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Saturday, February 12, 2011

How Long to Drill Out the Bakken/TF? >22 Years With 7 Rigs: Oasis Corporate Presentation - February, 2011

Link  here. At that site, select "Investors," and the select "Presentations" on the drop-down menu.

Net acreage
  • West Williston: 191,552 net acres. Includes Hebron Area in Montana
  • East Nesson: 102,790 net acres
  • Sanish: 8,889 net acres
Net wells: identified drilling locations
  • West Williston: 859 gross; 393 net
  • East Nesson: 255 gross; 128 net
  • Sanish: 1,303 gross; 537 net
Currently: 2,458 drilling locations identified
With a 7 rig program: over 22 years of drilling inventory
2011 Plans
  • 2011 CAPEX: six rigs in West Williston; one rig in East Nesson
  • Six rigs in WW will be one additional rig in this area; currently 5 rigs
  • $441 million 2011 CAPEX for drilling
  • Continue acquiring acreage
IPs: Oasis uses a 7-day average
  • West Williston: 567 - 708
  • East Nesson: 547 - 836 bbl
Hebron Operating Area: part of the West Williston Prospect; in Montana
  • North of Elm Coulee (Richland County)
  • Included in the West Williston prospect
  • Before 11/5/10: 17,300 net acres
  •  11/5/10: acquired 16,700 net acres; $3,000/acre, Roosevelt County, north
  • 12/10/10: acquired 10,000 net acres: $3,000/acre, Richland County, south
Pad Configuration: 2 x 1280-acre spacing unit
  • Three pads in line, centered
  • Each pad with two horizontals: one south, one north
  • Six horizontals in each 2 x 1280-acre unit
  • Three horizontals in each 1280-acre unit

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