Some Random Statistics From The Williston Basin, August, 2012; Natural Gas Infrastructure Estimate at $8 Billion

There are over 7,300 active wells in North Dakota. As of June, 2012, the state was producing about 660,000 bopd.

There are 190 active rigs in North Dakota (down from a record of 218; up from recent low of 189)

The state has issued 1,464 oil, gas, and salt water disposal permits so far this year. That puts "us" on track for 2,236 new permits for calendar year 2012, a record for the current Bakken boom.

There are 1,872 wells on the confidential list today; that does not include those which came off the list today. The list includes about 35 salt water disposal wells.

In 2011, the natural gas infrastructure necessary to support the Bakken was estimated to be about $4 billion (10 natural gas processing plants, infrastructure to support those plants); in 2012, the estimate had risen to $8 billion (about 20 natural gas processing plants); the Bakken is an oil field, not a natural gas field.

On the confidential list, by selected operator:

• BEXP: 158
• Burlington Resources: 82
• CLR: 243
• Denbury: 45
• Enerplus: 72
• EOG: 35
• Fidelity: 16
• G3: 20
• Helis: 12
• Hess: 186
• Hunt Oil: 23
• KOG: 77
• Marathon: 75
• Newfield: 32
• Oasis: 38
• OXY: 34
• Petro--Hunt, LLC: 126
• QEP: 32
• Samson Resources: 53
• Slawson: 50
• SM Energy: 30
• Triangle: 15
• Whiting: 79
• WPX: 71
• XTO: 56
• Zavanna: 20
• Zenergy: 33

Looking at the list may provide some clue why KOG seems to command a better share price than Oasis.

With 243/1,872, CLR has about 13% of the wells on the confidential list.

Petro-Hunt, LLC, is very, very active.

EOG has certainly dropped down the list in terms of active program in the Williston Basin.