Brooklyn Oil Field -- Update

The Brooklyn oil field is tracked here. 

The graphic:

Compare this graphic with the graphic of the Brooklyn oil field from October, 2018.

Brooklyn oil field, as of June 2, 2019:

• 142 permits
• 141: CLR permits
• 1: Kraken permit
• status of wells/permits
• active wells: 94 wells (all but one CLR wells)
• on confidential list: 15 wells
• on drl status: 8 wells
• dry wells: 2
• permits only (LOC): 8 
• DUCs: 12
• PA: one
• PNC: 2

Prospects:

• 36 sections
• 18 1280-acre drilling units
• perhaps as many as 9 2560-acre drilling units

• 18 1280-acre spaced wells
• two formations (8 MB + 8TF1): 18 x 16 = 288 wells
• three formations (8MB + 8TF1 + 4TF2):   18 x 20 = 360 wells
• four formations (8MB + 8TF1 + 4TF2 + 6TF3): 18 x 26 = 468 wells

• 9 2560-acre spaced wells
• two formations (2 MB + 2TF1): 2 x 4 = 8 wells 
• three formations (2MB + 2TF1 + 1TF2):  2 x 5 = 10 wells
• four formations (2MB + 2TF1 + 1TF2 + 2TF3): 2 x 7 = 14 wells

Bottom line:

• 36 sections
• 6 sections with very little activity to date (but that will change quickly)
• 30 sections averaging no more than 8 wells/section
• currently about 137 wells (active, conf, drl, permits (LOC), DUCs)
• projected minimum: 300 wells in the Brooklyn oil field (about twice where we are today)
• projected possible: nearly 500 wells in the Brooklyn oil field

Production

• average EUR of 500,000 bbls of oil/well (30 years of primary production)
• 150 wells x 500,000 bbls = 75,000,000 bbls of oil from the Brooklyn oil field

Disclaimer: I am inappropriately exuberant about the Bakken. The estimated prospects are at the "high" end of what I think is possible or likely.