Tuesday, August 10, 2010

Dunn County, North Dakota: Bakken Shale

By Andrea: http://oilshalegas.com

Kodiak Oil and Gas (KOG) opened a new well in Dunn County, North Dakota in the Bakken Shale. They released the update at their 2010 2Q earnings call:

The MC #13-34-28-2H well recorded 24-hour initial production rates of 1,870 barrels of oil per day (BOPD) and 1.1 million cubic feet of natural gas (MMcf) per day, or 2,055 barrels of oil equivalent (BOE) per day. Kodiak completed the 24-hour production test utilizing a 22/64" choke with flowing casing pressure of 2,525 psi. Since the flow test began on August 2, 2010, the well has cumulative production of 6,546 barrels of oil and 4.5 MMcf of natural gas, or 7,298 BOE. During the last four days of full production, the well has produced 5,495 barrels of oil and 3.9 MMcf of natural gas, or 6,140 BOE for an average of 1,535 BOE per day.

For more shale updates visit: http://blackberrystocks.blogspot.com

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