Samson Oil JV partner Continental has 3 starts already in this oil play, which consists of Bakken and Three Forks formation. All of the existing Continental wells started had an initial production rate of over 500 BOD. Each well flowed and maintained at over 350 BOD for the first 45 days of production while producing over 16,000 BOD. Samsaon Oil expects 8 wells in the Bakken and 8 wells in the the Three Forks oil plays. The wells are being permitted and will be 9,800 foot laterals across two sections.
The Joint Venture wells with Continental are just North of their 3 existing wells which are:
Stephenson 1-31 IP 508 and had 16,000 BBO in the first 45 days over 350 BOD
Garner 1-32 with an IP 564 BBO and also about 16,000 BBO in the first 45 days over 350 BOD
Blaine 1-33 with an IP 504 and also about 16,000 BBO in the first 45 days over 350 BOD
Continental uses long laterals 9,800 feet so the JV wells will stretch across two sections, starting 400 feet from the existing wells drain.
File No Status Date Location Operator Well Name Field
21736 4/13/2012 SWSE 31-158-98 CONTINENTAL STEVENSON 1-31H RAINBOW
21715 2/23/2012 SESW 32-158-98 CONTINENTAL GARNER 1-32H RAINBOW
21618 6/7/2012 SWSE 33-158-98 CONTINENTAL BLAINE 1-33H RAINBOW