Data released from the U.S Geological survey on Tuesday shows that 7.4 Billion barrels of oil could be recovered from the Bakken & Three Forks formations of North Dakota and Montana. This figure is more than double the previous estimate in 2008. Why such a large increase? The difference being the previous figure in 2008 was based purely upon the Bakken formation, the new figure comes as 2012 and the first quarter of 2013 have seen huge increases in drilling activity in the Three Forks. Undoubtedly, this new data only emphasizes how important optimizing completions is going to become to future Bakken & Three Forks development if operators are going to fully capitalize on North Dakota and Montana’s monumental shale reserves.
CEOs, COOs, VPs, Directors, Managers, Team Leads & Chiefs Of Completions Engineering, Drilling, Engineering, Geosciences, Geochemistry, Petrophysics
Production, Reservoir Engineering from the below selection of companies…
QEP Energy Company, Sun, Crescent Point Energy, Zenergy, Enerplus, Peregrine Petroleum, WPX Energy, Black Hawk Energy Services, Greenli, OXY USA Inc., Harvest Petroleum Inc, Statoil, Arsenal Energy USA Inc, Whiting Petroleum Corporation, Packers Plus Energy Services, Continental Resources, PCM, Millennium Directional Service USA Ltd, XTO Energy, Dundee Energy Limited, FMC Technologies Completion Services, Inc, True Oil LLC, CARBO Ceramics, EnerVest Operating, TAQA North Ltd, Olympic Exploration & Production Company, FTS International, Kraken Operating LLC, Triangle Petroleum Corporation, Murex Petroleum Corporation, Navajo Nation Oil & Gas Company, Halcon Resources, Abraxas Petroleum Corp, Samson Oil & Gas, Hunt Oil Company, Gaedeke Energy LLC, Emerald Oil Inc, North Plains Energy LLC, Liberty Oilfield Services, Hawkwood Energy, CARBO, Legacy Oil + Gas, True Oil LLC, Samson Resources, Fasken Oil & Ranch, Ltd, Linn Energy, Missouri River Resources, Villanova Oil Corp, Colorado School of Mines, Appalachian Black Shale Group, Denver Geophysical Society, plus many more.
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