McKenzie County, ND - Bakken Shale

By Tim - http://oilshalegas.com

November 9, 2011 - Kodiak Oil & Gas (KOG) recently gave an update on their McKenzie County North Dakota Bakken Shale and Three Forks Play. Kodiak Oil & Gas (KOG) is one of the up and coming exploration companies in the Bakken Shale due to their aggressive mineral rights leasing binge.

Kodiak’s five operated drilling rigs are presently drilling ahead on multi-well drilling pads. Three rigs are drilling in McKenzie County, and two rigs are drilling in Dunn County.

For the remainder of the fourth quarter 2011, Kodiak expects to complete or commence completion operations on an additional nine gross (6.1 net) operated wells, including two gross (0.8 net) wells from the recent acquisition. These operated wells are located on four drilling pads consisting of three, two-well pads and one, three-well pad. Drilling has been completed and operations are underway to construct surface equipment and pipelines on each of the pads. Currently, two gross (0.8 net) wells have been completed and are in flow-back operations. The remaining seven gross (6.6 net) wells are expected to commence completion operations during the remainder of the fourth quarter.

“We continue to make excellent wells in both Dunn and McKenzie Counties, which are integral to our production and cash flow growth trajectory we intend to provide our shareholders. One particularly positive development is the continued strong production profile from our first Three Forks well located in the McKenzie County Koala Project area. As shown above through the first 90 days of production, the well averaged nearly 1,000 BOE/d and is mirroring the offsetting Bakken well drilled just 700 feet away. With additional Three Forks production data, we can provide more accurate estimated ultimate recoveries for the Three Forks in the Koala area. We will also closely monitor the production profile from our two recent Dunn County Three Forks completions which have generated encouraging results.

Shale News

OilShaleGas.com

Kodiak Oil & Gas Corp (KOG) - Bakken Shale

By Tim - http://oilshalegas.com

November 9, 2011 - Kodiak Oil & Gas (KOG) recently announced an update on the Bakken Shale. Kodiak Oil & Gas (KOG) drilling for oil in McKenzie County, ND & Dunn County North Dakota. I have a 2012 price target on KOG stock located at $9-$11 per share.

Kodiak Oil & Gas (KOG) took delivery of its fifth operated rig in early October. Kodiak's five operated drilling rigs are presently drilling ahead on multi-well drilling pads, with three rigs in McKenzie County, N.D. and two in Dunn County, N.D.

During September and continuing into early October, Kodiak completed five gross (four net) operated wells, bringing total third quarter completions on operated wells to seven gross (five net) wells. Initial production results from the wells completed in September and October are included in the table below. The results from wells completed earlier in the third quarter have previously been released.

For the remainder of the fourth quarter 2011, Kodiak expects to complete or commence completion operations on an additional seven gross (six net) operated wells in the Williston Basin. These operated wells are located on three drilling pads consisting of two, two-well pads and one, three-well pad. Drilling has been completed and operations are underway to construct surface equipment, with completion operations scheduled within the next thirty days.

In addition to its operated wells, the Company has participated in completion of five gross (2.5 net) non-operated wells under its area of mutual interest (AMI) with its partner in Dunn County, N.D. Initial production results from the completed wells are included below. Drilling activity continues with three gross (1.5 net) wells drilled and waiting on completion and two gross (1.0 net) wells drilling. Non-operated drilling and completion activities within the AMI are expected to continue throughout the fourth quarter and into 2012.

Shale News

OilShaleGas.com

Dunn County, North Dakota Bakken Shale

By Tim - http://oilshalegas.com

November 8, 2011 - Kodiak Oil & Gas (KOG) recently gave an update on their Dunn County, North Dakota Bakken Shale and Three Forks Play. Kodiak Oil & Gas (KOG) is one of the up and coming exploration companies in the Bakken Shale due to their aggressive mineral rights leasing binge.

Kodiak’s five operated drilling rigs are presently drilling ahead on multi-well drilling pads. Three rigs are drilling in McKenzie County, and two rigs are drilling in Dunn County.

