North Dakota
Paramount 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.
Texas
South
Riverdale Oil & Gas Corp., Huntington Beach, Calif., plans to develop oil in Cretaceous San Miguel 40 miles south of San Antonio.
The company plans to reperforate the Hitzfelder-10 well in the San Miguel at 2,950 ft and run a hydraulic frac using a proprietary system to facilitate the mobility of the oil. It estimated 240,000 bbl of oil and 120 MMcf of gas in place on 40 acres with the possibility of 15% recovery.
