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Type Curves
Buda Limestone
  Economics : Type Curve

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SOUTH TEXAS: AUSTIN CHALK HIGHER LIQUID CONTENT = HIGHER RETURNS Galvan Ranch C 917H 7,886 Lateral 30-day IP rate 2,084 Boe/d (3-stream) 10,000 Production Rate (MCFD, BPD) 1,000 Galvan Ranch C 917H AC Partial Penetration Producing AC Target waiting on AC Target 2019 drill plan flowback 100 Austin Chalk 625 625 Well shut-in for tubing installation 917 10 7/5/2018 8/5/2018 9/5/2018 10/5/2018 11/5/2018 12/5/2018 1/5/2019 Upper Eagle Ford Production Date Dry Gas Condensate NGL Lower Eagle Ford Buda 550 312.5 312.5 312.5 312.5 15
SM Energy Company
February 2019

Comanche Eagle Ford Stacked Development Stacked Development Target Strategy Austin Chalk Upper EF A Upper EF C Lower EF A 600 Lower EF B 600 BUDA Lower Eagle Ford A and B CUM BOE DE-Risked LEF Stacked Development SN LEF Stacked Development LEF A SN Upper Development LEF B Cum BOE Turned Online 2017 Targeting Activity Drilled (Acquired DUCs) Lower Eagle Ford A 38 4 Lower Eagle Ford B 20 75 BOE Producing Days 10 2017 Sanchez Energy Corporation
Sanchez Energy Corp
December 2017

Upper Lower Eagle Ford (ULEF) McMullen/Atascosa/Live Oak (McMullen Area) Inventory Lower Eagle Ford Spacing Tests Locations (gross) 61 Average lateral length 5,911 Type Log (3) Proven tighter Reserves Proven tighter spacing test spacing test Oil EUR 220,533 Wet Gas EUR 1,027,414 IP30 (oil) 295 McMullen Live IP30 (wet gas) 1,379 Oak ASTN NGL Yield (bbls/mmcf) 93 EUR bo/foot 37 EUR boe/foot 66 Gas shrink 33% UEGFD 2.5 miles N Pricing Oil diff to WTI (0.75) LEGFD Lower Eagle Ford spacing Gas transportation (1.10) NGL % WTI 30% 3UH Libersat EFS 1H Libersat EFS 3UH 40 Expenses 275 Libersat EFS 2H 40 Cap ex 4,500,000 6000 1H Fixed LOE (50 bopd) 5,200 550 2H Fixed LOE (<50 bopd) 3,200 Variable LOE/net boe 0.60 BUDA 275 275 Taxes 6.50% (1) Based on internal Company estimates as at 7 March 2017 (2) See map on Slide 7 for operator list and legend (3) UEGFD upper lower Eagle Ford (ULEF) and LEGFD lower upper Eagle Ford (LLEF) 20
Sundance Energy Inc
March 2017
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