Oasis tripled reserves in 2010. Has more than 1,000 gross drilling locations; drilled 26 gross wells in 2010. Lots of work to be done.
This link includes a 4Q10 operations update. Some data points (some figures rounded):
- Proved reserves tripled in 2010 to 40 million, up from 13 million boe
- Completed 26 gross operated wells in the Williston Basin in 2010
- Operated and non-operated basis: 116 gross (29 net) wells
- Average production increased by 155 percent, from 3K boepd to almost 8K boepd
- 303,231 net acres in the Williston Basin
- Oasis estimates it has 1,303 gross drilling operations
- East Nesson inventory: three wells per spacing unit (excluding previously drilled wells)
- Sanish (more mature): up to 3 Bakken and 2 TF wells per spacing unit (excluding previous wells)
- Assuming 3 TF wells/spacing unit, this would add an additional 1,155 potential gross TF wells
- In all, the company believes it has an aggregate of 2,458 gross potential drilling locations targeting these two formations
2,458 potential gross drilling locations -- and in 2010, a very busy year, they only drilled 166 -- yeah, there's a lot of work to be done!
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