Link here to Investopedia.
Companies mentioned: MRO, EOG, DNR, CLR, MUR.
Any article that talks about the Three Forks and doesn't mention Whiting is suspect. Unless I'm missing something, Whiting has taken the lead on drilling the Three Forks. CLR was one of the earliest, if not the first, to start talking about additional benches in the Three Forks, but Whiting is drilling the heck out of the Sanish oil field, first the middle Bakken, and now targeting the Three Forks.
In addition, Whiting has a huge, perhaps the leading, presence in Three Forks activity in southwestern North Dakota where the Three Forks pinches out from the Bakken. Again, I don't delve deeply into the numbers; I could be way off, but just following the permits, the results, the conference calls gives me a gut feeling that Whiting has the edge on the Three Forks.
Whiting is also moving into Montana looking at the Three Forks there more than the Bakken.
ReplyDeleteThey have spudded one Three Forks well, (Elvsaas 21-4TFH ; API 25085218550000), in T30N - R57 E section 4.
They have permitted one more in that township and also one more in the township south.
3 more are permitted and another 2 are spudded in the township west of the Elvsaas 21-4TFH well.
Plus to the southeast of Elvsaas there is a producing TF Whiting well and another permitted.
All of these wells are Three Forks except one.
Whiting makes it easy with their TFH at the end of each well name.
Except that the producing well; French 21-30TFH API 25085217940000, lists the formation as Bakken on the producing table posted on the Montana site. Maybe they don't think much of the TF in the Montana State Office.
This well shows 92 barrels per day for the first 4 months of producing days.
Great comment. You supported my point well. I can't believe Investopedia left out Whiting. Shows you how much they really know, I guess.
DeleteAnyway, I will re-post your comment as a stand-alone so more folks see it.
Thank you for taking time to comment.