Bakken Artificial Lift Cost Reduction & Production Optimization 2015

How To Produce Existing Assets Economically At <$60 Per Barrel

3rd Annual

The Only Case Study Exchange Designed Exclusively For Production Professionals In The Bakken

Reducing Capital Costs And Surface Facility Costs On Existing Wells To Produce Bakken

Crude Economically At <$60 Per Barrel

Brand New Price-Responsive Strategies For Extending The Life Of Artificial Lift, Reducing Failure Rates And Attaining Maximum Value From Production Sets & Overcoming Challenges Relating To Sand Control, Gas Interference & Wellbore Deviation

Key Topics Include:

May 19-20, 2015 | Denver | Colorado

Daryl Mazzanti VP Operations Evolution Petroleum

Expert Insight From Over 20 Leading E&P Companies In The Industry

M Follow Us @UnconventOilGas

www.bakken-production.com

Register By ThursdayApril 2, 2015

*SAVE $400

• $100 vs $60 PRODUCTION TECHNIQUES: Chemical treatments, lift types, surface equipment; what worked economically then, doesn’t necessarily do so now. It’s possible to produce economically at $60 per barrel – this congress has been designed to make sure every production professional in the Bakken knows how.

• CAPITALIZE ON UNPRECEDENTED LEVELS OF EFFICIENCY: The positive side of the oil price decrease is in the extent to which it has driven operators to innovate. Production professionals are now discovering unprecedented levels of efficiencies in their operations and reducing costs and failure rates in ways that may never have otherwise been discovered. Learn from this and maximize margins both now and for when prices go back up.

• FOCUS ON EXISTING WELLS: Capital-intensive production strategies are not helpful right now. Smart, innovative, responsive techniques for optimizing existing wells and assets are. This congress will focus for the first time ever, purely on how production professionals can alter, improve, and upgrade existing wells to maximize overall recovery at the very lowest cost.

• TRANSFERABLE BENEFITS: Each session is designed with the sole purpose of providing takeaway lessons that can be transferred between production professionals and applied across different fields.

Dawn Burgess Lima Production Engineering Manager Bonanza Creek Energy

Leslie Malone Senior Staff Engineer Murphy Oil

Frederick Clarke Senior Artificial Lift Specialist Murphy Oil

Dan Stubbs Facility Engineer Samson Resources

Mark Pearson President Liberty Resources

Sheraton Denver West360 Union Blvd,Lakewood, CO 80228,United States

Tel. (303) 987-2000Web. www.sheratondenverwest.com/

Venue Information:

www.bakken-production.com (1) 800 721 3915 [email protected]

Register By ThursdayApril 2, 2015

*SAVE $400

As operators engage in new price-responsive strategies to react accordingly to the low oil price environment, the big push is on innovative cost cutting and the optimization of existing assets.

Whether switching to new chemical treatments to reduce failures, restructuring equipment to reduce surface facilities costs, or redeploying artificial lift to ensure every pump generates the most revenue possible per day; there are ways reduce costs in both in incremental and transformational ways from the production engineering perspective to ensure wells remain economic.

THE ONLY INITIATIVE DESIGNED SPECIFICALLY FOR PRODUCTION PROFESSIONALS

The 3rd in an industry renowned series, this year’s Bakken Artificial Lift Cost Reduction & Production Optimization congress is returning to Denver, entirely dedicated to the optimization and cost reduction of production assets with a focus on identifying the areas of most costly expenditure without compromising production rates.

WHAT’S NEW FOR THIS YEAR?

The 3rd in an industry renowned series, this year’s Bakken Artificial Lift Cost Reduction & Production Optimization 2015 is returning, entirely focused towards the optimization of production operations of Bakken assets to identify the areas of most costly expenditure without compromising production rates.

• MAXIMIZE RECOVERY USING EXISTING EQUIPMENT: Which wells merit ESP application and which don’t? Can 10% more recovery be gleaned by switching a pump to a different well? At what point should it be applied for maximum recovery? Everyone is asking the questions and now, the people who have found the answers are speaking out at the congress.

• REDUCE PRODUCTION OVERHEADS: If production professionals are not currently looking at how to reduce production costs, they could be setting themselves up to be in a lot of trouble in 2015. The congress this year is focused specifically on how to make sure operations remain profitable, even at $50 per barrel.

