Economics : Rates of Return/ IRR

Showing 3 Results


Horizontal Success in the Castle Peak Zone Corporate Presentation Castle Peak Hz Results Recent Increased Tonnage and 2-mile Hz Programs 70,000 Strong initial production rates: IP 30s of 1,000 boe/d 60,000 (60% increase over current 1-mile type well) Increased tonnage Cum Production (bbl) 50,000 2-mile Hz 40,000 Higher NPVs: Increased tonnage per stage 1-mile well Highly choked for first 90 days. and 2-mile horizontal well 2-3x greater versus type well Current cum above type well 30,000 20,000 Strong economics: Well payouts of 1 year or less at 10,000 50 WTI based on initial results 0 0 30 60 90 Producing Days 1-mile Risked Type Well 1-mile Type Well (Cum) Type Well (1-mile) Castle Peak Zone Crescent Point Energy Castle Peak 50 WTI Castle Peak 55 WTI Reserves IP 30 Rate IP 90 Rate Well Cost (mboe) (boe/d) (boe/d) (M) NPV 10% IRR Payout NPV 10% IRR Payout (M) (%) (months) (M) (%) (months) 380 620 650 5.00 2.2 58 13 3.1 83 11 Well cost and NPV are in USD Choke managed wells to optimize current infrastructure. 8
Crescent Point Energy Corp.
August 2017

Uinta Economics Single Well Economics IRR Sensitivity Reserve Size 120 150 200 MBO MBO MBO Well Cost Economics based on 1.7MM/well 1.9 12% 24% 40% (MM) 1.7 18% 33% 52% 1.5 29% 45% 70% Economics at 50/Bbl Realized Payout for a 150 MBO well at 1.7MM = 30 months Ultra Petroleum Corp. NASDAQ: UPL 27
Ultra Petroleum Corp.
June 2017

Updated Type Well Economics Drilling locations with <40/Bbl break-even prices Wolfcamp Eagle Ford Altamont Average lateral length 8,500 8,500 5,700 N/A Well spacing (acres) 150 150 40 60 80 -160 Distance between wells (feet) 770 770 330 500 IP 30 (Boe/d) 722 639 1,068 408 IP 30 (Bo/d) 534 475 772 335 Gross EUR (MBoe) 750 550 505 500 % Liquids 80% 72% 78% 75% Gross well costs (MM) 4.5 4.4 4.0 4.2 Break-even pricing (/Bbl)1 25.75 38.00 34.75 35.00 Average WI % 100% 97% 85% 70% Average NRI2 75% 73% 63% 59% Gross drilling locations 1,096 1,586 650 918 Assuming 55 (WTI) / 3.00 (HH) Pre-Tax IRR 57% 22% 58% 30% Pre-tax NPV (MM) 4.9 1.5 2.3 2.0 Assuming 65 (WTI) / 3.50 (HH) Pre-Tax IRR 72% 29% 99% 44% Pre-tax NPV (MM) 5.9 2.2 3.6 3.1 1 Break-even oil price (WTI) required to generate a 10 percent pre-tax IRR using latest well costs and 3.00 per MMBtu (HH). 2 Wolfcamp NRI does not include royalty relief according to sliding scale agreement; whereas economics do include royalty relief. 32
EP Energy Corp
June 2017

   Want More Data? SUBSCRIBE
Subscribe and Get immediate Access

Already a subscriber?Log In here