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Bakken Shale & Three Forks Rig Count

  Count Change From
Previous Week
YTD Change From
Previous Year
Oil Count 31 -2 -22 -27
Gas Count 0 0 0 0

Most Active Operators By Rig Count

Operator Current Week Previous Week Change Q2-2016
Continental Resources, Inc. 5 4 +1 8
Whiting Petroleum Corp. 4 4 --- 2
Subscribe to See 4 4 --- 6
Subscribe to See 3 2 +1 4
Subscribe to See 2 4 -2 8


Most Active County By Rig Count

County Current Week Previous Week Change Q2-2016
MCKENZIE 15 15 --- 27
DUNN 10 8 +2 11
Subscribe to See 5 5 --- 6
Subscribe to See 2 3 -1 11
Subscribe to See 1 1 ---


Bakken Shale & Three Forks Drilling Programs


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


Bakken Shale Completions (as of 12/03/2016)

Wells Completed By Company
01/01/2015 - 07/31/2016
Top  Operators ( Jan 1, 2016 - Dec 03, 2016)

ConocoPhillips ( 123 )   

EOG Resources, Inc. ( 103 )   

Whiting Petroleum Corp. ( 88 )   

Continental Resources, Inc. ( 87 )   

Hess Corp ( 61 )   

Oasis Petroleum Inc. ( 58 )   

SM Energy Company ( 38 )   

Statoil ( 33 )   

 Drilling Permits Trends ( Jan 2015 - Dec 2016)

Drilling Permits ( November 03, 2016 - December 03, 2016)
Date Approved county Well Name Well type Well Bore Type Field/Zone
Montana Land & Exploration Inc
12-02-2016 Blaine Ml&e Rabbit Hills 7-14-34n-19e Oil new (vertical well) Wildcat Blaine-bowes Member
Highlands Montana Corporation
12-02-2016 Custer Helios 5-52-16-21 Service new (vertical well) Wildcat Custer-dakota
Petroshale Inc.
11-30-2016 Mckenzie Petroshale Us 14h Oil new (horizontal well) Antelope / Confidential
11-30-2016 Mckenzie Petroshale Us 18h Oil new (horizontal well) Antelope / Confidential
11-30-2016 Mckenzie Petroshale Us 13h Oil new (horizontal well) Antelope / Confidential
Crescent Directional Drilling LP
11-30-2016 Williams Cpeusc Ruby 4-17-20-158n-100w Mbh Oil new (horizontal well) Winner / Confidential
11-30-2016 Williams Cpeusc Holmes 4-8-5-158n-100w Mbh Oil new (horizontal well) Winner / Confidential
11-30-2016 Williams Cpeusc Ruby 7-17-20-158n-100w Tfh Oil new (horizontal well) Winner / Confidential
11-30-2016 Williams Cpeusc Holmes 7-8-5-158n-100w Tfh Oil new (horizontal well) Winner / Confidential
11-30-2016 Williams Cpeusc Holmes 2-8-5-158n-100w Mbh Oil new (horizontal well) Winner / Confidential

Bakken Shale & Three Forks Type Curve
Wild Basin High Intensity Type Curve and Performance Update Wild Basin Bakken Well Performance Wild Basin Three Forks Well Performance 250 250 Cumulative MBOE Produced Cumulative MBOE Produced Updated 1,550 MBOE Wild Basin Type Curve 200 200 Updated 1,200 MBOE Wild Basin Type Curve 150 150 100 100 Core Bakken Type Curve Core Three Forks Type Curve 50 50 0 0 0 30 60 90 120 150 180 0 30 60 90 120 150 180 Days Producing Days Producing Cum. Avg. BOE/Day (12 wells) Original WB TF 1,000 MBOE Type Curve Cumulative Avg. BOE/Day (12 wells) Original WB Bakken 1,200 MBOE Type Curve Updated 1,200 MBOE TF Type Curve 875 MBOE TF Core Type Curve Updated 1,550 MBOE Bakken Type Curve 1,050 MBOE Bakken Core Type Curve Wild Basin Type Curve Statistics (1) Highlights Core: Core: Bakken Three Forks EUR (Mboe) 1,550 1,200 Single well IRRs in excess of 100% for both Bakken Initial Production and Three Forks at strip pricing IP 7 day midpoint (Boepd) 2,304 1,795 Assuming 5.2MM current well costs 1st 30 days -average (Boepd) 1,912 1,490 nd Remaining upside from ongoing completion testing 2 30 days - average (Boepd) 1,331 1,037 program Cumulative (Mboe) 30 day 57 45 Substantial portion of remaining core inventory 60 day 97 76 180 day 201 157 365 day 302 235 1) Type curve parameters: Qi=varies, b=1.6, initial decline 82%, terminal decline 6%, 2,500 gas / oil ratio 11
Oasis Petroleum Inc.
November,18 2016
    
