Tuesday, May 20, 2008

Continental Finds A Lot To Like About The Three Forks

Continental Res. announced today that its first foray into the Three Forks has been a success, and investors liked what they heard and boosted the CLR stock price up 23% today. The company's Bice 1-29H, sec 29, T147, R96, Dunn Co., flowed an average of about 700 bbl/day over a seven day period from about 50 ft. below the upper portion of the middle member of the Bakken where most laterals have targeted.

The well is the company's first attempt to test whether the TF is a separate reservoir that is not be drained by mid-Bakken wells. If the TF is indeed a discrete reservoir, a whole new chapter may need to be written on this play.


7 comments:

Anonymous said...

Will they suppress the flow back to the normal 100-200 barrels?

Anonymous said...

IN THE PARSHALL FIELD ON SECTION 26--153--90 A TEST WAS DONE TO THE THREE FORKS FORMATION. DOES ANYONE KNOW WHAT WAS FOUND THERE?

Larry said...

WAYZETTA 100-26, NESW 26-153N-90W, (Approved: 7/31/2007) Spud Date(s): 10/24/2007

No information yet on what was found.

Anonymous said...

Also noted is that this outstanding Dunn County well appears to be outside and to the SE of the USGS "Eastern Expulsion Zone", in the "Middle Sandstone Member" AU...

Anonymous said...

Yep. Actual location of the Bice 1-29H is 29-146N-95W, Jim Creek.

Teegue said...

What map are you folks looking at? It's in the Nesson/Little Knife Unit.

Anonymous said...

We just hired a local surveyor (Dickinson ND) to do a little study for us near this location. If anyone else is looking for the same try http://www.HighlandsEng.com . Good group of guys and they know their stuff. I'll let you know what we come up with out there.