For the remainder of the fourth quarter 2011, Kodiak expects to complete or commence completion operations on an additional nine gross (6.1 net) operated wells, including two gross (0.8 net) wells from the recent acquisition. These operated wells are located on four drilling pads consisting of three, two-well pads and one, three-well pad. Drilling has been completed and operations are underway to construct surface equipment and pipelines on each of the pads. Currently, two gross (0.8 net) wells have been completed and are in flow-back operations. The remaining seven gross (6.6 net) wells are expected to commence completion operations during the remainder of the fourth quarter.

“We continue to make excellent wells in both Dunn and McKenzie Counties, which are integral to our production and cash flow growth trajectory we intend to provide our shareholders. One particularly positive development is the continued strong production profile from our first Three Forks well located in the McKenzie County Koala Project area. As shown above through the first 90 days of production, the well averaged nearly 1,000 BOE/d and is mirroring the offsetting Bakken well drilled just 700 feet away. With additional Three Forks production data, we can provide more accurate estimated ultimate recoveries for the Three Forks in the Koala area. We will also closely monitor the production profile from our two recent Dunn County Three Forks completions which have generated encouraging results.

Shale News

OilShaleGas.com

Bakken Shale Record Oil Well - McKenzie County, ND

By Tim - http://oilshalegas.com

November 7, 2011 - Whiting Petroleum (WLL) recently announced a new Bakken Shale record on a recent well that they've drilled. This Bakken Shale gusher was drilled in McKenzie County, North Dakota.

New Discovery at Tarpon Prospect Flows at Williston Basin Bakken Record Initial Rate of 7,009 BOE/D (4,815 BO/D and 13,163 MCF/D) on Full 24-Hour Test.

Tarpon Prospect. "Whiting has set a new initial production record for all Bakken wells drilled in the Williston Basin. The Tarpon Federal 21-4H well was completed in the Middle Bakken (after a 30 stage sliding sleeve frac job) flowing 4,815 barrels of oil and 13,163 Mcf of gas (7,009 BOE) per day on October 17, 2011. The Company owns a 56% working interest and a 45% net revenue interest in the Tarpon well. Whiting drilling engineers also set a new Tarpon Prospect area record by drilling this well to total depth in 13.3 days. We expect the completed well cost to be $6.35 million. Whiting holds 8,125 gross (6,265 net) acres at the Tarpon prospect, which is located in McKenzie County, North Dakota. Whiting has controlling interests in four 1,280-acre Tarpon prospect spacing units. We have the potential to drill a total of 12 Middle Bakken and eight Three Forks wells in these units. Based on our drilling to date, we believe 100% of the prospect is now drillable for the Middle Bakken and de-risked. Please see the Tarpon map in our corporate presentation."

Shale News

OilShaleGas.com

Bakken Shale - Kodiak Oil & Gas (KOG)

By Tim - http://oilshalegas.com

November 6, 2011 - Kodiak Oil & Gas (KOG) recently gave an update on the Bakken Shale and Three Forks Play. Kodiak Oil & Gas (KOG) is one of the up and coming exploration companies in the Bakken Shale due to their aggressive mineral rights leasing binge.

Kodiak’s five operated drilling rigs are presently drilling ahead on multi-well drilling pads. Three rigs are drilling in McKenzie County, and two rigs are drilling in Dunn County.

For the remainder of the fourth quarter 2011, Kodiak expects to complete or commence completion operations on an additional nine gross (6.1 net) operated wells, including two gross (0.8 net) wells from the recent acquisition. These operated wells are located on four drilling pads consisting of three, two-well pads and one, three-well pad. Drilling has been completed and operations are underway to construct surface equipment and pipelines on each of the pads. Currently, two gross (0.8 net) wells have been completed and are in flow-back operations. The remaining seven gross (6.6 net) wells are expected to commence completion operations during the remainder of the fourth quarter.

“We continue to make excellent wells in both Dunn and McKenzie Counties, which are integral to our production and cash flow growth trajectory we intend to provide our shareholders. One particularly positive development is the continued strong production profile from our first Three Forks well located in the McKenzie County Koala Project area. As shown above through the first 90 days of production, the well averaged nearly 1,000 BOE/d and is mirroring the offsetting Bakken well drilled just 700 feet away. With additional Three Forks production data, we can provide more accurate estimated ultimate recoveries for the Three Forks in the Koala area. We will also closely monitor the production profile from our two recent Dunn County Three Forks completions which have generated encouraging results.

