Key Basins Driving Oil Produc+on Growth Texas and North Dakota Crude Oil Production 4,000 Texas Field Production of Crude Oil North Dakota Field Production of C rude Oil 3,500 3,000 2,500 Permian MBOPD 2,000 and…
Rig Count and Oil Prices As of 5/29/15, the U.S. Rig Count is 50% lower than the previous low set in Q3 2010 2,400 200 2,112 2,130 2,075 2,091 2,094 2,086 160 2,019 1,984 1,997 2,000 1,911 1,879 1,875 1,858 1,855 1,846…
6 500 1,500 0 2,000 1,000 1/6/2006 3/17/2006 5/26/2006 8/4/2006 10/13/2006 12/22/2006 3/2/2007 Total 5/11/2007 7/20/2007 9/28/2007 Oil R ig Count Gas Rig Count 12/7/2007 2/15/2008 4/25/2008…
Interna+onal Factors OPEC Recent Mee+ng- Friday, 5th June 2015 OPEC projects that world oil demand will increase in the second half of 2015 and in 2016, whereas non-OPEC supply growth in 2015 is expected to be just below…
Worldwide Rig Count Global Rig Counts are down 26% since 2010 as of 5/29/2015 2010 2011 2012 2013 2014 2015 U.S. 1,541 1,875 1,767 1,751 1,920 892 Canada 351 423 389 282 422 111 Total&U.S.&&&Canada 1,892 2,298 2,156 2,033…
Asset Overview A Premier Eastern DJ Basin Pure Play Company ASSET OVERVIEW ASSET MAP Highly concentrated posi;on of 186,000 net acres in the core of the emerging oil-rich Arikaree Eastern DJ basin Creek Field Majority of…
Strong Growth Poten+al A Premier Eastern DJ Basin Pure Play Company ASSET OVERVIEW STRUCTURAL TREND Extensive running room for further discoveries on the structural trend The Company controls majority of acreage on poten+al…
Preliminary View of Seismic - JDAs Monarch and El Dorado JDAs We ini+ally saw 6-7 poten+al pop up features on structure in Monarch based on regional 2D Early 3D results indicate as many as 9 such features with poten+ally 30-50…
Great Plains Field A Poten+al Analogue Great Plains Field east of Limon has been in opera+on since 2007 The eld, which is largely developed, has 35 Pennsylvanian wells (primarily Cherokee forma+on) and 6 Mississippian…
Drilling Economics Spergen is the Priority 15
Mississippian Ver+cal Well Economics A Premier Eastern DJ Basin Pure Play Company Assump;ons Type Curve WI/NRI 100% / 82% Bbls/d Type Curve Ini+al Produc+on (Bbls/d) 250 Well Spacing 40 acres/well 1,000 % Oil 100% Depth…
Derisking Process Nighthawk has progressed from use of regional 2D to the point where now we have over 162 square miles of 3D on structure covering over 35 miles We have iden+ed approximately 60-70 poten+al Spergen drilling…
Derisking Process USE OF ADDITIONAL SCIENCE We are now high grading the selec+on of loca+ons to drill rst based on a seismic inversion analysis and reservoir modeling Determine seismically constrained reservoir proper+es…
Arikaree Creek Waterood Opportunity Reservoir Model es+mates that there is a total of 12-15 million barrels of oil in place in the deeper zones in Arikaree Creek Es+mates of recoverable oil could be as high as 25% recovery factor…
Waterood Graphic 20
Waterood Graphic 21
Infrastructure And Marke+ng A Premier Eastern DJ Basin Pure Play Company Marke;ng and Midstream Asset Overview Arikaree Creek Field Opera;ons Map n Oil is gathered into 11 tank baoeries with mul+ple wells grouped by common…
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