Resolute Energy (REN) issued an operational update on its acreage in the Williston Basin that is prospective for the Bakken formation. The company is active in several different project areas and is involved in joint ventures as well as having its own operated acreage.
Resolute Energy has 24,000 net acres in the New Home II project area in Williams County, North Dakota. The company is involved in an Area of Mutual Interest with GeoResources (GEOI) and a third unidentified party in this project.
Resolute Energy recently completed the Carlson 1-11 well which had a peak 24-hour production rate of 685 barrels of oil per day from the Bakken formation. The Carlson 1-11 well is operated by GeoResources and was completed with an eighteen stage hydraulic fracturing operation at a total cost of $5.6 million. The company reported that the well was still flowing back fracturing fluid and might produce at a higher level.
Resolute Energy is also working on three other Bakken Shale wells in the area:
Siirtola 1-28-33H – Waiting on completion.
Anderson 1-24-13H – Currently being drilled.
Grimstvedt 5703 42-34H – Currently being completed.
The Siirtola 1-28-33H and Anderson 1-24-13H wells are operated by GeoResources, while the Grimstvedt 5703 42-34H well is operated by Oasis Petroleum (OAS).
Resolute Energy is also involved with Marathon Oil (MRO) on acreage prospective for the Bakken in McKenzie County, North Dakota. The company recently finished drilling the Watson USA 14-32H well, which is waiting on completion. The Forest USA 14-2H well is also currently being drilled.