Operational Updates
Credo Update Bakken and Three Forks Drilling Activity
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Credo Petroleum Corporation, today updated its Bakken and Three Forks operations.
Michael D. Davis, interim Chief Executive Officer stated, "This press release updates our Bakken and Three Forks drilling project where we have the potential to drill up to 400 wells in the primary Bakken and Three Forks zones. In addition, some operators are having success testing the "lower" Three Forks benches, which adds additional upside to our position in the play. We currently estimate that the Bakken and Three Forks represent about 50% of Credo's resource potential based on only four wells per spacing unit."
Credo has participated in 25 Bakken and Three Forks wells to date. As shown in the tables below, 16 of the wells have been completed and all are high rate producers. Five of the producers were…
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