Friday, August 17, 2012

Headline in Oil and Gas Journal: Whiting Pursues Red River Formation in Williston Basin

Link here. I think the general information was in their 2Q12 conference call which I've already posted; this provides a bit more specific information.

Data points:
  • Whiting has identified 50 vertical Red River prospects in its "Big Island" prospect
  • the "Big Island" is a 122,109-net acre play extending into Wibaux County, Montana
  • note the word "prospect" as used in this context; not drilling location; each prospect averages two drilling locations each -- let's see, 2 x 50 --> 100
  • so far, Whiting has drilled five (5) successful Red River wells in Big Island; all in Golden Valley so far
  • Schaal 22-15H: Whiting's first Red River horizontal well 
Whiting will target multiple objectives in Big Island. At this link, one can see that Whiting has already had several successful Madison wells in this prospect. Also, note the size of prospect has grown by a few acres.