Denbury Resources (DNR) has 300,000 net acres that is prospective for the Bakken Shale in North Dakota and Montana. The company plans an extensive development program in 2010 on this acreage.
Denbury Resources estimates that it can add 84 million barrels oil equivalent (BOE) of reserves from its acreage here. This estimate is based on 2 wells per section and development of only the Bakken Shale, and not the Three Forks, which may also be present on some of its acreage.
Denbury Resources acreage is split between 8 areas in North Dakota and Montana. The areas and net acreage are as follows:
Charlson - 14,500 net acres
Murphy Creek – 22,000
Bear Creek - 17,000
Cherry Camp/Indian Hills – 86,000
Almond/ NE Foothills – 73,500
Old Shale Play – 32,000
Montana & Other Areas – 54,000