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Bakken Shale & Three Forks Rig Count

  Count Change From
Previous Week
YTD Change From
Previous Year
Oil Count 27 -2 -26 -46
Gas Count 0 0 0 0

Most Active Operators By Rig Location - North Dakota

Operator Active Rigs
Hess Corporation 4 Active Rigs
Continental Resources, Inc. 4 Active Rigs
Oasis Petroleum Inc. Subscribe to see
Whiting Petroleum Corp. Subscribe to see


Drilling Program


Sm Energy Company Plans to Drill XXX Wells in 2016
Enerplus Corporation Plans to Drill XXX Wells in 2016
Marathon Oil Corporation Plans to Drill XXX Wells in 2016
Halcon Resources Corporation Plans to Drill XXX Wells in 2016


Bakken Shale Completions (as of 08/24/2016)

Wells Completed By Company
01/01/2015 - 07/31/2016
Top  Operators ( Jan 1, 2016 - Aug 24, 2016)

EOG RESOURCES ( 75 )   

BURLINGTON RESOURCES OIL - GAS LP ( 66 )   

WHITING OIL AND GAS ( 61 )   

CONTINENTAL RESOURCES ( 48 )   

HESS BAKKEN INVESTMENTS ( 34 )   

OASIS PETROLEUM NORTH AMERICA LLC ( 26 )   

SINCLAIR OIL AND GAS ( 24 )   

SM ENERGY ( 20 )   

 Drilling Permits Trends ( Jan 2015 - Aug 2016)

Drilling Permits ( July 25, 2016 - August 24, 2016)
Date Approved county Lease Well# Well type Field/Zone
Oasis Petroleum Inc.
08-22-2016 Mckenzie Ceynar 5298 42-32 8b Oil & Gas Banks / X
08-22-2016 Mckenzie Ceynar 5298 42-32 9t Oil & Gas Banks / X
08-22-2016 Mckenzie Ceynar 5298 42-32 10b Oil & Gas Banks / X
08-22-2016 Mckenzie Ceynar 5198 11-5 2bx Oil & Gas Banks / X
08-22-2016 Mckenzie Ceynar 5198 11-5 3tx Oil & Gas Banks / X
08-22-2016 Mckenzie Patsy 5198 11-5 2bx Oil & Gas Siverston / X
08-22-2016 Mckenzie Patsy 5198 11-5 3tx Oil & Gas Siverston / X
Whiting Petroleum Corp.
08-22-2016 Mountrail Sikes State 43-16-2h Oil & Gas Sanish / X
ConocoPhillips
08-22-2016 Dunn Lincoln Hill 1a Tfh Oil Killdeer / Confidential
DAHL SWD
08-19-2016 Mckenzie Quale Swd 1 Oil Antelope / Confidential

Bakken Shale & Three Forks Type Curve
Fort Berthold Position Core Acreage, Strong Well Performance 100% of Enerplus Acreage is in the Core Fort Berthold Well Results 350,000 1,200 Mbbl Type Curve Acreage Quality 2014-2016 wells Avg Long Laterals Peak Monthly Production By Township 300,000 900 Mbbl Type Curve 250,000 Barrels of oil MARGINAL 200,000 150,000 2013 wells 100,000 2012 wells CORE FLANKS CORE INNER CORE 50,000 CORE INNER CORE 0 0 50 100 150 200 250 300 350 400 450 Enerplus CORE Days operated Type Curve Economics(1)(2)(3) townships Oil (MBO) 1,200 900 MARGINAL Oil Equivalent (MBOE) 1,400 1,050 30 Day Cum Oil Prod (bbls) 48,118 36,089 CORE ND Township Production since 2008 1st Year Cum Oil Prod (bbls) 267,121 200,341 IRR Pretax (%) 52% 27% Payout (Years) 1.9 3.1 Top 10% BESC (US/bbl) 35.50 41.30 of basin Capital (USMM) 8.0 8.0 1) Economics are based on WTI US50/bbl and NYMEX US3.00/Mcf. Sales point differential to WTI for 2016: -US7.50; 2017 & beyond: -US7.00 2) Capital assumption includes drill, complete tie-in and facility costs 12 3) BESC (break-even supply costs) based on 10% rate of return and are referenced to WTI
Enerplus Corporation
August,15 2016
    
Bakken / Three Forks Exceptional Well Performance versus Type Curve 12/31/14 Type Curve = 420 MBO/well 12/31/15 Type Curve = 440 MBO/well 17
Abraxas Petroleum Corp.
August,09 2016
    
