Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

  Economics : Break-Even

Showing 3 Results

Magnolia Oil & Gas Overview High-quality, low-risk pure-play South Texas operator with a core 460,000 Net Acre Position Targeting Two of the Top Eagle Ford and Austin Chalk position acquired at an attractive entry Oil Plays in the U.S. multiple Significant scale and PDP base generates material free cash flow, Giddings Field reduces development risk, and increases optionality Asset Overview: 23,500 net acres in a well-delineated, low-risk position in the core of Karnes County, representing some of the most prolific acreage in the United States with industry leading break-evens 440,000 net acres in the Giddings area, a re-emerging oil play with significant upside and what we believe to be substantial inventory Karnes County Both assets expected to remain self funding and within cash flow Gonzales Wilson Market Statistics Dewitt Trading Symbol (NYSE) MGY Share Price as of 5/3/2021 11.42 Common Shares Outstanding (1) 243 million Market Capitalization 2.8 billion Source: IHS Performance Evaluator. Long-term Debt Principal 400 million Industry Leading Breakevens (/Bbl WTI) Cash as of 3/31/2021 178 million 45 38 39 39 Total Enterprise Value 3.0 billion 32 34 35 28 Operating Statistics Karnes Giddings Total Net Acreage 23,512 436,585 460,097 Karnes Austin Karnes Lower Midland Delaware DJ Basin Eagle Ford STACK Bakken 1Q21 Net Production (Mboe/d) (2) 27.7 34.6 62.3 Chalk Eagle Ford Source: RSEG. (1) Common Stock outstanding includes Class A and Class B Stock. (2) Giddings Includes other production not located in the Giddings Field. 10
Magnolia Oil & Gas
May 2021

FORT BERTHOLD WELL PERFORMANCE Maintaining strong well performance at lower cost Enerplus Fort Berthold Well Performance WELL ECONOMICS(1) Cumulative oil production per well (Mbbl) WTI Oil Price 50/bbl 60/bbl Payout: 1.8 yrs 1.1 yrs 500 IRR: 45% 95% Breakeven (10% IRR): 38/bbl WTI 400 300 Total Well Costs (USMM)(2) 8.1 200 6.4 100 1.7 MILLION WELL COST - REDUCTION 0 100 200 300 400 500 600 Producing days 2017 2020 YTD 2017 wells 2018 wells 2019 wells 2020 wells 2017 Avg 2018 Avg 2019 Avg 2020 Avg 1) Well economics are based on the average 2P reserves booked per undeveloped location for a 2-mile lateral (730 mboe) and a total well cost of US6.4MM. 14 2) Well cost for a 2-mile lateral including drill, complete, tie-in and facilities costs.
Enerplus Corp
November 2020

GULF OF MEXICO: WHY NOW Attractive Economics Deepwater Gulf Of Mexico Competes Favorably With The Best Onshore US Plays 100 Deepwater GoM Half Cycle Breakeven / bb (WTI to Henry Hub 20:1) Breakeven 80 <30/bbl WTI 60 40 20 0 Barnett Utica Marcellus SCOOP Bakken-US Haynesville Eagle Ford Delaware Midland GOM STACK Deepwater Source: RSEG Note: Half cycle breakeven includes drilling, completion and tie-in costs (excludes G&A, land acquisition costs, financing costs) Capital Markets Presentation February 25, 2019 22
Kosmos Energy
February 2020

   Want More Data?
Subscribe and Get immediate Access

Already a subscriber?Log In here