Bakken Performance Continues to Improve Record Wells Through Enhanced Completions Two record 30day cumulative production: Recent completions Brangus North flowed 51.8 MBoe (86% oil), 9,900 lateral Rath Federal flowed 43.3 MBoe (84% oil), 13,800 lateral Both wells used 2 3x more proppant and diverter technology 140,000 Strong Bakken Producers MB and TF1 120,000 100,000 Cum Boe 80,000 MB,TF1,TF2 Brangus North 60,000 Brangus North IP: 2,493 Boe Maryland Rath Federal 40,000 IP: 1,264 Boe Nashville 20,000 Maryland 900 MBoe type curve Nashville 0 IP: 1,417 Boe 0 50 100 150 MB or TF1 Rath Federal MB,TF1,TF2,TF3 Days MB and TF1 IP: 2,395 Boe Data as of October 30, 2016 Cum. Prod. Production Current Rate Well Name Days (MBoe) (Boepd) Maryland 216H(1) 160 128.0 689 Nashville 221H(1) 123 120.2 903 Brangus North 12H2 61 105.2 1,625 CLR Leasehold 2015 Operated Spuds Rath Federal 522H 75 91.5 898 2016 Operated Spuds 20 miles 1. Marylands current rate is as of 10/19/16 and Nashvilles current rate is as of 9/6/16 15
Continental Resources, Inc.
November,17 2016
    
Fort Berthold Well Performance High Intensity Completions High intensity completion design (1,000 lbs/ft. of proppant) driving strong performance Highest rate wells located in NW acreage, including strong 2nd Bench Three Forks Enerplus Bakken Well Performance Enerplus Three Forks Well Performance Cumulative barrels of oil (22 wells) Cumulative barrels of oil (18 wells) 500,000 500,000 1,200 MBO (1,400 MBOE) Type Curve 1,200 MBO (1,400 MBOE) Type Curve 450,000 900 MBO (1,050 MBOE) Type Curve 450,000 900 MBO (1,050 MBOE) Type Curve 400,000 400,000 TF2 350,000 350,000 TF2 300,000 300,000 250,000 250,000 200,000 200,000 150,000 150,000 100,000 100,000 50,000 50,000 - - 0 50 100 150 200 250 300 350 400 0 50 100 150 200 250 300 350 400 Days Days 1) Normalized producing days, excluding downtime 12 2) Production data based on 2-mile lateral wells
Enerplus Corp
November,11 2016
    
LONG-TERM STRATEGY OF DEVELOPING A RESOURCE PLAY: VIEWFIELD BAKKEN EXAMPLE Primary and Infill Development Initiated drilling program in 2007 with over 2,100 horizontal wells drilled to date in the play 1,200 net drilling locations remaining within current inventory in the play (11 years)10 Targeting 19% recovery rate on primary basis (well payouts of approximately one year or less) Continually implementing new technology to increase EURs and NPVs (3x since entering the play) Primary well Infill well 200-metre spacing (8 wells per section) Secondary Waterflood Development 160 Convert primary well to water injection well to 3x greater NPV10% and EUR increase reservoir pressure, lower decline rates 120 versus primary12 13 Oil Rate (bbl/d) and increase ultimate oil recovery rates EUR 100mbbl Infill wells under waterflood are recovering 80 greater than 3x the EURs versus primary EUR 350mbbl 40 Targeting 30% to 40% recovery rate and F&D of 0 Primary well Converted water 2 per bbl on waterflood reserves11 0 1 2 3 4 5 6 7 8 9 10 injection well 200-metre spacing (8 wells per section) Implementing waterflood technology to enhance Years production and recovery rates Infill Well Direct Offset Well (i.e. multiple-stage segmented strings) 13 FOOTNOTES INCLUDED IN THE BACK AS ENDNOTES CRESCENT POINT ENERGY CELEBRATING 15 YEARS OF SUCCESS
Crescent Point Energy Corp.
November,10 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 : December 3, 2016


Drilling Trends from May 4, 2011 - December 3, 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
10/20/2016 Pilgrim Petroleum Corporation Not Disclosed Pilgrim Petroleum Acquires Bakken, Woodford, Eagle Ford Assets $330
10/18/2016 Oasis Petroleum Inc. SM Energy Company Oasis Makes Big Acreage Buy in the Bakken; $766 Million $766
Subscribe to see Subscribe to see Subscribe to see SM Energy Sells Raven/Bear Den Acreage in ND ---
Subscribe to see Subscribe to see Subscribe to see Resource Energy Acquires Samson Resources Bakken Assets $75
Subscribe to see Subscribe to see Subscribe to see Continental Resources Sells Off 80,000 Acres of Rockies Assets $222
Subscribe to see Subscribe to see Subscribe to see 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
 

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