Exploration & Production
U.S. Energy Corp. Reports High IP From Bakken Well
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U.S. Energy Corp. (Nasdaq:USEG) (the "Company"), today reported the initial production rate for the State 36-1 #3H well in the Williston Basin of North Dakota, and announced that it will be presenting at the Global Hunter Securities GHS 100 Energy Conference — San Francisco.
Williston Basin, North Dakota - Rough Rider Program:
The State 36-1 #3H infill well had an early 24 hour flow back rate of 4,182 BOE/D on June 18, 2012. The initial production ("IP") rate consisted of 3,442 barrels of oil and 4,473 MCF of natural gas and represents the second highest IP rate reported in its drilling program with Statoil. The Company has an approximate 3.64% WI and 2.91% NRI in this well. Two additional wells are scheduled to be drilled in the fourth quarter of 2012 with Statoil in the Rough Rider…- ✓ Full news archive — U.S., Canada & international coverage
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