How much oil can one reasonably expect that a Bakken well will produce over the lifetime of that well?
The oil industry refers to this figure as the estimate of ultimate recovery (EUR). Back in 2007, EOG opined that the EUR from each of its wells in the Parshall could be 750,000 barrels of oil equivalent. In January, 2010, CLR opined that dual laterals will add another 400,000 barrels to the EUR. By the way, this comes with a newly revised EUR of 280,000 boe in east Texas (Texas Barnett Combo). It should be noted that EOG sits in one of the “sweet spots” in the Williston Basin and their wells are probably going to return much, much more than the “average” well in the basin. But there are “crazy numbers” out there.
