Basin-Leading ResultsBakken, North Dakota
About the PlayBakken
Oil was first discovered on Henry Bakken’s land in 1951, but it wasn’t until the past decade that technology advances turned the basin into one of the country’s largest oil production regions. With more than ten years of experience in the Bakken, we’re focused on the high-return Myrmidon area, building on the successes from our enhanced completion designs, as well as delineating our position in Hector.
We've been operating in North Dakota since 2006. Our acreage is located primarily within the established Williston Basin in Dunn, Hettinger, McKenzie, McLean, Mountrail, Slope and Williams counties in North Dakota.
Latest Activity1Q 2018
Our production in the Bakken in North Dakota averaged 74,000 net boed in 1Q, up 7% compared to the prior quarter. We brought 11 gross Company-operated wells to sales in 1Q, six of which were in core Hector with average 30-day initial production rates of 2,600 boed (81% oil). Our Arkin well in Hector set a new Williston Basin Three Forks record with a 30-day IP oil rate of 3,040 barrels per day. We also set two new basin Middle Bakken records in West Myrmidon from our June and Chauncey wells. The Company continues to optimize completion designs to improve well productivity, increase capital efficiency and reduce costs while generating substantial free cash flow.
SpeechWilliston Basin Petroleum Conf
One of the most important lessons we’ve taken from the Bakken, is to never be satisfied with what you think you knew yesterday.
Using Best PracticesHydraulic Fracturing
In combination with advanced horizontal drilling technology, fracking makes it possible to develop oil and gas resources that were previously inaccessible.