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5 Oil Stocks You Want to Know - Barron's

Now a formation below the Bakken presents itself:Jon S. Brumley, Encore's Chief Executive Officer and President, stated, "We are very pleased with the initial results from our first well drilled in the Sanish Formation. The well came on strong with an IP of 1,106 BOE per day. We currently hold large acreage positions in several prolific areas of the Sanish. Based on the results of our first Sanish well and other wells that we have drilled in the Bakken Formation, this play is proving to be a significant source of incremental reserves and production for the Company and results continue to outpace our expectations."