GMX Resources Inc. released results from its fourth operated Bakken well April 3.
The horizontal Lange 11-30-1H well in McKenzie County, ND, produced at a peak rate of 2,549 barrels of oil equivalent per day at 1,500 pounds per square inch of pressure.
The Oklahoma City-based company drilled the well to depth of 20,519 feet with a lateral length of 9,348 feet and completed the well with 32 stages of hydraulic fracturing.
“The Lange result is consistent with our belief that the acreage position we have in Billings and McKenzie counties will deliver terrific results. The Lange’s initial rate is more than 50 percent greater than the rate that was reported on our non-operated Taboo well, which is a direct offset to the Lange. Our 2012 drilling plan will continue to be focused in this very productive region,” GMX President Michael J. Rohleder said.
GMX owns at 89 percent stake in the well.
GMX operates oil production in the Williston basin of North Dakota and Montana, and the Denver-Julesburg basin of Wyoming, and natural gas production in the East Texas basin, in the Haynesville/Bossier gas shale and the Cotton Valley sand formation.
—Erid Lidji
