope area (MB, TF1, TF2, and TF3)
- successfully completed three 1,320-foot density pilots since beginning density pilot program: Hawkinson, Rollefstad, and Tangsrud
- completed the first 660-foot density pilot at the Wahpeton unit
- three additional planned 660-foot density pilots to be completed: Lawrence, Mack, and Hartman
- average completed well costs: $8.0 million (FY13 target) met; fiscal year 2014 target: $7.5 million
- CLR continues to model the 603K EUR well as the average
- better EURs projected with slick water completions
- Madison 2-28H: after 29 days, 35% higher than 603K; 50% higher than neighboring wells
- Sacramento 2-10H: after 192 days, 50% higher than 603K; 60% higher than average of neighboring wells
- both the Madison and the Sacramento wells are located in Williams County, east of Williston
- the graph at slide 9 (Sacramento, Madison wells) is quite stunning
- large proppant volume & slick water providing better completions
- large proppant volume, 3 test wells: 39% higher than 603K average; 30% higher than neighboring wells
- slick water, 3 test wells: 35% higher than 603K average; 25% higher than average of neigboring wells
- incremental cost of enhanced completion designs estimated at $1.5 to 2 million
- Rest of presentation relates to the SCOOP
I have a question regarding CLR. In the January 14, 2014 NDIC hearing docket, CLR applied to amend the field rules to drill up to 14 wells in 3 seperate fields in northern Williams county. In these 3 fields they stated the wells would be in various "Zones" identified as Zones I, II, II, IV, V and VI.
ReplyDeleteMy question is what/where are those zones? I'm assuming they are Baken and TF, but why so many zones?
Thanks.
Zones are not formations. Zones are administration spacing units within a named oil field. I discuss zones at this page:
Deletehttp://themilliondollarway.blogspot.com/p/faq.html
Scroll down to question 29.