Lario bolsters Bakken-Three Forks interests

By OGJ editors
-- Lario Oil & Gas Co., Denver, completed an acquisition with an undisclosed partner of Bakken-prospective acreage in North Dakota, bringing its Bakken and Three Forks holdings to more than 250,000 gross and 49,182 net acres, most of it held by production, in North Dakota, Montana, and Saskatchewan.

Lario acquired 23,000 net acres in Little Knife field, Dunn and Stark counties, ND, from Rocky Mountain Exploration Inc., private Denver operator, retroactive to July 1.

Lario estimated its current Bakken and Three Forks production at 3,000 b/d net.

The acquisition includes interests in more than 36 Bakken and Three Forks wells, numerous proved undeveloped locations, and offsetting acreage. Output from the acquired interests is 100 boe/d.

Tracker Resource Development will operate the properties. Recent nearby discoveries include Tracker’s Wing 15-1H well in Little Knife field, with a 24-hr peak rate of 1,643 boe/d, and Tracker’s Murphy 11-1H well in Murphy Creek field at 1,934 boe/d.

Lario also holds a large interest in the Niobrara light oil play in the Colorado Denver basin.

Related Articles

Second small diesel refinery planned for North Dakota

03/21/2014 Quantum Energy Inc. (QEI), Tempe, Ariz., said it has secured land for the construction of a 20,000-b/d grassroots hydroskimming refinery in North D...

Hiland looks to expand Bakken crude pipeline

03/18/2014 Hiland Crude LLC has launched an open season to solicit shipper interest for crude oil transportation on an expanded version of its Double H Pipeli...

New York county puts freeze on Bakken crude

03/12/2014 Government officials in Albany County, NY, have issued a moratorium on Global Partners LP’s plans to increase the processing of Bakken crude oil at...

EIA: Harsh winter affected US heating expenditures, oil production

03/11/2014 Worldwide liquids fuels consumption will increased by 1.2 million b/d this year and by 1.4 million b/d in 2015, according to the latest outlook fro...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected