This was posted earlier but a stand-alone post is more appropriate for the archives.
MarketRealist has a huge report on Whiting. Link here -- data points --
- 1Q18: production
- Williston Basin: 103,100 boepd (81% of company's total production)
- total production: 127,100 boepd
- 1Q18: wells
- drilled 24 in the Bakken; drilled none in it Redtail, DJ Basin, play
- put 19 wells into production in the Bakken; six into production in the DJ Basin
- future
- focusing on the Bakken
- may sell its Redtail assets
- CAPEX budget of $600 million
- Williston basin production is forecast to increase 14% year-over-year
- efficiencies discussed at the link
- CLR and WLL down to 8 - 10 days to reach TD after spud
- completion costs
- 2014: $9.1 billion
- 2018: $6.8 billion
- New:
- DAPL a "game-changer"
- it's the best destination to send crude from North Dakota
- it gets to Texas and then goes to the LLS crude oil markets, which trade closer to the Brent
- North Dakota's total production is about 1.2 million bopd and the pipeline by itself carries 1.4 million bopd
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