Whiting Petroleum (WLL) is developing the Niobrara formation at the Redtail prospect in Weld County, Colorado. The company has approximately 76,000 net acres and is targeting the Niobrara B zone on the property.
Whiting Petroleum reported that the Wild Horse 16-13H well is currently producing 328 barrels of oil equivalent (BOE) per day. This was the fourth well of a five well program started in 2010. The Two Mile Creek 22-13H, the final well in this program, has been completed and is producing at an initial rate of 216 BOE per day.
Whiting Petroleum said that based on the results of this five well program, the company has decided to proceed with a second round of drilling. This program will consist of four wells:
- Two wells with 7,000 foot laterals drilled on 960 acre spacing at a cost of $5.5 million each.
- Two wells with 4,000 foot laterals drilled on 640 acre spacing at a cost of $4 million each.