Petroshale With Three New Permits In Bear Den -- December 8, 2020

Active rigs:

$45.60	12/8/2020	12/08/2019	12/08/2018	12/08/2017	12/08/2016
Active Rigs	16	55	64	53	40

Three new permits, #38013 - #38015, inclusive:

• Operator: Petroshale
• Field: Bear Bear
• Comments:
• Petroshale has permits for three new wells in Bear Den, in NWNW 30-149-95; all 560 FNL and between 560 and 620 FNL; see diagram below how active this area already is;
  
• 38013, Petroshale, Thompson Federal 4TFH, Bear Den, NWNW 30-149-95, 620 FNL 560 FWL;
• 38014, Petroshale, La Verendrye Federal 4MBH, Bear Den, NWNW 30-149-95, 590 FNL 560 FWL;
• 38015, Petroshale, Sacagawea Federal 1TF2H, Bear Den, NWNW 30-149-95, 560 FNL 560 FWL;

One permit reinstated:

• 34236, Oasis, Borden Federal 5300 34-36 8T,

Two permits renewed:

• EOG: a Clarks Creek permit in McKenzie County;
• XTO: a GBU Janice permit in Williams County;

Petroshale resurveyed five locations in NWNW 30-149-95;

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Petroshale: Locations For Future Wells
In NWNW 30-149-95

Five wells in immediate area:

• 36903, drl/NC, Petroshale, Hickok Federal 1MBH, Bear Den,
• 16446, PA/97, SM Energy, Bear Den Federal 4-30H, Bear Den, t3/07; cum 124K 6/16;
• 36904, loc/NC, Petroshale, Bridger Federal 1TFH, Bear Den,

• 17662, 903, Petroshale, Bear Den Federal 4Y-30H, Bear Den, t1/10; cum 325K 10/20;
• 18248, 644, Petroshale, Bear Den Federal 4Z-30H, Bear Den, t1/10; cum 230K 7/20; remains off line 10/20;

Farther to the east, these older wells:

• 19049, 1,099, Petroshale, Jorgenson Federal 1X-30H, Bear Den, t1/11; cum 446K 10/20;
• 18579, 2,006, Petroshale, Jorgenson Federal 1-30H, Bear Den, t12/10; cum 587K 7/20; remains off line 10/20; has had modest jumps in production over the years suggesting the Bear Den may work for the halo effect;