Monday, June 11, 2007

EOG Plans (Lots) More Drilling, Mountrail Co.

According to a presentation given by EOG, the company plans to drill 22 Bakken wells this year, but with three rigs busy drilling single lateral wells on 640 acre spacing, that figure may have to revised upward. On one of the company's leasehold maps, it indicates an area of "Bakken Oil Saturation" (which not surprisingly seems to correspond with their leasehold interests). The problem with this representation is that the entire area where the Bakken is mature (deep enough so the pressure and heat creates petroleum from the shales, i.e., in most of the central portion of the Williston Basin) has oil saturation in the Bakken. It actually would make more sense if the company had stated that the area has better than average porosity or fracturing in the mid-Bakken, if that is in fact the case (which it certainly seems to be, at least in Parshall Field anyway).

1 comment:

Geomean said...

This well is South of the Arsenal Energy's (TSX AEI} Stanley field in Mountrail County, See http://www.eresearch.ca/_report/AEI_050506.pdf at pg 6 for a map of the Stanley field located along the eastern edge of 155N-91W

AEI's Stanley field has produced from the Madison for years. AEI is waiting on Continental's well one mile north currently being spud to 'derisk' its Bakken play. AEI controls somewhere around 12,000 acres.

For the 1931 section map of Mountrail County see
http://www.rootsweb.com/~usgenweb/nd/mountrail/census/1930/000map.jpg?cj=1&o_xid=0001231185&o_lid=0001231185