Often overlooked is what EOG and WLL have in the Niobrara.
http://seekingalpha.com/article/536601- ... urce=yahoo
I really like an EOR project that WLL has in West Texas. See my profile on the company under the Sweet 16 Tab. Just click on the WLL logo.
EOG and WLL
EOG and WLL
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: EOG and WLL
Whiting (WLL) has 73,611 net acres in its Redtail Niobrara Prospect. This acreage is in northern Colorado, to the northeast of Wattenberg Field. It has reported well costs of $4 to $5.5 million. It plans to drill eight wells in 2012. Back in August of 2011, Whiting reported the IP rate for the Wildhorse 16-13H at 1321 Boe/d. This was a 4,113 foot lateral with 21 stage frac. Whiting also four poor results:
Pawnee 16-13H: IP rate of 141 Boe/d
Terrace 36-11H: IP rate of 105 Boe/d
Chalk Bluffs 36-13H: IP rate of 99 Boe/d
Whiting decided to change well orientation to a northeast azimuth from an east to west orientation. The Horsetail 18-0733H had an IP rate of 718 Boe/d from a 6296 foot lateral. This well was drilled 12 miles northeast of the Wildhorse well. Whiting will have one rig running in 2012. This is an interesting area as Whiting is northeast of the Wattenberg Field extension area. Given the results, it is very possible we have a much larger extension area than expected.
Pawnee 16-13H: IP rate of 141 Boe/d
Terrace 36-11H: IP rate of 105 Boe/d
Chalk Bluffs 36-13H: IP rate of 99 Boe/d
Whiting decided to change well orientation to a northeast azimuth from an east to west orientation. The Horsetail 18-0733H had an IP rate of 718 Boe/d from a 6296 foot lateral. This well was drilled 12 miles northeast of the Wildhorse well. Whiting will have one rig running in 2012. This is an interesting area as Whiting is northeast of the Wattenberg Field extension area. Given the results, it is very possible we have a much larger extension area than expected.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group