The Whiting record breaking Bakken oil well cost only $6.35 million.....
Anyone know what the new Hess well cost?
Here is some background on the Whiting well:
Northern Oil and Gas, Inc. today announced its participation in the Tarpon Federal 21-4H Bakken well in McKenzie County, North Dakota. The Tarpon Federal 21-4H is a Whiting Petroleum operated well and had a 24-hour initial production (IP) rate of 7,009 barrels of oil equivalent (BOE), setting a new Williston Basin record for a Bakken well. The Tarpon Federal produced 4,815 barrels of oil and 13,163 Mcf of natural gas on October 17, 2011 after being fracture stimulated with 30 stages. It is expected that the completed well cost will approximate $6.35 million. Northern Oil has approximately 17.4% working interest and a 14% net revenue interest in the Tarpon Federal.
Michael Reger , Chief Executive Officer, commented, "We wish to congratulate Whiting on this discovery. We continue to be impressed by the innovation of our operating partners in this premier resource play and we remain focused on our strategy of acquiring high quality, non-operated acreage and turning it efficiently to production and cash flow."