The full text of this article has been published on Seeking Alpha (see here).
Required WTI prices have been calculated for the average Bakken well for the years 2014, 2016 and a future recovery scenario. Incremental and full cost cases so as two rates of return (break even an IRR15 – the investment case) have been considered. The calculated WTI prices for 2016 are still somewhat preliminary in the article.
The relevant input data are described here.
The main results are shown in the tables below. They are explained and discussed in the mentioned Seeking Alpha article.
Required WTI prices
|Incremental cost case ($/bo)
|Full cost case ($/bo)
|Full cost case – NO Debt ($/bo)
The results are based on the average IP30 values for the respective years (560, 630, 610) , the described decline curves and GOR trends.
|EUR Well (boe)
|EUR oil Co. owned, sold (1000 boe)||300||338||322|
|EUR NG+NGL Co. owned, sold (1000 boe)||98||117||118|