• EXTRACT MAXIMUM VALUE FROM PRODUCTION ASSETS: As drilling new wells slows down, the pressure is building on production professionals tasked with maximizing recovery from existing wells. This congress is the hub of knowledge exchange on how to make sure no opportunity for extra recovery is missed.

How To Produce Existing Assets Economically At <$60 Per Barrel

3rd Annual

“The conference was an excellent survey of AL technology and application in the Bakken and will hopefully lead to greater success in the region in the future.”

Facilities Engineer – BP America

“This conference is very well planned, organized and very in detail on information. What I learned from this will help me plan our production optimization better in the future”

Petroleum Engineer – Sinclair Oil & Gas Company

LIFT APPLICATION & OPTIMIZATIONEXAMINING HOW OIL PRICES HAVE AFFECTED THE ECONOMICS OF DIFFERENT LIFT TYPES AND IDENTIFYING BEST PRACTICES FOR EXTRACTING MAXIMUM VALUE FROM EXISTING EQUIPMENT

Day 1Tuesday May 19, 2015

8:30 Chair’s Opening Remarks

Chaired By: Mark Pearson, President, Liberty ResourcesKEYNOTE: ARTIFICIAL LIFT COST REDUCTION CASE STUDY PANEL

8:40 Examining Techniques Being Applied By Responsive E&P Companies To Reduce Artificial Lift Costs Now Compared To When Crude Was c.$100 Per Barrel

•SwitchingLiftType:Quantifyinghowmuchwellcostshavebeenreducedbyliftswitchingfollowingtheoilpricedecreasetodrawlessonsonhowliftcostscouldbeshaved

•SwitchingLiftType:SensitizingrateofreturnandNPVvaluespecificallytotheBakkentodeterminewhichlifttypewillremaineconomicthroughoilpricefluctuations

•FailureReduction:Hearinghowtheoilpricehasdrivenoperatorstoreducefailurestounprecedentedlevelsdrawinglessonsonnewlyformedbestpractices

•PowerGeneration:HearinghowE&PsarecontrollingpowercoststoreduceLOEcomparedtowhenoilwas$100+perbarrel

•PowerGeneration:ComparingpowersourcestodeterminethemostcosteffectivelifttypesintheBakken

•EquipmentCosts:Examininghowequipmentrentalvs.upfrontcapitalpurchasevs.spreadoutpaymentsareeachimpactingoverallproductioncoststodeterminewhichprocurementmethodismostcosteffectiveintheBakken

Daryl Mazzanti, VP Operations, Evolution Petroleum

9:10 Question & Answer Session

ARTIFICIAL LIFT SELECTION

9:20 Latest Case Studies On Artificial Lift Success In The Bakken: Determining Which Types Are Most Effective In Reducing Operating Cost And Maximizing Recovery In A <$40-$60 Per Barrel Environment

•RodPumpOptimization:Hearinghowoperatorsarerunningpumpingunitsandapplyingdifferentspeedstoreducerodpumpcosts

•JetPumps:Discussingcostsandidentifyingthewellindicatorsthatsuggestitmakescommercialsensetomovetoajetpump

•GasLift:Assessingthecostvs.recoverypotentialofrunninggasliftondeviatedwells

•ESPvs.JetPumpvs.RodPump:Comparingtheassociatedrigtime,interventiontimeandworkoverrigtimeofeachlifttypetodeterminewhichtypeisbestimplementedtoproduceBakkenwellsmostefficiently

Moderated By: Mark Pearson, President, Liberty Resources

Panelist: Frederick Clarke, Senior Artificial Lift Specialist, Murphy Oil


10:00 Morning Refreshments In Exhibition Showcase Area

DESIGNING ROD PUMPS

10:30 Identifying Optimum Rod Pump Designs And Systems To Increase Mean Time Between Failures

•Costvs.UltimateRecovery:Assessingthevalueofup-frontinvestmentonbigpumpstodrawthebottomholepressuredowntomaximizeoilrecovery

•Determiningthefactorstoquantifytheoptimumthresholdforpumpsizethatwillproducethemostamountofcrudeatlowestpossiblecost

•Evaluatingtheoptimumrunningspeedsforthedifferentpumpingunitstoreduceoperationalexpenses

