Wells Fargo Equity Research hosted a conference call July 2 with management from privately held Liberty Resources to discuss the slickwater completion technique it has used in the Bakken. In its follow-up research note, Wells Fargo’s E&P team summarized the call as follows:

“Liberty’s philosophy is ‘reservoir stimulation, not proppant disposal’. To enhance contact area and conductivity, Liberty generally uses plug’n perf, ceramic proppant, and slickwater in its completions.

“Management provided data showing this combination can improve cu...

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