Three Recent TFS Stories -- Whiting's Record TFS Well -- Huge Story -- Bakken, North Dakota, USA -- September 27, 2011

This is kind of interesting and predicted some time ago.

Just as drilling in the Bakken formation is entering the "manufacturing stage," we are now seeing increased activity in the Three Forks formation, as evidenced by the recent Oasis presentation (just posted), the BEXP "record" TFS well, and now a story in Rigzone about Whiting's "record" TFS well.

In the Whiting's Pronghorn area of the Lewis & Clark prospect, Whiting completed the Smith 34-12TFH in the Sanish Sand formation flowing 2,446 barrels of oil and 2,959 Mcf of gas (2,939 boe) per day on September 15, 2011. The well was tested on a 48/64-inch choke with a flowing casing pressure of 875 psi.

The Smith well, which was drilled on the southeast side of the prospect in Stark County, North Dakota, was fracture stimulated in a total of 30 stages. The Smith 34-12TFH was drilled about a mile northwest of the Whiting-operated Hecker 21-18TFH, which posted the highest initial production rate for any Three Forks well drilled in the Williston Basin at 3,612 boe per day.

The Pronghorn area comprises 123,500 gross (114,700 net) acres, which is approximately 15% larger than the Company's Sanish field. Whiting holds a controlling interest in 75 1,280-acre spacing units at Pronghorn.

It should be noted that the article, which might have been a press release from WLL suggested that the Pronghorn is part of the Lewis & Clark prospect. They are in close proximity, sharing a very small piece of their borders, but still separate prospects, at least according to the corporate presentations.

Dickinson't is the county seat for Stark County.

This is really quite an incredible story. Two data points:

• Whiting's Sanish field has been spectacular for Whiting; they are easily going to put in 7 to 8 wells in each spacing unit in that field
• Whiting's Pronghorn prospect is 15 percent larger than its Sanish field

I.N.C.R.E.D.I.B.L.E.

Oh, by the way, BEXP's "record" TFS well:

• 20640, 2,906 boe, BEXP, Irgens 27-34 2H, East Fork field, Bakken