Twenty New Permits WIth Some Large Mega-Pads Being Proposed -- February 8, 2019

Active rigs:

$52.72	2/8/2019	02/08/2018	02/08/2017	02/08/2016	02/08/2015
Active Rigs	63	57	37	42	136

Twenty new permits:

• Operators: CLR (11), Enerplus (9)
• Fields: Haystack Butte, Moccasin Creek
• Comments: 
• CLR has permits for an 11-well Gordon Federal pad in Haystack Butte in section 8-148-97 (see graphic below); 
• Enerplus has permits for a 9-well "mineral/rock" pad Moccasin Creek in section 16-147-93 (see graphic below):

Eight producing wells (DUCs) reported as completed:

• 32761, 2,023, Rimrock Oil & Gas, Two Shields Butte 13-21-33-13H, Heart Butte, t12/18; cum 37K 12/18 (24 days); neighboring wells with huge jump in production;
• 32693, 3,033, Rimrock Oil & Gas, Two Shields Butte 13-21016-3H3, Heart Butte, t12/18; cum 48K 12/18; (26 days); neighboring wells with huge jump in production;
• 32762, 1,103, Rimrock Oil & Gas, Two Shields Butte 13-21-33-13H3A, Heart Butte, t12/18; cum 18K 12/18; (22 days); neighboring wells with huge jump in production;
• 32692, 1,716, Rimrock Oil & Gas, Two Shields Butte 13-21-16-3H, Heart Butte, t12/18; cum 32K 12/18; (26 days); neighboring wells with huge jump in production;
• 33373, 1,936, EOG, Liberty 44-1311H, Parshall, t818; cum 132K 12/18; (less than 5 months)
• 33374, 2,011, EOG, Liberty 45-1311H, Parshall, t8/18; cum 114K 12/18; (less than 5 months)
• 34271, 1,822, EOG, Liberty 114-1311H, Parshall, t8/18; cum 134K 12/18; (less than 5 months)
• 31882, n/d, Whiting, Hecker 11-18PHU, Bell, t--; cum 21K 12/18; (45 days) (#23419)

The graphics:

Proposed location for CLR's Gordon Federal pad -- 

Meanwhile, the proposed location for Enerplus' "mineral/rock" 9-well pad in NWNW 16-147-93. This will be a mix of middle Bakken and first bench Three Forks wells, half running north, and half running south.

Two producing wells of interest in this area:

• 18627, 746, Enerplus, Henry Bad Gun 9C-4-1H, t4/12; cum 269K 12/18; nice jump in production when it came back on line in 9/18;

• 18790, 1,773, Enerplus, Henry Bad Gun 16B-21-1H, t10/10; cum 464K 12/18; a steady Eddy we;; no jump in production; typical Bakken well with steep decline in the beginning and then plateau at 1,500 bbls/month (12/18)