Shale News

OilShaleGas.com

Continental Resources (CLR) - Bakken Shale

By Tim - http://oilshalegas.com

November 6, 2011 - Continental Resources, Inc. (NYSE:CLR) recently gave an update on the Bakken Shale and Three Forks Play. Continental Resources, Inc. (CLR) is the leader in the Bakken Formation with over 900,000 acres of mineral rights leases.

The Company successfully completed the Charlotte 2-22H (91% WI) in McKenzie County, North Dakota, in October 2011, with the well producing 1,140 gross Boepd in its initial one-day test period. This is the Company's first horizontal test of a deeper bench in the Three Forks formation.

In terms of Company-operated wells, Continental completed 46 gross (24.5 net) wells in the Bakken in the third quarter. Average initial one-day test period production was 1,096 Boepd for the Company's operated wells in the third quarter. The Company currently has 45 gross operated wells in various stages of completion. Of these, 20 are scheduled to be fracture-stimulated, and 25 have been fracked and are being readied to go into production.

Shale News

OilShaleGas.com

Dunn County, North Dakota: Bakken Shale update

By Andrea: http://oilshalegas.com

ENSERVCO Corp. (ENSV.OB) recently released an update on the Bakken Shale in Dunn County, North Dakota.

ENSERVCO purchased several acres in Killdeer, North Dakota, and has entered into a construction contract on a new operations center. The facility is expected to be operational in September and will be located in the heart of the Williston Basin's Bakken Shale formation, one of the largest and most active oil fields in the continental United States.

ENSERVCO expects to break ground on the site later this week. At full operation, the facility will support 30 to 35 employees and a comparable number of service and construction vehicles. The facility will feature a maintenance shop and equipment yard, multiple offices and living quarters for up to 16 employees.

"Many of our current customers have established large acreage positions and extensive drilling programs in the Bakken," said Mike Herman, chairman and CEO. "ENSERVCO is an approved service provider to these companies in other major fields, and they have encouraged us to expand our operations into North Dakota."

Initial customers in the Bakken are expected to include EOG Resources and Hess Corporation (two of the largest oil producers in the Basin), Whiting Petroleum, Brigham Exploration and Chesapeake Energy.

Low average annual temperatures in North Dakota result in frac-fluid heating requirements that can extend eight to 10 months out of the year, according to ENSERVCO's customers. Many of these companies also have expressed a need for year-round well maintenance services such as hot oiling and acidizing, as well as well-site construction services.

"We believe our move into the Bakken could be as strategically significant as our successful expansion last year into the Marcellus Shale," Herman said.

ENSERVCO's North Dakota location will commence operations less than a month after the scheduled opening of its Niobrara Shale facility in Cheyenne, WY.

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MDU Resources Group, Inc. (MDU) - Bakken Shale Update

By Andrea: http://oilshalegas.com

An additional 10,000 net acres of leaseholds were recently acquired by MDU Resources Group, Inc. (MDU) in the Heart River area of the Bakken, bringing its total acreage position in the Bakken oil play to more than 67,000 net acres. In 2010, the company acquired more than 50,000 net exploratory acres in the North Dakota Bakken area, bringing its total acreage position in this oil play to more than 67,000 net acres. The newly acquired acreage, the Heart River project, is located in Stark County. Plans include drilling three exploratory wells this year to evaluate this acreage targeting the Three Forks formation. Initial lease terms extend up to five years and include renewal options available to the company.

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

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Stark County, ND - Bakken Shale Update

By Andrea: http://oilshalegas.com

An additional 10,000 net acres of leaseholds were recently acquired by MDU Resources Group, Inc. (MDU) in the Heart River area of the Bakken, bringing its total acreage position in the Bakken oil play to more than 67,000 net acres. In 2010, the company acquired more than 50,000 net exploratory acres in the North Dakota Bakken area, bringing its total acreage position in this oil play to more than 67,000 net acres. The newly acquired acreage, the Heart River project, is located in Stark County. Plans include drilling three exploratory wells this year to evaluate this acreage targeting the Three Forks formation. Initial lease terms extend up to five years and include renewal options available to the company.

