neset consulting service

Presented by: Kathleen Neset

NDPC Annual MeetingGrand Forks, ND

7.4 BBO Bakken and Three Forks

3.65 BBO Bakken 3.73 BBO Three Forks4.42 BBO (95%) to 11.43 BBO (5%)6.7 Trillion cu ft. of natural gas 0.53 BB NGL

Technically recoverable oil with current technology.

North Dakota Stratigraphic Column

Bakken Formation~360 Million Years OldPaleozoic EraMississippian/Devonian Period~110’ thick

Three Forks/Sanish~370 Million Years OldPaleozoic EraDevonian Period~240’ thick

Bakken

Three Forks

StratigraphyStratigraphy

Three Forks FormationThree Forks Formation

Bakken FormationBakken Formation

Lodgepole FormationLodgepole Formation

lower

middle

upper

Pelmatozoan limestone

“False Bakken”

Devon

ian

Mis

sis

sip

pia

n

“Sanish”

DrillpipeNon-magnetic Drill Collar

Bent Sub

Mud MotorRotating Sub

Widespread Bakken deposits

Phase I – initial drilling – define limits of pay

Phase II – development drilling – hold leases

Phase III – infill drilling – multipad drilling

Phase IV – secondary & tertiary recovery

Courtesy of Continental Resources

Earthquakes occur deep within earth’s crust & upper mantel along plate tectonic boundaries.

Origin of earthquakes is approximately 500 miles deep.

Fracking in the Bakken approximately 2 miles deep.

• Currently, only 3%–10% recovery factor.

• Small improvements in recovery could yield over a billion barrels of oil.

• Can CO2 be a game changer in the Bakken?