In mid-March, the Company completed its first operated Bakken well, the Pirate 1-11-2H. The well was completed with 35 frac stages. The well produced 30,485 BOE during the first 30 days of production or an average of 1,025 BOEPD with an initial peak 24 hour rate of 1,801 BOEPD. McAndrew Rudisill, Director and CEO, stated, "The results of the Pirate well are very strong. The experience and technical capabilities of our operations team are commendable. We look forward to completing additional operated Bakken wells in our Low Rider Area of McKenzie County, North Dakota, and significantly growing our production and cash flow."
Operating Well Development Program
Emerald is currently fracture stimulating the Arsenal 1-17-20H well in the middle Bakken formation in McKenzie County, North Dakota. The Company plans to immediately follow with the fracture stimulation of the Caper 1-15-22H well, the Mongoose 1-8-5H well, and the Slugger 1-16-21H well. Emerald expects to report production results of its wells after it has approximately 30 days of production data. The Company has recently drilled the Slugger 1-16-21H well and will soon begin drilling its sixth operated Bakken well, the Talon 1-9-4H well.
Very good results from the Pirate well. Also the increased acreage with 6 additional drilling locations is big news. Seems like the business plan is growing even faster than original announced.
The Bret Jenson article was written months ago. He is just too simplistic.
Let's see what the bashers have to say about this well result etc.