More On the Eco-Pad Permit Noted Yesterday -- Bakken, North Dakota, USA

Yesterday it was noted that CLR has four permits for an Eco-Pad series:

• File numbers: 20609, 20610, 20611, and 20612; a Salo/Hamlet Eco-Pad in section 35-160-96
• The two Salo wells will be long laterals going north, sections 35/26 in T160N-R96W
• The two Hamlet wells will be long laterals going south, sections 2/11 in T160N-R96W
• Spacing for all wells, according to the GIS map server: 1280-acre

There are already two producing wells in the same sections:

• 17587, 807, CLR, Salo 1-26H, spud 10/12/09; IP test date 4/11/10; total cumulative 59K,
• 17429, 435, CLR, Hamlet 1-11H, spud 9/26/08; IP test date 12/9/08; total cumulative 101K,
• Both are running about 2,000 barrels oil/month, slow decline now

At 101K cumulative, that well may be close to paying for itself (at the wellhead); if so, nice cash flow for the next 25 years as well as holding the acreage by production for more Bakken wells, or other formation.

Note: the relative short period to bring on-line #17429 compared to #17587, suggests problems with the well, or most likely, already seeing fracking backlog.