DENVER—Whiting Petroleum President and CEO Brad Holly kicked off DUG Rockies by counting four reasons the Bakken is attractive: enhanced completions are delivering outstanding EURs; the wells generate strong free cash flow; services are available; and regulations are favorable.
He also told the crowd Whiting's Gen 4 Bakken completions feature 600 to 1,200 lbs/ft proppant, 200 to 300 ft stage spacing, 15 to 40 bbl/ft and 30 to 50 ft cluster spacing.
Holly said Whiting is looking at exiting the D-J Basin and focusing on the Bakken.
DUG Rockies takes place throughout the day. To follow speakers and to read what industry insiders are saying about the Bakken and Niobrara check back or follow @HartEnergConf on Twitter.
Recommended Reading
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-26 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
2024-04-26 - Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
Marathon Oil Declares 1Q Dividend
2024-04-26 - Marathon Oil’s first quarter 2024 dividend is payable on June 10.
Talos Energy Expands Leadership Team After $1.29B QuarterNorth Deal
2024-04-25 - Talos Energy President and CEO Tim Duncan said the company has expanded its leadership team as the company integrates its QuarterNorth Energy acquisition.