Post on 06-Aug-2020
600 East Boulevard Ave. - Dept 405 Bismarck, ND 58505-0840
(701) 328-8020 (701) 328-8000
North Dakota Department of Mineral Resources
http://www.state.nd.us/ndgs http://www.oilgas.nd.gov
What’s Ahead?
North Dakota Oil Production
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,00019
70
1975
1980
1985
1990
1995
2000
2005
2010
2015
2020
2025
2030
2035
2040
2045
2050
2055
2060
2065
2070
2075
2080
2085
2090
2095
2100
Bar
rels
per
Day
History Peak Production Estimate Current ND Revenue Estimate Current Production Limited-No Drilling
G1 G3 G2 G4 G5
What’s Ahead? • >Spearfish play is entering “Homestead” phase • Tyler play has entered “Discovery” phase • Bakken-Three forks optimization
– Harvest phase – Inter-well distance – Completion technology – Gas capture – facility optimization – waste reduction/reuse
• Geological Survey is studying formations below the Bakken-Three forks – Temperature Survey project
• Bakken-Three forks Enhanced Oil Recovery
210 rigs
What’s Ahead? • Spearfish play is entering “Homestead” phase • >Tyler play has entered “Discovery” phase • Bakken-Three forks optimization
– Harvest phase – Inter-well distance – Completion technology – Gas capture – facility optimization – waste reduction/reuse
• Geological Survey is studying formations below the Bakken-Three forks – Temperature Survey project
• Bakken-Three forks Enhanced Oil Recovery
210 rigs
What’s Ahead? • Spearfish play is entering “Homestead” phase • Tyler play has entered “Discovery” phase • >Bakken-Three forks optimization
– Harvest phase – Inter-well distance – Completion technology – Gas capture – facility optimization – waste reduction/reuse
• Geological Survey is studying formations below the Bakken-Three forks – Temperature Survey project
• Bakken-Three forks Enhanced Oil Recovery
BAKKEN
Bakken Producer
Well density is the big question
Source: Continental Resources
Typical Bakken Well Production
1321
482
169118
92 75 63 56 51 48 46 44 41 39 37 35 34 32 30 29 27 26 25 24 22 21 20 19 18 17 16 16 15 14 13 13 12 11 11 10 10 9 9 8 8 8
0
200
400
600
800
1000
1200
1400
0 5 10 15 20 25 30 35 40 45 50
Year
Bar
rels
of O
il pe
r Day
What’s Ahead? • Spearfish play is entering “Homestead” phase • Tyler play has entered “Discovery” phase • Bakken-Three forks optimization
– Harvest phase – Inter-well distance – Completion technology – Gas capture – facility optimization – waste reduction/reuse
• >Geological Survey is studying formations below the Bakken-Three forks
• Temperature Survey project
• Bakken-Three forks Enhanced Oil Recovery
What’s Ahead? • Spearfish play is entering “Homestead” phase • Tyler play has entered “Discovery” phase • Bakken-Three forks optimization
– Harvest phase – Inter-well distance – Completion technology – Gas capture – facility optimization – waste reduction/reuse
• Geological Survey is studying formations below the Bakken-Three forks – Temperature Survey project
• >Bakken-Three forks Enhanced Oil Recovery
North Dakota Oil Production
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,00019
70
1975
1980
1985
1990
1995
2000
2005
2010
2015
2020
2025
2030
2035
2040
2045
2050
2055
2060
2065
2070
2075
2080
2085
2090
2095
2100
Bar
rels
per
Day
History Peak Production Estimate Current ND Revenue Estimate Current Production Limited-No Drilling
G1 G3 G2 G4 G5 Reclaim
EOR? >>>>>>>