Economics : Rates of Return/ IRR

Showing 3 Results


Tupper Montney Highlights Top Tier North American Dry Natural Gas Play Henry Hub Dry Natural Gas Break-Even Prices, /MCF 6.00 Operated Well Delivery 5 Wells Online FY 2018 3 Upper Montney, 2 Middle 5.00 Montney, Avg EUR 18 BCF 4.00 Drilled 4 Consecutive Pacesetter Wells 1Q 18 83 Drilling Cost per Foot, 384/CLAT 3.00 1Q 18 Netback C2.20/MCF* vs AECO C2.08/MCF Eagle Ford Gas Tier 1 SW Marcellus Tier 1 SW Marcellus Tier 2 NE Marcellus Tier 1 NE Marcellus Tier 2 Full Cycle Break-Even C1.90/MCF AECO Fayetteville Core 2.00 Terryville / N LA Murphy Tupper Cana Lean Gas Cana Lean Gas Barnett Rich Expansion Project Progressing FEED for 2018 Sanction Haynesville Utica Wet OH Utica Piceance Pinedale PA Utica 1.00 Break-Even C1.75/MCF AECO Over 25% IRR at April 19 AECO Strip Price 0.00 *Including Transportation Costs of C0.27/MCF Source: Tudor, Pickering, Holt & Co. Mitigating AECO Exposure 2018 Montney Natural Gas Sales 2017 Realized & 2018 2020 Forward Sales Price, C/MCF 3.00 2.50 AECO 2.00 40% 24% Hedged Malin 1.50 Emerson 1.00 8% Chicago 0.50 3% 9% Dawn 0.00 16% Oct 2016 Apr 2017 Nov 2017 May 2018 Dec 2018 Jul 2019 Jan 2020 Aug 2020 Feb 2021 AECO Murphy Sales Price As of June 1, 2018 MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 13
Murphy Oil Corp
June 2018

Haynesville type curve comparison Comparative type curve statistics Cumulative production normalized to 7,500(3) Tellurian Peer A Peer B Peer C Peer D Bcf 6.0 Type curve detail Peer D NLA core / NLA Peer B De Soto / North blended Area De Soto De Soto 5.0 Peer A Red River Louisiana development Tellurian core program Peer C Completion (lbs. / ft.) - 4,000 3,800 2,700 3,000 4.0 Single well stats Lateral length (ft.) 6,950' 7,500' 7,500' 4,500' 9,800' 3.0 Gross EUR (Bcf) 15.5 18.8 18.6 9.9 19.9 EUR per 1,000' ft. (Bcf) 2.20 2.50 2.48 2.20 2.03 2.0 Gross D&C ( millions) 10.20 10.20 8.50 7.70 10.30 F&D (/mcf)(1) 0.88 0.73 0.61 1.04 0.69 1.0 Type curve economics Before-tax IRR (%)(2) 43% 60% 90%+ 54% - 0.0 0 30 60 90 120 150 180 210 240 270 300 Days Source: Company investor presentations. Notes: (1) Assumes 75.00% net revenue interest (NRI) (8/8ths). (3) 7,500 estimated ultimate recovery (EUR) = original lateral length EUR + ((7,500-original lateral length) * 0.75 * (original lateral length EUR / original (2) Assumes gas prices of 3.00/mcf based on NRI and returns published specific to each operator. lateral length)). 35 Additional detail
Tellurian Inc.
June 2018

Breakeven HHub Price (/mcfe) at 30% 0.00 1.00 2.00 3.00 4.00 5.00 6.00 Montney - Nest 2 Montney - Attachie Eagle Ford Wet Tier 1 VII Montney - Doe US Play Montney Montney - Dawson Montney - Gundy NE Marcellus Dry Tier 1 Montney - Bilbo Montney - Sunrise Alpine High Source: TPH Canada equity research November 2017 Montney - Sundown Montney - Groundbirch Montney - Elmworth SCOOP Woodford Wet Gas / Condy Montney - Gordondale Montney - Glacier Montney - Townsend Montney - Nest 1 Montney - Blair Montney - Pouce Coupe SW Marcellus Dry Tier 1 Terryville / N LA Assumes: US50/bbl WTI, (0.95USD/MMbtu) AECO basis, 0.79 USD/CAD for 30% after tax IRR Montney - West Septimus Eagle Ford Dry Gas Tier 1 TOP TIER LIQUIDS RICH MONTNEY ASSETS Montney - Parkland NE Marcellus Dry Tier 2 OH Utica Dry Haynesville PA Utica Dry SW Marcellus Dry Tier 2 North American Natural Gas Supply Cost Marcellus Wet Montney - Gold Creek gas Eagle Ford Wet Tier 2 Montney - Septimus Among the lowest supply cost natural gas in North America Barnett Rich Utica Wet Meramec Wet Gas Pinedale Fayetteville Core / Moorefield Piceance Cana Wet Gas Cana Lean Gas SCOOP Sycamore Wet Gas Utica Condensate 8
Seven Generations Energy Ltd
June 2018

   Want More Data?
Subscribe and Get immediate Access

Already a subscriber?Log In here