Enerplus Update

Recently I made a comment in passing about all the oil that must be coming out of Fort Berthold Indian Reservation based on reports of two or three more pipelines in the FBIR that have been approved, are in the process of being laid, or have been completed.

Tonight, in passing, I see that "Bakken Shale" updates Enerplus results by noting that ERF has recently completed six wells in the FBIR.  Four of the wells were short laterals and two of the wells were long laterals. The short laterals averaged 800 bopd over 30 days, and 650 bopd over 60 days.

The long laterals averaged 1,190 bopd over 30 days, and 1,100 bopd over 60 days.

Yup, I would say that the FBIR is a pretty sweet spot. Enerplus still has six wells on the confidential list (and these might be the same six, most undoubtedly they are), and they are all in T147N-R93W. They are all in McGregory Buttes or Moccasin Creek oil fields, west of the river.

For those who have not invested in ERF before and considering it, you may want to read this article first.