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Bakken Basics
Question
With the high cost of drilling these Bakken wells, do you see more emphasis on vertical drilling of other formations?
Answer

We have not observed this as a trend. The Bakken is an “unconventional” resource that requires very expensive drilling and completion techniques. There are other more conventional oil and gas plays in the Williston Basin, some of which benefit from horizontal drilling and others which utilize traditional vertical drilling. All of these activities have an important role in the economy of the State of North Dakota and the oil and gas industry.
 

Bakken Basics
Question
With current technology, how much oil from the Bakken is recoverable?
Answer

With today’s best technology, it is predicted that 1%-2% of the reserves can be recovered.
 

Bakken Basics
Question
What's the lifespan of these new Bakken wells? How many times can you frac a Bakken well?
Answer

Engineering analysis of the new Bakken wells indicates they will produce for about 30 years. Most new Bakken wells have been frac’d twice and many three times.
 

Bakken Basics
Question
What's the formation below the Bakken?
Answer

Devonian Three Forks, which is a Devonian age dolomitic silt stone that is found just below the lower Bakken shale. The Three Forks is considered part of the Bakken pool.
 

Bakken Basics
Question
What percentage of a barrel of Bakken oil is gasoline and diesel fuel?
Answer

A modern refinery can make about 95% of a barrel of Bakken crude oil into gasoline, diesel, and jet fuel.