Core Areas

PetroShale has 5,749 net acres (74,927 gross), 91% HBP (held by production) – 4,192 net acres in prolific Antelope & South Berthold areas

Significant opportunity to add inventory through downspacing / increasing well density on PetroShale’s stacked pay

  • December 2017 independent reserve report spacing = 37.2 net Proved + Probable (P+P) locations
  • Increasing density to 880’ spacing = 59.5 net P+P locations(1)
  • Increasing density to 660’ spacing = 81.7 net P+P locations(1)

55% of locations(1) are operated by PetroShale

(1) See “Advisory Statements – Drilling Locations’

Operations Map

Click on the number next to the core area on the map below in order to see identified potential future locations by area.

1
2
3
4
5
6
1
PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
Antelope 23.3 32.1
2
PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
South Berthold

29.0

40.0

3
PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
South Mountrail

1.3

1.5

4
PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
Sanish

1.6

2.4

5
PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
South Nesson

4.1

5.5

6
PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
Stockyard

0.2

0.2

Areas

Click on the plus sign next to the core area name below to see identified potential future locations by area.

1. Antelope

PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
Antelope 23.3 32.1

(1) Net locations are based on Company interests
(2) See ‘Advisories – Drilling Locations

2. South Berthold

PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
South Berthold

29.0

40.0

(1) Net locations are based on Company interests
(2) See ‘Advisories – Drilling Locations

3. South Mountrail

PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
 South Mountrail

1.3

1.5

(1) Net locations are based on Company interests
(2) See ‘Advisories – Drilling Locations

4. Sanish

PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
Sanish

1.6

2.4

(1) Net locations are based on Company interests
(2) See ‘Advisories – Drilling Locations

5. South Nesson

PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
South Nesson

4.1

5.5

(1) Net locations are based on Company interests
(2) See ‘Advisories – Drilling Locations

6. Stockyard

PSH Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
Stockyard

0.2

0.2

(1) Net locations are based on Company interests
(2) See ‘Advisories – Drilling Locations

High Quality Well Locations

PetroShale Future Net Drilling Locations(1,2)
Assumes 880′ Spacing Assumes 660′ Spacing
Antelope
23.3
32.1
South Berthold
29.0
40.0
South Mountrail
1.3
1.5
Sanish
1.6
2.4
South Nesson
4.1
5.5
Stockyard
0.2
0.2
Total
59.5
81.7

(1) Net locations are based on Company interests
(2) See ‘Advisories – Drilling Locations