20 slides.
Inventory:
- 485,000 net acres (vs 506K 1Q14)
- 91% held by production
- 97% operated
- 607 remaining locations; economic at current prices
- Bakken + TFS1 = 13 years of remaining inventory
- Wild Basin (east of Indian Hills
- Indian Hills
- Alger
Fairway
Production
- basically flat for 6 consecutive quarters, aove 50 Mboepd
- 1Q16: 50.3 Mboepd
CWC: $6.5 million; down from $10.6 million in 2014; eyeing another 5 - 10% reduction in CWC
Orderly drop in number of active rigs:
- 4Q14: 16
- 1Q15: 5
- 4Q15: 3
- 1Q16: 2 (and holding)
2014: 22 days
1Q15: 22 days
4Q15: 17 days
1Q16: 16 days
EUR:
- Bakken: 1.05 million boe
- TFS: 875,000 boe
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