CLR: Testing the Three Forks

For newbies, there was an excellent article at SeekingAlpha.com regarding Continental Resources' plan for testing/evaluating the potential of the Three Forks formation and the "four benches" of this formation.

It is a long article. In an attempt to break it into bite-size pieces, I posted several short postings, each of which is a stand-alone.

First, the stratigraphy of the Bakken Pool (the Bakken formation and the Three Forks formation).

Second, Continental Resources' background in testing the Three Forks and current status.

Third, a very short post on the time-frame for when the results of these tests should be known.

Finally, a more detailed look at the three separate, multi-year, multi-well tests that CLR has planned.

One test will involve 14 wells on one 1280-acre spacing unit. One reader has already noted that CLR has at least three fields identified in which the company looks to drill 18 wells on each 1280-acre spacing units. Two of the fields are in the heart of the Bakken (northeast McKenzie County). The other field is a bit farther south, along the McKenzie/Dunn county line.