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Neset Consulting Service

NDPC Annual Meeting Grand Forks, ND. Neset Consulting Service. Presented by: Kathleen Neset. Active Drilling Rigs in ND Courtesy of the NDIC. Williston Basin Deposition - ND. Assessment Units. USGS News Release April 30, 2013. 7.4 BBO Bakken and Three Forks

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Neset Consulting Service

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  1. NDPC Annual Meeting Grand Forks, ND Neset Consulting Service Presented by: Kathleen Neset

  2. Active Drilling Rigs in NDCourtesy of the NDIC

  3. Williston Basin Deposition - ND

  4. Assessment Units

  5. USGS News ReleaseApril 30, 2013 7.4 BBO Bakken and Three Forks 3.65 BBO Bakken 3.73 BBO Three Forks 4.42 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.

  6. North Dakota Stratigraphic Column Bakken Formation ~360 Million Years Old Paleozoic Era Mississippian/Devonian Period ~110’ thick Three Forks/Sanish ~370 Million Years Old Paleozoic Era Devonian Period ~240’ thick Bakken Three Forks

  7. Stratigraphy “False Bakken” Lodgepole Formation Pelmatozoan limestone Mississippian upper Bakken Formation middle lower Devonian “Sanish” Three Forks Formation

  8. Bakken 9030 Shale

  9. 9170 Middle Bakken Siltstone

  10. Williston Basin Geology

  11. Mud Motors Drillpipe Non-magnetic Drill Collar Bent Sub Mud Motor Rotating Sub

  12. Stage Frac

  13. Composition of Frac Fluid

  14. Bakken Moving ForwardSustainability • 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

  15. Phase III

  16. Additional Development

  17. Downspacing Potential

  18. Three Forks • Courtesy of Continental Resources

  19. Earthquakes • 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.

  20. How Much Bigger Can Bakken Get Tertiary recovery • 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?

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