Whiting Petroleum (WLL) has 75,000 net acres under lease at the Redtail prospect and is working on developing the Niobrara Shale on its acreage here. The company has drilled and completed four wells into the Niobrara Shale here
Whiting Petroleum plans to spud at least four additional wells at Redtail in 2011. The Sidney Draw 6-33M and Sidney Draw 6-13H wells will be spud during the third quarter of 2011 and the Runway 23-41H and the Horsetail 18-0733 wells will be spud during the fourth quarter of 2011.
Whiting Petroleum reported that wells here cost between $4 million and $5 million to drill and complete.