Link here.
Brigham announced the successful completion of the Gobbs 17-8 #1H Montana Bakken well at an early 24-hour peak rate of approximately 1,818 barrels of oil equivalent (1,544 barrels of oil and 1.64 MMcf of natural gas) after being fracture stimulated with 36 stages. The Gobbs 17-8 #1H, which is located approximately 16 miles west of the border between North Dakota and Montana in Roosevelt County, represents Brigham's second best early peak rate in Montana, relative to Brigham's Johnson 10-19 #1H which is located just under five miles from the border. Brigham anticipates that it will complete and bring on line to production four additional Montana Bakken wells over the next several months.I don't follow the Bakken, but there are exceptions. It looks like I will have more and more exceptions.
I still don't understand why more drilling is not occurring in the Roosevelt Co. Area. There are numerous amounts of acreage nearing expiration dates but with more wells like the newly completed Brigham, the drilling activity might increase in the Roosevelt area.
ReplyDeleteI think they are drilling about as fast as they can in the North Dakota Bakken.
ReplyDeleteBut you are correct; if the roads, etc., are such a problem in North Dakota, it is surprising the oil companies haven't tried to spread out a bit.
I also don't know the tax structure in Montana vs North Dakota, or how fast the regulators work in Montana compared to North Dakota to support the industry. Things seem to work very smoothly -- at least what I see on the NDIC website.