NOTE: another company that estimates six (6) wells per 1280-acre spacing unit.
Datapoints:
- Bakken net acreage now up to 27,000 net acres (last report, 24, 000 net acres) -- ND and MT
- In 2011 (to date) Voyager has acquired 3,133 net mineral acres at an average price of $1,239 per acre in the Williston Basin targeting the Bakken and Three Forks formations
- Assuming six wells per 1,280-acre spacing unit, this acreage position will allow Voyager to participate in approximately 126 net wells
Brigham Exploration, one of Voyager's operating partners, recently announced the results of the Johnson 30-19 #1H well in Richland County, Montana. The Johnson well was reported to produce 2,962 barrels of oil equivalent "BOE" during its early 24-hour peak flow back period. Voyager currently controls approximately 11,000 net acres within 10 miles of the Johnson well including 5 operable sections.NOTE: in the data points below, it is noted that one of BEXP's new wells, the Johnson 30-19 1H, set a new Montana record of initial production. One can find the location of this Montana well by going to slide 35 of BEXP's April, 2011, corporate presentation. This is a very important well. It is located about 15 miles northeast of Elm Coulee field where the current Williston Basin Bakken boom began back in 2000. This confirms a new area sitting between Elm Coulee and Williston, North Dakota. On that slide, all the green dots in the lower left hand corner are in Elm Coulee.
In the Bakken:
- Voyager has spud 27 gross wells in 2011 bringing the total well count to 45 wells targeting the Bakken/Three Forks formations.
- Currently, 1.72 net Bakken/Three Forks wells are drilling, completing or producing.
- Voyager expects to participate in 70 gross wells and 6.0 net wells in 2011 targeting the Bakken/Three Forks.
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