CommodityPrice% Change
Brent Crude Oil50.1615.36%
Light Crude Oil45.11 14.96%
Natural Gas2.710.37%
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Well Performance

Type Curve

Key Wells & Discoveries

Rates of Return/ IRR

Well Activity   ( Q1-2014 to Q2-2015 )






Rig Activity   ( Q1-2014 to Q2-2015 )





 Bakken Shale & Three Forks Map

 Bakken Shale & Three Forks Rig Data : August 31, 2015


Drilling Trends from May 4, 2011 - August 31, 2015

 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…


Cross Section / Stratigraphy
WILLISTON BASIN QEP net production (Boed) 60,000 50,000 40,000 30,000 Fort Berthold 20,000 10,000 - South Antelope Bakken Formation wells Three Forks Formation wells Proved reserves of 143 MMBoe (1) Operated focus area QEP acreage 6 (1) As of December 31, 2014
Map : Isopach / Structure
Geological Sweet Spot in Divide County Unique positioning among peers PhiH of Middle Bakken and Upper Three Forks Well results largely driven by: 4.5 Hydrocarbon charge thermal maturity Reservoir quality PhiH (porosity & thickness) Immature (<430 Tmax) Water Cut 1.0 Water Cut 0.9 70% 0.3 70% 430 Tmax 13
Core Sample(s)
Argentinas Vaca Muerta is one of two successful international shale developments Of those nations with significant shale resources, Argentina is well-positioned to attract significant new investment in unconventional development Worlds third largest resource nation of shale oil and gas Summary Comparison of Vaca Muerta and Key U.S. Shales One of the fastest growing import markets for natural gas Established pipeline and strong facility infrastructure 100 year energy production history provides experienced oil and gas workforce New hydrocarbon law is industry friendly Government supported oil price of 77 per barrel Vaca Muerta Barnett Haynesville Marcellus Eagle Ford Bakken TOC (%) 6 5 2 12 4 12 Government supported gas price of 7.50 Thickness (m) 200 91 76 61 61 30 Depth (m) 3,000 2,286 3,658 2,057 2,287 1,829 YPF production from Vaca Muerta nearing 45,000 BOE Area (km2) 30,000 16,726 23,310 245,773 5,180 51,800 Reservoir pressure 8,000 3,525 10,800 3,375 4,502 4,200 (psi) Pressure gradient 0.65-1.0 0.47 0.90 0.50 0.60 0.70 (psi/ft) Source: YPF, EIA, SPE. High-quality liquids-rich shale with established infrastructure, manageable logistics 9
Reservoir Characteristics
Argentinas Vaca Muerta is one of two successful international shale developments Of those nations with significant shale resources, Argentina is well-positioned to attract significant new investment in unconventional development Worlds third largest resource nation of shale oil and gas Summary Comparison of Vaca Muerta and Key U.S. Shales One of the fastest growing import markets for natural gas Established pipeline and strong facility infrastructure 100 year energy production history provides experienced oil and gas workforce New hydrocarbon law is industry friendly Government supported oil price of 77 per barrel Vaca Muerta Barnett Haynesville Marcellus Eagle Ford Bakken TOC (%) 6 5 2 12 4 12 Government supported gas price of 7.50 Thickness (m) 200 91 76 61 61 30 Depth (m) 3,000 2,286 3,658 2,057 2,287 1,829 YPF production from Vaca Muerta nearing 45,000 BOE Area (km2) 30,000 16,726 23,310 245,773 5,180 51,800 Reservoir pressure 8,000 3,525 10,800 3,375 4,502 4,200 (psi) Pressure gradient 0.65-1.0 0.47 0.90 0.50 0.60 0.70 (psi/ft) Source: YPF, EIA, SPE. High-quality liquids-rich shale with established infrastructure, manageable logistics 9