Resolute overview Market capitalization1 627.3 million Picture goes here SEC PV10 2 1.14 billion Long term debt3 170 million Shares outstanding 60.9 million Debt to total market cap 21.3% SEC case proved reserves2 65 MMBoe Oil…
Why invest in Resolute Oil weighted assets with organic growth potential 90% liquids Producing properties generate strong cash Williston Basin flow 33,000 net acres Shallow decline Big Horn Basin Internally funded capital program…
Property overview Year-end 2011 SEC case1 Proved reserves: 65 MMBoe PV10 1,143 million Reserves to production ratio 22 years (1) See appendix A 2011 proved reserve and production characteristics Proved by area Proved by…
Aneth
Aneth Field overview Year-end 2011 SEC case1 Proved reserves: 56 MMBoe PV10 1,011 million Reserves to production ratio 26 years (1) See appendix A 2011 proved reserve and production characteristics By product By category…
Aneth Field overview Mature, long-lived oil producing field in San Juan County, UT Discovered by Texaco in 1956 Giant oil field - 1.5 BBbl OOIP Production through 2011 of 426 MMBbl (29% recovery) Recovery calculated to be 35% based…
25 years of CO2 response at McElmo Creek Unit McElmo Creek Unit CO2 response 1,000,000 1,000,000.00 100,000 100,000.00 BeganCO Began CO22 Injection injection Jan-85 Jan85 10,000 10,000.00 9
Existing and new CO2 flood projects Resolute CO2 expansions Aneth Unit Phases 1, 2 and 3, started in 2008, showing unit wide response Future CO2 injection Aneth Unit Phase 4 injection to start in 2012 McElmo Creek Unit DC IIC -…
Aneth Unit Phases 1, 2 and 3 68 of 86 producing wells in the project area have 2 shown CO2 production response 2 2 2 Three producing wells in Phase 4 are experiencing a production increase 2 resulting from CO2 injected in…
McElmo Creek Unit Desert Creek IIC McElmo Creek Unit locator map The Desert Creek IIC is a high porosity, high permeability lower subzone of the Desert Creek formation The prolific reservoir was shut-off beginning in the 1970s…
Additional low-risk development Targeting undrilled 40-acre locations and redrill of certain older wells Infill drilling Aneth Unit 3D seismic is available to identify currently unswept areas Three locations on current drilling…
Aneth Field summary Aneth Field refrigeration plant Summary highlights Low risk development projects using industry standard tertiary recovery methods Long-lived asset with shallow 7% decline Potential for 65%+ production growth…
Wyoming
Hilight Field Year-end 2011 SEC case1 Proved reserves: 4 MMBoe PV10 62 million 2011 reflects Asset sales Shut in uneconomic CBM production (1) See appendix A 2011 proved reserve and production characteristics Note:…
Hilight Field data and opportunity Legacy Muddy formation field with 150 T47N MMBoe original oil inR74W place T47N T47N R73W T47N R72W T47N R71W T47N R70W T47N R69W T47N R68W R67W 45,000 acres HBP 161 well logs and…
Hilight Field development opportunities 3-D seismic survey 3D seismic REN Hilight Field 110-square mile 3-D seismic survey over Mowry Hilight production Well control over all prospective formations Industry activity includes Devon,…
Hilight Field - Turner Potential Nearby production (gross volumes)1: IP30 250 - 400 Bopd Estimated EUR range 200 400 MBo (260 530 MBoe) Forward look on development: Preliminary view 12,000 gross acres (11,000 net) Number of drill…
Mowry oil play areas in Wyoming Big Horn and Big Horn Powder River Basins Basin Mowry play Mowry oil play areas (green) ** and Resolute acreage (yellow) Cirque and Plains *** activity ** Powder River Hilight Basin Unit *…
Big Horn Basin Mowry activity and Resolute acreage Resolute Mowry activity 79,000 net acres Big Horn Basin One well recompleted Mowry play Fourteen Mile prospect drilled and Mowry oil play area completed and currently flowing back…
Bakken
Williston Basin Bakken trend 33,000 net acres located in the Bakken trend in Williams and McKenzie counties, North Dakota New Home: 23,500 net acres (operated by GeoResources) Paris: 8,400 net acres (operated) Other: 1,400 net…
Permian Basin
Permian Basin overview 24,000 gross (9,000 net) acres in the Delaware and Midland Basins Proved reserves: 3.5 MMBoe (75% liquid) Wolfberry OTB 12 gross (10 net) producing wells asset 2012 capex: 61 million Plan to drill 27 gross…
Permian Delaware Basin overview 7,885 net acres in Reeves County Type Log GR RES focused on the oil-prone Wolfbone play New Mexico 3rd Bone Spring and Wolfcamp Bone Spring Plan to run two rigs and drill 10.7 9,000 net wells…
Reeves County area potential 22,820 gross acres and 7,885 net acres Offset production IP 140 280 gross Boepd Gas is very rich, 1,300 Btu Forward look on development: Gross well cost 4.1MM Number of drill sites and potential…
Financial Overview
2012 Guidance 2012 Guidance Range Total production (MBoe) 3,250 3,450 Boepd 8,875 9,425 Lease operating expense ( millions) 60.0 65.0 G&A expense ( millions) 14.0 17.0 Production taxes 13.50% 14.50% Lease operating expense (/Boe)…
Strong Balance Sheet Substantial liquidity Four year bank revolver: 330 million reserve-based credit line 170 million drawn as of December 31, 2011 Low leverage Debt to EBITDA: 1.7x Debt to total market cap: 21.3% At September…
Hedging program Downside commodity price protection Oil derivatives in place for 2012 covering aggregate average daily oil volumes of 4,125 Bopd 2,750 Bopd are covered by swaps with an average strike price of 69.40 and the remaining…
Resolute Investor Contacts
Resolute investor contacts HB Juengling Vice President Investor Relations (hbjuenglingresoluteenergy.com) Theodore Gazulis Executive Vice President and Chief Financial Officer (tgazulisresoluteenergy.com) Corporate Headquarters: 1675…
Loading...
