Economics : Break-Even
Showing 3 Results
East Division (Central Alberta)
Recent Glauconite and Cardium results
outperforming
Utilize owned infrastructure to maximize
Free Funds Flow
Waterflood efforts proving successful
Southern Alberta Glauconite West Pembina Cardium
DCE&T costs (MM) 7.0 DCE&T costs (MM) 4.2
P+P Reserves (Mboe) 864 (48% liquids) P+P Reserves (Mboe) 365 (89% liquids)
IP90 (boe/d) 756 (57% liquids) IP90 (boe/d) 238 (87% liquids)
US/bbl / C/GJ 75 / 3.50 50 / 3.00 US/bbl / C/GJ 75 / 3.50 50 / 3.00
Payout (yrs.) 0.8 1.4 Payout (yrs.) 1.0 1.3
P/I 1.6 0.9 P/I 2.2 1.4
IRR 160% 70% IRR 124% 79%
NPV (10% disc.) (MM) 10.9 6.4 NPV (10% disc.) (MM) 9.0 5.8
Refer to slide Notes and Advisories.
14
Whitecap Resources Inc.
October 2023
Viking Light Oil Leading Low Cost Oil Play
US WTI Half-Cycle Oil Breakeven(1)
Viking Hz. Dodsland 36.11
Cardium Pembina West ERH 36.25
Eagle Ford Oil East (Top Q) 38.78
Bone Spring (Top Q) 39.34
Spraberry Hz (Top Q) 39.75
MONTNEY
Montney Tower 40.73
Wolfcamp Delaware (Top Q) 40.74
Mississippian Hz. 41.20
Bakken Hz (<1,700m) 41.41
North Dakota Three Forks 41.94
900k gross / North Dakota Bakken (Top Q) 41.98
825k net acres Wolfcamp Midland (Top Q) 42.85
Shaunavon Lower Hz. 43.84
Viking Hz. Alberta 44.01
100% Saskatchewan
Eagle Ford Oil West (Top Q) 44.62
Bone Spring 46.56
CARDIUM
VIKING Cardium Hz. Pembina East 46.80
Lloydminster Hz. 48.00
Wolfcamp Delaware 48.09
Montney Ante Creek Hz. 48.10
Eagle Ford Oil East 50.14
Spraberry Hz 52.08
VIEWFIELD North Dakota Bakken 57.07
BAKKEN Wolfcamp Midland 59.65
SHAUNAVON Eagle Ford Oil West 60.59
ALBERTA MISSISSIPPIAN
BAKKEN North Dakota Three Forks 63.48
1. Peters & Co. Limited Research. 10% discount rate, C3.25/mcf AECO, US3.45/mcf NYMEX.
10
Teine Energy
September 2016
CanacolGas Ranks 1
Midcycle break even costs 50/bbl WTI, 2.75/Mcf
/bbl
Mckenzie/Williams Three Forks oil 65
Williams County Bakken oil 63
Permian Delaware Basin Bone Spring oil 59 Captured 40% of all E&P capital
Permian Midland Basin Wolfcamp (shallow) oil 58 invested from 09 to present
Tuscaloosa Marine Shale oil 56
McKenzie County Bakken oil 55
SCOOP Woodford oil
52
54
N.A. shale oil and gas now
Eagle Ford Black oil
largely uneconomic
STACK Maramec / Woodford Oil 50
Ft. Berthold Bakken / Three Forks oil 47
Permian Delaware Basin Wolfcamp (tier 1) oil 44
Permian Midland Basin Wolfcamp (deep) oil 43 Enter Canacol
42
Ferguson Bakken/Exshaw oil Breakeven < 5.00/boe
Sanish and Parshall Bakken oil 41
E. Pembina Cardium oil 39
Gordondale Motney oil 38
Tower Motney oil 36
SE SK Viewfield Bakken oil 36
Karnes Trough Eagle Ford condensate 32 Canacolgas
< 5.00/boe
Source: Scotia Capital Playbook, October 2015
Barclays North American E&P research
7
Canacol Energy Ltd.
September 2016