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Bakken/Three Forks Shale Play
Hart Energy Publishing, September 2011
The Bakken/Three Forks Shale play system is located in the Williston Basin in the northeastern part of Montana and northwestern North Dakota. Below is an excerpt from the report, reflecting the type of data and analysis you can expect to find within Hart Energy'sNorth American Shale Quarterly.
During 2010, rig activity increased almost linearly, with the monthly rig count growing from 70 to 150 units. This trend continued during the first half of 2011 as well. In the short run, we expect the rig count to steadily increase until 2013, reaching averages of 170, 200 and 210 rigs in 2011, 2012 and 2013, respectively, followed by an 8% decline beginning in 2014.
While activity in the northern part of Mountrail County will continue steadily, Bakken's incremental growth will be driven by activity in the western area of North Dakota (Figure 1). Besides being less developed, this western area suits long lateral (30+ stages) and smart drilling. In this scenario, NASQ estimates 2,950 million barrels of oil equivalent (boe) best estimate reserves, plus 1,800 million boe of additional reserves.
More about the NASQ
The North American Shale Quarterly is a 360-degree view of the top North American shale oil and gas plays in a quarterly updated report receivable online and/or in print with downloadable data. Subscribers have access to valuation maps with company acreage overlays, a production forecast to 2020, company acreage, reserves and highlights, play economics including break-even prices on a company basis, infrastructure coverage.