SM Energy grew Bakken production volumes from 13,700 boe/d in the second quarter to 14,900 boe/d in the third quarter.
The company completed 13 gross wells and is producing 35% more than it did at this time last year.
SM has three rigs running, with a focus in the Gooseneck, and Raven/Bear Den areas. SM Energy has 162,000 net acres prospective for the Bakken and Three Forks, but is focused on development of 81,000 net acres.
The company made two comments related to testing in the play:
- Downspacing results will be considered in planning at year-end
- Evaluating alternate completion designs being used in the play - Current design utilizes a 26-stage sliding sleeve completion and 80,000 barrels of fluid.
Read the company's full third quarter press release at sm-energy.com