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Ted Cross
@tedcross
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Geologist, product manager, data science enthusiast. https://t.co/aoaf8a4lHK https://t.co/bQo5y0vzsA
Austin
Joined May 2009
@HedgeDirty Worth reading John McPhee’s “control of nature,” which covers the recurrent fires in the area and subsequent mudslides/ debris flows
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@scbenergy Yes, eventually I will! There are enough reporting delays, so it won't be til later this year that we know how the wells from September, October, Nov, Dec will be doing long-term
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RT @novilabs: Missed Brandon Myers’ presentation at #SPEDenver? Don’t worry—you can still catch all the insights from the #RockiesResourceR…
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RT @sidsubramani: I fully recommend The War Below. While those of us in industry were aware of the core issues detailed in the book, the st…
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RT @novilabs: Missed our most anticipated #SPEDSEATS webinar yet?👀 Dr. Dillon Niederhut breaks down #causalinference and how it’s revoluti…
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RT @novilabs: What role does #AI and #machinelearning play in transforming the #oilandgas industry?🤔 Jon Ludwig, President and Co-Founder…
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RT @BrandonMyers10: For anyone wondering what this looks like from 30,000 ft view. In tier-2 through 4 rock we see anywhere from a ~15% to…
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Hm well I would question the premise, the technology is continuously evolving, shale reservoirs & unconventional technology are still relatively young in the grand scheme. But let's say I assume no "gamechanger" technologies like some EOR that doubles EURs, and we continue with incremental improvements like completions optimizations and longer/more-complex laterals. From a bottoms-up analysis, I think there is capacity maintain production for the next 15-20 years. Out to 2050 is harder. $70-120 is quite a range, if we are at the lower end, it could be a lower, longer plateau; if $120, could have production increases. That is just a 'gut check'... we are still working on our L48-wide inventories and supply forecasts and I reserve the right to change my mind :) Also, gas price matters quite a bit, too.....
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@KramerKarma1 Thanks! I don't have the IP365 handy but Bakken-TF Tier 2 does ~40 bbl/ft EUR on average. Proper spacing is in the eye of the beholder, but average in the basin has drifted up quite a bit from ~440' in 2021 to ~660' in 2024. (that is w.r.t. the closest well, bakken or TF)
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@peidaqi @calvinfroedge Of course, it's very oversimplified. Just throwing out some high-level numbers. We include all of that in our economic analysis.
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