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

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Williams Companies, Inc. (WMB): Bakken Shale Update

By Andrea: http://oilshalegas.com

The Williams Companies, Inc. (WMB) recently released an operational update where it announced that it has completed a major purchase in North Dakota's Bakken oil play from private owners for $925 million cash. Williams announced the acquisition on Nov. 15.

In the transaction, Williams purchased 100 percent of the interests in Dakota-3 E&P Company LLC. Dakota-3 has approximately 85,800 net acres on the Fort Berthold Indian Reservation in the Williston Basin and 3,300 barrels per day of net oil production from 24 existing wells.

Williams' purchase has an effective date of Oct. 1, subject to standard closing adjustments. Williams is the new owner of Dakota-3, which will continue its existing contractual arrangement for services with the contract operator and field services provider after closing.

Currently, Dakota-3 has three rigs operating on its acreage. Williams expects to double the current level of drilling activity to six rigs by 2012, subject to permitting. Williams estimates that Dakota-3's holdings represent approximately 185 million barrels of oil equivalent in total net reserves potential in the Middle Bakken and the Upper Three Forks formations.

Williams' entry into the Bakken Shale play follows its entry into Pennsylvania's Marcellus Shale, where the company has accumulated approximately 100,000 net acres over the past year and a half.

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

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Mountrail County, ND: Bakken shale Update

By Andrea: http://oilshalegas.com

Voyager Oil and Gas Inc. (VYOG.OB) recently released an update on the Bakken Shale located in Mountrail County, ND:

Voyager currently controls approximately 24,000 net acres in the Williston Basin, primarily in Williams, McKenzie and Mountrail Counties, North Dakota and Richland and Roosevelt Counties, Montana. Voyager has spud twelve gross Bakken wells, of which three are producing, four are drilling and five are completing. By the end of 2010, Voyager expects to spud 15 gross Bakken wells. In 2011, Voyager expects to spud approximately 35 gross and 5 net Bakken wells based on recent permitting activity on Voyager's leasehold interests. J.R. Reger, Voyager's CEO, commented, "The accelerated production and positive results across our Bakken/Three Forks position continue to remain within our original expectations. We believe that our 24,000 core acres are being developed by some of the best operators in the play and we are excited to be participating in this premier oil resource play. We continue to focus most of our efforts on leasing and acquisitions in the Bakken and Three Forks play. We are excited to be moving into the production ramp-up stage across our Bakken position. We expect substantial reserve and production additions over the coming months as the position is rapidly developed."

Voyager is currently participating in the following wells in Mountrail County, ND:


OPERATOR WELL NAME COUNTY STATUS WI BOEPD
Slawson Ripper #1-22H Mountrail Producing 1.11% 2,369
Brigham Ross-Alger 6-7 #1H Mountrail Producing 7.71% 3,070
Slawson Vixen #1-19-30H Mountrail Completing 2.28%
EOG Lostwood 13-25H Mountrail Drilling 0.52%
EOG Sidonia 38-3019H Mountrail Preparing 0.12%
EOG Sidonia 31-3019H Mountrail Preparing 0.12%



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Dunn County, ND: Bakken Shale Update

By Andrea: http://oilshalegas.com

Recently, Continental Resources Inc. (CLR) completed 4 wells located in Dunn County, ND:

Among Continental's operated wells completed in the third quarter of 2010 were the four wells in its first ECO-Pad(R) project - Hegler 1-13H and 2-13H (83% WI) and Arthur 1-12H and 2-12H (94% WI) in Dunn County. Continental's ECO-Pad concept involves drilling paired wells in adjoining 1,280-acre spacing units. The ECO-Pad concept involves drilling the first pair of parallel wells to target the Middle Bakken zone and the Three Forks zone in the first unit, separated vertically by about 50 feet and horizontally by 660 feet. The second pair of wells duplicates this pattern in the adjoining spacing unit.

All four wells are drilled from a single drilling pad, which reduces surface footprint. The Arthur and Hegler wells in the first ECO-Pad project had a one-day test production rate total of 4,359 Boe, for an average of 1,090 Boepd per well.

"Production rates and wellbore pressures clearly indicate that the Middle Bakken and Three Forks zones are isolated from one another, confirming our expanded view of the North Dakota Bakken's potential," Mr. Hamm said. "We are producing these wells under restriction to conserve the energy resource and minimize flaring.

