BAKKEN OIL BUSINESS JOURNAL

BakkenJournal_Oct-Nov15

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 19 ➤ continued pg 20 STV | GWD provides engineering, design, procurement, project management and construction management services to the natural gas, liquid petroleum, and pipeline transportation markets for projects from concept to completion. Strategically located and staffed with the expertise and experience to support oil & gas resource development, we leverage our multi-disciplinary approach and effective project management to deliver innovative solutions. • Oil, gas and water processing and treatment facilities • Pipelines and gathering systems • Construction management • Commissioning/start-up • Storage and loading facilities • Control system programming & integration • Permitting – construction, air, natural resources • UL 508A-listed electrical and control panel fabrication shop • Metering/measurement services Regional offices conveniently located in Denver and Bismarck. Efficiency Through Engineering & Design Contact: Gary Doven Senior Vice President (303) 951-9311 | gary.doven@stvinc.com www.gwddesign.com | www.stvinc.com Part of STV Energy Services, Inc. Drilling costs were estimated at $7.3 million, and analysis of the re- serves suggests that "Estimated Ultimate Recovery" per well will reach 366,000 barrels. Recently Dave said, "In late June we drilled and completed our four- well project. The Mandan, Hidatsa, Arikara Nation wells started flow- back on June 27th, 2015. Each well had an average initial produc- tion of 2,500 barrels per day." He credited his co-workers for the re- sults. "Our success is due to the great team we assembled. I personally thank them for the professional job they all did." It appears more opportunities are in the works. Missouri River Resources is cur- rently involved as a "working interest" partner in more than 50 wells. It has partnered with Enerplus, Conoco Phil- lips, Marathon and Halcon. According to Williams, "We currently have a 40-well project along the Little Missouri River to keep us busy for the T H E T E A M I N C L U D E S Ron Kaler :: COO Larry Schott :: Drilling Superintendent Cory Miller :: Hydraulic Fracturing Consultant for MLB Dan Lowrie :: Geologist Brad Campbell :: Project Coordinator CJ Packineau :: Completion Consultant Jason Krueger :: Landman Lisa Ortega :: HR/Operations Manager Carl Artman :: Legal Amber Takes the Horse :: Executive Secretary/Billing Amanda Bewick :: Executive Assistant next two years. We are par- ticipating with Phillips 66 and Paradigm Midstream Partners to build a 78-mile pipeline from Johnson's Cor- ner to Palermo, ND. Follow- ing that, we're involved in a gas line with our sister com- pany, Grey Wolf Midstream. In turn, those projects will create a lot of development opportunities for Tribal busi- nesses. Over the next two to three years we would like to get our production over 10,000 barrels per day. We also hope to add twenty to thirty employees in the next two years." By undertaking the active role of driller, Missouri River Resources creates great rev- enue potential for the Three Affiliated Tribes. It receives royalties of 26 percent from the oil production from the

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