In order to show the geographic location and some of Continental’s activity in the SCOOP, I’ve plugged some information into Drillinginfo and displayed it on the maps below.
SCOOP wells cost about $8.5 to $9 million to complete at the moment. The condensate wells cost around $9 to $9.5 million. Continental is expecting those well costs to come down as more Bakken strategies are applied to the SCOOP. The company has drilled its first extended lateral and plans for even more in 2013.
The Woodford hasn’t seen this kind of action in a while. So I’m excited about this discovery. I plan to take a deeper look into the geology of this area of the Woodford so stay tuned to the Unconventional Reservoir Blogs for that. Also, feel free to check out other activity in the play by visiting the Woodford Folder in the Drillinginfo DNA section.