This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Whiting Petroleum Corporation Drilling Operations: One Well Drilling, One Well Being Completed And One Well Producing In The Sanish Field Of Mountrail County, North Dakota. (Photo: Business Wire)

Denver Basin: Redtail Niobrara Prospect. The Redtail prospect targets the Niobrara formation in the Denver Basin, in Weld County, Colorado. In the second quarter, we added approximately 4,500 net acres to our acreage position at Redtail, bringing our total acreage to 106,889 gross (79,256 net) acres in the play. We resumed drilling operations at Redtail in June 2012. We currently have one well waiting on completion and one well drilling.

Operated Drilling and Workover Rig Count

As of June 30, 2012, 25 operated drilling rigs and 75 operated workover rigs were active on our properties.

The breakdown of our operated rigs as of June 30, 2012 was as follows:




Northern Rockies
20 26
Permian Basin 1 10
Central Rockies 2 -
EOR Projects
Postle 2 4
North Ward Estes -       35
Totals 25       75

We have 29 drilling rigs under contract. Four of these contracts commence subsequent to June 30, 2012, which explains the difference between our second quarter operated rig count of 25 and our 29 contracted rig count. Thirteen of the total 29 contracted rigs have contracts that can be terminated without penalty by December 31, 2012 and another seven rigs have contracts that can be terminated without penalty by December 31, 2013.

5 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs