Required Recovery for 20% IRR

$20 Oil

Recovery Required: 2,500 gross BO/acre

Recovery Factor Resource Threshold

30% P+S 8,500 BO/acre

25% P+S 10,200 BO/acre

$25 Oil

Recovery Required: 1,650 gross BO/acre

Recovery Factor Resource Threshold

30% P+S 5,500 BO/acre

25% P+S 6,600 BO/acre

Kansas Geological Survey