Williston Basin - North Dakota and Montana

Triangle Petroleum's development operations are focused on the Bakken oil play in the Williston Basin of North Dakota and Montana. Through operated and non-operated growth channels, the company is actively converting its acreage position to resources and production. 

North Dakota  

In North Dakota, Triangle holds leasehold interests and is currently directing capital towards its operated program in the Rough Rider area of McKenzie and Williams counties. The development program encompasses a de-risked area of the play with industry activity taking place within adjacent drilling units.  

Given the company's emphasis on efficiency and cost, drilling locations are being developed on multi-well pads which condenses drilling, completion and production operations while maximizing recovery of oil in place through downspacing. Additionally, under this drilling orientation, Triangle is mitigating its surface and environmental footprint.  

Montana  

In Montana, Triangle holds leasehold interests in Roosevelt and Sheridan counties. The position is largely contiguous and lies on the northwestern flank of the Williston Basin, adjacent to the Elm Coulee Field. Driven by geologic modeling and control from vintage producing wells, the company was an early mover in the region which allowed it to secure attractive leasehold terms.  

While this region of the basin is primarily undeveloped, permitting and drilling activity by the industry continues to converge on Triangle's acreage position.