BAKKEN OIL BUSINESS JOURNAL

BakkenJournal_Aug-Sept15

The BAKKEN OIL BUSINESS JOURNAL is a high-gloss, full-color magazine with a targeted distribution that gets our Advertisers in front of the RIGHT EYES in this industry. Direct mailed to Companies in the Bakken with bonus distribution at Energy Shows.

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Read online @ B A K K E N O I L B I Z . C O M / d i g i t a l - j o u r n a l 41 OIL & RIG COUNT BY THE NUMBERS: Takeaway capacity of crude oil from North Dakota by pipeline and rail shipment: Williston Basin Oil Production & Export Capac- ity, BOPD Apr 2015 Oil 35,071,359 barrels = 1,169,045 barrels/day May 2015 Oil 37,235,914 barrels = 1,201,159 barrels/day All-time high was Dec 2014 1,227,483 barrels/ day 1,142,034 barrels per day or 95% was from the Bakken and Three Forks area 59,125 barrels per day or 5% from legacy conventional pools Apr 2015 Gas 45,814,227 MCF = 1,527,141 MCF/day May 2015 Gas 50,394,359 MCF = 1,625,625 MCF/day new all-time high Apr Producing Wells = 12,545 May Producing Wells = 12,659 New all-time high 9,715 wells or 77% are now unconventional Bakken – Three forks wells 2,944 wells or 23% produce from legacy conventional pools Apr Permitting: 168 drilling and 0 seismic May Permitting: 150 drilling and 1 seismic Jun Permitting: 192 drilling and 0 seismic All time high was 370 in 10/2012 Apr Sweet Crude Price = $38.33/barrel May Sweet Crude Price = $44.70/barrel Jun Sweet Crude Price = $47.73/barrel Today's Sweet Crude Price1 = $40.75/barrel All-time high was $136.29 7/3/2008 Source: Flint Hills Resources Apr rig count 91 May rig count 83 Jun rig count 78 Today's rig count is 73 Lowest since November 2009 when it was 63 All-time high was 218 on 5/29/2012 The statewide rig count is down 67% from the high and in the five most active counties rig count is down as follows: Divide -77% (high was 3/2013) Dunn -71% (high was 6/2012) McKenzie -61% (high was 1/2014) Mountrail -71% (high was 6/2011) Williams -69% (high was 10/2014) 7/10/2015 GAS CAPTURE STATISTICS ARE AS FOLLOWS: Gas capture statistics are as follows: Statewide 82% Statewide Bakken 83% Non-FBIR Bakken 82% FBIR Bakken 88% Trust FBIR Bakken 87% Fee FBIR 89% October – December 2014 capture target =74% January – December 2015 capture target =77% ➤ continued, pg 45 Drilling permit activity decreased slightly from April to May and then increased back to February-March levels in June as operators positioned themselves for low 2015 price scenarios and a significant permit inventory should a return to drilling price point occur in the next 6-12 months. The number of rigs actively drilling on federal surface in the Dakota Prairie Grasslands is unchanged at 0.

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