American Oil and Gas recently announced the results of the Ron Viall 1-25H which produced 2,844 Boe/d during an early 24 hour flow back period. The production breakdown was 1,981 Bbls of oil and 5,179 Mcf of gas. The new well’s lateral length was 9,223 feet with 30 frac stages and American has a 95% working interest in the well. So far in 2010 the Company has completed the Tong Trust 1-25H that IP-ed at 1,421 Boe/d and they have 3-5 gross additional operated wells planned for the remained of the year with at least one well targeting the Three Forks formation.
As of April 14, 2010, American Oil and Gas has over 102K gross (68K net) acres in the Bakken/Three Forks play in what they call their Goliath Project. They have two rigs under contract and over 50 possible drilling locations. American is using 1,280 net acre spacing development locations each with a potential for 3-4 wells.
The following map shows American’s Ron Viall 1-25H and the Tong Trust 1-25H along with other recent wells that have been in operator press releases from the Performance Press Release folder in DNA.
To learn more visit the American Oil and Gas folder in the Unconventional Updates in DI’s DNA.
Anne Leonard
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