Article about Petroshale partner EOG's future bakken wellsThe clipping is from the article on EOG Resources. I believe Petroshale purchased the 18.75% in the
Antelope extension. Petroshale is going to show fantastic growth over the next 3-6 months!
https://seekingalpha.com/article/2104673-eog-resources-well-positioned-in-the-bakken-and-permian-basin?source=yahoo
Bakken: a growth story
Bakken has also transformed from a steady development to a high growth play through completion improvements and cost efficiencies. During 2013, the Bakken contributed gross production of 86 MBoed, reflecting an increase of 38 percent.
The successful drilling results in the Three Forks formation have led the company to test additional benches during 2014. It plans to drill 80 net wells this year up from 54 in 2013. The company will be focusing on two areas: the Bakken core and the Antelope extension. During 2013, the average well performance of the Core and Antelope increased by 50 percent from 894 Bopd to 1,342 Bopd by the end of 2013. Similarly, the average cumulative oil production (100 days) also improved by 63 percent. The potential of the two areas can be seen in the figure below.
Source: Investor presentation
The US Energy Information Administration estimates that around 35 percent of the Bakken natural gas production was flared or otherwise not marketed due to lack of midstream infrastructure. But the recent step taken by Energy Transfer partners (ETP), such as the construction of the pipeline, will help EOG to increase the production to the next level.