Demont, learn a bit before you spout. Those are 4 well PADS, (3) 4 wells pads per 1280acre section in the Polar and Smokey test units. Now they are going to a 16 well drilling unit
They will get a BIG earnings boost on their hedges this quarter plus a huge bump from mark to market on future hedges. NICE
Every barrel of US produced oil is money that stays home and is ultimately invested back in the USA. if it drops the price per barrel then that is also money that stays home and out of the arabs hands. ALL GOOD
KOG shooting for a 22 well spread with 16 wells
I can't believe they would do 6 wells like this without some knowledge of how its going to work. This may be the first full section development like this but I bet somebody has done a well like this and KOG boys are very aware of it. Could be a huge cost savings if it pans out.
Going to be fun to watch.
I had not looked at the latest presentation but was aware of the tighter density. I was not aware of what Kodiak is doing in the 3 forks. This could be revolutionary fracking the layer separating the upper 2 three forks zones.
Once again Kodiak is leading the way
"Most notably, the new pilot will test an important innovation: Kodiak is attempting to drain both the TF1 zone and TF2 zone with a single wellbore placed in the transition area between the two target zones. This is a radical departure from the staggered dual-lateral structure involving two separate laterals in each of the two zones as shown on the slide above (which has also been the prevailing design in pilots by other operators). If proven successful, Kodiak's new approach may be a true breakthrough for the Three Forks development: if two Three Forks zones can be effectively produced with a single well, the cost of developing the Three Forks may end up substantially lower than with a dual-lateral structure; productivity per well in the Three Forks should also show a step change."
BBX has drilled several wells to the Woodbine shale honoring Clint
Wells include, Fistful of Dollars, For a few dollars more and Gran Torino
BBX has you tubes up for all three sites.
Lets hope the next well is named "are you feeling lucky"
OJ indicates another lifting is currently taking place.
Somewhat disappointing that the liftings remain on a 2 week schedule. No evidence yet of of a pick up in the flow rate from Huntington. We have missed the early November ramp up it appears. With lack of news we remain in the dark
Zeits has a great article out on downspacing, cost reduction etc. Really nice read
You can find it on the HK page