Production Status
the Best in the Bakken
At Phoenix Energy, we’re redefining operational excellence in the Williston Basin. With record-breaking milestones and cutting-edge innovations, we’re proud to lead the charge in American energy independence.
January 1, 2024 - april 30, 2026
Gross average barrels of oil per day as of 01/31/26 (by week). 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.
PRODUCING
119
UNDER DEVELOPMENT
41
Well counts for producing and under development are as of 4/15/2026.
AXEL FERRARI 25-36-1 4H (Alamo)
6/29/2024
JACOBSON 19-30-31 3H (Alamo)
8/22/2024
DANIELE 26-35-2 2H (Alamo)
5/9/2024
AXEL FERRARI 25-36-1 5H (Alamo)
7/8/2024
NYSTUEN 20-17-8-5-1H (Alamo)
6/17/2025
WILLOW GRAY 2-11-14-23-4H (Alamo)
9/24/2025
WILLOW GRAY 2-11-14-23-2H (Alamo)
9/14/2025
WILLOW GRAY 2-11-14-23-5H (Alamo)
10/06/2025
NYSTUEN 20-17-8-5-4H (Alamo)
7/16/2025
1. As of 11/11/25, these positions have been fully placed. The derivatives contracts are comprised of approximately 94% swap contracts and 6% put contracts. The hedged value is the product of the number of outstanding contracts and the weighted-average price of the swaps and puts. Additional details are available on the SEC’s website in Phoenix Energy’s Form 10-Q: Quarterly report for quarter ending Sep 30, 2025. Note: “Hedging against risk” refers to swaps and options contracts purchased in the derivatives markets based on Phoenix Energy’s projected reserve assets as of 11/11/25. This hedging strategy covers approximately 75% of the value of the producing assets over a three-year period. It is important to note that hedging does not directly mitigate investor risk.
1. As of 11/11/25, these positions have been fully placed. The derivatives contracts are comprised of approximately 94% swap contracts and 6% put contracts. The hedged value is the product of the number of outstanding contracts and the weighted-average price of the swaps and puts. Additional details are available on the SEC’s website in Phoenix Energy’s Form 10-Q: Quarterly report for quarter ending Sep 30, 2025. Note: “Hedging against risk” refers to swaps and options contracts purchased in the derivatives markets based on Phoenix Energy’s projected reserve assets as of 11/11/25. This hedging strategy covers approximately 75% of the value of the producing assets over a three-year period. It is important to note that hedging does not directly mitigate investor risk.
Learn about our business, the oil & gas industry, and our bond offerings through an engaging 1-hour presentation.
Register For A Bond Webinar
Previous Record: 3.8K ft/day
Previous Record: 6.52 days
Redefining Efficiency in the Bakken
Phoenix Operating’s drilling program, launched in September 2023, focuses on Williams and Divide Counties, North Dakota, using 3-mile Bakken laterals to enhance efficiency and reduce surface impact. In 2024, Phoenix set multiple Bakken speed records:
Exact depth is 3,898 ft/day. Feet/day and days to total depth include surface. Total depth of previous record held by Phoenix Operating Company on DANIELE 26-35-2 2H was 25,225′.
Learn about our business, the oil & gas industry, and our bond offerings through an engaging 1-hour presentation.
Register For A Bond Webinar
Production Status
the Best in the Bakken
At Phoenix Energy, we’re redefining operational excellence in the Williston Basin. With record-breaking milestones and cutting-edge innovations, we’re proud to lead the charge in American energy independence.
Drilling Performance in North Dakota & Montana
Mountrail County
SPUD: Oct 2024
Williams/Divide County
SPUD: Feb 2025
Dunn County
SPUD: Dec 2024
Roosevelt County
SPUD: Nov 2024
🏆 NYUSTEN (Alamo): 5 wells
Longest & Fastest 4-mile Well in the Bakken
GOPHER (Noonan): 5 wells
WILLER (Alamo): 6 wells
GOODNIGHT (Alamo): 5 wells
DANIEL FERRARI (Alamo): 5 wells
🏆 AXEL FERRARI (Alamo): 5 wells
Fastest 3-mile Well in the Bakken
JEAN FERRARI (Alamo): 5 wells
YOUNG (Alamo): 5 wells
NATE (Alamo): 5 wells
DANIELE (Alamo): 5 wells
JACOBSON (Alamo): 6 wells
SCADDEN SOUTH (Shogun): 1 well
PLADSON NORTH (Stanley): 3 wells
PLADSON SOUTH (Stanley): 2 wells
SAMURAI (Shogun): 4 wells
RONIN (Shogun): 4 wells
MARSHALL (Knife River): 12 wells
SHIVEY (Tioga): 5 wells
1. As of 11/11/25, these positions have been fully placed. The derivatives contracts are comprised of approximately 94% swap contracts and 6% put contracts. The hedged value is the product of the number of outstanding contracts and the weighted-average price of the swaps and puts. Additional details are available on the SEC’s website in Phoenix Energy’s Form 10-Q: Quarterly report for quarter ending Sep 30, 2025. Note: “Hedging against risk” refers to swaps and options contracts purchased in the derivatives markets based on Phoenix Energy’s projected reserve assets as of 11/11/25. This hedging strategy covers approximately 75% of the value of the producing assets over a three-year period. It is important to note that hedging does not directly mitigate investor risk.
1. As of 11/11/25, these positions have been fully placed. The derivatives contracts are comprised of approximately 94% swap contracts and 6% put contracts. The hedged value is the product of the number of outstanding contracts and the weighted-average price of the swaps and puts. Additional details are available on the SEC’s website in Phoenix Energy’s Form 10-Q: Quarterly report for quarter ending Sep 30, 2025. Note: “Hedging against risk” refers to swaps and options contracts purchased in the derivatives markets based on Phoenix Energy’s projected reserve assets as of 11/11/25. This hedging strategy covers approximately 75% of the value of the producing assets over a three-year period. It is important to note that hedging does not directly mitigate investor risk.
