2-15N-12W- Blaine County

Hi M_Barnes. From what I have seen yes, companies were aware a while back that cramming more wells into a section could be a problem. But I don’t think that gets to the issue, which is that even though they knew this, they were not changing the way they valued their properties. They kept valuing the acreage as if they could fit more wells. My contact said that the reservoir engineers kept warning about wells being to tight, and management kept valuing the property as if there would be 8 wells that produced just like the first one. From what I read IT IS a relatively new thing that companies are actually coming out and saying what their staff warned them about.