Thursday, February 23, 2012

CHK to Stay In North Dakota -- The Bakken, North Dakota, USA

From the transcript:
Yes, we drilled a couple of wells up there and not crazy about what we found to date, so kind of recalibrating there. We have just under 0.5 million acres kind of south of Dickinson and really to the Three Forks idea for us. And I suspect the western part of our acreage, which is kind of abuts where Whiting is operating, will probably work out fine. We drilled our initial wells more towards the south than the east. So disappointed to date in what we've seen in the Bakken, but have a huge acreage position there. We didn't spend a whole lot of money on it, so not too worried about that. And really, just moving our rigs over to the western side of the play and kind of cozy up a little bit more to what Whiting is doing there.

1 comment:

  1. What's your take on this comment.. "not crazy about what we have found to date"? Our family has interest in the Decker well they drilled which is on the confidential list. My family has been out and there are tanks on site and an active well. I am guessing those wells they drilled just are not producing what they would like to see? Also, is there a general rule as to how many barrels a day a well has to produce to make it worth the companies time to keep it active?

    Sure enjoy your blogs!

    Thanks!!

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