E Hartstreet LLC: Bakken Production Per Well Continues To Improve

North Dakota operators could see a boost in valuations going into driving season. We continued to see improved production per well. Costs shoud decrease with improved logistics with the start of the DAPL. Breakevens should continue to improve, especially for the operators below:

Name

Well Count

CUM Gas (NYSEMKT:MCF)

CUM Oil (NYSE:BBL)

CUM Water

HESS (NYSE:HES)

65

9,429,215

5,335,798

2,560,956

XTO ENERGY INC.

60

7,155,134

4,204,515

3,362,865

BURLINGTON RESOURCES

24

2,322,301

2,225,848

1,219,159

SM ENERGY CO (NYSE:SM)

23

1,453,508

1,245,981

2,331,071

Statoil Oil & Gas LP (NYSE:STO)

22

3,221,719

1,962,554

1,762,885

QEP ENERGY (NYSE:QEP)

20

3,582,825

1,969,575

2,238,905

OASIS PETROLEUM (NYSE:OAS)

17

3,030,089

2,029,745

3,831,637

EOG RESOURCES (NYSE:EOG)

16

1,257,113

1,956,189

1,748,355

ENERPLUS (NYSE:ERF)

15

1,974,533

1,987,065

1,455,869

MARATHON OIL (NYSE:MRO)

13

2,175,320

1,770,594

1,163,321

NEWFIELD (NYSE:NFX)

12

3,380,270

1,445,806

425,480

WHITING (NYSE:WLL)

12

2,302,302

1,464,559

2,118,686

PETRO-HUNT, L.L.C.

9

617,259

614,834

738,119

WPX ENERGY (NYSE:WPX)

8

1,350,744

1,469,854

1,112,585

LIBERTY RESOURCES

7

1,111,318

631,949

1,300,810

ABRAXAS (NASDAQ:AXAS)

6

1,144,111

495,755

431,719

HRC OPERATING (NYSE:HK)

6

1,318,492

848,139

772,518

CONTINENTAL (NYSE:CLR)

5

309,226

220,400

415,040

CRESCENT POINT

4

143,652

335,176

321,596

SLAWSON

3

178,478

235,221

146,870

Total

347

47,457,609

32,449,557

29,458,446

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