Saturday, February 26, 2011

America's next top shale play(?)

Skriptistä:
Subash Chandra - Jefferies & Company, Inc.

The slides you had, the other zones in Williston Basin and you can do some work there, which of those zones would you say are sort of continuous-type reservoirs and which ones do you think might be discrete?

Jeffery Larson

This is Jeff. The Scallion, I think is going to be variable. We're very excited about the upside in the Scallion. It's basal Lodgepole. It's perfectly positioned. It's got a world-class source rock, the upper Bakken Shale right underneath it. So all you need is fractures or any enhanced porosity that's going to charge.

We'll see in a couple of quarters, and we like what we see. I've got the guys mapping it across the basin. I think it's got resource potential. I don't think -- I think it's going to be in the sweet spot.

Some of the other reservoirs, we're starting to really dial in on some of these other opportunities in the basin. We're looking at Miscu [ph], Dubro [ph], a whole wealth of different intervals. A number of those are stratigraphic in nature.

The other one that's got us intrigued, and you've heard of the North Dakota Industrial Commission talk about it, is the Heath/Tyler section. And that's shallower. It's about 8,500 and 9,000 feet. It's Pennsylvanian age, and it's got a group of source rocks, shales, not unlike the Bakken Shale, intermingled with sandstones that have variable porosity. And I think you'll see us core that this year. And we're getting good shows in our wells. I think you'll see us is core it in McKenzie County. And that could be a much more blanket-type resource play in the future.

Subash Chandra - Jefferies & Company, Inc.

Does that Heath -- does that change a whole lot from the Central Montana Heath?

Jeffery Larson

Yes, it's a different animal. It looks different to us.


OBS! Scallion ei ole shale, joten otsikko on harhaan johtava.

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