Initial Production Data For Two Oasis Joplin Wells Coming Off Confidential List Today -- July 1, 2020

The wells:

• 35728, SI/A, Oasis, Joplin 5397 41-32 2B, API: 33-053-08826, Banks, t--; cum 176K after four months; 50K month; fracked: 10/10/2019 - 10/21/2019; 14.45 million gallons of water; 92.05% water by mass; friction reducer, 0.03942;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2020	30	42298	42300	21795	92780	91840	864
BAKKEN	3-2020	31	50020	49990	26566	109235	107781	1377
BAKKEN	2-2020	29	45534	45686	26189	105598	104000	1526
BAKKEN	1-2020	31	37855	37702	22556	94303	91639	2509

• 35727, SI/A, Oasis, Joplin 5397 41-32 3T, API: 33-053-08825, Banks, t--; cum 121K after four months; fracked: 10/10/2019 - 10/21/2019; 11.9 million gallons of water; 94.5% water by mass; friction reducer, 0.04299;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2020	30	27564	27570	21328	91256	90331	850
BAKKEN	3-2020	31	37121	37098	30232	111518	110035	1405
BAKKEN	2-2020	29	31046	31149	29888	75167	74010	1084
BAKKEN	1-2020	31	25615	25519	41666	78083	75851	2077

From the file reports.

35728, Oasis, Joplin 5397 41-32 2B:

• 17 miles northeast of Watford City; 
• second of two wells on this pad
• target: middle Bakken
• big rig: re-entered May 17, 2019
• vertical drilled to 10,580'
• KOP landed at 11,432', approx 12' below the base of the lower Bakken shale
• formations:
• upper Bakken shale (Mississipppian): entered at 11,102' TVD
• middle Bakken (Mississippian-Devonian): entered at 11,019' TVD (sic)
• target zone was 18' thick zone, beginning 11' below the base of the upper Bakken shale and extending to 11' above the lower Bakken shale;
• lateral was drilled with three separate BHAs, reaching TD of 22,560' MD on May 28th, 2019
• lateral drilled in five days; exposed 11,148' of uncased hole, entirely within the middle Bakken
• background gas throughout the later: 300. - 3,500 units; averaging around 2,000 units
• 5 - 12' trip flare noted;

35727, Oasis, Joplin 5397 41-32 3T:

• first of two wells on this pad
• target: Three Forks, 1st bench
• big rig: re-entered on April 29, 2019
• vertical hole drilled to depth of 5,971' (sic) 
• the 819' curve (from KOP to curve total depth) was drilled in 11.25 hours using a single BHA
• curve was successfully landed at 11,489' MD, approximately 32' below the Pronghorn
• the lateral was drilled using two separate BHAs
• reached TD of 22,465' on May 12, 2019
• formations:
• upper Bakken shale (Mississipppian): entered at 11,101' TVD
• middle Bakken (Mississippian-Devonian): entered at 11,020 TVD (sic)
• lower Bakken (Devonian): entered at 11,064' TVD
• Pronghorn (Devonian): entered at 11,090' TVD; light to medium brown oil staining; looks to be about four feet thick;
• Three Forks, 1st bench (Devonian): entered at 11,094' TVD; tan to light brown dolomire and light blue to pale gray shale; the shale was soft to friable, earthy in texture, and contained variable amounts of disseminated pyrite; visible intercrystalline porosity and light brown spotty oil staining;
• target: a 20' thick zone, beginning 12' below the base of the Pronghorn and extending to 8' above the claystone
• background gas throughout the lateral ranged from 250 - 3,000 units, averaging around 1,600 units;
• gas connections ranged from 200 units to over 6,100 units; a 5 - 12' trip flare observed
• the lateral portion was drilled in a total of four days; exposed 10,996' of uncased hole; entirely within the Devonian Three Forks 1st bench

So, again, the drilling times in the Bakken, the goal/standard, big rig:

• completing the vertical in one to two days (24 to 36 hours)
• completing the curve in twelve hours, up to 18 hours
• completing a two-section lateral in as little as four days, generally less than six day, with exceptions