Updates
October 25, 2014: from the file report, a sundry form dated November 7, 2013 --
Our reason for temporarily abandoning the well is to allow more time for prospect evaluation and review of offset activity. The well will be inspected at least annually for the presence of pressure or leakage at the surface.
The inspection date and results will be reported on the TA extension if one is requested. Any pressure or leakage will be reported immediately.
Original Post
Link here.See comment about initial flow: very nice for a Red River well.
- 20950, PA/55, Silver Oak Energy, Rankin 1-35H, Cedar Hills, Red River B (not a Bakken), t2/12; cum 5,081 bbls 9/13;
It appears all founding members (Silver Oaks) were instrumental in Encore's rise before they merged with Densbury. Looks like there is alot of experience involved with this company. Might be one to watch if they can acquire some decent acreage.
ReplyDeleteIt would be interesting to see a "new" company going after a formation other than the Bakken, to see what they can find.
Deletebruce, we had a conversation about this company about 3-4 months ago.. we need to keep track, in case they would go public some day.. it is good to see they had a good well , wonder what it will be in 6 more months...
ReplyDeleteThe rankin wells flow of 55 is choked. The well was open 100% for flow testing and was flowing close to 400 a day oil and 300 water.
ReplyDelete