GeoResources (GEOI) issued an update on its operations in the Bakken Shale, where the company has a 47.5% working interest in 49,000 net acres. The acreage is located in Williams County, North Dakota.
GeoResources said that the company would spud 3 wells on its acreage targeting the Middle Bakken in September 2010.
GeoResources also reported that the company would start drilling its first Bakken Shale well in Montana. The Renegade #1-10H is located on the Rip Rap Prospect in Roosevelt County, Montana. The company has a 25% working interest in the well, which will target the Bakken as its primary objective. The Renegade #1-10H also has potential pay in the Ratcliff formation.