Economics : Type Curve

Showing 3 Results


Initial Enhanced Completion Results Increased proppant concentration and modified pump schedule Enhanced Completion Outperformance Low GOR Proppant Variation Results 22,000 21,000 20,000 19,000 18,000 17,000 16,000 Initial Windsor Test Cumulative Oil per Foot (Bbl/ft) 15,000 2,000 lb/ft 14,000 Cumulative Oil, Bbl Initial 13,000 Windsor Test +115% Standard 12,000 Area 11,000 +20% EUR Type Utilized for Curve 10,000 2017 Guidance 9,000 8,000 NPV-10 7,000 +45% Uplift(1) 6,000 +20% EUR 1.2x 5,000 +30% EUR 1.5x 4,000 +40% EUR 1.8x 3,000 2,000 +50% EUR 2.1x 1,000 0 0 5 10 15 20 25 30 35 0 5 10 15 20 25 30 35 Production Month Production Month Avg 750-1,000 ppf lb/ft Avg 1,000-1,500 lb/ft ppf Avg 2,000 ppf lb/ft Note: Guidance is modeled using +20% enhanced curve on Niobrara enhanced completions. (1) Includes higher CAPEX associated w/enhanced completions. 13
Extraction Oil and Gas
February 2017

POWDER RIVER BASIN SUSSEX PRODUCTION ACCELERATION Moving to development Active in 2017 drilling 15 25 wells with 15 25 TILs including 3 DUCs Teapot Best Sussex in the PRB Parkman 150+ locations E, A, B/C & Deep Assumes 1,320' spacing Surrey 3Q 2017 Sussex 1st production from multi-well pads Niobrara Turner 8,100' Frontier Extended lateral program Mowry Average length in 2017 (2) <40/bbl Breakeven (1) IHS data (2) PV10 positive breakeven price assuming 3 gas price and 60 oil price HOWARD WEIL ENERGY CONFERENCE 6
Chesapeake Energy Corp
March 2017

Niobrara Formation Type Curve Economics Type Curve Core/Tier 1 Total Well Cost 2.2 MM Gross 289 Mboe EUR Oil Only 217 Mbo Net 243 Mboe F&D Cost 9.05 / Boe IRR 146% 75 Oil NPV 3.2 MM IRR 103% IRR 65 Oil NPV 2.3 MM & IRR 46% NPV (1) 55 Oil NPV 1.4 MM IRR 21% 45 Oil NPV 0.6 MM NYMEX NPV10 Breakeven 39.25 (1) Economics based on NYMEX prices and include Daily Production, BOPD Cum Production, MBO 2/Bbl deduct for oil, 3.00/Mcf NYMEX gas, NGL pricing 19% of NYMEX oil price. (2) Total well cost includes 315K for allocated infrastructure and artificial lift. 24 CRZO
Carrizo Oil & Gas Inc.
March 2017

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