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Halcón Resources Corporatio Message Board

  • tucker3210 tucker3210 Dec 21, 2013 7:09 PM Flag

    Game changer

     

    The declining cost to drill a well in the
    Bakken is allowing oil companies to
    invest their dollars in additional operations
    in North Dakota.
    In 2012, it was common to find only
    one well per pad, but as 2013 draws to a
    close, most pads are housing two or three
    wells, with walking rigs currently drilling
    as many as 14 wells per pad, that according to
    Department of Mineral Resource, DMR, Director
    Lynn Helms.
    “There’s just a huge shift in how the industry is
    operating,” Helms said in a monthly press conference
    in Bismarck on Dec. 13, and pointed
    out that multiwell pads have eliminated
    hundreds of truck trips and provide
    quicker drilling operations.
    And the efficiency advancements continue
    with the North Dakota Industrial
    Commission considering an application
    from Continental Resources to drill up to
    30 wells on an existing 2,560-acre spacing
    unit as Petroleum News Bakken
    reported in the Dec. 15 issue

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