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Title : Production By Association -- A Kermit Well -- November 25, 2018
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Production By Association -- A Kermit Well -- November 25, 2018

Lots of fracking activity taking place in this area recently.

Let's take a look at this well:

• 16792, 689, BR, Kermit 1-32H, Pershing, t5/08; cum 166K 9/18; recent production -- that 5,060 bbls in 17 days extrapolates to 9,000 bbls over 30 days --

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2018	17	5060	5262	4608	2019	1977	0
BAKKEN	8-2018	2	136	0	2	28	27	0
BAKKEN	7-2018	0	0	0	0	0	0	0
BAKKEN	6-2018	0	0	0	0	0	0	0
BAKKEN	5-2018	26	789	674	127	458	393	0
BAKKEN	4-2018	30	1098	1403	154	716	588	54
BAKKEN	3-2018	23	912	704	332	709	652	0
BAKKEN	2-2018	0	0	0	0	0	0	0
BAKKEN	1-2018	0	0	0	0	0	0	0
BAKKEN	12-2017	10	171	0	4	446	421	0
BAKKEN	11-2017	30	727	966	103	1657	1583	0
BAKKEN	10-2017	31	793	704	126	1582	1414	91
BAKKEN	9-2017	30	688	685	163	1464	1338	52
BAKKEN	8-2017	31	606	658	110	1746	1669	0
BAKKEN	7-2017	31	935	912	130	1853	1776	0

This well was drilled back in 2008. By today's standards it was not a good well. But we talked about that at the time. Regardless of whether it was a good well or not, it was not a dry hole and it held the lease by production.

Now, we are getting great wells in the area, and because of "production by association," this well will likely turn into a great well.

It was my understanding that once a well reached "peak production" it would show steady decline after that.

These Bakken wells are going to produce for 30 years and they will go through the Bakken life-cycle of frack, re-work; neighboring fracks; mini re-fracks; re-work; major re-fracks over those 30 years. This well is already ten years old and has had no major work done on it -- based on NDIC sundry forms -- during all that time. Biggest associated expense, I support, disposing of produced water.

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