Triangle Petroleum Schematic for Multi-Pad Drilling in the Bakken, North Dakota, USA

• Two 1280-acre units side-by-side
• One 4-well pad in each 1280-acre unit
• Four long laterals running north from each pad (a total of 8 long laterals)
• Alternating "middle Bakken" with "Three Forks" long lateral
• Terminal separation: 1,230 feet between laterals in same formation
• Source: Triangle Petroleum, corporate presentation, January, 2012

Corresponds with what others are doing

Confirms that fracking is effective about 500 feet radially; 1,000 feet diameter

Triangle states: it has a lack of near-term lease expirations

Zipper frac

Multi-pad drilling: saves about $25,000/rig move (~ $225,000/8 wells)