Economics : Rates of Return/ IRR
Showing 3 Results
PEYTOS FUTURE UNDRILLED INVENTORY(1)
Booked Inventory (Volume weighted) Average IRR by Species (3-year plan)
3.00/GJ and US70/bbl WTI
6%
25% 120% 109% 105%
Cardium
100%
24% Dunvegan
83%
80%
Notikewin 60%
60% 52%
Falher
9% 40%
Wilrich
Bluesky Bullhead 20%
19% 0%
17%
Notikewin Dunvegan Wilrich Falher Cardium
Attributes 2.00/GJ 3.00/GJ 4.00/GJ
BTAX BTAX BTAX
EUR DCT IP365 Payout Payout Payout
Species NPV10 IRR (%) NPV10 IRR (%) NPV10 IRR (%)
(bcf) (MM) (boe/d) (years) (years) (years)
(MM) (MM) (MM)
Cardium 1.3 3.6 240 1.1 29% 2.4 2.1 52% 1.7 2.7 68% 1.4
Dunvegan 5.8 4.5 530 4.2 53% 1.7 7.2 105% 1.1 9.7 162% 0.9
Notikewin 4.9 4.6 645 3.2 47% 1.8 6.3 109% 1.0 8.9 188% 0.8
Falher 4.1 4.7 480 2.0 28% 2.8 4.5 60% 1.5 6.5 99% 1.1
Wilrich 5.7 5.5 640 3.6 39% 2.1 7.0 83% 1.3 10.0 136% 0.9
(1) See Advisory Drilling Locations
Flat price decks US70 WTI Over 1,600 booked locations across the cretaceous
Economics were run on internal type curves for each species across areas where Peyto is actively drilling and then stack resulting in a 2P reserve life of 28 years. Peyto
averaged by species
sees over 1,800 additional internal locations(1) 19
Peyto Exploration & Development Corp
April 2025
WELL ECONOMICS
APPENDIX
Strong returns across areas despite pressure in the current commodity price environment
HALF CYCLE RESERVE
TYPE CURVE ECONOMICS PEACE RIVER WILLESDEN GREEN VIKING
Formation Bluesky1 Clearwater2 Cardium2 W. Viking (Esther)2
Well Length 11 legs 8 legs 2.0 mile 1.5 mile
DCET3 Capex 3.3 million 2.3 million 5.0 million 2.2 million
EUR 282 Mboe 204 Mboe 354 Mboe 101 Mboe
Total IP365 184 boe/d 180 boe/d 274 boe/d 109 boe/d
NPV Btax 10% 3.6 million 1.7 million 4.4 million 1.3 million
IRR 89% 91% 95% 66%
Payout 1.2 years 1.1 years 1.1 years 1.3 years
F&D 11.71/boe 11.37/boe 14.24/boe 21.44/boe
Capital efficiency (12-month) 17,939 boe/d 12,839 boe/d 18,410 boe/d 20,051 boe/d
1 Bluesky economics are based on internal estimates for the Harmon Valley South field.
2 Type curves are derived using two years (or remaining inventory) of type well and input parameters provided by our Independent, Qualified Reserve Evaluator.
3 DCET includes construction costs.
* Price assumptions: US75/bbl WTI, US15.00/bbl WCS, US3.50/bbl MSW,2.50/GJ AECO and FX of 1.35 CAD/USD.
TSX:/NYSE American: OBE
February 2025 CORPORATE PRESENTATION 28
Obsidian Energy Ltd.
February 2025
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