From the same source, more on the Rennerfeldt wells, which I posted earlier.
One has to chuckle: the smaller the operator, the bigger and more frequent the press releases. Except for CLR which seems to have a press release several times a day, some days.
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The way folks are talking about the GDP well in the TMS today makes one wonder what "we're" doing wrong to get the message out about the Bakken. LOL. Twice.
Even Richard Zeits seems overly enthused with his article over at SeekingAlpha:
At one time, it was the expectation that a Bakken will would produce 100,000 bbls in the first 12 months, so 170,000 bbls in the first year is, indeed, a good well. But EOG raised the bar in the Bakken: EOG now looks for 100,000 bbls in the first six months. It won't happen every time, but it is happening more and more. EOG even has a few wells that hit 200,000 bbls in the first six months.This morning, Goodrich Petroleum (GDP) announced the result of its Blades 33H-1 well in Tangipahoa Parish, Louisiana, which was anticipated sometime this week. According to the company's press release, the well has achieved peak 24-hour average production rate of 1,250 barrels of oil and 115 Mcf of gas per day on a 14/64-inch choke from a 5,000-foot completed lateral. The result is excellent and in line with the early performance of GDP's Crosby 12H-1 well, the strongest well in the play to date that has produced almost 170 Mboe in the first 13 months.
In addition to the spectacular EOG (which can be tracked using the "tag"), I track "monster wells" here.
Having said all that, however, the GDP well is huge news for Halcon, which I posted earlier. Halcon is positioned incredibly well.
The big story here, though, is the overall shale potential in the United States. It was huge before the TMS; in one day, the bar has been raised. Again.