Economics : Type Curve

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Bakken Delivering Record Wells in 1Q 2018 Production Volumes and Wells to Sales Production averaged 74 net MBOED, up 80 30 7% from 4Q 2017 Operated Wells to Sales 60 11 gross operated wells to sales 20 MBOED 40 Hector success expanding the core 10 20 Six wells reached IP 30 rates averaging 0 0 2,600 BOED (81% oil) 2Q 2017 3Q 2017 4Q 2017 1Q 2018 Production Gross Wells Net WI Wells Arkin well sets new basin Three Forks record with IP 30 oil rate of 3,040 BOPD Well Performance History 250 2017 Continued outperformance in West Avg. Cum Production (MBOE) Myrmidon 200 2016 2 record Williston Basin wells from June 150 and Chauncey at 3,470 BOPD avg. IP30 100 2018 2015 10,875 BOED and 7,570 BOED IP24s from 50 the Mark and Wilbur wells 0 0 30 60 90 120 150 180 Testing Elk Creek and Ajax in 2018 Includes MRO operated wells across Bakken & Three Forks formations. 2018 excludes one well with mechanical issues 8
Marathon Oil Corp
June 2018

Mallow Highlights Southern Hidden Bench Quality Hidden Bench Enhanced Completions 300,000 250,000 Barrel of Oil Equivalent 200,000 150,000 100,000 50,000 0 0 50 100 150 200 250 300 350 400 Days Hidden Bench Enhanced Completions(1) 1,000 MBOE Type Curve Mallow 34-8H (1) Data set includes 27 wells completed since January 2015. NYSE: WLL 9
Whiting Petroleum Corp.
June 2018

Middle Bakken North Fork Economics Middle Bakken: Type Curve Assumptions Middle Bakken: ROR vs WTI Abraxas EOY17 Assumptions 845 MBOE gross type curve 76% Oil Initial rate: 1120 boepd di: 98.5% dm: 8.0% b-factor: 1.5 Assumed CWC: 7.0 million NORMALIZED AVERAGE PRODUCTION BY WELL GROUP NORTH FORK FIELD - MIDDLE BAKKEN ONLY GEN 1 COMPLETIONS; GEN 2 COMPLETIONS; GEN 3 COMPLETIONS; LINE = EOY16 TYPE 1,400 1,200 1,000 BOEPD 800 600 400 200 0 0 20 40 60 80 100 120 140 160 180 DAYS
Abraxas Petroleum Corp.
June 2018

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