"This is clearly the technology approach to take as we move into full-scale development," Mr. Hamm said.

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

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McKenzie County, ND: Bakken Shale Update

By Andrea: http://oilshalegas.com

Voyager Oil and Gas Inc. (VYOG.OB) recently released an update on the Bakken Shale located in McKenzie County, ND:

Voyager currently controls approximately 24,000 net acres in the Williston Basin, primarily in Williams, McKenzie and Mountrail Counties, North Dakota and Richland and Roosevelt Counties, Montana. Voyager has spud twelve gross Bakken wells, of which three are producing, four are drilling and five are completing. By the end of 2010, Voyager expects to spud 15 gross Bakken wells. In 2011, Voyager expects to spud approximately 35 gross and 5 net Bakken wells based on recent permitting activity on Voyager's leasehold interests. J.R. Reger, Voyager's CEO, commented, "The accelerated production and positive results across our Bakken/Three Forks position continue to remain within our original expectations. We believe that our 24,000 core acres are being developed by some of the best operators in the play and we are excited to be participating in this premier oil resource play. We continue to focus most of our efforts on leasing and acquisitions in the Bakken and Three Forks play. We are excited to be moving into the production ramp-up stage across our Bakken position. We expect substantial reserve and production additions over the coming months as the position is rapidly developed."

Voyager is currently participating in the following wells in Williams County, ND:


OPERATOR WELL NAME COUNTY STATUS WI BOEPD
EOG Wilson 150-99-29-32-1H McKenzie Preparing 0.39%

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

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Williams County, ND: Bakken Shale Update

By Andrea: http://oilshalegas.com

Voyager Oil and Gas Inc. (VYOG.OB) recently released an update on the Bakken Shale located in Williams County, ND:

Voyager currently controls approximately 24,000 net acres in the Williston Basin, primarily in Williams, McKenzie and Mountrail Counties, North Dakota and Richland and Roosevelt Counties, Montana. Voyager has spud twelve gross Bakken wells, of which three are producing, four are drilling and five are completing. By the end of 2010, Voyager expects to spud 15 gross Bakken wells. In 2011, Voyager expects to spud approximately 35 gross and 5 net Bakken wells based on recent permitting activity on Voyager's leasehold interests. J.R. Reger, Voyager's CEO, commented, "The accelerated production and positive results across our Bakken/Three Forks position continue to remain within our original expectations. We believe that our 24,000 core acres are being developed by some of the best operators in the play and we are excited to be participating in this premier oil resource play. We continue to focus most of our efforts on leasing and acquisitions in the Bakken and Three Forks play. We are excited to be moving into the production ramp-up stage across our Bakken position. We expect substantial reserve and production additions over the coming months as the position is rapidly developed."

Voyager is currently participating in the following wells in Williams County, ND:

OPERATOR WELL NAME COUNTY STATUS WI BOEPD

Brigham Larsen 3-10 #1H Williams Producing 0.10% 3,090
Oasis Andre 5501 13-4H Williams Completing 11.06%
Oasis Ellis 5602 42-8H Williams Completing 0.22%
Oasis Somerset 5602 12-17H Williams Completing 3.59%
Brigham Knoshaug 14-11 #1-H Williams Completing 0.52%
Oasis Horne 5603 44-9H Williams Drilling 0.37%
Brigham Kalil Farm 14-23 #1H Williams Drilling 1.50%



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Northerin Oil and Gas, Inc. - Bakken Shale Update

By Andrea: http://oilshalegas.com

Northern Oil and Gas, Inc. (NOG) recently announced increased 2010 drilling guidance and provided an operations update related to drilling and completion activity in the Williston Basin Bakken and Three Forks play.

2010 DRILLING ACTIVITY

Since January 1, 2010, Northern Oil has spud 21.5 net wells. Northern Oil is currently participating in the drilling or completion of 90 gross Bakken or Three Forks wells, for an aggregate of 10.4 net wells currently drilling, awaiting completion or completing. Of those wells, 5.0 net wells are currently drilling but have not reached total depth, an additional 4.6 net wells have been drilled to total depth and are awaiting completion and the remaining 0.8 net wells are currently undergoing fracture stimulation to commence production.

