On June 10, Triangle Petroleum (TPLM), a small-capitalization Bakken operator, reported its first quarter fiscal 2014 results and provided operational update. Some of the operational insights discussed by the company are quite notable. The most important is the confirmation of 160-acre downspacing feasibility in the deep portion of the Basin. The announcement may be a bellwether report which front runs a wave of downspacing test result releases by several larger operators expected later this year and in 2014.
Triangle Reports "No Communication" In a Downspacing Test
Triangle is one of the first operators to report results of a high density drilling test in the Middle Bakken. According to the company's press release, its recent downspacing test indicates potential...
Only subscribers can access this article, which is part of the PRO research library covering 3,584 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: