Flashback To 2013 When CLR Recorded Highest BLM Montana/Dakotas Bid At The Time -- November 22, 2015

I had a lot of fun with a recent post on the Woodrow Star well, especially after a reader sent additional information about the well. I would have added this note to that page, but the post was getting a mite long, so I posted it as a stand-alone here.

The story never ends.

Back on July 28, 2013, there was a story in the PN Bakken that mentioned the Woodrow Star well:

A 10-year oil and gas lease on a 28.75-acre tract in northeast McKenzie brought in a high bid of $33,000 per acre from Continental Resources at the Bureau of Land Management Montana/Dakota office’s quarterly lease auction held in Billings, MT, on July 16.

That is the highest lease bid received in a BLM Montana/Dakotas lease auction since the Montana/Dakotas office began tracking bids per acre in 1998.

The previous high bid per acre that the Montana/Dakotas office had received was $19,950 that Slawson Exploration paid in the January 2013 auction for an 80-acre lease under Lake Sakakawea off the east shore of the peninsula in Mountrail County.

While most of Continental’s Antelope field wells are horizontal and were drilled since 2009, several of its active Antelope field wells are vertical wells dating back to the 1950s. One of those wells, the Woodrow Star “A”1, a vertical Sanish pool well which went on production in October 1955, has produced a total of 1,063,276 barrels as of May 2013.