Economics : Type Curve
Showing 3 Results
Greater Dawson Area Overview
Snapshot Development Plan
Maximize throughput to capitalize on strength in natural gas pricing
Improve Parkland/Towers deliverability and profitability with facility optimization
and sour conversion project
2021 Development Focus
Capital Budget Planned Wells Expected Production
238 million 44 wells 92.5 Mboe/day
(58%) (64%) (57%)
375 million to 425 million (1) 69 wells (1) 158 to 165 Mboe/day (1)
Tower
Phase I & II
Gas Plants
Phase III & IV
(1) Denotes corporate total for capital budget, planned wells, and expected production for 2021.
Gas Plants
Parkland
Infrastructure Build-out
Phase I & II Montney Natural Gas Processing Capacity Dawson
Gas Plants Phase IV
Montney Crude Oil & Liquids Processing Capacity Dawson Parkland/
Dawson Parkland/
Dawson Phase I & II
Upgrade
Tower
Phase III Optimization
Tower
Parkland/
Battery
Tower
Upgrade
Phase I
Dawson
Pembina & Enbridge Dawson Phase II
Phase I
TCPL
Parkland-Dawson Interconnect Pipeline
2010 2011 2013 2015 2017 2019 Q2 2020 Q4 2021
Large Integrated Network of Owned-and-operated Infrastructure
Dawson Lower Montney Development
Cumulative Natural Gas Production (MMcf) (1) Estimated Ultimate Recovery (Mboe) Capital Efficiency (/boe/day)
2,400 2,000 12,000
1,800 1,500 9,000
2017
1,200 2018
1,000 6,000
2019
600 2020
500 3,000
0
0 6 12 18 24 0 0
Months on Production 2017 2018 2019 2020 2017 2018 2019 2020
Cumulative Condensate Production (Mbbl) (1) Well Costs ( millions) Finding and Development Costs (/boe)
60 6.0 8
45
4.5 6
2017
30
2018
2019 3.0 4
15
2020
0 1.5 2
0 6 12 18 24
Months on Production
0.0 0
(1) Average production per pad. 2017 2018 2019 2020 2017 2018 2019 2020
Optimized Pad and Well Designs Have Resulted in Improved Capital Efficiency and F&D Costs
02/10/2021 16
Arc Resources Ltd.
February 2021
Cardium Trend
Development Drilling
350
Economic Parameters1
250 mboe Curve
Average DCE&T 2.8mm
300
IP 365 85 bopd 135 boepd
Production Rate, 30 Day Avg (BOEPD)
250 Reserves 156 mbbls 250 mboe
Production Adds 20,740 per boe/d
200 Reserve Adds 11.20 per boe
NPV10 3.2mm
150
P/I 1.1
ROR 62%
100
Payout 1.6 yrs
Operating Netback2 30 / boe
50
Recycle Ratio 2.7X
1) Sproule December 31, 2018 prices
0 2) 70 Edm Lt / LSB
1 2 3 4 5 6 7 8 9 10 11 12
Months
Strong Economics and Significant Undrilled Inventory
20
TORC Oil & Gas Ltd.
December 2019
Average BNE Cardium Full Cycle Economics
Cardium wells are repeatable, predictable and generate strong returns even in a weak
commodity price environment
300
Reserves per well (MBOE) 165
250 IP (12 months) (boe/d) 112
200
BOE/D
150
100
50
0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Month
BNE Type Curve: Full Cycle Price and Capital Sensitivities
WTI USD/bbl 50.12 53.85 57.59 61.32 65.05
BNE Realized Price (1,2) CAD/bbl 55.00 60.00 65.00 70.00 75.00
Full Cycle Capital (3) MC 2,155 2,265 2,265 2,265 2,265
BT Payout Years 2.2 2.0 1.6 1.4 1.2
Rate of Return % 37% 42% 53% 66% 81%
BT NPV10 MC 939 1,140 1,432 1,706 1,971
Capital Efficiency S/boepd 19,250 20,210 20,210 20,210 20,210
Recycle Ratio 1.9 2.0 2.2 2.4 2.4
(1) Realized Oil Price calculated as follows: (WTI Oil Price Differential) x FX rate (Quality Adjustment)
(2) Assumptions: Edmonton light differential: U6.62; FX: 0.747 CAD/US; Quality adjustment C3.25/bbl; BNE Realized Gas 1.88/mcf; BNE Realized Liquids: 50% of realized oil
(3) Drill, Complete, Equip, Tie-In, Facilities
13
Bonterra Energy Corp
November 2019