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600 East Boulevard Ave. - Dept 405 Bismarck, ND 58505-0840 (701) 328-8020(701) 328-8000 North Dakota Department of Mineral Resources

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Presentation on theme: "600 East Boulevard Ave. - Dept 405 Bismarck, ND 58505-0840 (701) 328-8020(701) 328-8000 North Dakota Department of Mineral Resources"— Presentation transcript:

1 600 East Boulevard Ave. - Dept 405 Bismarck, ND (701) (701) North Dakota Department of Mineral Resources

2

3 Yearwell cost oil priceIPstages $5,651,771$ $5,413,471$ $4,386,927$ $4,089,715$ 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


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