Comment And Commentary On Wells Coming Off Confidential List This Next Week -- March 20, 2022

Re-posting the production data for wells coming off the confidential list this next week with comments and commentary. These observations are snapshots in time and do not reflect the future.

• most important observation: we're starting to see production data for wells coming off the confidential list; up until now, upwards of 90% of wells coming off the confidential list were DUCs; only CLR was consistently completing wells by the time they were coming off confidential list
• having said that CLR was unable to complete the four Brooklyn wells coming off the confidential list this week, suggesting a frack-spread problem (which is not news)
• CLR has typically had mediocre wells in the Bakken; nice wells but nothing about which to write home; that seems to be changing; look at the initial production data in their Long Creek Unit; and remember, CLR has 64 locations in the Long Creek Unit which it is methodically drilling out with one or two rigs;
• Hess has really upped their game; in the early days of the Bakken, Hess had less-than-remarkable wells, but lately, the past year or so, the Hess wells were greatly improved, and this does not appear to be related to location
• Petroshale is getting active: unless we see better numbers when these wells come off confidential list, these Bear Den wells that will be reported next week are disappointing; we'll need to see the frack data
• the MRO well in Werner oil field was a disappointment as was the Enerplus well in Heart Butte.

The wells:

• 38295, conf,  CLR, Rolf Federal 11-17HSL, Brooklyn, no production data,
• 37711, conf, Hess, EN-Johnson A-155-94-2932H-9, Alkali Creek,

Date	Oil Runs	MCF Sold
1-2022	17130	35459
12-2021	22809	33021
11-2021	38421	58066
10-2021	50530	50721
9-2021	6540	8625

• 36893, conf, Petroshale, Crockett Federal 1TFH, Bear Den,
  

Date	Oil Runs	MCF Sold
1-2022	12552	0

• 38296, conf, CLR, Rolf Federal 10-17H1, Brooklyn, no production data, 
• 37706, conf, Hess, EN-Johnson-155-94-2017H-8, Manitou,
  

Date	Oil Runs	MCF Sold
1-2022	11147	15772
12-2021	13201	20248
11-2021	17028	32836
10-2021	30758	52509
9-2021	3807	12984

• 36894, conf, Petroshale, Boone Federal 1MBH, Bear Den,

Date	Oil Runs	MCF Sold
1-2022	5472	0
12-2021	1664	0

• 36889, conf, Petroshale, Clark Federal 2TFH, Bear Den,
  

Date	Oil Runs	MCF Sold
1-2022	6741	0
12-2021	4282	0

• 38297, conf, CLR, Rolf Federal 9-17H, Brooklyn, no production data, 
• 36890, conf, Petroshale, Lewis Federal 2MBH, Bear Den,
  

Date	Oil Runs	MCF Sold
1-2022	4546	0
12-2021	4205	0

• 38298, conf, CLR, Rolf Federal 8-17H1, Brooklyn, no production data, 
• 38299, conf, CLR, Rolf Federal 7-17H, Brooklyn, no production data,
  
•  38213, conf, MRO, Katherine Schettler USA 34-22H, Werner,

Date	Oil Runs	MCF Sold
1-2022	9373	4997
12-2021	10635	4272
11-2021	13436	6174
10-2021	16189	6860
9-2021	10010	2883

• 37710, conf, Hess, EN-Johnson A-155-94-2932H-8, Alkali Creek,
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2022	31	16990	16998	17634	24567	22885	1682
BAKKEN	12-2021	27	17140	17157	20111	23600	22390	1210
BAKKEN	11-2021	30	24000	24040	28413	32585	31284	1301
BAKKEN	10-2021	31	43677	43696	65461	36411	35294	1117
BAKKEN	9-2021	18	13773	13646	18333	23783	22805	978

• 36865, conf, CLR, LCU Truman 10-23H1, Long Creek,
  

Date	Oil Runs	MCF Sold
1-2022	51040	76756
12-2021	26777	42919
9-2021	308	0

• 36867, conf, CLR, LCU Truman 11-23H, Long Creek,
  

Date	Oil Runs	MCF Sold
1-2022	43444	65296
12-2021	27299	37341
9-2021	226	0

• 34068, conf, Enerplus, Spider 149-92-23D-29H-TF1, Heart Butte,
  

Date	Oil Runs	MCF Sold
1-2022	6273	3229
12-2021	7103	3657
11-2021	14433	8769
10-2021	15794	9884
9-2021	4104	2330