Basic Earth completes drilling operations on Rival Formation re-entry

Basic Earth Science Systems, Inc. and its partners have completed drilling the third of three horizontal legs on the State #16-1H, a horizontal re-entry in McKenzie County, North Dakota. The horizontal drilling equipment is now being removed from the well and plans are to move off the drilling rig and move the pumping unit back on to the location. The well will be placed back on artificial lift to remove more than 2,000 barrels of fluids that were lost during drilling operations. Basic has a 20% working interest in the State #16-1H that is operated by Missouri Basin Well Service.

“We hope to have this well back on production by the end of next week and only then expect to see the results of this effort,” commented Ray Singleton, President of Basic. “Due to safety concerns, we used relatively high fluid weights in this restricted well bore diameter. These weights prevented any gas entry into the well during drilling operations and stifled normal indicators that could have ‘hinted’ at our future success. For this reason, we can not predict what our initial production rate will be. As previously stated, if by placing multiple laterals in this well we can double the production rates that we achieved on the offsetting, single lateral LM #2 we will be more than comfortable moving ahead with plans to develop our offsetting acreage position in this prospect.”