How much oil is anybody’s guess. My own is that we are reaching the limits of peak production as infill drilling occurs and we find interference between wells(which means the new wells are competing with older wells for same oil).
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Does this mean you don’t buy Continental’s claims that their new spacing and methods will significantly increase their yields perhaps to as much as 50% of oil in place — as you mentioned earlier on the thread?
“Does this mean you don’t buy Continental’s claims that their new spacing and methods will significantly increase their yields perhaps to as much as 50% of oil in place — as you mentioned earlier on the thread?”
It is impossible to claim a 50% recovery of OOIP in rock of this quality. Any technical person who claims this is no better than AlGore making Global Warming predictions. Physics does not lie.
Coincidentally, I am on the way to Denver to a Bakken conference in which these claims might be broadcast. http://www.bakken-completions-2014.com/3/agenda/23/agenda/
I am prepared to refute.