Saturday, February 19, 2011

EOG Reports Two Great Wells: Bear Den and Round Prairie -- Bakken, North Dakota, USA

In yesterday's earnings conference call, transcript at SeekingAlpha, EOG announced the results of two Bakken wells, which are still on the confidential list:
Our recent drilling efforts have been to test areas outside the core, and we've had very good results. Typical results on our Round Prairie 10-1819H well near the Montana's South Dakota Stateline, which tested at 1,458 barrels of oil per day and 600 MCF of gas per day and the Bear Den 7-17H west of our core field, which IP-ed at 1,882 barrels of oil per day.
The EOG spokesman misspoke, or the transcriptionist erred in typing: the Round Prairie well is in the Round Prairie oil field on the Montana/NORTH Dakota border, not South Dakota border.

The Round Prairie oil field is in North Dakota, west of the Painted Woods field, just northwest of Williston. The Bakken, to the best of my knowledge, does not extend as far south as the South Dakota border.

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1. The Round Prairie 10-1819H, #19478, is in the Round Prairie oil field northwest of Williston, west of the Painted Woods oil field. It's right along the Montana / NORTH Dakota border, not South Dakota border. He and Jim Cramer, for some reason, have the Bakken in South Dakota. At the time EOG was issued the permit for this well, it was considered a wildcat.

2. Bear Den 7-17H (#19170), of course, is inside the reservation (Spotted Horn).

2 comments:

  1. FYI, this is a link to a file that shows what the state geologist from South Dakota thinks is how extensive the existence of the TF is in South Dakota.

    http://denr.sd.gov/des/og/documents/ThreeForksCorrelationChart_000.pdf

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  2. Thank you. That's a great file; I had not seen it before.

    WLL is targeting the Three Forks "pinchout" in southwestern North Dakota. It will be interesting to see how far south they get.

    I will link the South Dakota TF file under the "Geology" tab.

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