Usual disclaimers. In addition, in one of the more recent years, I forget which one, I may have miscounted slightly, but it makes no material difference.
Number of wells that came off the confidential list:
Break/break
From Lynn Helms, September, 2022:
- well count;
- with more three-mile laterals, it will mean fewer wells
- NDIC has revised downward its projected total well count across the Bakken from 65,000 wells, down to 40,000 wells
- currently 15,000 producing wells in the Bakken/Three Forks
- currently 17,000 total producing wells in North Dakota
- Tier 1:
- 80% drilled
- future: EOR
- currently three pilot projects: natural gas for EOR
- CO2 for EOR will come eventually
Helms said a multitude of other energy opportunities exist, which have the potential to attract even more industry to the state.
"We're talking about backing up wind farms with gas-fired electricity. We're talking about connecting ethanol plants to CO2 pipelines to bring that to the center and ultimately to the northwestern part of the state. We're talking about value-added natural gas, locally-mined frac sand, and critical minerals, even being mined in southwestern North Dakota," Helms said.
"On top of all of that, we're talking about data centers ... and companies like Rainbow Energy, which are putting together this whole synergistic program down there at Underwood ... it is an amazing concept."
Back to well count.
- back-of-the envelope
- ultimately 40,000 Bakken wells
- currently 15,000 actively producing Bakken wells
- at height of activity, 3,000 wells per year
- now, going forward, 500 wells per year
- 25,000 new wells / 500 wells per year = 50 years of Bakken drilling
- originally, at the time of the Bakken boom, back in 2007 timeframe, drilling activity could continue to 2100
- 2022 +50 = 2075
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