Hulsey said the company is also working out a new spacing unit for Richland County. “If we were using 2015 technology, we wouldn’t be doing those (wells),” he said. “We need to do it now,” he said. “And it is truly making a difference with what has happened in America. Hulsey, Continental Oil’s Sr. Vice President for Health, Safety and Environment, and Government and Regulatory Affairs, doubled down on the company's recent estimates that there are actually 30 billion to 40 billion barrels of recoverable oil in the Bakken. He showed graphs of type curves for well production that show how return on investment is both coming in sooner and getting larger. “We think the total Bakken is a huge field as far as the world is concerned,” Hulsey said. “It is an absolute oil machine out there, and it will be just fantastic to see that when it is fully developed.”.

Continental is continuing to run six rigs in the Bakken, and represents 14% of its overall production. Promoting the glamorous lifestyle of the Bakken oil patch. Another Bakken talking point, Hulsey suggested, is the sheer size of it. “The Permian is pushing out a lot of water, and they’re having to figure out what to do with it.

There’s been a lot of buzz in the oilfield world about the Permian, Hulsey said, but the Bakken has good talking points, too. Preparing a child for sports requires more than just getting... New or Renewing Subscribers Get 10% off 52 Week Subscription! The Herald also publishes the Bakken Living lifestyle magazine and the Plains Reporter.

America’s shale revolution, in which the Bakken is a big player, is changing the whole dynamic of where the United States is as a country. That’s four to five times larger than the government’s most recent estimates. “We have an administration that is not stopping development in this country. Helping Your Competitive Child Cope with Losing ... “Three of our top 10 units came in 2019.” ... Hulsey showed the Bakken is geographically as large as the Delaware and the Permian Basins side by side. “We’ll be piping our oil and gas — it is just north of the river — so it is an environmentally sensitive area that we are paying attention to,” he said. Last day for Nominations!! But the industry has responded by getting better. The Williston Herald is a 5-day daily newspaper for northwest North Dakota and northeast Montana in the heart of the Bakken oilfield. Grand Forks,

Among the talking points he suggested is the large amount of water the Permian gets with its oil.

Limited Time Offer. That’s not thanks to 2015 technology, though, Hulsey added. This is nothing new, as construction…, Pheasant Run Apartments is located in the Bakken economic hub of Williston, ND and is comprised of 48-units on 1.9 AC   WILLISTON, ND — September 25, 2018 — Energy Real…, ERES Founder & Managing Principal Mike Elliott was featured today in the Williston Herald providing his boots-on-the-ground insight into the continued upticks in Bakken commercial real estate activity. “It is the American ingenuity in this room,” he said. Meanwhile, he said recovery rates in shale plays continue to grow.

They used to be around 3% but are now more like 20%.

Unlimited Digital Access $1.49/week! Show Us Your Lights for Our Photo Contest! “That gets us to a reasonable rate of return at lower costs,” he said. We have over 160 nominations in our first day of nominations being open. “We appreciate the Conservation Commission and everyone who worked with us on this, and I think that is what is going to continue the great things that are going on in Richland County,” Hulsey said.

“But your recovery factor is that much more.”. Please email any corrections on the nominations list to [email protected]

“We don’t talk about ourselves as the greatest oil country in the world, and we need to.”. We have professional, courteous, and friendly agents dedicated to assisting you achieve your real estate goals! “That is where our sweet spot is.”. “We have this amazing resource, but we don’t talk about it,” he said. The first production is expected from it in 2020. “We are consistent with those rigs, and we have about four to five stimulation crews,” Hulsey said.

20 Under 40 banquet 2019 - Duration: 6 minutes, 29 seconds.

— Americans haven’t talked about their country as the greatest oil country in the world, but they need to, Continental Oil’s Blu Hulsey told a crowd of oil and gas industry professionals, who gathered in Billings Wednesday, Aug. 28, for the annual Michigan Petroleum Association Conference. About. How to Make Athletic Sneakers Last Longer. Father's Day Photo Contest Ends June 23rd! “There’s still oil you’re leaving in the ground,” Hulsey said. Whether it’s residential, commercial, or land, we realize how significant buying/selling is to our customers. Williston Herald - COVID, the economy and the future of Williston were some of the topics discussed at the Chamber of Commerce’s Coffee and Conversations on Tuesday morning, Oct. 27. “The stimulation has changed, the speed has changed.”, “We are still getting better with our units and development,” he added.

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