This post presents a closer examination of actual data on Light Tight Oil (LTO) extraction, developments in water cut and Gas Oil Ratio (GOR) for some pools and individual wells in the Middle Bakken and Three Forks formations in North Dakota. LTO extraction’s primary drive mechanism is (differential) pressure and there are some noticeable trendsContinue reading “Will the Bakken Red Queen Outrun Growth in Water Cut?”
Category Archives: oil price
Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken “Red Queen”
The saying is that hindsight (always) provides 20/20 vision. In this post I present a retrospective look at my prediction from 2012 published on The Oil Drum (The “Red Queen” series) where I predicted that Light Tight Oil (LTO) extraction from Bakken in North Dakota would not move much above 0.7 Mb/d. Profitable drilling inContinue reading “Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken “Red Queen””
World Crude Oil Production and the Oil Price
In April 2012 I published this post about World Crude Oil Production and the Oil Price (in Norwegian) which was an attempt to describe the developments in the sources of crude oils (including condensates), tranches of total life cycle costs (that is [CAPEX {inclusive returns} + OPEX] per barrel of oil) and something about theContinue reading “World Crude Oil Production and the Oil Price”
Fractional Flow 