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Forest Oil Corporation Granite Wash Conference Oklahoma Geological Society

Forest Oil Corporation Granite Wash Conference Oklahoma Geological Society. March 6, 2008. Why the Granite Wash?. Simple, repeatable play Low risk Ability to build large drilling inventory Low F&D costs Ease of permiting, welcoming community for oil & gas

JasminFlorian
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Forest Oil Corporation Granite Wash Conference Oklahoma Geological Society

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  1. Forest Oil CorporationGranite Wash ConferenceOklahoma Geological Society March 6, 2008

  2. Why the Granite Wash? • Simple, repeatable play • Low risk • Ability to build large drilling inventory • Low F&D costs • Ease of permiting, welcoming community for oil & gas • Gas markets: quick hook-ups, full takes, low basis differential • Successively deeper pays add to EURs at low incremental capital costs

  3. Forest Oil Corp - Texas Panhandle History • Forest acquires 33,000 gross acres in March 2005. • Acreage increased to 51,000 acres in 2007. • Forest has drilled about 150 Granite Wash wells since April 2005. • Buffalo Wallow approved for and being drilled on 20 acre downspacing • Frye Ranch approved for 40 acre spacing.

  4. Forest Oil Corp – Hemphill & Wheeler County Production April 2006

  5. Forest Oil Corp – Buffalo Wallow Field: Drill & Complete Costs

  6. Forest Oil Corp – Buffalo Wallow Field: Days from Spud to Sales Average 42 days

  7. Caldwell 11,000 Britt Initially operators in Buffalo Wallow completed the Caldwell, Britt and GW-A only GW-A 11,500 GW-B GW-C Operators then completed thru the GW-B and GW-C 12,000 GW-E GW-F 12,500 Atoka Forest determined that additional economic net-pay exists in the GW-E, F & Atoka and it now selectively completes in those zones as well 13,000 13,500 Forest Oil Corp – exploitation of deeper Granite Wash pays

  8. Forest Oil Corp – Buffalo Wallow Completion

  9. Liquid Loading Granite Wash ConferenceOklahoma Geological Society March 6, 2008

  10. Liquid Loading-Pumping Unit Well

  11. Liquid Loading-Pumping Unit Well

  12. Liquid Loading-Cap String Well

  13. WESTERN BUSINESS UNIT Liquid Loading-Cap String Well

  14. Liquid Loading-Cap String Well

  15. Liquid Loading-Weatherford CVR System

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