Is it any wonder that the Norwegian oil major entered the Bakken reserves through its acquisition of Brigham Exploration? Brigham's wells are located on the sweetest spots of the Bakken. The Sorenson 29-32 #2H and the Cvancara 20-17 #1H in Mountrail County have a 30-day average of 1,815 and 1,577 BOE/d, respectively. The Lloyd 34-3 #1H in McKenzie County clocked a corresponding 1,456 BOE/d. While the average flow rates are unavailable, the initial production (IP) rates have been the highest for Brigham's wells. Average IP rates stood at 2,906 BOE/d while average 30-day production rates stood at a fantastic 1,174 BOE/d.Part 2 was devoted almost exclusively to CLR.
Interestingly enough, Motley Fool was very impressed with NOG.
Part I of this series.
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