Skip to main content
Break Even
Fort Worth Basin
  Economics : Break-Even

Showing 3 Results


WildHorse Returns Rival the Premier Basins Break-even prices based on before tax half-cycle IRRs of 30% Oil Breakevens by Play 79.20 / Bbl 76.81 70.64 80.00 62.86 60.89 60.77 57.49 55.50 53.13 51.88 50.40 50.00 49.69 49.20 60.00 48.23 48.19 48.04 47.60 46.70 45.83 44.81 44.70 43.46 43.22 42.69 40.79 36.02 40.00 20.00 0.00 Gas Breakevens by Play / MMBtu 5.41 5.34 6.00 4.53 4.45 4.41 3.95 3.84 3.83 3.81 3.69 3.67 4.50 3.66 3.65 3.59 3.57 3.54 3.27 3.23 3.21 3.14 2.87 2.47 2.45 3.00 1.50 0.00 Note: Break-evens per Wall Street Research based on strip pricing as of 9/1/16. Break-even prices based on before tax half-cycle IRRs of 30%. IRRs elsewhere in presentation based on Consensus Pricing as of 11/15/2016. See slides 16 and 27 for more information on WildHorse IRR calculations at consensus pricing. 1. Midland Basin Lower Spraberry comprised of Core Midland Lower Spraberry, Western Glasscock Lower Spraberry, Howard County Lower Spraberry. 2. Wolfcamp A&B comprised of Core Midland Wolfcamp A&B, Western Glasscock Wolfcamp A&B, Howard County Wolfcamp A&B, Midland East Glassock Wolfcamp A&B. 8 3. Stack Meramec comprised of STACK Meramec Normal-Pressured Oil, STACK Meramec Over-Pressured Oil. 4. Delaware Basin comprised of Delaware Basin Loving Wolfcamp A, Delaware Basin Reeves Wolfcamp A, Delaware Basin NM Avalon/Leonard.
WildHorse Resource Development
April 2017

Provides Some of the Best Industry Returns Select single well IRRs per equity research 75% NFX IRRs1 50% 60% 48% 45% 42% 37% 35% 34% 33% 32% 27% 27% 24% 21% 16% 12% 11% 6% 5% 4% Marcellus Piceance Utica Granite Spraberry Haynesville Miss Lime Wolfcamp Eagle Ford Fayetteville Three Forks Bone Spring Powder Uinta Hz Avalon / Meramec Wattenberg SCOOP Oil Leonard Bakken Wash 2nd & 3rd Black Oil River STACK Lower Bakken A&B Source: Wall Street research as of September 1, 2016. Based on strip pricing from 2016 2020+ of 43/50/53/54/56 and 2.39/3.17/3.04/3.01/3.06. 1 Newfield returns based on oil pricing of 55.00,60.00,65.00 and flat thereafter
Newfield Exploration Co.
November 2016

Delaware Basin: Accelerating Multi-Billion Barrel Oil Play 580,000 GROSS ACRES IN HEART OF THE PLAY DELINEATING 40% 5-Year Oil Production CAGR 8,500-FOOT STACK Expect to Surpass 130,000 BOPD by 2021 NEW MEXICO TEXAS Enhancing Margins and Returns LOVING Achieved Approaching 1 MMBOE EUR per Well: 60% Oil 24 Hour IPs*: Driving Well Costs to <5 Million per SLE AVALON A & B Break-Even BTAX PV-10 <35/Bbl* CULBERSON WINKLER 1,450 BOE/d TO TAL THI CKNESS 8 , 5 0 0 Optimizing Targeting, Spacing and Completions Z O N E S Average Cost for Basin Position 500/Acre 2ND BONE WARD SPRING 2,050 BOE/d Largest Midstream Presence in Basin D - 10 MILES WES to Lever APC and Third-Party Volumes U R E REEVES Rapidly Expanding Infrastructure Including Water S Top-Tier Acreage S Defined by Over-Pressure, P R E UPPER Porosity and Organic Content WOLFCAMP 4,000 BOE/d O V E R Y EA R -END 2016E WES/ A PC INFR A STR UC TUR E APC Acreage Gas Gathering Oil Gathering LOWER WOLFCAMP GAS GATHERING PIPELINES 1,000 Miles WES/APC Production Facility WES/APC Processing Plant Testing OIL GATHERING PIPELINES 150 Miles PROCESSING CAPACITY 1,025 MMcf/d Potential per Section Development COMPRESSION 190,000+ HP WATER GATHERING PIPELINES 100+ Miles * Assumes 4,500 SLE * New Drill, BTAX PV-10, assuming 2.30/Mcf w w w. a n a d a r k o . c o m N Y S E : A P C A N A D A R K O P E T R O L E U M C O R P O R A T I O N 7
Anadarko Petroleum Corp
September 2016
   Want More Data?
Subscribe and Get immediate Access

Already a subscriber?Log In here