Three Nice Wells Reported Out Today -- All Bakken Wells

After the last few days of  not many "good" wells, this was a welcome relief, to see the results of the three wells reported below.

In the last month or so, EOG has had some wells with smaller IPs than expected in their core Bakken areas. The EOG wells below are more like it.

For newbies, the Van Hook field is west of the Parshall, much of it inside the reservation, and a very good field. Of course, the Parshall is the prolific field "owned" by EOG.

The Painted Woods field is a relatively new field northwest of Williston that has really opened up a new area in that part of the Bakken. Although many operators are in this field (EOG, Oasis, Slawson, etc.), I've always thought of the Painted Woods as a "BEXP field."

• 18504, 2,195, EOG, Van Hook 7-23H, Van Hook, Bakken
• 18057, 1,654, EOG, Fertile 37-07H, Parshall, Bakken
• 18955, 2,003, BEXP, Weisz 11-14 1-H, Painted Woods, Bakken

When looking at these IPs, it is best to compare IPs within the history of the various producers, not compare operator to operator.  In other words, one expects BEXP to report IPs in the Painted Woods field to be 2,000 bbls. Anything less is a "disappointment."

For EOG, in the Van Hook, a 2,200 IP is pretty special, not unusual, but very nice to see.

Oh, and for newbies, the "reservation" referred to above, is the Fort Berthold Indian Reservation. This was in the news earlier this week when Williams Cos bought 85,000 net acres inside the reservation. The development of the reservation was delayed about two years compared to other parts of the Bakken due to federal bureaucratic delays.