Oasis Petroleum (OAS) has 160,000 net acres under lease in the West Williston project area that is prospective for the Bakken Shale. The company is estimating that the average Bakken Shale well drilled here will have gross oil reserves in a range of 400,000 to 700,000 barrels per well.
Oasis Petroleum estimates that the average Bakken Shale well drilled and completed in the West Williston area will have the following production rates:
7 day average initial production rate - a range from 567 to 969 barrels oil equivalent (BOE) per day.
60 day average initial production rate – a range from 414 to 708 barrels oil equivalent (BOE) per day.