I posted much of this data when the presentation first came out but it's interesting to look at it again.
Data points, with emphasis on the Bakken; go to the linked presentation for more on the Delaware (Permian). Much of this was previously posted from a previous presentation, so much of it will not be repeated, (some personal comments):
- top tier assets: Permian and Bakken
- Williston:
- 518K net acres
- >90% held by production
- inventory substantially all operated; Williston, 100%; Permian, 90%
- 1,614 locations economic @$45 WTI and lower in the Williston Basin
- (1,614 locations at current max rate of drilling/completing: 14 years of inventory; but remember, these 1,614 locations are those that are economic at $45)
- core Bakken production continues to improve; >70 mboepd in October; 72 mboepd in November, already surpassing planned 2017 exit rate
- exit rate for 2018:
- Williston: 83+ mboepd
- Delaware (Permian): 5 mboepd
- 2018 development plan:
- Williston
- expect to drill and complete 100 - 120 operated wells
- 5 rigs throughout the year
- wells costs about $7 million (less for 4mmlb; more for 10mmlb)
- 120 wells x $7 million = $840 million
- Permian
- expect to drill 16 to 20 wells; complete 6 to 8 wells
- 1 rigs initially with potential to add a second in 2H18
- Hess Corporation will spend $900 million to drill 120 wells with six drilling rigs and completing 85 wells in 2018 in the Bakken
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Faces In The Crowd
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