R over P ratio – Fractional Flow

THE BAKKEN, A SNAPSHOT FROM 40 000 FEET AS OF END 2020

NOTE, this article is split into two parts. The first part, the main body (5 500 words [includes text for charts and tables]), presents this analysis’s results. The second part, supplemental information and documentation (3 000 words [includes text for charts), lists data sources, describes methods, abbreviations, acronyms, and some of the terms used inContinue reading “THE BAKKEN, A SNAPSHOT FROM 40 000 FEET AS OF END 2020”

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”

Are the Light Tight Oil (LTO) Companies trying to outsmart Mother Nature with their Financial Balance Sheets?

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?”