Thursday, February 17, 2011

Eight (8) New Permits -- QEP With an "Eco-Pad-Like" Endeavor -- North Dakota, USA

On a day that we hit a new record for rigs actively drilling in North Dakota, we see eight (8) more permits.

Producers: QEP (4), SM (2 ), XTO, Zavanna.

Fields: Heart Butte, Long Creek, Elk, and West Ambrose.

XTO had one of the permits in Heart Butte, but QEP had four permits in Heart Butte. All four (4) are on the same pad. Is this an Eco-Pad-like endeavor? The four wells will be in section 32-150N-91W.

The rest of the daily activity report was pretty unremarkable, although Wesco got a nice well targeting the Red River in Golden Valley with an IP of 211

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