Williston Basin
SOLD – 2010
$1.05 Billion, Hess Corp.
Reservoir: Bakken / 3Forks
Well Depth: 11,000 ft TVD / 20,000 ft MD
Acreage: 167,000
WI: ~150 Controlling DSU’s
Wells: 53
Net Production: 4,400 BOEPD
TRZ Energy, LLC
(EnCap, ZBI Ventures, Red Arrow Exploration)
- Strategy
- Applied Technology: Prove economic development through geologic and reservoir characterization and enhanced completion techniques.
- Actions
- Detailed geologic and reservoir characterization
- 53 horizontal wells drilled, with over 90 miles of lateral length, 97% in targeted zones
- Optimized multi-stage completion techniques
- Results
- 440 million BOE Net Recoverable Reserves