Saturday, July 30, 2011

Big Tex Horizontal Well - Bissett 9701 - Producing 788 BOED

By Tim -

Whiting Petroleum (WLL) has released data on one if their Big Tex well today, Bissett 9701, which is located in the Permian Basin. Whiting Petroleum (WLL) is an oil driller that focuses on the Bakken Shale & Niobrara Shale but has recently tested the Big Tex.

Big Tex First Horizontal Well, Bissett 9701, Producing 788 BOE/D After Fracture Stimulation

Big Tex Prospect. Whiting fraced its first horizontal well at the Big Tex prospect the first week of July 2011. The Bissett 9701, located in the Delaware Basin in Pecos County, Texas, produced 788 BOE per day (92% oil) from the Wolfbone on July 25, 2011. The well is still cleaning up after frac. The well's 3,610-foot lateral was fracture stimulated in a total of 16 stages, all using sliding sleeves.

As of July 15, 2011, Whiting had accumulated 116,494 gross (88,062 net) acres in our Big Tex prospect area in Pecos, Reeves and Ward Counties, Texas in the Delaware Basin. Our average acreage cost to date is $540 per net acre, and we have an average working interest of 76% and an average net revenue interest of 57%.