As a side note: The term "wildcat" has no application to the Bakken Pool that covers the entire Bakken Formation (a continuous oil-bearing formation); the use of the term is deceptive when considering the statutory definition of "field" which means "the general area underlaid by one or more pools." We already know where the approximate outer boundaries of the Bakken Pool are located.
See also definition of "pool" in NDCC Section 38-08-02:
"Pool" means an underground reservoir containing a common accumulation of oil or
gas or both; each zone of a structure which is completely separated from any other
zone in the same structure is a pool, as that term is used in this chapter.
Wildcat drilling refers to exploring for oil or gas in an unproven or unexplored area. Generally, due to the uncertainty of striking oil, investors who choose to enter into wildcat oil and gas limited partnership are exposed to high risks. On the other hand, should a significant amount of oil be discovered, investors can reap immense profits.
Drilling a well into the Bakken Pool is NOT drilling a well into an unproven or unexplored area.