Monday, February 13, 2012

New Oasis Presentation -- The Bakken, North Dakota, USA

Link here.

Snapshot of most Bakken companies here.

Oasis

  • 307,430 (4Q11 earnings call)
  • 303,231 (3Q11) (ND and Montana Bakken acreage)
  • (10,000 acres acquired in late 2010, Elm Coulee, Richland County, Montana)
  • Analyst's figure: 292,000 net acres (December 31, 2010)
  • 9 rigs; 12 in 2012; 
  • West Williston: 191,716 net acres (up slightly from 191,552, last report)
  • East Nesson: 102,786 net acres
  • Sanish: 8,729 net acres
  • Prospects: Red Bank (north of Williston), Indian Hills (south of Williston, other side of river, deepest of the formation), Mondak (southwest of Williston, straddles Williams County and McKenzie County; Hebron (Montana, directly west of Williston, Richland County, Montana); Target (Montana, northwest of Williston, west of the Red Bank prospect)
  • Nine rigs as of October, 2011 (seven in September, 2011)
  • 4Q12 (est): 22,000 boepd (Feb 3, 2012 presentation)
  • 4Q11: 10,724 boepd
  • 3Q11: 14,300 boepd (was that a typo?)
  • 4Q10: 5,206 boepd
  • Proved reserves increase 98%, 4Q11 vs 4Q10 
Note: production will have quadrupled in two years if Oasis meets 2012 estimates.

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