Northern Oil now expects to spud approximately 24 net wells by the end of 2010, increased from previous guidance of 18 net wells. We believe the increase in expected wells is based upon the increasing rig count, which was at an all-time high of 155 drillings rigs in the North Dakota Bakken play as of October 11, 2010. Northern Oil’s Chief Executive Officer, Michael Reger, commented "We continue to experience an increased pace of drilling in the Bakken and Three Forks plays. In addition to allowing Northern Oil to consistently increase its production, increasing drilling activities have also allowed us to observe the impactful delineation of the Three Forks play in key counties of the Williston Basin."

2010 ACREAGE ACQUISITIONS

Northern Oil has acquired a total of 38,864 net acres year-to-date in the core of the Williston Basin Bakken and Three Forks play at a total cost of approximately $42.2 million. This represents an average cost of $1,086 per acre.


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Continental Resources: Bakken Shale Update

By Andrea: http://oilshalegas.com

Continental Resources Inc. (CLR) announced the completion of 26 Company-operated gross wells (16.4 net) in the North Dakota Bakken play in the third quarter of 2010, with an average one-day production test of 995 Boepd (barrels of oil equivalent per day). These wells, with their one-day test results, included:

* Bonney 2-3H (43% WI) in Dunn Co. - 1,765 Boepd;
* Roadrunner 1-15H (56% WI) in Dunn Co. - 1,722 Boepd;
* Rollefstad 2-3H (73% WI) in McKenzie Co. - 1,714 Boepd;
* Medicine Hole 2-27H (43% WI) in Dunn Co. - 1,702 Boepd;
* Mack 2-2H (74% WI) in McKenzie Co. - 1,471 Boepd;
* Ravin 1-1H (59% WI) in McKenzie Co. - 1,300 Boepd;
* Howard 1-5H (52% WI) in Divide Co. - 1,201 Boepd;
* Bjella 1-24H (41% WI) in Williams Co. - 1,029 Boepd.

Among Continental's operated wells completed in the third quarter of 2010 were the four wells in its first ECO-Pad(R) project - Hegler 1-13H and 2-13H (83% WI) and Arthur 1-12H and 2-12H (94% WI) in Dunn County. Continental's ECO-Pad concept involves drilling paired wells in adjoining 1,280-acre spacing units. The ECO-Pad concept involves drilling the first pair of parallel wells to target the Middle Bakken zone and the Three Forks zone in the first unit, separated vertically by about 50 feet and horizontally by 660 feet. The second pair of wells duplicates this pattern in the adjoining spacing unit.

All four wells are drilled from a single drilling pad, which reduces surface footprint. The Arthur and Hegler wells in the first ECO-Pad project had a one-day test production rate total of 4,359 Boe, for an average of 1,090 Boepd per well.

"Production rates and wellbore pressures clearly indicate that the Middle Bakken and Three Forks zones are isolated from one another, confirming our expanded view of the North Dakota Bakken's potential," Mr. Hamm said. "We are producing these wells under restriction to conserve the energy resource and minimize flaring.

"This is clearly the technology approach to take as we move into full-scale development," Mr. Hamm said.

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

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Mountrail County, ND: GeoResources Bakken Shale update

By Andrea: http://oilshalegas.com

GeoResourcs Inc. (GEOI) recently release an operational update on their activity in the Bakken Shale, located in Mountrail, ND:

To date, in our non-operated program located in Mountrail and adjacent counties, they have participated in 72 wells drilled by our primary operator, Slawson Exploration, with a 100% success rate. In addition, they own minor working interests in numerous wells within the Bakken/Three Forks play. Slawson is currently running three drilling rigs and they continue to acquire additional acreage and well interests, when reasonably available.

At present, 9 -12 wells are scheduled for the 4th Quarter of 2010 where they expect to have working interests in the 5% to 15% range. Additional wells are in the process of being permitted and scheduled. Completed well costs, including surface equipment and production facilities for single lateral wells drilled on 640 acre units are currently estimated at approximately $5.0 million and at $6.2 million for 1,280 acre units. Recent wells drilled on 640 acre units have had 18-22 frac stages per well, while wells drilled on 1,280 acre units have had up to 41 stage fracs.

