Fracture stimulated over the two mile horizontal wellbore section, John Paul and Ronald Carter were tied-in to Arsenal’s facilities and are currently producing.
During a 24 hour test period, John Paul 11-2H has produced 1,442bbl oil at a flowing pressure of 700psi, while Ronald Carter 11-2H well produced 1,211bbl oil at a flowing pressure of 750 psi.
The company will operate these two wells with a 62% working interest.
Type wells average 630boe/d for the first month and 265boe/d for the first year and have approximately 500mbo of proven plus probable reserves.
Arsenal has 11,000 net mineral acres in three areas of North Dakota.
