Texas-based Brigham Exploration announced today that a new well in the Rough Rider area of the Bakken formation produced approximately 2,112 barrels of oil equivalent per day during an early 24 hour flow back period. According to the company, the new well was drilled using a 28-stage fracture stimulation and appears to be the first completed in the Williston Basin using this technique. In addition, the company stated that the new well, officially known as Brad Olson 9-16 #1H, is the fifth well using 18 or more fracture stimulations to be completed by Brigham in the Williston Basin.
The company's president and CEO Bud Brigham stated, "Our last five wells, which had 18 to 28 frac stages, have produced at an average initial rate of 1,923 barrels of oil equivalent per day, further demonstrating that our high technology completions continue to deliver higher initial production rates."
Brigham continued, "In addition, the Brad Olson 9-16 #1H is yet another data point that confirms our belief that our Rough Rider area should be considered core acreage within the Williston Basin. Assuming three Bakken laterals per section, we could potentially drill over 240 net wells in our core Rough Rider area. If the Three Forks is also productive, we could potentially drill twice that number of wells."
The company's press release is here.
No comments:
Post a Comment