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Bakken Shale & Three Forks Rig Count

  Count Change From
Previous Week
YTD Change From
Previous Year
Oil Count 30 2 -23 -35
Gas Count 0 0 0 0

Most Active Operators By Rig Count

Operator Current Week Previous Week Change Q1-2016
Continental Resources, Inc. 4 4 --- 6
Hess Corp 3 4 -1 5
Subscribe to See 3 2 +1 6
Subscribe to See 2 1 +1 1
Subscribe to See 2 2 --- 4


Most Active County By Rig Count

County Current Week Previous Week Change Q1-2016
DUNN 10 10 --- 13
MCKENZIE 10 11 -1 30
Subscribe to See 4 4 --- 9
Subscribe to See 4 5 -1 7
Subscribe to See 1 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 09/30/2016)

Wells Completed By Company
01/01/2015 - 07/31/2016
Top  Operators ( Jan 1, 2016 - Sep 30, 2016)

ConocoPhillips ( 88 )   

EOG Resources, Inc. ( 78 )   

Whiting Petroleum Corp. ( 69 )   

Continental Resources, Inc. ( 56 )   

Hess Corp ( 43 )   

Oasis Petroleum Inc. ( 43 )   

Sinclair Oil & Gas Company ( 27 )   

Marathon Oil Corp ( 23 )   

 Drilling Permits Trends ( Jan 2015 - Sep 2016)

Drilling Permits ( August 31, 2016 - September 30, 2016)
Date Approved county Well Name Well type Well Bore Type Field/Zone
ConocoPhillips
09-23-2016 Mckenzie State Veeder 3b Mbh Oil new (horizontal well) Blue Buttes / Confidential
09-22-2016 Mckenzie State Veeder 2c Mbh Oil new (horizontal well) Blue Buttes / Confidential
09-22-2016 Mckenzie State Veeder 2b Utfh Oil new (horizontal well) Blue Buttes / Confidential
09-22-2016 Mckenzie State Veeder 2a Mbh Oil new (horizontal well) Blue Buttes / Confidential
09-22-2016 Mckenzie State Veeder-kummer 3c Utfh-ulw Oil new (horizontal well) Blue Buttes / Confidential
09-22-2016 Mckenzie Renegade 24-10 Mbh Oil new (horizontal well) Sand Creek / Confidential
09-21-2016 Mckenzie Renegade 24-10 Tfh Oil new (horizontal well) Sand Creek / Confidential
09-21-2016 Mckenzie Chuckwagon 21-15 Tfh Oil new (horizontal well) Sand Creek / Confidential
09-09-2016 Mckenzie Outlaw Gap 14-23tfh Oil new (horizontal well) Sand Creek / Confidential
09-08-2016 Mckenzie Outlaw Gap 24-23mbh Oil new (horizontal well) Sand Creek / Confidential

Bakken Shale & Three Forks Type Curve
FBIR Well Performance vs. Type Curve 425,000 400,000 375,000 350,000 325,000 300,000 Cumulative Oil Production (Bbl) 275,000 250,000 225,000 200,000 175,000 150,000 125,000 100,000 75,000 50,000 25,000 Producing Days 0 - 30 60 90 120 150 180 210 240 270 300 330 360 390 420 450 480 510 540 570 600 630 660 690 720 (1) (2) 2014+ FBIR Program 900 MBOE FBIR Type Curve (1) Program consists of 86 wells. 21 (2) Formation: Middle Bakken and Three Forks
Halcon Resources Corp
September,09 2016
    
Enhanced Completion 5+MMLb Fracs Tracking 900 MBOE EUR Type Curve(1) Data Set Includes 48 Wells Spanning 6 Counties 180,000.0 160,000.0 140,000.0 120,000.0 Barrels of Oil Equivalent 100,000.0 80,000.0 60,000.0 40,000.0 20,000.0 0.0 0 20 40 60 80 100 120 140 160 180 200 Days Enhanced Completion Average 700 MBOE 900 MBOE (1) Data set includes all enhanced completion wells (over 5 million pounds sand per well) since January 1, 2015 with 200 days of production. These 48 wells span Billings, Dunn, McKenzie, Mountrail, Stark and Williams counties. NYSE: WLL 8
Whiting Petroleum Corp.
September,07 2016
    
Completion Enhancements Lead to Record Bakken Wells W. Myrmidon competes at top of resource play inventory Clarks Creek Pad 2Q 2016 Completions Unit production expense down 30% 2,550 BOED Avg 30D IP in 1H 2016 from same period in 12-18 MMLBS proppant 230 / stage 2015 West East Doll Pad Enhanced completions driving 3Q 2015 Completions 1,450 BOED Avg 30D IP Myrmidon improvements in well performance 4-9 MMLBS proppant 300 / stage 100% increase YoY in proppant per well Maggie Pad 3 wells to sales in 3Q 6-15 MMLBS proppant Clarks Creek Pad: 4 of the best 200 / stage wells in the Basin since 2013 W. Myrmidon Production Performance W. Myrmidon achieves over 50% 200 Clarks ClarksCreek CreekPad PadWell Wells IRR at 50 WTI Doll Pad Pad Well Wells 150 MB //TF TF Type Curve Curve Extending learnings to E. Myrmidon MBOE 100 50 0 0 30 60 90 120 150 180 Producing Days 15
Marathon Oil Corp
September,07 2016
    
Fort Berthold Well Results High Intensity Completions Delivering Strong Well Performance 350,000 900 MBO Type Curve 2014-2016 completions (42 wells) Stages: 36-42 1200 MBO Type Curve Proppant: White sand 300,000 Proppant volume: 1,000 lbs/ft Increasing intensity 250,000 Cumulative barrels of oil 200,000 2013 completions (20 wells) Stages: 28-40 Proppant: Ceramic, White sand Proppant volume: 300-1,000 lbs/ft 150,000 2012 completions (23 wells) Stages: 23-29 Proppant: Ceramic 100,000 Proppant volume: 300 lbs/ft 50,000 0 0 50 100 150 200 250 300 350 400 450 Days(1) 1) Normalized producing days, excluding downtime 12
Enerplus Corp
September,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 : September 30, 2016


Drilling Trends from May 4, 2011 - September 30, 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)