Statoil starts drilling two wells in North Dakota Bakken
LONDON -- Statoil, successor to Brigham Oil & gas, has started drilling at the Jake 2 11-1H and the Jake 2-11 TFH wells, targeting the prolific Bakken Three Forks Sanish formations in North Dakota, according to Magnolia Petroleum, a minority partner.
Total drill costs for the Jake wells are estimated at $10.22 million each. Four further "Jake" wells are scheduled to spud early 2013; wells will be drilled on the same pad as the Jake 2-11 1H and the Jake 2-11 TFH.
Dow Jones Newswires