Bakken, Something About EURs, PDP Reserves and R over P Ratio

Proven reliable methods on the Estimated Ultimate Recovery (EUR) for any well (or other agreed parameter like EUR for the average well of specified vintage populations for plays, fields, companies or other) is crucial to make estimates on remaining Proven Developed Producing (PDP) and Proven UnDeveloped (PUD) reserves which are the linchpins for assets backedContinue reading “Bakken, Something About EURs, PDP Reserves and R over P Ratio”

A little on the Profitability of the Bakken(ND)

In the first part of this post I present an update on the profitability for Light Tight Oil (LTO) extraction in the Bakken (ND) as one big project. This is followed with economic life cycle analysis for the average LTO well of the 2014, 2015 and 2016 vintages in the Bakken. This analysis found thatContinue reading “A little on the Profitability of the Bakken(ND)”

The Bakken, a little about EUR and R/P

In this post I present some of the methods I have used to get estimates based on actual NDIC data on the Estimated Ultimate Recovery (EUR) for wells in the Bakken North Dakota. The Bakken is here being treated as one big entity. As the Bakken shales [for geological reasons] are not ubiquitous there willContinue reading “The Bakken, a little about EUR and R/P”