Derek Twidale, Artificial Lift Engineering Manager, Cameron


PANEL: PUMP SIZE

11:10 Hearing How Production Engineers Are Improving Pump Sizing And Determining Minimum Thresholds To Make Sure Equipment Can Handle Initial Recovery Without Overspending

•Discussinghowproductionengineersarerefiningtechniquesforsizingpumpsinlinewitheconomicsbeingrunonthewellandhowplansarebeingpresentedtomanagement

•Examiningbestpracticesforintegratingproductionratepredictionsintosizingfordifferentpumptypes:ESP,RodPump,JetPump

•Understandinghowproductionengineersaredeterminingminimumthresholdswhendecidingonpumpsizereductionstosavecosts

•Examiningbestpracticesfordeterminingdecreasesinpumpsizeinlinewithwelldeclineratetomaximizeultimaterecovery

Moderated By: Mark Pearson, President, Liberty Resources

Panelist: Dawn Lima, Production Engineering Manager, Bonanza Creek Energy


OPTIMIZING EXISTING PRODUCTION EQUIPMENT

11:50 Examining Cutting Edge Best Practices For Utilizing Production Equipment To Ensure Maximum Value Is Extracted From Existing Assets

•Learninghowtoidentifywhenswitchingadrivefromonewelltoanothercouldsavesignificantcostsacrossoperations

•Hearingacasestudyonhowthousandsofdollarsweresavedthroughtakingdrivesoffoldwellsandapplyingthemtonewwellsattherighttime

Laura Sesack, Production Optimization Engineer, Baker Hughes


12:30 Networking Lunch In Showcase Exhibition Area

SURFACE FACILITY DESIGN

13:30 Comparing The Extent To Which Surface Facility Design And Process Equipment Can Be Used To Cut Capital Costs And Downtime

•Identifyingbestsurfacefacilitydesignsandpracticesthatstimulatemostefficientproductionoperationsandcutcapitalcosts

•Comparingmultipleoperatorledsurfacefacilitydesignapproachedtodeterminemethodsforminimizingenvironmentalfootprintwhilstreducingcapitalcosts

•Assessingthedifferencesoffulllifecycleschemesofartificiallifttypestoidentifythebestfacilitiesdesignandcapitalcostsassociated

•Evaluatingbestpracticesformeasurementmethodsandallocationtechniquesincommingledfacilitiestoensureaccurateproductionaccountingatthewelllevel

•Identifyingbestpracticesofutilizingsharedprocessequipmenttoreducethemostamountofdowntimeforproductionoperations

Mark Pearson, President, Liberty Resources


PUMP CONTROLS, SURVEILLANCE AND AUTOMATION

EXAMINING HOW MONITORING AND CONTROL TECHNOLOGIES ARE BEING OPTIMIZED AND APPLIED TO HELP ENABLE THE PRODUCTION OF BAKKEN CRUDE AT

<$60 PER BARREL

POCs vs VFDs

14:10 Comparing The Effectiveness Of POCs And VFDs In Reducing Electricity Costs And Down Time In Bakken Wells To Determine Which Can Help Ensure Lowest Pumping Costs Per Barrel

•POCs:Understandinghowautomatedpumpoffcontrollersarebeingusedatnoextracosttomaximizefluidproductionwithouthavingtofurthermodify

•BHAPOCs:QuantifyingtheextenttowhichautomatedPOCarereducingrodpumpfailureratesandelectricitycoststodeterminewhethertheirapplicationcouldimproveproductioneconomicsintheBakken

•VFDs:ExamininghowVariableFrequencyDrives(VFDs)arebeingusedtoreduceelectricitycostsanddowntimeonrodpumpstodeterminewhethertheinvestmentcouldsaveoverallpumpingcostscomparedtoPOCs

Frederick Clarke, Senior Artificial Lift Specialist, Murphy Oil


14:50 Afternoon Refreshments In Exhibition Showcase Area

POWERING ARTIFICIAL LIFT

15:20 Evaluating How To Effectively And Efficiently Power Artificial Lift Applications While Accounting For Scalability And Reliability To Lower Down Time On Wells

•Analyzingthecosteffectivenessofnaturalgaspoweranddieselpoweralternativefueloptions

•Examininghowtoreliablyutilizestrandedgasforpowergenerationtolowerdisposalcosts

•Assessingtheadvantagesforutilizingscalablemicrogridsacrossmultiwellpadsitestoprovidetherequiredpowerforoperations

