Missouri Ridge is about 5 miles north of Williston. It currently (August, 2011) has one long lateral Bakken well running through it.
It caught my attention because there seems to be a group of old wells in that very small field, about half of which are still active; the other half now abandoned.
Here is how much oil has been taken out of those three sections by formation:
- Missouri Ridge-Bakken: 79,000 bbls
- Missouri Ridge- Birdbear: 1,248,034 bbls (yup, million)
- Missouri Ridge-Madison: 464,857 bbls
- Missouri Ridge-Red River: 1,274,334 bbls (yup, million)
- Missouri Ridge-Stonewall: 738,000
At $50/bbl, that represents $190 million. For three sections (1,920 acres). And they say the Bakken is many times better than these other formations. Hmmm. Just the other day a privately-held Canadian company bought an undisclosed number of acres from Anschutz for $115 million. Something tells me it was appreciably more than 3 sections. [Back of the envelope calculations, at $1,500/acre --> 7,500 acres.]