Since I’m an accountant, I keep an eye out for info on how one well might perform over its lifetime. Any real data for a well, let alone enough to look at averages, would be a closely guarded trade secret, so I’ll talk about public info.
Of course, if someone wanted to confidentially drop me some actual data & forecasts for real wells, I’d be happy to describe anonymous data. In the meantime…
Ms. Tessa Sandstrom, of the North Dakota Petroleum Council gave a speech reported by the Minot Daily News: Oil Boom drives on.
The article gives this info: Continue reading “Estimate of lifetime financial performance of one Bakken well”
Previous posts here and here covered some of the info from a presentation by Mr. Lynn Helms, North Dakota’s Director of Mineral Resources, at the Williston Basin Petroleum Conference on May 25, 2012.
The presentation had more information on the dollar impact of a typical well in Bakken. The additional info allowed me to rearrange the data into an income statement. I am an accountant after all.
I previously discussed this in another post. I’ll refine that analysis in this post.
Here is the income statement for a typical well over a full lifetime of production, based on the data in the presentation. Continue reading “Lifetime financial data for a typical well in Bakken – revised”
Lots of news sites are reporting on some data released by the North Dakota Department of Mineral Resources.
Here’s the key data:
Typical well in Bakken and Three Forks fields will produce about 540,000 barrels of oil during a 29 year lifespan.
Cost to drill is typically $7.9M
During that run a typical well will generate: Continue reading “Expected lifetime production data for a Bakken well”