Get the free Bakken Reserve Estimates - State of North Dakota - nd

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This data was updated by Schooner and Hester. (1983) who estimated that the Taken was capable of generating 132 Balls of oil in North Dakota and ...

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How to fill out bakken reserve estimates

How to fill out bakken reserve estimates:

01

Collect all available data on oil production, well productivity, and geologic information within the Bakken formation.

02

Use this data to calculate the estimated Ultimate Recovery (EUR) per well in the Bakken formation.

03

Determine the number of wells that have been drilled or are planned to be drilled in the Bakken formation.

04

Multiply the EUR per well by the number of wells to estimate the total oil reserves in the Bakken formation.

05

Consider factors such as technological advancements and economic conditions to adjust the reserve estimate if necessary.

Who needs bakken reserve estimates?

01

Oil and gas companies operating in the Bakken formation require reserve estimates to assess the economic viability of their drilling operations.

02

Investors and financial institutions use bakken reserve estimates to evaluate the profitability and investment potential of oil and gas companies operating in the Bakken formation.

03

Government agencies and regulatory bodies may rely on bakken reserve estimates to monitor and manage oil and gas activities in the region, as well as for tax and royalty calculations.

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What is bakken reserve estimates?

Bakken reserve estimates refer to the estimated amount of oil reserves located in the Bakken formation, which is a major shale oil play in North Dakota and Montana.

Who is required to file bakken reserve estimates?

Companies and operators involved in oil exploration and production activities in the Bakken formation are required to file bakken reserve estimates.

How to fill out bakken reserve estimates?

To fill out bakken reserve estimates, companies need to compile data on their oil reserves in the Bakken formation and submit the necessary reports and documentation to the relevant regulatory authorities.

What is the purpose of bakken reserve estimates?

The purpose of bakken reserve estimates is to provide an accurate assessment of the oil reserves in the Bakken formation, which helps in planning and decision-making for oil companies, investors, and regulatory agencies.

What information must be reported on bakken reserve estimates?

The information reported on bakken reserve estimates usually includes the estimated oil reserves, production rates, geological data, and other relevant information specific to the Bakken formation.

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