Now, some random concepts from the transcript.
... the largest contributor to our production growth has been our North Dakota operations. This has led us to become the top oil producer in the state for the month of December. According to the December 2012 oil and gas production report published by the North Dakota State Industrial Commission, Whiting was the #1 oil producer in North Dakota at 66,156 barrels per day. Those are true oil barrels, not BOEs.
We drilled another prolific well at our Tarpon prospect in McKenzie County, North Dakota. The Tarpon Federal 21-4-13H (sic) [21-4-3H] flowed 6,879 BOEs per day from the Middle Bakken formation. This is the third best well drilled to date in the Williston Basin, the first being our Tarpon Federal 21-4H well with an initial production rate of 7,009 BOEs per day.
... more than 60% [of our total production] is coming from the Bakken, Pronghorn Sand and Three Forks formations in the Williston Basin...
... the lion's share of our CapEx : the Middle Bakken, Three Forks and Pronghorn Sand in the Williston Basin.
... this equates to 18 years of drilling from only our Williston Basin ...
... in the Williston Basin, where we control more than 700,000 net acres ...
We've broken out our acreage into 3 core areas: the Southern Williston Basin, which encompasses our Pronghorn and Lewis & Clark prospects; the Western Williston Basin, which includes Hidden Bench, Tarpon, Missouri Breaks and Cassandra; and our Sanish area, which also includes the Parshall field
... lower Bakken silt, which is primarily present at our Hidden Bench prospect. The lower Bakken silt is situated between the Middle Bakken and upper Three Forks. We plan to bracket this formation with as many as 8 wells above and 7 wells below the lower Bakken silt.I'll quit there, but I think you get the idea. As the Motley Fool says, "the Bakken is a beast."
Where does Whiting stand as far as the Hay Creek Field? 1, 5, or 10?
ReplyDelete