Bakken Shale North Dakota - Parshall Field

By Tim - http://oilshalegas.com

EOG Resources (EOG) recently gave a drilling update in the Bakken Shale.

Consistent with its game plan to increase recovery rates in existing fields, during 2011 EOG continued infill drilling on its core acreage in the North Dakota Bakken Parshall Field, which it discovered in 2006. Although originally developed on 640-acre spacing, EOG has successfully tested 320-acre down-spacing in various areas and around the perimeters of the field. A recent well in Mountrail County, the Fertile 48-0905H, in which EOG has a 96 percent working interest, was completed at an initial rate of 1,324 Bopd. Also in Mountrail County, the Liberty 24-2531H and Liberty LR 20-26H were drilled on 320-acre spacing. The wells, in which EOG has 82 and 95 percent working interest, respectively, were turned to sales at initial crude oil rates of 1,507 and 1,165 Bopd, respectively. Over the course of 2012, EOG will continue its efforts to increase recovery of the oil-in-place on its Bakken acreage through further down-spacing tests and the initiation of a secondary recovery pilot project.

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http://bakkenshale.net

Mountrail County, ND - Bakken Shale

By Tim - http://oilshalegas.com

EOG Resources (EOG) recently gave a drilling update in the Bakken Shale.

Consistent with its game plan to increase recovery rates in existing fields, during 2011 EOG continued infill drilling on its core acreage in the North Dakota Bakken Parshall Field, which it discovered in 2006. Although originally developed on 640-acre spacing, EOG has successfully tested 320-acre down-spacing in various areas and around the perimeters of the field. A recent well in Mountrail County, the Fertile 48-0905H, in which EOG has a 96 percent working interest, was completed at an initial rate of 1,324 Bopd. Also in Mountrail County, the Liberty 24-2531H and Liberty LR 20-26H were drilled on 320-acre spacing. The wells, in which EOG has 82 and 95 percent working interest, respectively, were turned to sales at initial crude oil rates of 1,507 and 1,165 Bopd, respectively. Over the course of 2012, EOG will continue its efforts to increase recovery of the oil-in-place on its Bakken acreage through further down-spacing tests and the initiation of a secondary recovery pilot project.

http://blackberrystocks.blogspot.com/

http://bakkenshale.net

Bakken Shale - EOG Resources (EOG)

By Tim - http://oilshalegas.com

EOG Resources (EOG) recently gave a drilling update in the Bakken Shale.

Consistent with its game plan to increase recovery rates in existing fields, during 2011 EOG continued infill drilling on its core acreage in the North Dakota Bakken Parshall Field, which it discovered in 2006. Although originally developed on 640-acre spacing, EOG has successfully tested 320-acre down-spacing in various areas and around the perimeters of the field. A recent well in Mountrail County, the Fertile 48-0905H, in which EOG has a 96 percent working interest, was completed at an initial rate of 1,324 Bopd. Also in Mountrail County, the Liberty 24-2531H and Liberty LR 20-26H were drilled on 320-acre spacing. The wells, in which EOG has 82 and 95 percent working interest, respectively, were turned to sales at initial crude oil rates of 1,507 and 1,165 Bopd, respectively. Over the course of 2012, EOG will continue its efforts to increase recovery of the oil-in-place on its Bakken acreage through further down-spacing tests and the initiation of a secondary recovery pilot project.

http://blackberrystocks.blogspot.com/

http://bakkenshale.net

McKenzie County, North Dakota Bakken Shale Update

By Tim - http://oilshalegas.com

Today, August 25 2010, Resolute Energy (REN) has come out and announced an agreement with Marathon Oil Company (MRO) in the Bakken Shale.

Resolute Energy Enters Agreement with Marathon Oil to Develop Acreage in Bakken Trend

Resolute Energy Corporation (“Resolute”) (NYSE: REN - News) today announced that it has entered into an agreement with Marathon Oil Company (“Marathon”) (NYSE: MRO - News) to develop approximately 19,000 gross acres (8,425 net to Resolute) in the Bakken trend in McKenzie County, North Dakota. The agreement enables Resolute to increase its net lease holdings in the Bakken trend by almost 35 percent, to more than 33,000 net acres in Williams and McKenzie Counties, North Dakota.

