This is What Keeps Me Excited About the Bakken: The Dinsdale 2-4

I posted this many months ago, but it's been buried, so I thought I would bring it back. This is a conventional well (vertical, not horizontal) in the Dickinson area, spudded in 1996, targeted the Lodgepole, and has produced more than 4.6 million barrels of oil as of last October, 2009.

Dinsdale 2-4 (Lodgepole, conventional well)

Permit/File Number: 14213
Producer: Trans Texas Gas
IP: 3,357 bbls/day
IP Test date: 12/30/1996
Cumulative oil: 4,634,619 (as of October 5, 2009)
Cum MCF Gas: 1,901,850 (316 boe)
Comment: this was a Lodgepole well; inside the city limits of Dickinson; a vertical well. This is a phenomenal story: 4 million barrels oil since spudding, and it continues to average 250 bbls/day. One just has to wonder how big that pool of oil is.

Note the file number, 14213; NDIC is now approaching 19000.

4 million barrels at $40/barrel = $160 million at the wellhead; at $20/barrel, it's still $80 million.