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Week of December 02, 2011Volume 1, No. 11

Dodsland Viking play remains attractive

Crowded with industry names

Slide

Renegade's Viking Economics

Full Presentation

Slide

Novus' Viking Economics

Full Presentation

With PLS' docFinder database, we recently found updated data on a legacy play receiving increased industry interest, the Dodsland Viking. With a quick search and seek, we were able to find and compare economics from multiple juniors, mid-caps and large-caps.

So why all the increased interest? Superior economics certainly don't hurt.


Well Cost
($MM)
30-day IP
(Bbls/Day)
EUR
(MBbls)
Pre-Tax NPV (10%)
($MM)
Renegade$0.9-$1.25040 - 62$1.1
Novus$0.854650$1.4

Additionally, the Dodsland Viking has a significant amount of data for firms to evaluate. The play has been producing since the 1950's from over 7,500 vertical wells.

The area has attracted the likes of Penn West, Crescent Point, Baytex, NAL, Husky, Wild Stream, Devon, Teine, Enerplus, Harvest, Westfire, Compass and others - see Novus Presentation.

PLS docFinder now enables you to QUICKLY find answers you need including: 

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Oil company execs, investors and bankers know well the value of "competitive reconnaissance." PLS' new docFinder database is a valuable DATA source to stay current on industry and company developments. DocFinder lets you quickly view and compare type curves, oil price differentials, drilling costs, operating costs, CAPEX plans past, present and future, and other critical data.


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featured.slides from docFinder

Slide Slide Slide Slide

Crescent Point Production

November 01, 2011

Enerplus' Improved Marcellus

October 13, 2011

PetroBakken Bilateral Evolution

November 1, 2011

Trican Capex


October 12, 2011

As the slide above shows, Cresent Point forecasts record production for 2011, with volumes anticipated to reach 77,500 boe/d by year end. The company boasts impressive netbacks of almost $50/boe, due in large part to its volumes being 90% oil.

Full Presentation.


docFinder allows you to pull up slides by table, pie chart and production volumes...

Enerplus was an early entrant into the Marcellus, dating back to August 2009. The firm has learned through the drill-bit, with recent wells besting their aggressive 6 bcf type-curve. Enerplus aims to grow production to 150 mmcf/d by YE 2014, spending $800mm along the way.

Full Presentation.


docFinder allows you to pull up slides that only have type curves...

PetroBakken has had its share of technological firsts, including drilling the first successful horizontal well, open-hole, multi-stage frac completion. The firm recently pioneered bilateral horizontal well technology in the Bakken, essentially reducing costs by 35%.  

Full Presentation.


docFinder allows you to pull up slides that illustrate well bore images...

Trican achieved record growth in 2010, and has had continued through this year. Shale & other resource plays have been strong growth areas for the firm, as fracturing represents ~78% of revenues.  Trican set an aggressive budget of $678mm for 2012, but plans to fund its growth with cash and available debt. 

Full Presentation.


docFinder allows you to pull up slides describing companys' Capex

featured.transactions from PLS global M&A database

DateHeadlineValue
11/30/11Samsung and KNOC to acquire Parallel Petroleum from Apollo$772 MM
11/29/11Inpex and JGC form shale gas JV with Nexen$675 MM
11/29/11Eni to sell 7.5% interest in Evans Shoal gas field to Shell$66 MM
11/28/11Storm Resources acquires light oil property in BC $15 MM

Source: PLS M&A Database

featured.deals from PLS divestment arm

MARCELLUS SHALE NON-OP MARCELLUS SHALE NON-OP
4 PDP Wells; ~30,558 Gross Acres;
MARCELLUS FAIRWAY
SW Pennsylvania
Multipay: Marcellus, Utica, Trenton
3D Seismic Supported
70% Of Acreage Is HBP (Shallow)
5% NonOperated WI; 3.91% NRI
Net Production ~500 MCFD
2 Vertical & 2 Vertical Wells Producing
Active Drilling Program in Place
2 Wells To Be Drilled Q4 2011
Gathering System Under Construction
Existing Pipeline Capacity Near Acreage
Development Schedule In Data Room
PP 5101DV
View Details

FRIO CO., TX ACREAGE FRIO CO., TX ACREAGE
~11,500-Acres. 2- Acreage Blocks
EAGLE FORD OIL WINDOW
E-BENCH POTENTIAL
Buda, Austin Chalk Also Possible
Olmos & Escondido Formations.
PEARSALL SHALE
Eagle Ford Shale Lies: 5,800-6,500 Ft
65-100% OPERATED WI; 75% NRI
Offset Buda Lime IP: 1,000 BOPD
ACTIVE AREA
Seller Owns All Rights
Individual Well Estimates: 350-675 MBO
SELLER SEEKS PARTNER TO DRILL
BUDA LIME ACTIVITY NEARBY
WANTS 3 WELL COMMITMENT
LAST MARKETING PUSH
L 6553DV
View Details

featured.listings from the industry's MLS network

SASKATCHEWAN PROPERTY
Active Wells. 74,960-Gross Acres.
DODSLAND/KIRKLAND. T28-T31.
Add'l 7-Wells Awaiting Compl/TieIn.
Viking Light Oil Resource Play.
>62,840-Net UnDeveloped Acres.
UnBooked: Viking Horizontal InFill Drilling
>150-Low Risk Horizontal Locations.
96% OPERATED WI AVAILABLE
Current Prod: 607 BOPD & 1,103 MCFD
Net Operating Income: $1,686,416/Mn
Proved Rsrvs: 2,357 MBO & 4,492 MMCF
P+P Reserves: 3,300 MBO & 6,648 MMCF
Net Proved Reserves (PV10): $52,201,000
3rd Party Report With Signed CA.
PP 14088HZ
View Details
PP ALBERTA PROPERTY SUMMARY
24-Active. >50,000-Acres.
WEST CENTRAL ALBERTA
>150 DRILLING LOCATIONS.
Cardium & Viking Oil Resource Plays.
Pembina, Harmattan, Ferrier --
-- Sylvan Lake & Brazeau UpSide.
Horizontal MultiStage Frac Development.
HIGH OPERATED WI FOR SALE
Production: 2,348 BOED (68% Light Oil)
>1,000 BOED BHP w/TieIns Underway.
26-Horizontal Locations Licensed.
Proved Reserves: 5,853 MBOE
P+P Reserves: 10.5 MMBOE
Excellent Reserve Life Index>12Yr (P+P).
P+P Reserves (PV10): $188,679,000
For Sale As One Transaction. CA.
PP 13410HZ
View Details
PP
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