Exploration & Production
PetroShale, Slawson Announce Successful Upper Bakken Shale Test
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PetroShale announces the initial results from its first four test wells in the Mondak field of the Williston Bakken operated by Slawson Exploration. These four horizontal test wells in the 40,000-acre Mondak play are noteworthy for having been drilled and completed in the Upper Bakken Shale itself. These wells bracket most of the play from East to West and North to South (30 mile spread) and are significant step-outs from the original five un-stimulated wells drilled by Slawson between 1994 and 2008 that originally defined the Mondak play.
Based on the successful test results of these initial wells, Slawson and PetroShale are moving to a three rig, three wells-per month program in the fourth quarter of 2012. PetroShale's capex for Mondak in 2013 is expected to be $25 million.
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