Core High Intensity Type Curve and Performance Update Core High Intensity Type Curve Core Bakken & TFS High Intensity Well Performance 450 400 1,000 450 350 MBoe 400 300 350 250 1,050 300 200 Mboe Boepd 250 150 875 Bakken: 1,050 Mboe 200 Mboe 100 100 150 100 50 TFS: 875 Mboe 50 - 80 20 40 60 0 220 380 100 120 140 160 180 200 240 260 280 300 320 340 360 400 420 440 460 480 500 - 0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 320 340 360 380 400 420 440 46 Days 10 Wild Basin Bakken (White Well) Bakken (39 wells) 1050 Wild MBOE Basin Bakken (White Well) Wild Basin TFS (2 White Wells) Bakken (39 wells) 1050 MBOE 0 1 2 3 4 5 6 7 8 9 10 11 12 TFS (24TFS wells) 875 MBOE Year Wild Basin (2 White Wells) TFS (24 wells) 875 MBOE Core Type Curve Statistics (1) Core Economics by Commodity Price (1) Core: Core: Bakken Three Forks 140% EUR (Mboe) 1,050 875 120% Initial Production 100% IP 7 day midpoint (Boepd) 1,572 1,307 IRR 80% 1st 30 days -average (Boepd) 1,305 1,085 60% 2nd 30 days - average (Boepd) 908 755 Cumulative (Mboe) 40% 30 day 39 33 20% 60 day 66 55 0% 180 day 137 114 40 WTI 8/02/16 50 WTI 60 WTI 365 day 206 172 2.60 HH Strip 3.00 HH 3.25 HH Bakken Core TFS Core 1) Type curve parameters: Qi=varies, b=1.6, initial decline 82%, terminal decline 6% 11
Oasis Petroleum Inc.
August,04 2016
    
Bakken Enhanced Completions Continue to Deliver 25% to 40% EUR uplift Production Uplift 110,000 60% Slickwater (54 Wells) 100,000 90,000 45% Hybrid (72 Wells) 80,000 70,000 Average Standard Completion Offsetting Legacy Wells Cum Boe 60,000 50,000 40,000 30,000 20,000 10,000 0 0 30 60 90 120 150 180 Days Slickwater Hybrid Base Note: Enhanced Slickwater and Hybrid 30stage Well Completions in Williams and McKenzie Counties 20
Continental Resources, Inc.
August,03 2016

Well/Drilling Permits Filed Between ( Q1-2014 to Q3-2016 )





Rig Activity   ( Q1-2014 to Q3-2016 )





 Bakken Shale & Three Forks Map

 Bakken Shale & Three Forks Rig Data : August 24, 2016


Drilling Trends from May 4, 2011 - August 24, 2016

 Bakken Shale & Three Forks Overview



The Bakken shale and underlying Three Forks formation are part of the larger Williston Basin which encompasses Saskatchewan, Manitoba, North Dakota, Montana, and South Dakota. Bakken producing zones are mainly present in Western North Dakota, Southern Saskatchewan, and Eastern Montana.

The Bakken shale is one of the largest (possibly the largest) continuous oil accumulations in the world.  It is an over pressured system which is in part responsible for high IP rates. The high pressure in the formation suggests that the…


  Bakken Shale & Three Forks - Mergers & Acquisition

Announce DateBuyerSellerTitleValue $MM
08/18/2016 Not Disclosed Continental Resources, Inc. Continental Resources Sells Off 80,000 Acres of Rockies Assets $222
07/06/2016 Angelus Private Equity Group Samson Oil & Gas Limited Samson Sells Bakken North Stockyard Asset to Private Equity Firm $15
Subscribe to see Subscribe to see Subscribe to see Lone Pine, Arsenal to Combine; 765,600 Net Acres ---
Subscribe to see Subscribe to see Subscribe to see Lime Rock Picks Up Non-Op Williston Basin Assets for $116.1MM $116
Subscribe to see Subscribe to see Subscribe to see Arsenal Energy to Sell All U.S. Assets; Bakken/Three Forks $34
Subscribe to see Subscribe to see Subscribe to see Company Exits Bakken; Sells 9,000 Acres For $59 Million $60
Subscribe to see Subscribe to see Subscribe to see Magellan Inks Deal for One Stone's Nautilus Poplar LLC ---
Subscribe to see Subscribe to see Subscribe to see NP Resources Acquires Bakken/Three Forks Assets; 89,500 Acres ---
Subscribe to see Subscribe to see Subscribe to see Samson Picks Up Bakken Leasehold, Producing Well Package $16
Subscribe to see Subscribe to see Subscribe to see Emerald Sells Portion of Bakken Leasehold for $9.75 Million $10
 

  Bakken Shale & Three Forks Transactions By Quarter ($MM)