North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000...

17
600 East Boulevard Ave. - Dept 405 Bismarck, ND 58505-0840 (701) 328-8020 (701) 328-8000 North Dakota Department of Mineral Resources http://www.state.nd.us/ndgs http://www.oilgas.nd.gov

Transcript of North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000...

Page 1: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

600 East Boulevard Ave. - Dept 405 Bismarck, ND 58505-0840

(701) 328-8020 (701) 328-8000

North Dakota Department of Mineral Resources

http://www.state.nd.us/ndgs http://www.oilgas.nd.gov

Page 2: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

What’s Ahead?

Page 3: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

North Dakota Oil Production

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,00019

70

1975

1980

1985

1990

1995

2000

2005

2010

2015

2020

2025

2030

2035

2040

2045

2050

2055

2060

2065

2070

2075

2080

2085

2090

2095

2100

Bar

rels

per

Day

History Peak Production Estimate Current ND Revenue Estimate Current Production Limited-No Drilling

G1 G3 G2 G4 G5

Page 4: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

What’s Ahead? • >Spearfish play is entering “Homestead” phase • Tyler play has entered “Discovery” phase • Bakken-Three forks optimization

– Harvest phase – Inter-well distance – Completion technology – Gas capture – facility optimization – waste reduction/reuse

• Geological Survey is studying formations below the Bakken-Three forks – Temperature Survey project

• Bakken-Three forks Enhanced Oil Recovery

Page 5: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

210 rigs

Page 6: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

What’s Ahead? • Spearfish play is entering “Homestead” phase • >Tyler play has entered “Discovery” phase • Bakken-Three forks optimization

– Harvest phase – Inter-well distance – Completion technology – Gas capture – facility optimization – waste reduction/reuse

• Geological Survey is studying formations below the Bakken-Three forks – Temperature Survey project

• Bakken-Three forks Enhanced Oil Recovery

Page 7: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

210 rigs

Page 8: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

What’s Ahead? • Spearfish play is entering “Homestead” phase • Tyler play has entered “Discovery” phase • >Bakken-Three forks optimization

– Harvest phase – Inter-well distance – Completion technology – Gas capture – facility optimization – waste reduction/reuse

• Geological Survey is studying formations below the Bakken-Three forks – Temperature Survey project

• Bakken-Three forks Enhanced Oil Recovery

Page 9: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

BAKKEN

Bakken Producer

Page 10: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

Well density is the big question

Source: Continental Resources

Page 11: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000
Page 12: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

Typical Bakken Well Production

1321

482

169118

92 75 63 56 51 48 46 44 41 39 37 35 34 32 30 29 27 26 25 24 22 21 20 19 18 17 16 16 15 14 13 13 12 11 11 10 10 9 9 8 8 8

0

200

400

600

800

1000

1200

1400

0 5 10 15 20 25 30 35 40 45 50

Year

Bar

rels

of O

il pe

r Day

Page 13: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000
Page 14: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

What’s Ahead? • Spearfish play is entering “Homestead” phase • Tyler play has entered “Discovery” phase • Bakken-Three forks optimization

– Harvest phase – Inter-well distance – Completion technology – Gas capture – facility optimization – waste reduction/reuse

• >Geological Survey is studying formations below the Bakken-Three forks

• Temperature Survey project

• Bakken-Three forks Enhanced Oil Recovery

Page 15: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000
Page 16: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

What’s Ahead? • Spearfish play is entering “Homestead” phase • Tyler play has entered “Discovery” phase • Bakken-Three forks optimization

– Harvest phase – Inter-well distance – Completion technology – Gas capture – facility optimization – waste reduction/reuse

• Geological Survey is studying formations below the Bakken-Three forks – Temperature Survey project

• >Bakken-Three forks Enhanced Oil Recovery

Page 17: North Dakota Department of Mineral ResourcessAhead_.pdf · North Dakota Oil Production. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

North Dakota Oil Production

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,00019

70

1975

1980

1985

1990

1995

2000

2005

2010

2015

2020

2025

2030

2035

2040

2045

2050

2055

2060

2065

2070

2075

2080

2085

2090

2095

2100

Bar

rels

per

Day

History Peak Production Estimate Current ND Revenue Estimate Current Production Limited-No Drilling

G1 G3 G2 G4 G5 Reclaim

EOR? >>>>>>>