The Million Dollar Way (The Bakken Oil Blog)

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Friday, May 22, 2015

Week 20: May 17, 2015 -- May 23, 2015

Operations
Post-boom low in active rigs: 80
60,000 bbls in one month: Enerplus well in Antelope oil field
T-Rex to buy Williston Basin acreage in Montana for $450/acre
Despite price slump, Bakken production will continue to increase

Pipeline
Too much takeaway capacity being built in the Bakken?
ONEOK to activate second lateral in pipeline from Bakken/Niobrara to Colorado

Pad drilling, new permits
Slawson, Big Bend, 11-well pad
Fidelity, Sanish, 4-well pad
BR, Newfield, Sand Creek, several multi-well pads
Oasis, Willow Creek, seven more Kjorstad wells
EOG, Clarks Creek, 12-well pad

Bakken 101
Primer on coiled tubing 
Manufacturing in the Bakken: Liberty Resources
Impact of the Bakken and Eagle Ford
How operators choke back wells with slump in oil prices

Bakken economy
Ground breaking for Watford City's $83 million event center
Dickinson to get a Cash Wish store

Humor
To be economic, the IP270 of a Bakken well must equal 50% of its EUR
Bruce Oksol at 8:35 PM
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