Monday, May 14, 2007

Marathon Bringing In The Rigs

After stating that they would bring five new build rigs into the Bakken play, Marathon has recently moved in two, Helmerich & Payne 255 and 256. Both these rigs are drilling in Bailey Field NE of Killdeer in Dunn Co.

In related news, the company's Stohler well in the same field, sec. 3, T146-R94, was likely the best producing Bakken well in the state during March. The well produced 15,200 bbls in 31 days and has a cumulative production of just over 30K bbls since beginning of production in Dec. of last year. The company has also requested spacing for a number of drilling units in the township immediately to the east of this area.

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