Monday, May 14, 2007

Encore Operating Planning New Development

Encore Operating, which recently closed on its deal to purchase the Anadarko/Kerr McGee Williston Basin holdings, is attempting to increase its holdings in the Bakken Play. The company states that it believes it can reduce its well costs from $5.1 to $4.5 million per well. The company is currently drilling a well in Murphy Creek Field SW of Killdeer in Dunn Co. That rig is expected to move to central Billings Co. for its next hole.

No comments: