Some Data Points From CLR's Most Recent Presentation -- August, 2014; Current CLR Wells Averaging 603K-EUR; Newer Wells With Different Frack Completion Techniques Averaging Around 800K-EURSs

CLR presentations can be found at this link.

Some data points rounded; all information below pertains to the Williston Basin Bakken; the data from SCOOP is not included except in two early bullets.

Still the #1 producer in the Rockies

• Bakken: 1.2 million acres leased
• SCOOP: 460,000 acres leased

Production

• 168K boepd
• up 24% over 2013
• Bakken: 109K boepd
• SCOOP: 34K boepd

Proved reserves

• 1.2 billion boe
• up 31% yoy

Pilot Density Projects

• 1320 feet and 660 feet

1320-foot same-zone spacing density projects (16 wells in one 1280-acre unit)

• middle Bakken: 4
• TF1: 4
• TF2: 4
• TF3: 4
• Hawkinson, Tangsrud, Rollefstad

660-foot same-zone spacing density projects (32 wells in one 1280-acre unit)

• middle Bakken: 8
• TF1: 8
• TF2: 8
• TF3: 8
• Wahpeton, Lawrence, Mack, Hartman

Slide 8: Hawkinson Pilot -- all 14 wells trending on average 50% above CLR's 603,000 boe EUR model after 190 to 250 producing days

• standard frack design: 100,000 proppant per stage
• 30 total stages
• does not say if Slick Water used for these (I don't think so); SW used elsewhere with success
• validates full-field development
• demonstrates vast resource potential
• micro-seismic study

CLR makes micro-seismic history in the Hawkinson

• the Hawkinson density test is the most extensive down-hole micro-seismic study completed in the world
• most feet tractored on a single job: 59 miles
• 63-day, 24/7 operation
• 165 monitoring days
• longest laterals monitored/tractored: 21,120 feet

Large Proppant or Slick Water approaches studies

• large proppant volume: EURs trend 39% higher than CLR's average 
• large proppant volume: EURs trend 30% higher than neighboring wells
• slick water: EURs trend 35% higher than CLR's average
• slick water: EURs trend 25% higher than neighboring wells
• incremental costs of large proppant volume or slick water: $2 million

Strong liquidity -- slide #23 is interesting

• coming due, 2019, $0; credit facility of $1.75 billion
• callable, 2020: $200 million at 7.4%
• callable, 2021: $400 million at 7.1%
• callable, 2022: $2 billion at 5%
• callable, 2023: $1.5 billion at 4.5%
• callable, 2024: $1 billion at 3.8%

Realized price per bbl -- slide #24 is interesting

• 2009: $54
• 2010: $71
• 2011: $88
• 2012: 84
• 2013: $90
• 2Q14: $92
• 1H14: $$91

Total cash costs significantly less than realized price per bbl

• 2009: $14
• 2010: $16
• 2011: $18
• 2012: $17
• 2013: $19
• 2Q14: $19
• 1H14: $19

Recoverable (this slide is unchanged)

• OOI: 903 billion bbls (the slide: "903 BBo")
• at 3.5%: 32 billion bbls ("32 BBo recoverable at 3.5%)
• at 4%: 36 billion bbls
• at 5%: 45 billion bbls