FAQ's Search Results
At this point the success rate is over 99%. This does not mean that 99% of the wells are economic successes but that the Bakken oil is prevalent and virtually every well is capable of producing some volume of oil. The success of the wells varies from well to well and field to field and especially county to county.
Proximity to producing wells, highways, railroads, electrical power, and workers are all important factors that have to be considered.
Bakken wells drilled in calendar year 2007 had an average initial production rate of 240 barrels of oil per day during the first 30 days.
The distance into the formation a fracture stimulation extends depends on the mechanical properties of the rock as well as the rate, pressure, and physical properties of the fracturing fluid. The typical current Bakken fracture stimulation creates cracks approximately 1,000-1,200 feet long.
Horizontal drilling is very environmentally friendly. The typical new Bakken well uses a 5 acre surface location that is reclaimed to about two acres for production to develop 1,280 acres of minerals. Vertical well technology of 20 years ago would utilize 4-20 times the number of wells and surface acres.