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An company owns 100,800 gross acres in the Bakken Shale in the form of one large, contiguous block. They have a 100% working interest on
An company owns 100,800 gross acres in the Bakken Shale in the form of one
large, contiguous block.
They have a 100% working interest on their acreage.
80% of their acreage is expected to be developed.
Wells are expected to be spaced 660 feet apart with a lateral length of 2 miles.
40 wells have already been drilled on the property.
How many remaining wells net does the company have to drill?
Remember there are 640 acres in a square mile.
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