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Unconventional Yearbook 2018

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UGcenter.com | January 2018 | 49 KEY PLAYERS | 2018 UNCONVENTIONAL YEARBOOK In the Permian the company reported average production of 10.2 Mboe/d and total proved reserves of 53.8 MMboe at year-end 2016, according to SM Energy's website. Third-quarter 2017 production from the company's Midland Basin assets was 3 MMboe (78% oil), according to the company's third-quarter 2017 report. SM Energy has about 89,000 net acres in the Mid- land Basin, which includes about 5,000 net acres acquired year-to-date through acreage trades and other transactions. Additionally, the company holds producing assets in the Rocky Mountain region including leaseholds primarily targeting the Bakken Forma- tion in the Williston Basin of North Dakota and the Frontier and Shannon formations in the Powder River Basin of Wyoming. The company reported year-end 2016 average production of 28.2 Mboe/d and total proved reserves of 36.5 MMboe in this region, according to statistics on SM Energy's web- site. Third-quarter 2017 total production for this region was 1 MMboe, according to the company's third-quarter 2017 report. Southwestern Energy ■ 245,805 net acres in Northeast Appalachia ■ 321,563 net acres in Southwest Appalachia Southwestern Energy (SWN) is engaged in the E&P of natural gas, oil and NGL with current opera- tions primarily focused on the Marcellus Shale in Pennsylvania and West Virginia and the Fayetteville Shale in Arkansas. During the first nine months of 2017, SWN invested about $921 million in the E&P business and participated in drilling 106 wells, completed 118 wells and placed 130 wells to sales, according to the company's third-quarter 2017 results report. In Northeast Appalachia SWN has 245,805 net acres (as of year-end 2016). The company reported 2016 reserves of 1,574 Bcf and pro- duction of 350 Bcf, according to SWN's website. Third-quarter 2017 net production from North- east Appalachia was 101 Bcfe, a 20% increase compared to the same quarter in 2016, accord- ing to the company's third-quarter 2017 results report. Northeast Appalachia also achieved record gross operated exit production rates of 1,408 MMcfe/d, a 35% increase compared to third-quarter 2016. In Southwest Appalachia SWN has 321,563 net acres (as of year-end 2016). The company reported 2016 reserves of 677 Bcfe and production of 148 Bcfe, according to SWN's website. Third-quarter 2017 net production from Southwest Appala- chia was 52 Bcfe, a 41% increase compared to the same quarter in 2016, according to the compa- ny's third-quarter 2017 results report. Southwest Appalachia achieved record gross operated exit production rates of 958 MMcfe/d, a 54% increase compared to third-quarter 2016. In the Fayetteville Shale SWN has 918,535 net acres (as of year-end 2016). The company reported 2016 reserves of 2,997 Bcf and production of 375 Bcf, according to SWN's website. Whiting Petroleum Corp. ■ 691,880 gross acres in the Williston Basin ■ 157,513 gross acres at its Redtail Niobrara/ Codell play Independent E&P company Whiting Petroleum produces crude oil in North Dakota and operates assets in northern Colorado. Whiting controls 691,880 gross (412,925 net) acres in the Williston Basin and 157,513 gross (131,763 net) acres at its Redtail Niobrara/Codell play in the Denver-Jules- burg (D-J) Basin. Whiting had a full-year 2017 cap- ital budget of $950 million. In September 2017 Whiting sold its Fort Ber- thold Indian Reservation area assets located in Dunn and McLean counties in North Dakota to RimRock Oil & Gas Williston LLC for $500 million, a press release stated. Whiting's third-quarter production totaled 10.5 MMboe (84% crude oil/NGL), according to the company's third-quarter 2017 results report. Third-quarter 2017 production averaged 114,350 boe/d, an increase from second-quarter 2017 production of 112,660 boe/d. The Bakken/Three Forks play in the Williston Basin averaged 102,015 boe/d. The Redtail Niobrara/Codell play in the D-J

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