Exploration & Production
Arsenal Sees Production Growth From Bakken; Evaluating Cardium Play in 2013
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Arsenal Energy Inc., is pleased to release its 2012 Q2 results. Production for the second quarter increased by 95% to 3,555 boe/d compared to Q2 2011.
Operations
Production averaged 3,555 boe/d during the second quarter, up 95% compared to the second quarter of 2011. The increase was from new Bakken wells in North Dakota and from an acquisition that closed in November of 2011. Arsenal's Q2 production mix was 73% oil and liquids and 27% natural gas.
In the first quarter of 2012, Arsenal drilled the Anthony Robert Bakken horizontal well and spud the Wade Morris Bakken horizontal well, both in North Dakota. Both wells were completed with multistage fracks and placed on production in June. Results from the Anthony Robert were previously released. The Wade Morris well plugged off with frack…
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