Five New Permits; One Producing Well Completed -- February 21, 2018

Active rigs:

$61.68↓	2/21/2018	02/21/2017	02/21/2016	02/21/2015	02/21/2014
Active Rigs	55	42	38	127	182

Five new permits:

• Operators: Newfield (3), Petro-Hunt (2)
• Fields: South Tobacco Garden (McKenzie); Charlson (McKenzie)
• Comments:

One permit renewed: an Oasis permit for a McCauley well in Williams County

Two permits canceled:

• Whiting: two P Earl Rennerfeldt permits in Williams County

One producing well completed:

• 32279, 2 (no typo), XTO, FBIR Blackmedicine 24X-21G, Heart Butte; API - 33-025-03068; t10/17; cum -- ; my hunch: more data to follow; from the geologist's report: Three Forks well; expands the existing Heart Butte field; background gas not remarkable, fluctuating between 50 and 700 units; however, the highest gas value recorded was 2,520 units at 15,781 feet; the ideal target zone was defined as an 18-foot interval, initially set at 10,088 feet TVD, 20 feet below the base of the Pronghorn formation. FracFocus shows the well was fracked 2/2417 - 3/21/17: total water, 8.8 million gallons; water, 86.8590% by mass; proppant, 11.24325% by mass;

• 8.35 lbs x 8.8 million gallons = 73.48 million lbs
• 0.868590 of x = 73.48 million lbs; therefore, total mass: 84.5969 million lbs
• 11.24325% of 84.5969 million lbs = 9.5 million lbs of sand

• there are twelve wells on this pad; the oldest one is #20600 (see below)
• the other eleven wells have permits with the numbers #32XXX
• 20600, 1,831, XTO, FBIR Blackmedicine 24X-21B, Heart Butte, 30 stages; 3.1 million lbs, t6/12; cum 279K 12/17; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2017	22	8169	7371	12287	4280	289	3829
BAKKEN	11-2017	8	1340	1530	3870	688	107	566
BAKKEN	10-2017	31	9071	9266	13613	5310	1826	3409
BAKKEN	9-2017	30	5755	5734	5749	4283	664	3577
BAKKEN	8-2017	15	3698	3286	1024	2534	1484	1010
BAKKEN	7-2017	0	0	0	0	0	0	0
BAKKEN	6-2017	0	0	0	0	0	0	0
BAKKEN	5-2017	0	0	0	0	0	0	0

The well has been off-line since 1/16 (until 8/17). The months leading up to 1/16:

BAKKEN	1-2016	0	0	0	0	0	0	0
BAKKEN	12-2015	15	1852	2077	1137	1083	199	701
BAKKEN	11-2015	30	3945	3924	1880	2457	1968	116
BAKKEN	10-2015	31	4240	4252	2050	2690	2278	12
BAKKEN	9-2015	30	4142	4237	1998	2511	2126	100
BAKKEN	8-2015	31	4350	4213	2189	2674	2329	52
BAKKEN	7-2015	31	4431	4405	2281	2647	2255	100
BAKKEN	6-2015	30	4541	4581	2262	2610	2300	18
BAKKEN	5-2015	31	4935	5224	2507	2693	2365	26
BAKKEN	4-2015	30	4871	4775	2437	2527	2235	0
BAKKEN	3-2015	31	4918	4915	2480	2562	2158	11
BAKKEN	2-2015	28	4461	4581	2253	2475	1805	316

Initial production and first nine months:

BAKKEN	1-2013	31	8113	7966	3575	11636	3274	8300
BAKKEN	12-2012	31	9013	9235	3906	6651	5309	1280
BAKKEN	11-2012	24	10482	10287	4480	13174	0	13127
BAKKEN	10-2012	22	5971	6218	1790	6253	779	5413
BAKKEN	9-2012	30	9458	9744	3850	3954	3044	850
BAKKEN	8-2012	26	13486	13316	5936	5176	5176	0
BAKKEN	7-2012	31	14304	21199	7831	16442	343	16099
BAKKEN	6-2012	30	7463	0	12349	9330	0	9330
BAKKEN	5-2012	0	0	0	0	0	0	0