600 east boulevard ave. - dept 405 bismarck, nd 58505-0840 (701) 328-8020(701) 328-8000 north dakota...
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600 East Boulevard Ave. - Dept 405Bismarck, ND 58505-0840
(701) 328-8020 (701) 328-8000
North Dakota Department of Mineral Resources
http://www.state.nd.us/ndgshttp://www.oilgas.nd.gov
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Year well cost oil price IP stages
2010 725+ 15-28+
2009 $5,651,771 $60 654 10-20
2008 $5,413,471 $81 576 6-10
2007 $4,386,927 $54 326 2-6
2006 $4,089,715 $52 195 1-2
Will take 10,000 – 20,000 to fully develop the Bakken –
Three Forks
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Pad Drilling
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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
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Ray - Tioga Area
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Ray-Tioga Area
• 430 to 540 wells per year
• 3.5 million – 4.5 million gallons fracturing water per day May through December
• 11 to 14 years
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Williston Area
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Williston Area
• 70 to 90 wells per year
• 0.9 million – 1.1 million gallons fracturing water per year May through December
• 8 to 20 years
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Alexander Area
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Alexander Area
• 120 to 150 wells per year
• 1.4 million – 1.8 million gallons fracturing water per day May through December
• 12 to 15 years
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Watford City - Keene Area
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Watford City - Keene Area
• 250 to 310 wells per year
• 2.0 million – 2.6 million gallons fracturing water per day May through December
• 5 to 7 years
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Killdeer Area
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Killdeer Area
• 235 to 290 wells per year
• 1.0 million – 1.2 million gallons fracturing water per day May through December
• 6 to 8 years
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Parshall Area
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Parshall Area
• 375 to 470 wells per year
• 1.5 million – 2.0 million gallons fracturing water per day May through December
• 7 to 8 years