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  5. > Enhanced Completions and Well Downspacing Keep the Bakken Pumping

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

Table Of Contents

Enhanced Completions and Well Downspacing Keep the Bakken Pumping
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 5
2 Key Points 6
3 Introduction 7
4 Geology 9
5 Acreage 11
6 Deals 13
7 Top Operators: 14
7.1 Continental 14
7.2 ConocoPhillips 15
7.3 Enerplus 15
7.4 EOG 16
7.5 Whiting 16
8 Active Counties 18
9 Productivity 19
10 Well Cost 22
11 Well Completion and Configuration 24
12 Rig Counts 26
13 Break-even Costs 28
14 Permit Activity 30
15 EUR 33
16 Capital Expense Forecast 34
17 Contracts 36
18 Projected Rig Counts 39
19 Crude Oil Production Forecast 41
20 Other Operators 43
21 Appendix 45
21.1 Abbreviations 45
21.2 Methodology 45
21.2.1 Coverage 45
21.2.2 Secondary Research 46
21.3 Disclaimer 46

1.1 List of Tables
Table 1: Geological Characteristics of Bakken TPS Units 10
Table 2: Notable Deals 13
Table 3: Bakken Well Design and Cost Estimations 24
Table 4: Bakken Well Configurations 25
Table 5: Horizontal Rig Count by County 26
Table 6: Percentage Rig Count Loss by County (%) 27
Table 7: Development Drilling Permits by Company and County 32
Table 8: Capital Budget 34
Table 9: Contracts Awarded in the Bakken 36
Table 10: Gas Processing Facilities 37
Table 11: Pipelines 38
Table 12: Projected Rig Counts 39
Table 13: Other Companies 43

1.2 List of Figures
Figure 1: Bakken IP30 Rates by County 8
Figure 2: Bakken Acreage by Company (net) 11
Figure 3: EUR by County and Company 14
Figure 4: Active Well Count by Company 18
Figure 5: Bakken Oil Production (2014) 20
Figure 6: Natural Gas Production (2014) 21
Figure 7: Average Well Cost 23
Figure 8: Break-even Prices by County 28
Figure 9: Break-even Prices by Company 29
Figure 10: Horizontal Drilling Permits, Jan-June 2015 31
Figure 11: Average EUR per Well 33
Figure 12: Bakken Production (bd) 42

Companies Mentioned
Continental
ConocoPhillips
Enerplus
EOG
Whiting

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