Under the terms of the agreement, Resolute will earn interests in the acreage by drilling and completing two earning wells. The Company expects that both earning wells will be drilled early in the 4th quarter of 2010. Marathon will serve as contract operator of the earning wells and as operator of the contract lands Full Article

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Williams County, ND: Bakken Shale update

By Andrea: http://oilshalegas.com

Samson Oil & Gas Limited (SSN) released an update for the Bakken Shale. Pending settlement of the appropriate permits, Samson Oil & Gas will stimulate two new wells by August 23, 2010:

In light of the decision not to proceed with the Exploratory Unit, Samson is also seeking permits for two further wells which will protect a private lease from expiration later this year. All of the leases that are subject to drilling permits will form a post -closing settlement with the Buyer and will be settled in December 2010 so long as the drilling permits are valid and the associated leases remain in place.

Rodney #1-14H (27% working interest)
As of 0600 hours CST the Rodney #1-14H was drilling ahead at a measured depth of 16,372 feet and is expected to reach a total depth of 17,225 feet in the next 24 hours. The well path has been maintained within the Middle Bakken Formation and has returned oil and gas shows that are consistent with previous well in the North Stockyard Field. The Rodney #1-14H well is located in Township 154N, Range 99W, Section 14 in Williams County, North Dakota. This is Samson’s fourth Bakken well in the North Stockyard Field. The fracture stimulation of the Rodney well is planned as a 35 stage stimulation placing 4 million pounds of proppant and is due to commence the week of August 23rd.

Gary #1-24H (37% working interest)
The Gary well has been drilled and cased to a total depth of 17,727 feet and the fracture stimulation of that well is planned to commence on August 30th. The stimulation is planned to include 20 stages, 5 stages more than the Gene well which returned an IP of in excess of 3000 BOEPD. The stimulation will include the placement of 3 million pounds of proppant. The Gary #1-24H well is located in Township 154N, Range 99W, Section 24 in Williams County, North Dakota. This well was Samson’s third Bakken well in the North Stockyard Field.

Stimulation Operations

Operations to stimulate both the Rodney and the Gary wells are expected to commence the week of August 23rd. The detail sequencing of the stimulation operations have yet to finalized, but the current plan is to commence the first 8 stages of the 35 stage plan in Rodney and then to proceed to the 20 stage Gary stimulation.

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Bakken Formation: Mountrial County ND Oil Shale Update

Whiting Petroleum ( WLL ) provides an update on the Bakken Shale Formation in Mountrial County, North Dakota today, 1/20/09. Whiting is active in the Sanish Field and the Parshall Field.

Sanish Field. Whiting's Sanish area in Mountrail County, North Dakota encompasses 125,557 gross acres (83,606 net acres). December 2008 net production in the Sanish field averaged 7.5 MBOE/d, an 832% increase from 0.8 MBOE/d in December 2007. As of January 12, 2009, Whiting has participated in 65 wells (27 operated) that target the Bakken formation, of which 49 are producers, seven are completing and nine are drilling. Of these operated wells, 23 were completed in 2008. Whiting has completed and placed on production its first Bakken infill well in the Sanish field, the McNamara 42-26H. This well was drilled between two horizontal Bakken producers, the Locken 11-22H and the Liffrig 11-27H. The initial production rate at the McNamara well was 2,170 BOE/d (measured December 8, 2008), which falls between the initial production rates of the two offset wells. There was no indication of communication or interference with either of the offset wells. Based on these results, Whiting expects to develop its leases with two 10,000-foot horizontal wells in each 1,280-acre spacing unit. Whiting has also completed its first Three Forks horizontal well in the Sanish field, the Braaflat 21-11TFH. The initial production rate at the Braaflat well was 1,005 BOE/d (measured January 1, 2009). Production and pressure data from this well will be analyzed over several months to determine the viability of developing the Three Forks.

Whiting intends to drill an additional 28 operated Bakken wells in the Sanish field during 2009, with an average working interest of 74%, five of which were drilling at January 12, 2009. Whiting expects an average of six drilling rigs to be working in the Sanish field during 2009. Whiting expects its net capital expenditures in the Sanish field during 2009 to be approximately $150.6 million.

Parshall Field. Immediately east of the Sanish field is the Parshall field, where Whiting owns interests in 73,760 gross acres (18,315 net acres). Whiting's net production from the Parshall field averaged 6.7 MBOE/d in December 2008, a 341% increase from 1.5 MBOE/d in December 2007. As of January 12, 2009, Whiting has participated in 95 Bakken wells, the majority of which are operated by EOG Resources, Inc., of which 85 are producers, four are completing and six are drilling. Of these wells, 64 were completed in 2008. Whiting intends to participate in the drilling of an additional nine wells in the Parshall field during 2009, with an average working interest of approximately 16%. Whiting expects its net capital expenditures in the Parshall field during 2009 to be approximately $12.1 million.

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