In this post I present what I found from applying R/P (Reserves divided by [annual] Production) ratios for Light Tight Oil (LTO) for 3 big companies in Bakken/Three Forks/Sanish. The companies are; Continental Resources, Oasis Petroleum and Whiting Petroleum, which operated 28% of total LTO extraction in the Bakken(ND) in December 2014. Undertaking oil andContinue reading “Are the Light Tight Oil (LTO) Companies trying to outsmart Mother Nature with their Financial Balance Sheets?”
Tag Archives: LTO
Status on the Bakken ”Red Queen” with Data as per April 2015
This post presents a study of developments of Light Tight Oil (LTO, shale oil) extraction for 8 companies in Bakken(ND) that as of April 2015 had added around 600 (or more) producing wells in the Bakken/Three Forks formations since January 2008. The 8 companies are; Continental Resources, EOG Resources, Hess Bakken Investments, Marathon Oil Company,Continue reading “Status on the Bakken ”Red Queen” with Data as per April 2015”
The Bakken ”Red Queen” is restrained with more credit
NOTE changes to: ABOUT FRACTIONAL FLOW, CONTACT, LINKING, COPYRIGHTS This post is an update on Light Tight Oil (LTO) extraction in Bakken based upon published data from the North Dakota Industrial Commission (NDIC) as per March 2015. Extraction developments of LTO from Bakken may be followed by county, formation, vintage of wells, and oneContinue reading “The Bakken ”Red Queen” is restrained with more credit”
Fractional Flow 