| |
Operations Overview
|
| |
East Nesson |
| |
|
| |
Proved Reserves: |
| |
3.9 MMBoe (36% developed) |
| |
|
| |
Avg. Daily Production (4Q 2009): |
| |
1,016 Boe/d |
| |
|
| |
Net Acreage: |
| |
124,004 |
| |
|
| |
Identified Drilling Locations: |
| |
113 gross (57.0 net) |
| |
|
| |
2010 Drilling Capex Budget: |
| |
$47 million, 13 gross (7.4 net) wells |
| |
|
| |
West Williston |
| |
|
| |
Proved Reserves: |
| |
5.0 MMBoe (55% developed) |
| |
|
| |
Avg. Daily Production (4Q 2009): |
| |
1,016 Boe/d |
| |
|
| |
Net Acreage: |
| |
159,491 |
| |
|
| |
Identified Drilling Locations: |
| |
268 gross (106.5 net) |
| |
|
| |
2010 Drilling Capex Budget: |
| |
$110 million, 41 gross (18.8 net) wells |
| |
|
| |
Sanish |
| |
|
| |
Proved Reserves: |
| |
4.3 MMBoe (32% developed) |
| |
|
| |
Avg. Daily Production (4Q 2009): |
| |
792 Boe/d |
| |
|
| |
Net Acreage: |
| |
8,747 |
| |
|
| |
Identified Drilling Locations: |
| |
88 gross (9.6 net) |
| |
|
| |
2010 Drilling Capex Budget: |
| |
$22 million, 37 gross (3.8 net) wells |
| |
|
| |
Oil Focused Bakken Operator |
| |
- Large, concentrated acreage position with identified drilling inventory
- Substantial upside potential with known catalysts
- Growing production profile
- Management with resource play execution experience
|
| |
|
| |
USGS Report on Bakken Formation |
| |
|
|
|
|
