Slides 13 - 17, The Lower Three Forks; CLR, Investor And Analyst Day, September, 2014

CLR, Investor and Analyst Day, September, 2014
Middle Bakken, TF1, and Lower TF (TF2, TF3, TF4)

Slides 13 - 17

Slide 13: middle Bakken and TF1

• 2003: 0 Bakken wells; 0 TF wells
• 2014: 6,808 Bakken wells; 2,495 TF wells
• OOIP and type curve EUR models support up to 8 wells per zone

Slide 14: lower Three Forks (LTF) -- TF2, TF3, TF4

• 73 wells completed in LTF to date; 59% are CLR-operated
• as of September, 2014: TF2 - 53 wells; TF3 - 18 wells; TF4 - 2 wells

• Slide 15: 603K boe model for LTF
• in the sweet spot of the Bakken; along with the middle Bakken
• all of Williams County, northeast McKenzie, west Mountrail, northwest Dunn

Slide 16: defining the LTF fairways -- graphic
Slide 17: current Bakken Petroleum System

• inner area: Watford City, Stockyard Creek area: MB, TF1, TF2, TF3; maximum overpressure + structure
• near inner area: Williams County, sliver of McKenzie; much unexplored northwest Dunn: MB, TF1, TF2; maximum overpressure
• outer fairway of North Dakota:  all of Divide County, extends into eastern Montana, all of McKenzie, all of Dunn; transitional area
• eastern Montana fairway: current Montana play; MB or TF1; more normally pressured area