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Rates Of Return
Delaware Basin
  Economics : Rates of Return/ IRR

Showing 3 Results


Permian Performance Delivers Returns Well Above Premium Wolfcamp Average 6 Mo. Cumulative Production (Boe/ft) Wolfcamp Average 6 Mo. Cumulative Production (Boe/ft) 34 36+ 33 34 Gas NGL 23 Oil 11 2021 2022 2023E Completed Wells by Target Wolfcamp Combo Wolfcamp M 2022 Performance is Significantly Higher Than Cumulative Production Required to Meet Premium Hurdle Rate Wolfcamp Oil (1) Direct ATROR calculated using flat commodity prices of 40 WTI oil and 2.50 Henry Hub natural gas. (2) Direct ATROR calculated using flat commodity prices of 80 WTI oil and 3.50 Henry Hub natural gas. 3Q 2023 13
EOG Resources, Inc.
November 2023

2023 Delaware Development Plan 3-4 rig program Gaining efficiencies through larger projects Avg. size increases 65% to 10 wells Simultaneous D&C decreasing cycle times Target three primary formations Wolfcamp A, B & C Organic inventory expansion De-risking 3rd Bone Spring Shale and Lower Wolfcamp C 2023E Avg. Lat. Payout1,2 TILs IRR1 Length (in yrs) Delaware East 7,471 23 75% 1.3 Delaware South 9,342 13 57% 1.8 Delaware West 8,244 27 75% 1.3 1. Assumes price deck of 80/Bbl and 3.25/MMBtu 2. Time needed for the nominal undiscounted cash flow to return the initial DC&E capital expenditures 2023 Callon Investor Presentation 20
Callon Petroleum Co.
February 2023

High-Graded Delaware Inventory Delivers Solid Returns Inventory assumes 10-12 wells per section 5-7 Years of Inventory at Current Pace Dependent on of parent wells per section 200 Inventory DUCs Avg lateral length of 9,000 Focused primarily on WCA and WCB 150 Potential for organic inventory expansion 100 Increasing SRLs to XRLs through acreage trades Cost effective joint ventures 50 Increased density per bench (as result of increased prices) 0 YE20 Inventory 2021 - 2023 Spuds 2021 - 2023 TILs YE23 Inventory YE20 SEC proved reserves of 87 MMBoe 53% proved developed Area YE20 Inventory 2021e-2023e TILs EUR % Oil IRR PV10 Payback (incl. DUCs) (MBoe) (millions) (years) Block 4 70 35 1,594 56% 57% 6.5 3.0 N. Central 65 20 1,383 40% 25% 2.2 3.6 Total 135 55 1,473 47% 38% 4.1 3.3 Weighted-average undiscounted economics assume flat pricing of 45/Bbl WTI, 2.50/Mcf NYMEX natural gas and NGL realizations of 12/Bbl. June 2021 27
PDC Energy, Inc.
June 2021
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