Download presentation
Presentation is loading. Please wait.
Published bySage Gervase Modified over 10 years ago
1
600 East Boulevard Ave. - Dept 405 Bismarck, ND 58505-0840 (701) 328-8020(701) 328-8000 North Dakota Department of Mineral Resources http://www.state.nd.us/ndgs http://www.oilgas.nd.gov
3
Yearwell cost oil priceIPstages 2010725+15-28+ 2009$5,651,771$6065410-20 2008$5,413,471$81576 6-10 2007$4,386,927$54326 2-6 2006$4,089,715$52195 1-2 Will take 10,000 – 20,000 to fully develop the Bakken – Three Forks
4
Pad Drilling
5
Methodology Met with 12 most active Bakken / Three Forks operators –2010 drilling plans Reviewed completion reports –Spud to spud time 25 20 days –Water use 1.5 million – 4.0 million gal / well –Drilling year round, fracturing 8 months / year Compared drilling, spacing, potential area –Reality check on wells / year and duration
6
Ray - Tioga Area
7
430 to 540 wells per year 3.5 million – 4.5 million gallons fracturing water per day May through December 11 to 14 years
8
Williston Area
9
70 to 90 wells per year 0.9 million – 1.1 million gallons fracturing water per year May through December 8 to 20 years
10
Alexander Area
11
120 to 150 wells per year 1.4 million – 1.8 million gallons fracturing water per day May through December 12 to 15 years
12
Watford City - Keene Area
13
250 to 310 wells per year 2.0 million – 2.6 million gallons fracturing water per day May through December 5 to 7 years
14
Killdeer Area
15
235 to 290 wells per year 1.0 million – 1.2 million gallons fracturing water per day May through December 6 to 8 years
16
Parshall Area
17
375 to 470 wells per year 1.5 million – 2.0 million gallons fracturing water per day May through December 7 to 8 years
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.