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600 East Boulevard Ave. - Dept 405 Bismarck, ND 58505-0840 (701) 328-8020 (701) 328-8000

North Dakota Department of Mineral Resources. http://www.oilgas.nd.gov. http://www.state.nd.us/ndgs. 600 East Boulevard Ave. - Dept 405 Bismarck, ND 58505-0840 (701) 328-8020 (701) 328-8000. Will take 10,000 – 20,000 to fully develop the Bakken – Three Forks.

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600 East Boulevard Ave. - Dept 405 Bismarck, ND 58505-0840 (701) 328-8020 (701) 328-8000

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  1. North Dakota Department of Mineral Resources http://www.oilgas.nd.gov http://www.state.nd.us/ndgs 600 East Boulevard Ave. - Dept 405Bismarck, ND 58505-0840(701) 328-8020 (701) 328-8000

  2. Will take 10,000 – 20,000 to fully develop the Bakken – Three Forks Year well cost oil price IP stages 2010 725+ 15-28+ 2009 $5,651,771 $60 654 10-20 2008 $5,413,471 $81 576 6-10 2007 $4,386,927 $54 326 2-6 2006 $4,089,715 $52 195 1-2

  3. Pad Drilling

  4. Methodology • Met with 12 most active Bakken / Three Forks operators • 2010  drilling plans • Reviewed completion reports • Spud to spud time 25  20 days • Water use 1.5 million – 4.0 million gal / well • Drilling year round, fracturing 8 months / year • Compared drilling, spacing, potential area • Reality check on wells / year and duration

  5. Ray - Tioga Area

  6. Ray-Tioga Area • 430 to 540 wells per year • 3.5 million – 4.5 million gallons fracturing water per day May through December • 11 to 14 years

  7. Williston Area

  8. Williston Area • 70 to 90 wells per year • 0.9 million – 1.1 million gallons fracturing water per year May through December • 8 to 20 years

  9. Alexander Area

  10. Alexander Area • 120 to 150 wells per year • 1.4 million – 1.8 million gallons fracturing water per day May through December • 12 to 15 years

  11. Watford City - Keene Area

  12. Watford City - Keene Area • 250 to 310 wells per year • 2.0 million – 2.6 million gallons fracturing water per day May through December • 5 to 7 years

  13. Killdeer Area

  14. Killdeer Area • 235 to 290 wells per year • 1.0 million – 1.2 million gallons fracturing water per day May through December • 6 to 8 years

  15. Parshall Area

  16. Parshall Area • 375 to 470 wells per year • 1.5 million – 2.0 million gallons fracturing water per day May through December • 7 to 8 years

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