RE: RE: RE: RE: RE: RE: Another Well for Torc ston An excerpt from Legacy news release. Does any of this have any impact on Bowood:
BAKKEN PLAY
At Taylorton, ongoing refinements of the fracture stimulation treatments has led to continual improvements in production rates, with a number of recent wells achieving the highest initial production rates to-date. Legacy drilled 9 wells that had 30 day initial production rates in excess of 260 Boe per day per well. These wells have continued to perform, with 90 day average production rates of 260 Boe per day per well and six month production rates averaging 190 Boe per day per well. The Company has plans to expand the 2011 waterflood project in 2012. This pilot waterflood could lead to incremental reserve bookings and lower production decline rates and could be further expanded depending upon results.
At Star Valley, Legacy has applied its leading fracture stimulation design developed in Heward to this area with good success. The two Legacy operated wells brought on in the first quarter or 2012 have 30 day initial rates of 225 Boe per day per well and current production is still approximately 195 Boe per day per well. As a result, the Company believes the Bakken play boundaries have expanded and has increased its drilling location inventory to more than 50 net wells in Star Valley.