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

Showing 3 Results


Industry Leading Inventory Additions Nov. 25 Added Locations1 Added 3,200 Locations since 2023 NuVista Energy Alberta Montney 930 1.3 MM/loc Nov. 24 Montney Paramounts Alberta Montney Assets 900 <1.0 MM/loc April 23 EnCaps Midland Basin Assets 1,050 2.0 MM/loc Permian 23 25 Permian & Montney Ground Game 350 85% Permian <1.5 MM/loc 5 1) Net 10k locations. Includes Premium locations, which reflect 35% IRR at 55/bbl WTI and 2.75/MMBtu NYMEX, and upside locations.
Ovintiv Inc
February 2026

2023 Midland Development Plan 1-2 rig program Gaining efficiencies through larger projects Avg. size increases 16% to 9 wells Simultaneous D&C decreasing cycle times Target three primary formations Lower Spraberry & Wolfcamp A & B Howard Organic inventory expansion De-risking additional locations in the Middle Spraberry 2023E Avg. Lat. Payout1,2 TILs IRR1 Length (in yrs) Monarch 7,029 14 62% 1.6 Wildhorse 9,852 20 71% 1.4 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 21
Callon Petroleum Co.
February 2023

MIDLAND BASIN FOCUSED ON EXECUTION, WELL PERFORMANCE AND CAPITAL EFFICIENCY 2 0 2 2 O P E R AT I N G P L A N 2 0 2 2 P L A N D E TA I L S HOWARD 2022 net wells: drill 55 complete 40 1Q22: drilled 14 completed 5 2Q22: drill 15 complete 8 RockStar 12,360 expected average lateral feet per well ANDREWS MARTIN 38% Boe PDP decline expected (YE21 - YE22) BEST IN CLASS WELL PERFORMANCE New completion design expected to drive higher EUR and NAV per well 2022-2023 drilling program expected breakeven flat pricing of 16 - 45/Bbl NYMEX(1) 2022 completion designs expected to utilize average fluid loading of 60 Bbls/ft and 2,800 lbs/ft sand ECTOR GLASSCOCK (2) O P E R AT I N G D E TA I L S Sweetie Peck Rigs Running: Completion Crews: 82,000 MIDLAND NET ACRES UPTON REAGAN (1) Breakeven 10% IRR assumes natural gas at 2.50/Mcf and 43% NGL to WTI pricing, as of February 22, 2022. (2) 2022 expected average. 11
SM Energy Company
June 2022
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