•Understandinghowtoincreasesafetyandreliabilitythroughengineering,remotemonitoringandmaintenanceofartificialliftpoweringtoensurethesafetyofallequipmentandpersonnelonsite

Brandon Montagne, Oil & Gas Marketing Specialist, Aggreko


FLARE REDUCTION PLANHEARING AN UP-TO-THE-MINUTE OPERATOR CASE

STUDY ON HOW FLARING PERCENTAGES HAVE BEEN REDUCED POST Q1 2015

FLARE REDUCTION PLAN - POST Q1 2015

16:00 Showcasing How An Operator Planned And Executed A Flare Reduction Strategy To Meet The 23% Q1 2015 NDIC Flaring Target

•Cost-Benefit:Weighingupthecapitalandoperationalcostsvs.thebenefitsofcapturemethodsandtechnologiesthathavebeenadoptedtodeterminewhethertheyareworththeinvestmentlongterm

•Assessingthepracticalityofdeployingsmallscaleon-sitepowergeneratorstodeterminetheextenttowhichtheycanbeusedasaviablealternativetoflaring

•Hearinghowproducersarenegotiatingwiththemidstreamcompaniesandlandownerstoensuregasiseffectivelytakenfromwellsitetomarket:

•Shortconstructionseason•Landownerrelations•RightofWay•Multiplepartycoordination:Discussingsuccessstories

whereproducershaveworkedwellwithlandownerstodrawlessonsoncommunication


16:40 Chair’s Closing Remarks

17:50-18:50 Networking Drinks In The Exhibition Area


8:50 Chair’s Opening Remarks

Chaired by: Mark Pearson, President, Liberty ResourcesGAS GATHERING & PROCESSING INFRASTRUCTURE

UNDERSTANDING PIPELINE AND PROCESSING CAPACITY UPDATES AND FLARING REDUCTION STRATEGIES IN THE BAKKEN TO ENABLE SUFFICIENT DEVELOPMENT PLANS

TO OPTIMIZE GAS HANDLING

KEYNOTE: PRODUCTION INFRASTRUCTURE

9:00 Ensuring Gas Gets To Market: Delivering The Latest Pipeline And Processing Capacity Updates In The Bakken

•AssessingthecapabilitiesofproposedpipelinestodeterminehowmuchadditionalBakkenproductioncanbemovedtomarket

•What%ofgasisflaredvs.marketedintheBakken:comparingoperatorsresultstodetermineabenchmarkforwhatispossible

•Assessingconstructioncosts,timescalesandcontractormanagementissuesassociatedwithself-builtpipelinestomeasurethebusinesscaseeconomicsofbuildingE&Pownedpipelinesuntilthirdpartyinfrastructureisbuilt

•Mappingtheextentofexistinggasprocessingchannelsandnewplansforprocessingplantstoenableproducerstoplanforincreasedproduction

•Breakingdownwellsitegasprocessingfacilitysetupcostsonaper-wellbasistoevaluatetheneteconomicvalueoftheinvestment

Moderated By: Mark Viator, Director Public & Government Affairs & Special Projects, Jefferson Energy CompaniesEric Norberg, President, Allete Clean Energy


FAILURE PREVENTIONHEARING THE VERY LATEST INNOVATIONS BEING APPLIED

TO EXTEND PUMP LIFE AND REDUCE THE COSTS OF ARTIFICIAL LIFT IN THE BAKKEN

PANEL: BENCHMARKING FAILURE RATES IN THE BAKKEN

9:40 Who Has The Lowest Failure Rates In The Bakken? Comparing The Extent To Which Failures Have Been Reduced To Create New Benchmarks On Run-Time

•Throughoutthepastyear,whatisthehighestandlowestfailureratesyouhaveseenonBakkenwells?

•Whathasbeenthebiggestcauseofartificialliftfailureforyouinthepastyear?

•Scale•Corrosion•GasInterference•SandWhattechniqueshaveyouappliedtoreduceyour

numberonecauseofliftfailure?•Towhatextenthaveyoureducedfailureratesandwhat

isthelowestrateandhighestruntimeyouhaveseenonanartificialliftapplicationtodate?

