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Bakken play, ND Governor today on CNBC said

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ChitForBrains   Tuesday, 07/12/11 09:02:37 AM
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Bakken play, ND Governor today on CNBC said they (Bakken drillers) have a 98% success rate, go down about two miles (horizontal), and produce about 2,000 bbls per day after the frac.
http://seekingalpha.com/article/269666-steve-palmer-small-companies-poised-for-big-growth?source=yahoo
Quote:
Well, I think one I mentioned in my last interview was Primary Petroleum. That company is continuing to evolve and progress towards a discovery. Over the last couple months it has raised funds so now it can drill on its own rather than seeking a finance partner. It is continuing to acquire more land in Montana where it's targeting the Bakken oil formation. Several big companies, including Newfield Exploration Co. and Rosetta Resources Inc. are operating in the area and getting good results. They've been fairly quiet about what they've been doing, but if you connect all the dots you'll find that they've been having great success. Newfield, for example, just put a second horizontal well into production not too far from Primary's property. That is why I'm optimistic Primary will find something once it starts drilling later this year.



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