Updates
November 25, 2012: 10,000 acres ("3,000 acres prior to our purchase of Upton Resources assets [7,000 acres ] for a total of 10,000 acres" -- Williston Exploration company e-mail)
Original Post
North Dakota’s Tyler Formation, a black, petroliferous rock some 317 million years old in the prolific Williston Basin, has been touted as the next big thing. Also called the “baby Bakken,” North Dakota geologist and consultant Kathleen Neset reports seeing an uptick in leasing activity around the formation.
“I’m already seeing companies lease property in Tyler,” Neset says. “Prices are starting to increase,” said Neset, who has consulted for companies including Hess, Denbury, Continental, Williams, and Whiting Oil & Gas.
One producer impatient to plow into the Tyler is Williston Exploration, which holds about 3,000 acres there. The company is looking to invest $15-$20 million in the next five to six years to drill five or six Tyler development wells. Williston Exploration has drilled one Tyler well and operates and owns partial stakes in 15 producing wells ...
... the state’s “best” estimate for the Tyler right now is 1 billion barrels.
I was wondering if the Tyler formation is present in the Roosevelt County,MT area?
ReplyDeleteI believe it is; when Montana it might be known as the Heath.
DeleteTake the time to look at the geological investigations and other items produced by the geological team in North Dakota. The mature areas I have seen are not centered in Richland county. Upper Dunn county towards the west and Mckenzie is one zone. The other area will be the south west counties of North Dakota.
ReplyDeleteIf you are talking about the Tyler, you may be correct. The Tyler formation in Montana is being targeted in central Montana, Petroleum County and elsewhere. But I shouldn't be talking about Montana; I don't follow it enough to know.
DeleteTyler/Heath trends from central MT to wibaux to mckenzie and south. Two different source systems but repeatable within confines. Needs incentives coming soon
ReplyDelete