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PetroShale Spins Bit at First Operated Bakken Well
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PetroShale reported its Q3 2016 results.
Key Points: drilled the first well on our operated, 73% working interest DSU which is located in the prolific Antelope area in the heart of the North Dakota Bakken. Highlights: During the three months ended September 30, 2016, we remained focused on advancing the drilling and completion of PetroShale's first operated well, and achieved the following: Drilled the first well on our operated drilling spacing unit (73% working interest) in the prolific Antelope area, which is anticipated to be completed and placed on production before year end. PetroShale's DSU is immediately adjacent to an industry record Bakken well drilled in 2015, in which PetroShale has an 18.8% interest. That well has produced over 610,000 boe during its first 16 months on…- ✓ Full news archive — U.S., Canada & international coverage
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