Insight and inspiration in turbulent times.
This post presents a study of developments of Light Tight Oil (LTO, shale oil) extraction for 8 companies in Bakken(ND) that as of April 2015 had added around 600 (or more) producing wells in the Bakken/Three Forks formations since January 2008.
The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows.
To get some understanding of what will drive future developments on Light Tight Oil (LTO) extraction in Bakken, it is helpful to look at individual companies.
In this post I present a retrospective look at my prediction from 2012 published on The Oil Drum (The “Red Queen” series) where I predicted that Light Tight Oil (LTO) extraction from Bakken in North Dakota would not move much above 0.7 Mb/d.
