Bakken: Costs Have Come Way Down -- September 9, 2020

I would assume the top three costs for drilling and completing a well:

• time: the total amount of time a rig and a fracking team spends on site
• fracking: two components -- amount of time it takes to frack and amount of proppant
• after that, everything else
• the operators have probably reached the lower limit of number of days on site to drill a well --
• one to two days for the vertical
• twelve hours for the curve
• one to days for the lateral
• amount of proppant: being optimized; not seeing very much wells completely with massive amounts of proppant
• time to complete a frack: it appears the amount of time for an individual well has come down, but perhaps not by much -- about ten days; but fracking a number of wells on one pad quickly in succession has brought the overall average down, I would assume