CLR EUR Type Curves Up To 1.1 Million BOE In The Bakken -- March 27, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title CLR EUR Type Curves Up To 1.1 Million BOE In The Bakken -- March 27, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : CLR EUR Type Curves Up To 1.1 Million BOE In The Bakken -- March 27, 2018
link : CLR EUR Type Curves Up To 1.1 Million BOE In The Bakken -- March 27, 2018

CLR EUR Type Curves Up To 1.1 Million BOE In The Bakken -- March 27, 2018

I've been waiting for this presentation for quite some time with all the recent activity in the Bakken -- CLR's most recent presentation, link here. Quickly, because I have more important things to do, the things that caught my attention that are new:

• 34 slides
• 2018: a breakout year for CLR
• 100% funded from internal cash flow
• • $2 billion for D&C
  • 78% of D&C targeting the Bakken and the Springer (SCOOP)
• targeting 17% to 24% YoY production growth; targeting annual 285K to 300K boe per day
• up to $1 billion (rounded) in free cash flow with $60 WTI and $3 Henry Hub
• continue to reduce debt
• • free cash flow to reduce debt
  • additional non-core asset divestitures
• net reservoir acres / hbp
• • Bakken: 802,000 net acres / 90%
  • STACK: 409,500 net acres (I did not realize it was this much, compared to the Bakken) / 60%
  • SCOOP: 724,000 (ditto) / 60%
• production
• • north (North Dakota): 175,563 boepd
  • south (Oklahoma): 111,422 boepd
• Bakken continues to deliver record results (well / 30-day avg boepd / % oil / formation)
• • Tarentaise Federal 1-19H (2,126 / 79% / MB)
  • Tarentaise Federal 3-19H (2,074 / 805 / MB)
  • Tarentaise Federal 5-19H (2,034 / 79% / MB)
  • Tarentaise Federal 12-19H2 (1,848 / 79% / TF2)
  • Holstein Federal 8-25H (2,015 / 83% / MB)
  • Wiley 7-25H (1,966 / 76% / MB)
  • Akron Federal 7-27H (1,853 / 79% / MB)
  • Radermecher 2-22H1 (1,833 / 79% / TF1)
  • Monroe 7-2H (2,055 / 80% / MB)
  • Monroe 6-2H  (2,869 / 79% /  MB)
• EUR type curves: 1.1 million boe
• • 134 optimized completions
  • 125% ROR
  • PV-10 up 47% per well compared to previous type curve
• interesting term on slide 16: "children wells" / "parent well"-- we've blogged about that only once or twice in the past; a reader working for HAL alerted me to that "new term" maybe a year or so ago
• • children wells are producing 20% higher than parent wells (we've seen something similar in the Bakken); 50% reduction in drill time; 20% reduction in CWC
• history of EUR type curves:
• • 2011: 430 mboe
  • 2014: 603 mboe
  • 2015: 800 mboe
  • 1H17: 980 mboe
  • 2018: 1,100 mboe; payout period down to ten months

https://ift.tt/2dZyQXu

Thus Article CLR EUR Type Curves Up To 1.1 Million BOE In The Bakken -- March 27, 2018

That's an article CLR EUR Type Curves Up To 1.1 Million BOE In The Bakken -- March 27, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article CLR EUR Type Curves Up To 1.1 Million BOE In The Bakken -- March 27, 2018 with the link address https://mylivemyidea.blogspot.com/2018/03/clr-eur-type-curves-up-to-11-million.html

Tweet

Subscribe to receive free email updates: