CLR: Enhanced Oil Recovery Project; Priimary Production Recovering Upwards Of 15% Of OOIP -- May 19, 2022

CLR: enhanced oil recovery project, link here. Or direct to The Williston Herald.

• Buddy Comindgo Pipeline Project
• transport natural gas from an existing transmission line to an existing oil well
• $3.55 million
• enhanced recovery
• think about that: spending $3.55 million to test enhanced recovery from an existing well
• at $100 at the well head:
• $3,550,000 / $100 = 35,500 bbls of oil
• 2,000 bbls / month = 18 months
• specifics:
• origin: East MonDak WBI Energy Transmission Line
• terminus: Continental's Buddy Domindgo Well Pad
• natural gas to be compressed and injected downhole into the existing well to test the feasibiliity of this method for prolonging thee well's production life;
• without enhanced recovery:
• the current technology will leave 80 to 85 percent of the oil tied up in shale rocks behind, North Dakota Director of Mineral Resources Lynn Helms has said in past monthly oil production reports — an enormous target, that makes even a 1 to 2 percent gain in oil recovery highly economic.
• Continental has already acquired all of the rights of way needed for the project, and expects to take two months completing the project once it is permitted.

Too bad the NDIC map is not available to locate the origin and terminus.

But look at that: primary production in the Bakken recovering upwards of 15% of OOIP, link here:

• 500 billion bbls OOIP
• 15% of 500 billion = 75 billion bbls
• at 1 million bbls / day x 365 = 365 million bbls / year
• 75 billion / 365 million bbls = 205 years.
• others have said 250 billion bbls OOIP
• 15% of 250 billion = 37.5 billion bbls
• = 102 years

Note: I am inappropriately exuberant with regard to the Bakken and often make simple arithmetic errors.