CLR Has Posted Its 3Q18 Presentation

Link here.

"First-look" highlights as I scroll through quickly.

Bakken:

• 35 slides
• 20 - 24% annual production growth yoy; Bakken, up 23% yoy
• production, record CLR quarter: 167,643 boepd; 128,497 bopd
• "2018 ramp": up to 70% Bakken wells yet to be completed; these 70 wells would represent about40% of CLR's total for 2018 -- wow!
• CLR says it has lowest cost structure among 12 peers
• Bakken returns better than ever
• all CLR top-10 30-day rate Bakken wells were drilled in the past 12 months
• 42 completions in 3Q18: 3,013 boped average per well
• EUR-type curves with optimized completions: 1.2 million boe
• compare with 980K in 2017; 800K in 2015; 603K in 2014; and, 409K in 2011
• 8 rigs drilling in the Bakken; an increase of two since last report
• 2 stim crews working; will have 4 stim crews at YE 2018
• in the Bakken, CLR is the #1 producer
• producing 12% of ND Bakken production
• produces about 150,000 bopd
• next nearest producer: 105,000 bopd
• 800,000 net reservoir acres
• 4,000+ Bakken wells in inventory
• two more 30-day rate Bakken wells added to top ten list
• Wiley 8-25H (#33112) -- Pershing -- see below
• Mountain Gap 3-10H (#33557) -- Rattlesnake Point -- see below
• wow, the 60-stage completions are now exceeding the 1,200 mboe EUR type curve (slide 8)
• more and more wells in the Bakken producing greater than 100 mboe in 90 days 

SCOOP/STACK

• 3Q18 production: 120,246 boepd
• 1.2 mboe EUR-type curves; some exceeding even those incredible rates

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Mountain Gap 3-10H (#33557) -- Rattlesnake Point, t7/18; cum 79K after 1.5 months:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2018	31	44755	44888	42139	49192	48687	100
BAKKEN	7-2018	18	32649	32184	32629	34761	21497	13029
BAKKEN	6-2018	0	0	0	0	0	0	0
BAKKEN	5-2018	0	0	0	0	0	0	0
BAKKEN	4-2018	6	1722	1722	6867	1933	0	1933

Wiley 8-25H (#33112) -- Pershing (still confidential):

Date	Oil Runs	MCF Sold
8-2018	45114	79898
7-2018	52930	90387
6-2018	12113	19086
5-2018	2128	0