On Monday, Continental Resources Inc. announced that it had successfully completed the initial test well in the third bench of the Three Forks zone in the Bakken field of North Dakota.
During the initial testing period, the Charlotte 3-22H well was able to flow 953 barrels of oil equivalent per day, a number that company officials deemed satisfactory. The drill stem testing was done to determine if extraction in that area would produce enough oil to be worthwhile, and as of now that appears to be the case.
Harold Hamm, Chairman and Chief Executive Officer said in a press release that the well has performed up to his standards thus far, on par with some of his other successful locations.
"We're very pleased with the initial performance of the Charlotte 3-22H," Hamm said. "The well has been producing for 15 days and its performance compares favorably with other first bench [TF1] and second bench [TF2] producing Three Forks wells."
Well testing is of the utmost importance because drilling and setting up extraction operations in specific areas requires a tremendous amount of resources including time, effort and money. Should an oilfield producer set up in an area that cannot produce an adequate volume of oil, the financial ramifications could be disastrous.
It's important to invest in proper equipment to ensure that testing can not only be completed in a timely manner, but that results are accurate so producers have the best information at their disposal. Working with an oilfield technologies provider can help companies acquire the best tools for testing. When tests are completed and extraction is set to begin, these professionals can also offer the top solutions needed to ensure an efficient and cost-effective extraction process.