Let's Wait To See the IP Before Getting All Excited -- The Bakken, North Dakota, USA

Update

August 17, 2012: 

• 21002, 384, GMXR, Wock 21-2-1H, New Hradec, t10/11; cum 28K 6/12; a mediocre well;

Later: I was sent some additional information regarding the GMXR well a week or so ago; I'm finally getting around to posting it:

In regards to the GMXR "long" lateral in Stark county if you pull the atlas on it you will notice that it sits right on the county line between Stark and Dunn County. This makes the one section come in around 770 acres instead of 640... longer North to South...  making this well about 1400 acre spacing.

They did frac the Wock well and I did see a flare but no knowledge of the IP. The Frank well just down the road from the Wock Well has finished drilling but someone said they where moving that rig off and I remember they had 2 permits for one location so I don't think they are drilling the second well as of now. This is a few miles out of my area and I don't drive up that way so everything is just from what I hear in regards to these wells.

Original Post

Link here.

GMXR has a long lateral in Stark County, targeting the Three Forks. Planning a 41-stage frack.

How does a micro-cap company move from being a dry-gas producer in the Haynesville to having 65% to 75% of its production oil-related by the end of 2012?  One way is with a 10,281-foot lateral drilled into the Three Forks formation in North Dakota that will be tapped with a 41-stage hydraulic fracturing operation.

The lateral runs under two sections — 1,280 acres – in an odd-shaped, odd-sized spacing unit, Alan Van Horn, manager, investor relations, GMX Resources, told E&P On-Line. The Wock #21-1-1H well in Stark County runs almost as far horizontally as it does vertically.  Total measured depth of the well is 21,151 feet.

I have no idea what he means by "odd-shaped, odd-sized spacing unit." All spacing units in the Bakken are now routinely 1280-acres, and looking at the GIS map server, there is nothing odd-shaped about this rectangular spacing unit. With 41 stages, the company is paying a lot of money for this first well.