Update On the Liberty Wells -- The Bakken, North Dakota, USA

Update on the Liberty wells as of posted date; cumulatives updated:

• 26602, 1,135, EOG, Liberty 28-23H, Parshall, 320 acres, t3/14; cum 71K 8/14;
• 26601, 1,045, EOG, Liberty 27-34H, Parshall, 320 acres, t3/14; cum 95K 8/14;
• 25103, 1,721, EOG, Liberty 26-1319H, Parshall, 1920-acre (3-section); t10/13; cum 217K 8/14;
• 23958, loc, EOG, Liberty LR 107-1109H, Van Hook,
• 22921, 60, EOG, Liberty 106-0107H, Parshall, middle Bakken (app for Three Forks), 49 stages; 10.5 million lbs; 1920-acres, t5/13; cum 320K 8/14;
• 21406, 1,355, EOG, Liberty 25-0107H, Parshall middle Bakken; 53 stages; 13.6 million lbs; 1920-acres; t4/13; cum 274K 8/14;
• 21225, 995, EOG, Liberty 24-2531H, Parshall, middle Bakken; 25 stages; 3.4 million lbs; 1920-acres; t12/11; F; cum 162K 3/13;
• 20557, PNC, EOG, Liberty 24-2531H, Parshall
• 20255, 892, EOG,  Liberty LR 15-26H, Van Hook, t4/12; cum 236K 8/14; ICO spacing (1600-acre)
• 20254, 980, EOG, Liberty LR 20-26H, Van Hook, t12/11; F; cum 226K 8/14; ICO spacing (1600-acre)
• 20038, 625, EOG, Liberty LR 12-11H, Van Hook; t4/12; cum 173K 8/14; ICO spacing
• 20037, 790, EOG, Liberty LR 17-11H; s1/11; Van Hook; t6/11; cum 243K 8/14; ICO spacing
• 19919, 1,648, EOG, Liberty LR 21-36H,  Van Hook; t7/11; 349K 8/14; F
• 19802, 1,215,  EOG, Liberty LR 18-14H, Van Hook, t10/11; cum 246K 8/14; ICO spacing; F
• 19721, 1,063, EOG, Liberty LR 19-23H; Van Hook; t3/11; F; cum 267K 8/14; ICO spacing
• 19720, 510, EOG, Liberty LR 14-23H, Van Hook; t4/11; F; cum 202K 8/14; ICO spacing
• 19360, PNC, EOG, Liberty LR 15-26W, Van Hook, Bakken
• 19231, 398, EOG, Liberty LR 13-14H, Van Hook; t12/11; F; cum 228K 8/14; ICO spacing
• 19210, 637, EOG, Liberty 3-14H, Van Hook, t12/10; cum 110K 8/14; 320-acre spacing
• 19122, 170, EOG, Liberty 102-01H; Parshall, Three Forks, 15 stages, 2.2 million lbs;  t11/10; cum 63K 8/14; one section
• 18979, PNC, EOG, Liberty LR XX-23H, Van Hook
• 18971, 894, EOG, Liberty 09-23H, Van Hook; t9/10; cum 143K 8/14; 320-acre spacing
• 18884, 625, EOG, Liberty 23-12H; Parshall; t9/10; cum 171K 8/14; one-section
• 18877, 541, EOG, Liberty 103-13H; Parshall; t8/10; cum 123K 8/14; one-section; pump
• 18828, 1,066, EOG, Liberty LR 16-36H; Van Hook; t2/11; cum 305K 8/14; 2-section; pump
• 18827, 732, EOG, Liberty 10-36H, Parshall; t2/11; cum 257K 8/14; one-section
• 18365, 1,379, EOG, Liberty 8-01H, Parshall; t7/10; cum 268K 8/14; one-section, pump
• 18101, 209, EOG, Liberty 2-11H; Van Hook; t12/09; cum 162K 8/14; one-section, pump
• 18066, 515, EOG, Liberty 101-12H; Parshall, Three Forks, 15 stages; 1.9 million lbs; t9/10; cum 96K 8/14; one-section, pump
• 18065, 369, EOG, Liberty 100-26H; Van Hook; t8/10; cum 90K 8/14; 320-acre, pump
• 18038, 806, EOG, Liberty 5-24H, Parshall; t9/10; cum 267K 8/14; one-section, pump
• 17997, 1,191, EOG, Liberty 6-25H, Parshall; t5/10; cum 177K 8/14; one-section, pump
• 17992, 711, EOG, Liberty 4-13H, Parshall; t8/10; cum 167K 8/14; one-section, pump
• 14345, PNC, Chesapeake, Liberty 1-8, Cedar Hills, Red River B, 9/97

It appears the Liberty wells are paying for themselves at the wellhead within the first two years. They will produce oil for 30+ years. 

This does not mean that EOG is a company to consider investing in; rather it points out a couple of things -- why the Bakken is so exciting, and the cumulatives despite very average IPs.