78 Well Production Comparison in the Wolfcamp Formation

  •  ROI in 90 days equivalent: 186%

  •  90 days — 4,700 more bbls per well produced

  •  180 days — 16,000 more bbls per well produced

Initial 90 Days Williston Basin Graph

Details

  •   78 wells in the Wolfcamp Formation (Midland Basin and Delaware Basin)
  •   nanoActiv® HRT treatment vs. offsets (2017-2018) — New well frac’d completions
  •   13 wells were treated with nanoActiv® HRT
  •   65 wells were NOT treated with nanoActiv® HRT
  •   Data was limited to direct offsets with reasonable data quality as reported to Texas RRC

Conclusion

  •   Weighted difference in average BOE (20:1) cumulative production per well in 90 days is: 4,700 more bbls produced by wells that used nanoActiv® HRT. Difference in average BOE (20:1) per well in 180 days is: 16,000 bbls
  •   If we use a standard price/bbl of $40 net to the operator, the difference in production would equate to: $188,000 in 90 days and $640,000 in 180 days

13 Well Production Comparison in the Bakken Petroleum System

  •  ROI in 90 days equivalent: 173%

  •  90 days — 13,000 more bbls per well produced

Initial 90 Days Williston Basin Graph

Details

  •   13 Wells in the Bakken Petroleum System (Middle Bakken and Three Forks)
  •   nanoActiv® HRT treatment vs. offsets (2017-2018) — New well frac’d completions
  •   7 wells were treated with nanoActiv® HRT
  •   6 wells were NOT treated with nanoActiv® HRT
  •   Data was limited to direct offsets with reasonable data quality

Conclusion

  •   After 90 days, 13,000 more bbls were produced by wells that used nanoActiv® HRT
  •   If we use a standard price/bbl of $40 net to the operator, the difference in production would equate to: $520,000 in 90 days