Wow, Wow, Wow -- Great Wells On Today's Daily Activity Report -- Bakken, North Dakota, USA

These were some of the wells that were reported on today's daily activity report:

• 19512, 1,959, WLL, Oja 14-27XH, Sanish, Bakken, spudded 10/10; tested 2/11
• 19502, 2,720, WLL, Niemitalo 31-15XH, Sanish, Bakken, spudded 10/10; tested 2/11
• 19222, 1,100, WLL, Bartleson 21-3H, Sanish, Bakken, spudded 10/10; tested 2/11
• 19005, 1,289, WLL, Satterthwaite 43-1H, Sanish, Bakken, spudded 10/10; tested 2/11
• 18889, 1,512, Murex, Kevin Wayne 10-3H, West Bank, Bakken, spudded 9/10; tested 3/11

It goes without saying that these are incredible wells.

The Niemitalo 31-15XH (#19502) runs parallel to the Kinnoin 11-14H which had an IP of 3,311, and has produced 402,351 bbls of oil as of 1/11. It was spudded 8/08.  (At $50/bbl, 400K bbls = $20 million.)

And 500 feet east of that well, and running parallel is Kinnoin 21-14H, which had an IP of 2,404.  It has produced 244,073 bbls as of 1/11. It was spudded 1/10 (about a year ago). It is still producing 13,000 bbls/month. (At $50/bbl, 250K bbls = $12.5 million [and that's about one year]). 

And I remain inappropriately exuberant about the Bakken. Remember, these Bakken wells are expected to produce for 25 - 30 years.