Whiting to Test a Horizontal in a Legacy Formation in 2013

A comment provided by a reader:

A very minor comment. Whiting November presentation around page 12 shows they are developing some Red River "D" wells verticals. Then they said they will try a horizontal fairly soon.

Not minor at all;  could be a big deal before it's all over.

Presentations can be found here.

In Whiting's "Big Island" prospect in southwest North Dakota, Whiting has continued with its vertical Red River drilling program.

Data points (some numbers rounded):

• Big Island prospect: 122,000 net acres
• 50 prospects in the Upper Red River "D"
• an average of two drilling locations per prospect
• average IP across last seven wells: 275 boepd
• EUR: 200 - 300 mboe (200,000 to 300,000 bbls equivalent)
• cost; $3 - $3.5 million (compare with $10 million Bakken wells)
• completed the Ross 13-2 in August, 2012; 300 boepd

And then this: Whiting will test the Lower Red River "D" zone with a horizontal well in 2013.