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BS - Whiting’s Foreman Butte wells outperform predecessors by 117% - September 3, 2019
During Q2, Whiting Petroleum brought online its first 11 wells in the Foreman Butte area of McKenzie County, North Dakota. These wells showed significant 30-day IP improvements compared with historical results in the area. Whiting’s IP30s averaged 910 bbl/d compared to the historical average of 420 bbl/d. Whiting bought its 58,833-net-acre Foreman Butte position from Oasis Petroleum for $130 million in June 2018. The company credits its initial success in the area with its......
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