Northern Region

  • 5,900 net core acres predominantly in McKenzie and Dunn Counties of North Dakota that are prospective for the Bakken/Three Forks formation
  • 157 gross wells producing
    • Average working interest of ~4%
    • 13 gross wells currently being drilled or completed
  • ~210 potential gross drilling locations
  • Operators include: Statoil, Oasis, ConocoPhillips/Burlington, Newfield, Continental, ExxonMobil/XTO, Marathon, SM Energy

Key Areas:

  • Majority of units in McKenzie County, ND
    • Banks Field
      • Largest development area
      • Interest in 22 spacing units
      • Operators down-spacing to 6-7 wells per unit in the Bakken
    • Indian Hill Field

Near Term Plans:

  • Expand acreage
  • Acquire production
  • Establish operating presence

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