Williston Exploration Reports Results Of A Heath Well; XTO Reports A Gusher; Oasis, MRO Each With A "High IP" Well; Fifteen (15) New Permits -- The Williston Basin, North Dakota, USA

Active rigs:

	2/28/2014	02/28/2013	02/28/2012	02/28/2011	02/28/2010
Active Rigs	192	183	205	169	96

Fifteen (15) new permits --

• Operators: XTO (5), QEP (5), Enduro (3), Oasis (2)
• Fields: Haystack Butte (Dunn), Newburg (Bottineau), Grail (McKenzie), Tyrone (Williams), Murphy Creek (Dunn)
• Comments:

Wells coming off the confidential list today were posted earlier; see sidebar at the right.

Twelve (12) producing wells completed:

• 24146, 2,911, Oasis, Power Federal 5300 14-15B, Willow Creek, t1/14; cum --
• 24922, 1,777, Emerald Oil, Caper 1-15-22H, Boxcar Butte, t6/13; cum 70K 12/13;
• 25007, 929, WPX, Olson 12-1HY, Van Hook, t1/14; cum 9K 12/13;
• 25347, 5, Williston Exploration, Rocky Ridge-Fritz 1, a Heath well; Rocky Ridge, t2/14; cum --
• 25545, 2,482, MRO, Rudolph USA 41-15TFH, Reunion Bay, t1/14; cum --
• 25550, 4,051, XTO, Marlene 42X-20D, Blue Buttes, t1/14; cum --
• 25902, 109, Bakken Hunter, Ambrose, t10/13; cum 7K 12/13;
• 25932, 277, Whiting, Sanish, t2/14; cum --
• 26230, 348, Triangle, Dwyer 150-101-35-26-2H, Rawson, t2/14; cum --
• 26340, 934, Whiting, Kannianen 43-31TFH, Sanish, t2/4; cum --
• 26435, 235, KOG, Wildrose 159-98-14-12-24-14H3, t1/14; cum --
• 26784, 1,199, Whiting, Smith 41-24H, Sanish, t2/14; cum --

Devon Energy plans to invest ~$1.1 bln in the Eagle Ford this year and will drill more than 200 wells: For its 10 months of ownership in the play this year, the company's net production is expected to average between 70,000 and 80,000 barrels of oil equivalent per day. With the majority of Devon's Eagle Ford acreage derisked, this opportunity provides low-risk, repeatable oil growth for years to come.

Chesapeake Energy confirms sale of Midstream compression assets; CHK notes minimal impact on 2014 cash flow guidance: CHK confirmed the execution of two agreements to sell midstream compression assets for total proceeds of approximately $520 million.