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Saturday, September 20, 2014

Slides 20 - 21; Updated Bakken OOIP And Estimated Recovery; CLR Analyst Day Presentation

CLR, Investor and Analyst Day, September, 2014
Updated Bakken OOIP and Estimated Recovery
Slides 20 - 21

Did CLR change the size of the Bakken Pool reservoir. At least two earlier CLR presentations suggested a trillion-bbl reservoir.
Slide 20: CLR updated estimates
  • 413 - 643 billion bbls OOIP (P50 - P10)
  • estimated recovery factor: ~ 15%
  • potentially recoverable reserves: 62 - 96 bbls of oil (note -- not boe, but "bo") 
Slide 21: Potential undrilled net wells
  • 2012, analyst day: 9,200 wells
  • 2014, analyst day: 11,800 wells of 600K+ boe
  • 8+ years of 600K+ boe wells

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