Area Drilling

North DakotaParamount Resources Ltd., Calgary, is rigging up two rigs newly built by the company to drill horizontal Bakken shale/Birdbear oil wells in western North Dakota.The company has acquired lands with more than 100 development locations since early 2005 and is still pursuing acreage.The current Williston basin play is based on the ability to perform massive open-hole fracs in wells 15,000 ft deep with laterals as long as 5,000 ft in the Bakken, the company said. Wells are completed at 500 b/d or more, and ultimate recovery is expected to average 250,000 bbl/well.TexasSouthRiverdale Oil & Gas Corp., Huntington Beach, Calif., plans to develop oil in Cretaceous San Miguel 40 mile...

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