Moderated By: Mark Pearson, President, Liberty ResourcesPanelist: Leslie Malone, Senior Staff Engineer, Murphy OilPanelist: Chad Forsman, Exploitation Engineer, Legacy Reserves


10:20 Morning Refreshments In Showcase Exhibition Area

GAS INTERFERENCE: PUMP TYPE & ADD ONS

10:50 Examining The Effectiveness Of The Very Latest Pump Technologies Designed Specifically To Minimize Gas Interference Determining Whether They Can Reduce Costs Long Term

•Assessingtheeffectivenessofpumpingunitsthatallowspeedtobevariedontheupstrokeanddownstroketominimizedownholegaslocking

•Quantifyingtheextenttowhichfailureshavebeenreducedcomparedtowhenpumpswithoutthisfeaturewerebeingreduced

•Comparingthecostsvs.effectivenessofpumpaddonthatforcestheballofftheseattopreventgaslockingmid-stroke

•Hearingcasestudiesonhowpoorboygasseparatorsarebeingusedtominimizegaslockingdownhole

Leslie Malone, Senior Staff Engineer, Murphy Oil


SAND INTERFERENCE

11:30 Examining Bottom Hole Assembly Designs Being Proven To Successfully Reduce Sand Interference To Cost Effectively Extend The Life Of Pumps

•AssessingwhichBHAdesignsandcomponentsarebeingprovenmostcosteffectiveinpreventingsandinterference:

•MeshScreens•PackerScreens•CoreBoardGasAnchors•Examiningwhichtypesoffluidspeopleareusingto

maintainhydrostaticpressureandpreventsandfromenteringthepump

•Comparingthesand-relatedfailureratesofdifferentpumptypestoassesswhethercheaperpumpscanbeusedorutilizingmoreexpensiveonessaveinthelongrun

•Examininghowproppanttypeusedaffectssandinterference

•Understandinghowtodevelopmoreproppant-specificartificialliftandsandseparationtechniquestominimizefailures

•Evaluatingwhichmethodsforscreeningsandarebeingprovenmosteffectivewhendealingwithsandproblemscausedbyinterferencefromsurroundingwells

Dan Stubbs, Facilities Engineer, Samson Oil And Gas


12:10 Networking Lunch In Showcase Exhibition Area

AUTOMATION

13:10 Determining How Automation And Surveillance Are Being Used To Reduce Idle Time, Mitigate Failures And Allow Crude To Be Produced Economically At <$40-60 Per Barrel

•Surveillance:Hearinghowproductionengineersareusingexceptionbasedsurveillanceandsmartdatamonitoringtooptimizeproductionoperations

•DataFrameworks:Examininghowengineersaresettinguptheirmonitoringframeworksandwhatsignalsarebeingusedtoflagwellsforoptimization

•DataReading:Identifyingproductionstagesthatrequirebetterdatareadingtoimproveinterpretationofwellperformanceandidentifyprocessesforgreaterproductionoptimization

•SCADASystems:ExamininghowproductionengineersareimplementingSCADAsystemstooptimizeoperationofwellsintheBakken


CHEMICAL COST REDUCTION CASE STUDY

13:50 Can Cheaper Chemicals Be Effective? Determining Whether Production Chemical Program Costs Could Be Reduced To Lower Than What Was Previously Thought Possible

•CostBoundaries:Hearinghowaproductionengineerdecidedtopushtheboundariesofchemicalprogramcostsduetooilpricepressures,withoutincreasingfailureratesinthewell,todrawinsightsintohowcostcouldbereducedgoingforward

•Batchvs.Continuous:Identifyinginwhichcircumstancesbatchandcontinuouschemicaltreatmentsaremorecosteffectivetoguideselectiononwhichtoapplyandwhere

•FrequencyOfTreatment:Assessingoptimaltimingandfrequencyofchemicaltreatmenttodeterminewhich

areincurringunnecessarycosts•ChemicalVolume:Hearingwhetheroperatorsare

decidingtotaketheriskofreducingchemicalusetoloweroverallwellexpenditureinlightofcurrentoilpricesandunderstandingthecriteriabehindtheirdecisions

•DownHolevs.SurfaceLevel:Comparingthecostsvs.effectivenessofdifferentchemicaldeliverymethodstoidentifycostshavingopportunitieswhenmitigatingthepresenceofscale,saltandcorrosion


14:30 Afternoon Refreshments In Showcase Exhibition Area

OPTIMUM SCALING CHEMICALS

15:00 Ranking Chemical Types In Light Of Current Oil Prices: Identifying How The Oil Price Has Changed The Popularity Of Different Production Chemicals

•Scaling:Understandingthecharacteristicsofdifferenttypesofscaletohelpguideoptimalchemicalcompositionsforeach

•Scaling:Hearinghowanoperatorshasswitchedbetweenchemicalsfordealingwithcalciumcarbonateandbariumscalesandmeasuringthedifferenceineffectivenessbetweentypes

•ScaleSqueezing:ExploringthecostsofcarryingoutscalesqueezingasanalternativetotraditionalmethodsofchemicaltreatmentstodeterminewhichcouldhelpreduceoverallLOE

•ParaffinWax:Comparingchemicalandtreatmentmethodsforpreventinganddealingwithparaffinwaxtodeterminewhichisleastexpensiveandmosteffective

•SaltInhibitors:Analyzingtheeffectivenessofrunningintermittentsaltwaterinhibitorchemicalsdownholevs.runningfreshwaterdownthebacksideofthepumptodeterminewhichisbestatreducingfailure

•SaltInhibitors:Determiningthecostsofrunningasaltinhibitorprogramvs.theextenttowhichitcanreduceoverallfreshwatercoststoasseswhetheritisaviableoptioninthecurrentoilprice

•Testing:Usingacasestudytodeterminethebesttimetocarryoutaneffectivenesstestofscaleinhibitorsfollowingthefraccingprocess

Dan Stubbs, Facilities Engineer, Samson Resources


CHEMICAL PROGRAM DELIVERY

15:40 Evaluating Best Practices To Deliver Chemical Programs Both Downhole And From Well Surface To Determine Whether Batch Or Continuous Treatment Should Be Chosen To Deal With Corrosion, Paraffin, Scale And Salt Deposition In Most Cost Effective Manner Method

•Examiningcasestudiescomparingchemicalquantitiesandfrequencyofapplyingcoatingtotubingdownholetoidentifywhethercostscouldbesafelyshavedbyreducingapplicationfrequency

•Comparingwhetherbatchvs.continuoustreatmentismosteffectiveinextendingruntimes

•Quantifyingthecostsofeachmethodwithinthecontextofimprovedruntimestoweighupwhetherextrainitialexpenditurewillsavecostsinthelongrun

•Scrutinizingtheextenttowhichcapillarystringshavebeenproventoextendruntimevs.alternativedeliverymethodstodeterminewhichmethodismostlikelytoreduce

•Breakingdownandquantifyinghowmuchextracapillarystringscosttorunvs.wellheadinjectiontoassesswhichplacementmethoddownholeismosteconomical

•Understandingtheeffectivenessofusingadownholechemicalsticktodeliverinhibitorstodeterminewhetheritismoreeffectivethanalternativemethods


16:20 Chair’s Closing Remarks & End Of Congress

Day 2Wednesday May 20, 2015

COST & FAILURE RATE REDUCTION CHEMICAL TREATMENT, SAND PREVENTION AND GAS SEPARATION TECHNIQUES BEING PROVEN COST EFFECTIVE AT <$40-$60 PER BARREL CRUDE


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BEST PRACTICE CASE STUDIES, TECHNICAL REPORTS & DATA ANALYTICS

Dealing With Scaling In The Bakken

Carlos Cardenas told attendees at last year’s Bakken Artificial Lift and Production Optimization Congress how he had successfully dealt with scaling and corrosion problems. Leah Mooney reports.

Using Data To Predict Failures In Rod Pump Artificial Lift Systems

University of Southern California professor Raghu Raghavenda explained to attendees of last year’s Woodford Shale Production Optimization Congress in Oklahoma City how computer modelling can help prevent rod pump failures. Leah Mooney reports.

How Well Spacing Affects Production

Down spacing can allow operators to access more of the reservoir and improve reserves but can also cause interference and affect production. Statoil Subsurface Manager Paul Lundy described recent well spacing and interference tests on the Statoil fields in Karnes and DeWitt Counties, Texas to delegates at last year’s Eagle Ford Production Artificial Lift & Choke Management Congress.

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Bakken Artificial Lift Cost Reduction & Production Optimization 2015

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Transcript of Bakken Artificial Lift Cost Reduction & Production Optimization 2015