RE: RE: RE: Love the risk/reward here! More on Bakken flow rates.
Interestingly enough, Statoil recently agreed to buy Bakken Shale play Brigham Exploration:
https://www.bloomberg.com/news/2011-10-17/statoil-to-buy-outstanding-shares-of-brigham-exploration-for-36-5-a-share.html
Seeking Alpha on Brigham Exploration IP rates: The speaker mentioned the key point that Brigham had drilled 79 consecutive North Dakota wells, each with an average IP (Initial Production) of 2,800 boe/d (barrels of oil equivalent per day). This average is quite impressive for the area, making them a key player.
https://seekingalpha.com/article/296698-brigham-exploration-company-s-bright-future
An IV poster shared this IR discussion which mentions Brigham Exploration:
Discussion with IR
Schlumberger will be doing the fracking, with Statoil and Brigham experts consulting at each site. With their agreement these are Statoil/Petrofrontier wells. Not Petrofrontier's wells.
Schlumberger does not come cheap. But so goes it with the remoteness of the play and using a top notch company.
Wet season will start around November. Goal is to have all three wells fracked, hydrocarbons assessed, IP rates, then the wells will be shut in as this is considered to be the healthiest for each well. Wet season could last into March.
Ms Flowers was very encouraged by the characteristics of each well and is surprised that the market didn't react very positively. We know there are hydrocarbons there.
Best,
Sam