The Red River formation underlies the Triangle Montana lands. Go take a look at page 16 in the latest (march) presentation from Whiting. Some pretty interesting stuff. They have put 280,000 acres together to go after the Red River
Big Island. We currently hold 172,464 gross (122,389 net) acres in the Big
Island prospect, which is located in Golden Valley County, North Dakota and
Wibaux County, Montana. We have identified more than 50 vertical Red River
prospects at our Big Island play using 3-D seismic interpretation. We are
currently shooting 3-D seismic on the northwest portion of Big Island with the
intention of identifying additional prospect locations. Estimated ultimate
recoveries for these wells range from 200,000 BOE to 300,000 BOE. The wells have
an estimated completed well cost of $3.0 to $3.5 million.
Our most recent completion at Big Island, the Katherine 33-23, flowed 593 BOE
per day from the Upper Red River "D" zone on December 17, 2012. Whiting holds a
99% working interest and a 79% net revenue interest in this vertical well. We
currently plan to test the Lower Red River "D" zone with a horizontal well in
How much is Traingle worth if they can get 3 - 4 of these per spacing unit? 50k acres of land currently valued at $400 per acre. it may be time to go drill a well if wll continues to repeat their success.
Check out this Kodiak well, in Dec 2012 after 2 1/2 years this vertical well to the Red River formation remains the 10 best producer in Sheridan county
"Vertical Red River producer IPs at 287 BOPD
The Meagher #16-30 Red River test well (Kodiak operated - 34% WI / 27% NRI) was successfully completed in the lower burrowed and in the upper laminated intervals of the Red River "C" zone in mid-June 2010. The well recorded 24-hour initial production rates of 287 BOPD. Kodiak performed the 24-hour production test utilizing a 32/64th" choke with flowing tubing pressure of 75 psi. This seismically defined structure was drilled vertically to a total depth of 11,300 feet and is expected to provide steadier and more and predictable production rates as opposed to the steeper declines experienced by Bakken wells"
win, I recently spotted this from a 2011 BEXP presentation that is still posted ....it lists 9 other target zones other than bakken
Red River – BEXP 4 discoveries in 4 attempts