Tuesday, April 7, 2015 -- Eight Wells Coming Off Confidential List Wednesday; Sixteen Producing Wells Completed -- Chipping Away At 850 Wells That Need To Be Fracked

This is April 7, 2015. The slump in crude prices began in October, 2014. October, 2014, plus six months = March/April, 2015. The number of permits did not start to decrease until early 2015, let's say March, 2015. March, 2015 plus six months = July/August: that's when we should start seeing a decrease in wells coming off the confidential list. It will happen before that, gradually, but by July/August it may become noticeable. With eight (8) wells coming off the confidential list tomorrow, the slowdown in production is not yet noticeable, using that data. It is noticeable in the field and in the daily rig count.

Active rigs:

	4/7/2015	04/07/2014	04/07/2013	04/07/2012	04/07/2011
Active Rigs	93	194	187	208	171

Six (6) new permits:

• Operators: Whiting (4), EOG (2)
• Fields: East Fork (Williams), Parshall (Mountrail)
• Comments: how good is the Bakken? Incredibly good. The Parshall oil field did not make the list of the top 100 oil fields in the United States. The Parshall oil field will make the list before it's all over.

Sixteen (16) producing wells completed (in long lists like this, there may be typographical errors):

• 27959, 52, Cornerstone, Tafelmeyer MA-342706490, Customs, a Midale/Nesson well t2/15; cum 3K 2/15;
• 28179, 1,356, Hess, HA-Rolfsrud-152-96-1720H-3, Westberg, t3/15; cum --
• 28254, 1,410, Emerald, Excalibur 6-25-36H, Boxcar Butte, t3/15; cum --
• 28485, 1,506, Hess, HA-Dahl-152-95-0706H-6, Hawkeye, t3/15; cum --
• 28719, 553, Hess, EN-Neset-156-94-0706H-5, Big Butte, t3/15; cum --
• 28741, 1,958, XTO, Johnson 24X-31A, Siverston, t3/15; cum --
• 28742, 1,335, XTO, Johnson 24X-31E, Siverston, t3/15; cum --
• 28743, 1,581, XTO, Johnson 24X-31F, Siverston, t3/15; cum --
• 28887, 1,747, XTO, Johnson 224X-31EXH, Siverston, 4 sections, t3/15 cum --
• 28939, 1,172, XTO, Allen 21X-17A, Dollar Joe, 4 sections, t3/15; cum --
• 28940, 1,280, XTO, Allen 21X-17A, Dollar Joe, 4 sections, t3/15; cum --
• 28941, 1,245, XTO, Allen 21X-17B, Dollar Joe, t3/15; cum --
• 28942, 605, XTO, Allen 21X-17F, Dollar Joe, t3/15; cum --
• 29366, 963, CLR, Rader 3-24H, Avoca, t3/15; cum --
• 29367, 651, CLR, Rader 3-24H1, Avoca, t3/15; cum --
• 30119, 2,285, Whiting, Shirley Moen 44-34-3H, Arnegard, t3/15; cum --

Five (5) permits canceled:

• a Whiting Asbeck well in McKenzie County
• four Emerald Mary Samsonite permits in Billings County

Wells coming off the confidential list Wednesday:

• 25247, 531, Oasis, Mabel Federal 5201 41-12T, Camp, t11/14; cum 72K 2/15;
• 26838, 802, WPX, Wolf Chief 27-34HZ, Mandaree, t2/15; cum 7K 2/15;
• 28030, drl, Oasis, Twobins 5501 13-29 2T, Missouri Ridge, no production data,
• 28061, 961, Oasis, Helling Trust Federal 5494 43-22 16T3, Alkali Creek, t2/15; cum 15K 2/15;
• 28063, drl, Oasis, Helling Trust Federal 5494 43-22 13T2, Alkali Creek, no production data,
• 28127, 787, Oasis, McCauley 5501 13-3 7T2, Tyrone, t2/15; cum 10K 2/15;
• 29321, drl, Statoil, East Fork 32-29 6TFH, East Fork, no production data,
• 29485, drl, Statoil, Bures 20-29 6TFH, Alger, no production data,

***********************************

25247, see below, Oasis, Mabel Federal 5201 41-12T, Camp:

Date	Oil Runs	MCF Sold
2-2015	12193	12301
1-2015	10330	9292
12-2014	24798	23780
11-2014	24091	10395