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Daily Oil Production

January 1, 2024 - October 15, 2026

Gross barrels of oil produced per day through 10/15/26. Oil production is only from wells owned and operated by Phoenix Operating, a wholly-owned subsidiary of Phoenix Energy. Phoenix’s portfolio of royalty assets and non-operated working interests are not included in this chart.

WELLS DRILLED
140

As of 10/15/26

WELLS PLANNED
0

Over the next 12 months

BARRELS OF OIL PRODUCED
15 M+

As of 10/15/26

Drilling Performance in North Dakota & Montana

Rockin’ in the Bakken

Map of Montana and North Dakota counties highlighting Phoenix project areas: Shogun in Roosevelt County, Alamo/Tioga in Williams and Divide Counties, Noonan/Beaver Lake in Divide County, Stanley in Mountrail County, Grasslands in McKenzie County and Knife River in Dunn County

PRODUCING

156

  • ALAMO/TIOGA: 99 wells
  • STANLEY: 22 wells
  • SHOGUN: 13 wells
  • KNIFE RIVER: 12 wells
  • NOONAN/BEAVER LAKE: 5 wells
  • GRASSLANDS: 5 wells

UNDER DEVELOPMENT

43

  • KIMONO (Shogun): 4 four-mile wells
  • BONSAI (Shogun): 2 four-mile "u-turn" wells
  • ORIGAMI (Shogun): 4 four-mile wells
  • CADDYSHACK (Noonan): 5 three-mile wells
  • SPACKLER (Noonan): 5 three-mile wells
  • DANNY NOONAN (Noonan): 5 three-mile wells
  • HERCULES (Beaver Lake): 4 three-mile wells
  • BRYNN FERRARI (Alamo): 4 three-mile wells
  • GINA FERRARI (Alamo): 5 three-mile wells
  • AKEMI FERRARI (Alamo): 5 three-mile wells

Well counts for producing and under development are as of 10/15/2026.

Bakken Drilling Records

  • LONGEST 4-MILE LATERAL
  • NYSTUEN 20-17-8-5-1H (Alamo)
  • 20,797.5 ft.
  • FASTEST-DRILLED 4-MILE LATERAL
  • WILLOW GRAY 2-11-14-23-4H (Alamo)
  • WILLOW GRAY 2-11-14-23-2H (Alamo)
  • 9.29 Days
  • FASTEST-DRILLED 3-MILE LATERAL
  • AXEL FERRARI 25-36-1-4H (Alamo)
  • 6.46 Days
Longer Laterals = Enhanced Project Economics

Chasing Records IN THE BAKKEN

3 Mile Well Horizontal Line
4 Mile Well Horizontal Line
3 Mile Well Horizontal Line
3 Mile Well Horizontal Line

4 of the fastest 3-milers

DAYS TO TOTAL DEPTH¹

6.46

AXEL FERRARI 25-36-1 4H (Alamo)
6/29/2024

6.52

JACOBSON 19-30-31 3H (Alamo)
8/22/2024

6.52

DANIELE 26-35-2 2H (Alamo)
5/9/2024

6.60

AXEL FERRARI 25-36-1 5H (Alamo)
7/8/2024

4 Mile Well Horizontal Line
4 Mile Well Horizontal Line

one of the
longest Laterals

ON A ONE-RUN 4-MILER

20.8K

lateral length (FT)²

NYSTUEN 20-17-8-5-1H (Alamo)
6/17/2025

Blue Ruler Icon
4 Mile Well Horizontal Line
4 Mile Well Horizontal Line

4 of the fastest 4-milers

DAYS TO TOTAL DEPTH¹

9.29

WILLOW GRAY 2-11-14-23-4H (Alamo)
9/24/2025

9.71

WILLOW GRAY 2-11-14-23-2H (Alamo)
9/14/2025

9.77

WILLOW GRAY 2-11-14-23-5H (Alamo)
10/06/2025

10.38

NYSTUEN 20-17-8-5-4H (Alamo)
7/16/2025

  1. Days to total depth” (DTD or Days to TD) refers to the number of calendar days it takes to drill a well from the start of operations (spud date) to the point at which the well reaches its planned final depth
  2. Lateral length refers to the horizontal distance a wellbore extends within an oil or gas formation after drilling vertically to a targeted depth. Typical lateral lengths in modern unconventional drilling range from approximately 5,000 to 15,000 feet, enhancing reservoir contact and production efficiency.
Longer Laterals = Enhanced Project Economics

Chasing Records IN THE BAKKEN

3 Mile Well Horizontal Line
4 Mile Well Horizontal Line
3 Mile Well Horizontal Line
3 Mile Well Horizontal Line

4 of the fastest 3-milers

DAYS TO TOTAL DEPTH¹

6.46

AXEL FERRARI 25-36-1 4H 6/29/2024

6.52

DANIELE 26-35-2 2H / JACOBSON 19-30-31 3H 5/9/2024 / 8/22/2024

6.60

AXEL FERRARI 25-36-1 5H 7/8/2024

4 Mile Well Horizontal Line
4 Mile Well Horizontal Line

one of the
longest Laterals

ON A ONE-RUN 4-MILER

20.8K

lateral length (FT)²

NYSTUEN 20-17-8-5 1H 6/17/2025

Blue Ruler Icon
4 Mile Well Horizontal Line
4 Mile Well Horizontal Line

one of the Fastest Rates of Penetration

ON A ONE-RUN 4-MILER

267.4

ROP FEET PER HOUR³

NYSTUEN 20-17-8-5 1H 6/17/2025

Blue Ruler Icon
  1. Days to total depth” (DTD or Days to TD) refers to the number of calendar days it takes to drill a well from the start of operations (spud date) to the point at which the well reaches its planned final depth
  2. Lateral length refers to the horizontal distance a wellbore extends within an oil or gas formation after drilling vertically to a targeted depth. Typical lateral lengths in modern unconventional drilling range from approximately 5,000 to 15,000 feet, enhancing reservoir contact and production efficiency.
  3. Rate of Penetration (ROP) is a standard drilling performance metric in the oil and gas industry. It quantifies the speed at which the drill bit advances through subsurface formations, typically expressed in feet per hour (ft/hr) or meters per hour (m/hr). Calculated as total depth drilled divided by drilling time, ROP is influenced by formation properties, bit type, drilling parameters, and fluid systems.

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