New Wells Reporting -- April 26, 2010

Finally, a few more wells reported today. See "new wells reporting."

I've added the "high initial production wells" and numbers to the site.

Although Bice 2-29H had reported earlier (press release), today's daily activity report provides an opporutnity to re-state why this well was on the "wells to watch" list:

Dual-reservoir development (Bakken/TFS)


16943, Bice 1-29H, 516
17884, Bice 2-29H (first of two to report), 1,429*

18352, Omar 2-1H (second of two), 694
17282, Omar 1-1H (first of two), cumulative 137K in about 15 months (huge well), 660

(Omar 1-1H, completed in 3rd quarter of 2008, had produced a cumulative 137,300 boe at year-end 2009. At $60/bbl = $8.25 million.) Omar 1 and Omar 2 were drilled by CLR as a test to see if the Bakken and the TFS were separate formations. The fact that Omar 1 produced a cumulative 137,300 boe even though Omar 2 was drilled parallel to and offset from Omar 1, suggests to some that the two formations, at least in this locality, are separate.) Bice 1-29H (#16943) had an IP of 516.  Folks are wondering what this is all about. I, too, am curious. 

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