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Enhanced Completions and Well Downspacing Keep the Bakken Pumping

  • July 2015
  • -
  • GlobalData
  • -
  • 47 pages

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Enhanced Completions and Well Downspacing Keep the Bakken Pumping

Summary

Though oil prices continue to slowly creep upward, operators are still wary of shale economics. In lieu of expanding operations, companies are consolidating and innovating: turning to already de-risked acreage and heavily focusing on downspacing and improving well performance in core areas. Enhanced completion methods, longer laterals, more proppant, and new targets in the Lower Three Forks are increasing recovery rates and generating wells with impressive economies.

Scope

Report provides information and insight on -
- How production and development in the Bakken has behaved subsequent to the oil price crash
- Advancements in completion techniques are their contribution and effect on the IP rates and EUR of newer wells
- Capital budgets of major players in the Bakken play and their plans going forward in 2015
- Rig and permit counts and expected trends of these metrics throughout 2015

Reasons to buy

- Improved completion and drilling methods and their effect on well efficiency and performance
- The geology of the Bakken play and the formations which constitute it
- Expected company behavior through 2015 and 2016
- How the Bakken endured and continues to endure the low price environment and the measures operators are taking to keep producing
- Downspacing operations and how they affect Bakken production and productivity per acre

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