Whiting released their second quarter 2010 results this week and provided great information about their Sanish field and Parshall field activity in the Bakken/Three Forks play. Overall Whiting produces 2.36 MMboe net in the second quarter in the play, 0.533 MMboe from the Parshall and 1.824 MMboe from Sanish. In the Sanish they currently hold 112,427 gross acres (67,893 net) and averaged 20.0 Mboe/d in the quarter. They have a 9 rig drilling program and plan to continue the same number of rigs through 2012. Whiting has completed 40 Sanish wells so far in 2010, 36 of which are in the Bakken and 4 in the Three Forks, for a total of 108 wells in the field. They plan to drill 90 operated wells and participate in 8 non-operated wells in 2010. Their total estimated well cost in the Sanish is approximately $5.0 million per well and so far they have an average IP of 2,478 Boe/d for 2010 wells.
In the Parshall Field Whiting currently hold 73,242 gross acres (18,178 net) with an average of 5.9 Mboe/d in the second quarter. Almost all of their Parshall Bakken locations are drilled up but they are pursuing at a moderate pace in developing the Three Forks in the field. They are running a 1 rig program and plan a total of 15 wells (3 net) in 2010, 12 of those are operated by EOG. As of July 20 Whiting has participated in 120 wells in the Parshall with 116 producing, 3 awaiting completion and 1 drilling.
For more information visit the Whiting folder in the Bakken Unconventional Update in DI’s DNA.
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