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

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Williams County, ND: GeoResources Inc. - Bakken Shale Update

By Andrea: http://oilshalegas.com

GeoResources Inc. (GEOI) recently released an operational update on the Bakken Shale located in Williams County, ND. They have acquired new land and have begun drilling in the area:

On September 25, 2010, they initiated drilling on the Williams County acreage with the Carlson 1-11H well, a Middle Bakken test in Section 11, T157N-R103W. The initial location is a 640 acre drilling unit and they have a 47.5% working interest. We also plan to drill two 1,280 acre spacing units immediately following the Carlson well. Their working interests in these locations are 34% and 35%, respectively.

GeoResources acquired approximately 50,000 net leasehold acres in an AMI covering about 115,000 acres and as mentioned in prior releases, brought in industry partners to participate in development. As operator, they retained a 47.5% working interest, representing approximately 24,000 net acres. Assuming full development on a 1,280 acre spacing unit basis, they have a majority interest and control about forty (40) units and have working interests in another forty-two (42) units. Where they have a minority interest in a spacing unit, they will continue to focus on increasing our interests; thereby increasing the likelihood that they will be the designated unit operator.

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Williams County, ND: Bakken Shale Update

By Andrea: http://oilshalegas.com

Since early August 2010, Brigham Exploration Company (BEXP) has expanded its acreage position in the Williston Basin in the Bakken Shale by approximately 10,200 net acres to an estimated 368,400 net acres. In its core Rough Rider project area, Brigham has expanded its acreage position by approximately 7,600 net acres, including a large acreage position obtained as a result of a transaction entered into with Zavanna, LLC. Inclusive of the acreage acquisitions, Brigham now has total core acreage of approximately 205,600 net acres.

Williston Basin Drilling and Completion Update

In its Rough Rider project area, Brigham announced the completion of the Larsen 3-10 #1H and the Boots 13-24 #1H Bakken wells, which produced at early 24-hour peak flow back rates of approximately 3,090 (2,631 barrels of oil and 2.75 MMcf) and 1,946 (1,773 barrels of oil and 1.04 MMcf) barrels of oil equivalent, respectively. The Larsen and Boots are located in Williams County and were both completed with 31 fracture stimulation stages. Brigham's working interests in the Larsen and Boots are approximately 72% and 74%, respectively. Brigham has completed 26 long lateral high frac stage Bakken wells in Rough Rider with an average early 24-hour peak rate of approximately 2,421 barrels of oil equivalent.

Brigham's accelerated development of its core operated acreage in its Rough Rider and Ross project areas is proceeding with four operated rigs drilling in Rough Rider and one operated rig drilling in Ross. Another operated rig is expected to arrive in early October and additional rigs are expected to arrive in January and May 2011, respectively, at which time Brigham will be continuously drilling with eight operated rigs.

Brigham currently has two wells fracing and nine wells waiting on completion. In the first quarter 2011, Brigham expects to add additional fracture stimulation capacity. At that time, Brigham estimates that approximately eight wells per month will be fracture stimulated and brought on line to production.

For more shale updates, visit: http://blackberrystocks.blogspot.com
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Mountrail County, ND: Bakken shale Update

By Andrea: http://oilshalegas.com

In Mountrail County, North Dakota, Brigham announced the completion of the Domaskin 30-31 #1H, which was completed with 38 fracture stimulation stages, at an early 24-hour peak flow back rate of approximately 4,675 barrels of oil equivalent (4,106 barrels of oil and 3.42 MMcf). The Domaskin is located one mile to the west of the highest initial production rate Bakken well in the Williston Basin, the Brigham operated Sorenson 29-32 #1H, which was completed in April 2010 at an early 24-hour peak rate of 5,133 barrels of oil equivalent. Based on publicly available information, the Domaskin represents the fourth highest initial production rate Bakken well in the Williston Basin. Brigham has completed seven long lateral high frac stage Bakken wells in Ross at an average early 24-hour peak flow back rate of approximately 3,835 barrels of oil equivalent. Brigham maintains an approximate 65% working interest in the Domaskin. Also participating in the Domaskin is Lario Oil & Gas Company with a 12% working

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