Whiting Petroleum Corporation Q3 2008 Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 0

2008-11-10 04:34:29.0

Tags: Team, Call Transcript, Earnings, RBC Capital Markets, Team Management, Management, Seeking Alpha, Team, Call Transcript, Earnings, RBC Capital Markets, Team Management, Management, Seeking Alpha, Whiting Petroleum Corp.

Question-and-Answer Session

Operator

(Operator instructions) And your first question comes from the line from Scott Hanold from RBC Capital Markets. Please proceed.

Scott HanoldRBC Capital Markets

Thanks. Good morning.

James Volker

Good morning, Scott.

Scott HanoldRBC Capital Markets

Some pretty nice results out therein the Bakken. Can you give us a little more insight? I know you were all involved in a consortium out there. Was there anything different about the drilling or completion on that well that would have led to such a great result? And is there any indication that this 4,600 barrel a day well may not be the only one out there or could results get better?

James Volker

Well, as you know we've been – our team, I believe is well schooled in the method that we have developed. I'd like to thank our partner over at Parshall, EOG, for sharing information with us and other operators in the area for sharing information with us. And we've tried to reciprocate. We think we do have a method that's working very well for us. Obviously, we're drilling these wells on 1280s. We're getting approximate 10,000 foot horizontal out there. We're concentrating on conditioning the hole prior to the time that we run that assembly in the hole that allows us to do the multistage fracing.

And I'd like to compliment our Northern Rockies team for the way that they have executed there. I think it's – lot of it has to do with, I guess I'd say, the way we are able to oversee the drilling of the wells, the kind and quality of equipment that our drilling team, drilling department has brought to work out there in the form of three different drilling contractors with the appropriate equipment for the area and then our collaboration with Halliburton on the way we're fracing those wells. So, I think all of that is important. I don't think we're doing anything that anyone else couldn't do. I just think we're being careful in the way that we're executing there and the results are, in my opinion, and I answered your question I hope, repeatable.

Scott HanoldRBC Capital Markets

Okay. So, particular with that well, there was nothing you did any different than other operators are doing in and around that same area, is that correct?

James Volker

Yes. I'd like to say that I think we were obviously one of the first to try the 1280s. I think we have our – the way in which we drill these things down, the manner in which we do it honed, but other people could do the same thing. And I think some of them now are doing it. They're going to be drilling on 1280s and I think they're going to have good success as well.

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement