American Energy Update: Part II

Just after announcing a couple good wells in some quiet areas in the Williston Basin, American Energy is granted another permit in the same area, Ray oil field, #19066, Hickel 15-35H.

For those who may have forgotten, American Energy recently sold all assets in Wyoming to become a pure Bakken play company.

Two More Monster Wells (BEXP)

"Despite all the the talk about inflated IPs, all things being equal, I would rather have my well come in with a 24-flowback of 5,035 barrels of oil versus a dry hole." -- Mark Twain

*****

Yup, today's announcement by BEXP will generate a lot of discussion. BEXP announced two more monster wells with 24-hour flowbacks in red:

• Jack Cvancara 19-18 #1H, 5,035, Ross project area, 83% working interest
• Tjelde 29-32 #1H, 3,171, Rough Rider project area, 77% working interest, 30 frac stages

The Jack Cvancara "apparently" has the second highest initial rate for a Bakken well in the Williston Basin after Brigham's Sorenson 29-32 #1H, which had a 24-hour flowback of 5,133 barrels

From the press release: "Brigham's accelerated development of its core operated acreage in Williams, McKenzie and Mountrail Counties is proceeding as previously outlined with five operated rigs drilling, four of which are located in Rough Rider with an additional rig located in Ross. In addition, one Bakken well is currently fracking and five wells are waiting on completion." [Note: my spelling for "fracking."]



It's Only Make Believe, Conway Twitty -- yeah, it's only make believe, 5, 035 boepd