Anschutz Exploration Corporation Announces Record Turner Formation Well Results in Wyoming

DENVER–(BUSINESS WIRE)–Anschutz Exploration Corporation’s initial Turner Formation producers in
the Powder River Basin – the Theo Fed 3571-17-5-1FH well and the Remi
State 3671-16-21-9FH well – tested at record rates.

• The Theo Fed initially flowed at a peak 24-hour rate of 3,193 BOEPD
  (87% oil) from an effective stimulated lateral length of 6,872 feet.
• The Remi State initially flowed at a peak 24-hour rate of 3,123 BOEPD
  (90% oil) from an effective lateral length of 8,072 feet.

These wells are located five miles and 11 miles north, respectively, of
Chesapeake Energy’s Sundquist 9-34-71 USA A TR 13, which initially
flowed at a peak rate of 2,565 BOEPD (82% oil), also from the Turner
Formation.

In addition, both Anschutz wells continue to produce at high rates as
shown by their 30, 60 and 90 day volumes.

The Theo Fed, which was turned to sales on December 9, 2017, generated a
peak IP30 of 2,187 BOEPD (318 BOEPD/1,000 feet of stimulated lateral),
which represents the top Turner horizontal well performance in the
Powder River Basin for a peak IP30. The Theo Fed has a peak IP60 of
1,862 BOEPD and a peak IP90 of 1,721 BOEPD. During the initial 90 days
online, the Theo Fed has produced 154,859 BOE.

The Remi State, which was turned to sales on February 18, 2018,
generated a peak IP30 of 2,141 BOEPD (265 BOEPD/ 1,000 feet of
stimulated lateral). In its initial 30 days, the Remi State has produced
64,215 BOE.

Anschutz Exploration Corporation is the largest private Oil and Gas
Company in Wyoming’s Powder River Basin and controls over 385,000 net
acres on which it is currently operating two drilling rigs in Converse
County, Wyoming.

Contacts

Anschutz Exploration Corporation
Shauna Moore, 303-299-1582
[email protected]