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Sunday, July 6, 2014

Random Look At Oasis Well In Section 33-157-102, Under The River Southwest Of Williston

To be completed.

In the May, 2014, lease sale, four parcels of land in sections 28/33 (a stand-up 1280-acre parcel) - 157-102 (Eightmile oil field, under the river), all bought by Vitesse Oil, LLC:
  • 159.77 acres at $14,000/acre, Missouri River in NE4
  • 159.77 acres at $14,000/acre, Missouri River in SE4
  • 138.08 acres at $14,000/acre, Missouri River in NE4
  • 23.91 acres at $14,000/acre, Missouri river, in SE4
  • 482 acres total x $14,000 = $6.7 million
482 acres is not quite a section. Eventually there could be anywhere from 4 to 16 wells (or more) on this parcel.

Currently, there are no wells in this 1280-acre unit, but there is confidential well in 33-153-102:
  • 24296, conf, Oasis, Lake Trenton 33-28H, Eightmile, no production data,

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