242 comments on DrumBeat: March 18, 2008
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242 comments on DrumBeat: March 18, 2008
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the nd industrial commission has a presentation on the middle bakken. the usgs has a study out as well:
http://www.searchanddiscovery.net/documents/2006/06035flannery/index.htm
and encore aquisition's 3-4-08 analyist presentation
http://www.encoreacq.com/
apparently there is a lot of wild speculation about the urr for the middle bakken. the kipplinger article quotes 100Gb.
wow! another ghawar right here in the missouri river badlands. dream on...............encore uses reserves of 300 kb/section, extrapolation implies an area of 333,333 - 640 acre sections.
encore uses an ip of 440bopd. the ip is the subject of wild speculation also.
Some peakoil.com threads:
Finally, the Bakken makes the national media (NY Times)
Peak oil: Do you want it to occur? (go in about 8 pages)
Flow rates will never reach very high, but it is good LSC. Will be a good long-term resource - perhaps for the military/government.
well, at least the nyt reports their wildly speculative 200 gb figure as oil in place. kipplenger's wildly speculative 100 gb is implied as recoverable.
they must be a shill for cera, note they are saying that the usgs final report, when it is published, will be "conservative". i have read that before in ceraspeak.
Wiki has an article about the Bakken:
http://en.wikipedia.org/wiki/Bakken_Formation
I had read that Bakken was 400 billion barrels of oil in place. One might expect to recover 10-20% of that. Of course the play is in its early stages and as time goes on a clearer picture might develop.
The Barnett Shale in the Ft. Worth area is the largest remaining natural gas field in Texas. Devon is the largest acreage holder in the play and gave a resource estimate of 13 tcf in its portion. Devon expected peak production from its holdings there in 2009 at about 1 bcf/day. The United States used about 22 tcf per year. The horizontal wells cost millions of dollars a piece. The United States used about 22% of the world's natural gas per year. Check the Devon website for investor presentation (pdf) about their work there.