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Bakken Participating Wells...June (Sold)Oil and Gas Information Advisory Barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of crude oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency conversion ratio of 6:1, utilizing a conversion on a 6:1 basis is misleading as an indication of value. Zavanna....18 wells @ approx 12.33 % Average NRIMonth..Oil........Gas....Gas Eq... BOE...Net BOE (sold) May....27001...29089...4848.....31849....3927 June...25493...29718...4953.....30446....3754 Whiting Petroleum Link 24-12-3H....3.1% WI Month.....Oil.......Gas.....Gas Eq...BOE....Net BOE (sold) June...21770...32646.....5441.....27211....844 Whiting Petroleum Link 24-12HU....3.1% WI Month.....Oil.......Gas.....Gas Eq...BOE....Net BOE (sold) June...17124...21567.....3596.....20719....642 Petro-Hunt...6 Pirate wells @ 3.67% WI Month.....Oil.....Gas.....Gas Eq...BOE....Net BOE (sold) May.....8,065...23,608...3,935....12,000...440 June....7,052...24,309...4,052....11,104...408 Petro-Hunt 24 Combined wells (Caper, Talon, Mongoose, Slugger, & Excalibur) @ approx .58 % WI Month.....Oil.....Gas.....Gas Eq...BOE....Net BOE (sold) May....31,333..73,526...12,088..43,421...252 June..29,477...71,203...11,867..41,344...240 |
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