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  Economics : Type Curve

Showing 3 Results


Williston Basin Refrac Performance Refrac Initial Performance Incremental Oil Rate (Bopd) 10,000 1,000 Hemi Refracs (2 wells) Five refracs completed in 100 2020 Wells performing as expected 10 0 20 40 60 80 100 120 Up to 100 remaining refrac candidates Days Post Refrac Type Curve HEMI 1-27-34BH HEMI 2-27-34BH SEVERIN 1-16-17BH SEVERIN 2-16-17BH SEVERIN 9-8-16-17LL Improving capital efficiency over time Average Refrac Cost by Year 5% improvement in costs in 2020 6.0 5.2 Severin Refracs (3 wells) 2020 refracs delivering In millions 4.1 competitive ROR at 40 WTI 4.0 3.9 2.0 0.0 2018 2019 2020 15
QEP Resources, Inc.
July 2020

OUR WELL PERFORMANCE REMAINS CONSISTENTLY STRONG NYSE American: NOG Completion technology and high-grading of well locations has led to improved well recovery across the basin NOGs INCREASING WELL PRODUCTIVITY 2015 Cum (1) HIGHER RECOVERIES + STABLE COSTS = 280,000 2016 Cum (1) +80% IMPROVED CAPITAL EFFICIENCY 2017 Cum (1) 2018 Cum (1) (1) 2019 Cum 240,000 2020 Cum (1) Higher type-curves versus 200,000 other US basins Cum Production (Boe) 160,000 2019 wells in-line with 2018 results 120,000 80,000 despite more step-out wells in 2019 40,000 0 - 30 60 90 120 150 180 210 240 270 300 330 360 2020s program looks as strong or stronger than 2019 Days Online 1. Wells assigned to years based on year in which they started producing. Cumulative type curves comprised of the following numbers of gross wells: 2015 296; 2016 162; 2017 291; 2018 479; 2019-460 ; 2020-98. Includes producing wells as of March 31, 2020. 21
Northern Oil and Gas, Inc.
June 2020

FORT BERTHOLD WELL PERFORMANCE Maintaining strong well performance at lower cost Cumulative oil production per well Well economics(1) Enerplus two-mile lateral well performance WTI Oil Price 50/bbl 60/bbl Payout: 2.2 yrs 1.3 yrs 500 IRR: 40% 80% Cumulative oil production (mbbls) Breakeven (10% IRR): 38/bbl WTI 400 300 Total Well Costs (USMM) (2) 8.1 200 6.8 100 1.3 MILLION WELL COST - REDUCTION 0 100 200 300 400 500 600 Producing days 2017 2020 YTD 2017 wells 2018 wells 2019 wells 2020 wells 2017 Avg 2018 Avg 2019 Avg 2020 Avg 1) Well economics are based on the average 2P reserves booked per undeveloped location for a 2-mile lateral (730 mboe) and a total well cost of US6.8MM. 13 2) Well cost for a 2-mile lateral including drill, complete, tie-in and facilities costs.
Enerplus Corp
May 2020

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