At the Platts Oil and Gas Conference in Denver last week, one of the best presentations was from David Stone, Director Portfolio and Business Strategy with Marathon’s Onshore Exploration group. His presentation was titled The Bakken System and the Vision For growth, and covered the resource potential, projections, and Marathon’s position in the play. I’ll hit the high points from my notes taken during the presentation. I’ll also reference a few of the slides included as an attachment at the bottom of this blog posting.
As you probably figured from the title of this piece, the overarching message was one of abundance. There is a lot more to the Bakken than just the Bakken. Next door there is the Lodgepole above and the Middle/Lower Three Forks below. But higher above there is also the Tyler system and the Madison group. And further below the Duperow, Winnepegosis, Red River and Deadwood. This thing could go on forever.
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