Friday, August 24, 2018

Wow, What A Great Way To Start The Day: An Update On The Bakken -- Mike Filloon Over At Seeking Alpha -- August 24, 2018

Link here.

  • the Bakken continues to push ahead benefiting from higher oil prices
  • Marathon has made positive changes and has the best oil production per location with its well design on completions from 6/2017 to 6/2018
  • MRO's design improvements have increased revenues by approximately $1.3 MM/well
  • MRO is beginning to see its core increase to the west, adding high end locations for future development

Staggering. On an individual well basis, I don't think the Permian has anything that can compete with the Bakken. Note the EUR type curves at the linked article.

Disclaimer: I am inappropriately exuberant about the Bakken.

Note to self: memo to Art Berman and Janet Nielson.

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