Continental Resources (CLR) reported its second quarter of 2009 earnings and updated its operations in the Bakken Shale.
The company drilled and completed the Mathistad 2-35H well into the Middle Bakken zone. This well was designed to test the theory that the Bakken Shale and the Sanish/Three Forks zone are separate producing formations.
The Mathistad 2-35H was drilled parallel and 50 feet above the Mathistad 1-35H, a previous well drilled and completed by Continental Resources. When the Mathistad 2-35H was brought on line, it produced at an initial production rate of 995 barrels oil equivalent (BOE) per day. This was four times the rate at which the Mathistad 1-35H was currently producing at.
This is fairly compelling evidence that the two zones are separate formations, compared to the previous theory that an operator drilling to the Sanish/Three Forks was draining from the Bakken Shale above. ___________________________________________________________________
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