A Leading Eagle Ford Shale Operator Locations Area County Acres YE 2013(1) Operational Excellence Fasken Lower Eagle Ford Webb 8,302 58 Current drill & complete design delivers exceptional AWP EF Oil McMullen 15,987 133…
Swift Energy Eagle Ford History 30,000 Average Net Production (Boe/d) 28,295 175 Cumulative Wells Drilled 146 24,000 140 129 18,000 17,497 105 89 14,180 70 12,000 43 7,346 35 6,000 14 1,294 0 0 2010 2011 2012 2013 2014 2010…
Demonstrated Operational Excellence Average Proppant/Stage (Lbs/Lateral ft) Average Completion Well Cost (MM) Average Frac Stages 1,500 6.0 5.3 1,240 4.8 1,250 5.0 4.2 4.0 970 20 1,000 880 4.0 790 750 18 3.0 16 15 2.0…
Current Drill & Complete Design Improving Results Average Cumulative 90 Day Production at Fasken 1,500,000 1,250,000 1,000,000 Mcf Enhanced Design(1) 750,000 500,000 Original Design 250,000 0 0 15 30 45 60 75 90 Days on…
Importance of Geo-Steering & Longer Laterals As Drilled Ideal Plan Top of Lower EF Target Zone Buda PCQ EF 3H Drilling Lateral Well Path Length (ft) Stages Out of PCQ EF 3H 3,300 10 zone PCQ EF 7H In zone 6,400 19 PCQ EF…
Benefits of Current Engineered Frac Design & Lateral Length Open hole logging of laterals Geometric Frac Identifies optimal frac gradient and brittle zones Allows optimal grouping and perforating of frac intervals Enhanced…
Fasken Lower Eagle Ford Fasken Lower Eagle Ford Overview Dimmit La Salle Net Acres: 8,302 Fasken B EF 2H Avg IP: 10.4 MMcf/d Well Spacing: 114 acres or 660 Fasken BD EF 14H Avg IP: 20.6 MMcf/d Fasken B EF 7H Remaining Locations at YE…
Fasken Outstanding Reservoir Rock Porosity Total Organic Content Thickness Favorable rock property combination yields: 15 - 23 MM/D IP 10 - 15 Bcf EUR 10
Fasken Economics: Exceptional Returns 75% IRR Competitive with Major U.S. Oil Plays(1) 61% 58% 60% 46% 45% 41% 38% 35% 30% 30% 26% 15% 0% SFY Fasken Utica Wolfcamp Eagle Ford Middle Wattenberg PRB: Frontier TMS Condensate…
Swift Energy - Partner of Choice Saka Energi Indonesia participates in development of approximately 8,300 acres in Fasken Saka paid 175 MM in total cash consideration for 36% full participating interest, effective January 1, 2014…
Doubling Fasken Capacity to Accommodate Growth Energy Transfer Fasken +85 MMcf/d (Est. early 15) (1) Graphics are for presentation purposes only and do not depict all relevant information. 14
Well Positioned for Future LNG Export Market(1) 1 10 Top 20(2) 20 Swift 1Q 2015 Energy Top 25(2) Rank GOAL Ranked Based on 30 31 2Q 2014 91,297 Mcf/d 40 50 2013 2014 2015 (1) Texas is the 1 natural gas…
AWP Eagle Ford Oil Overview AWP Eagle Ford Oil Overview SMR EF 11H Net Acres: 15,984 PCQ EF 14H Avg IP: 1,608 Boe/d Avg IP: 1,302 Boe/d Well Spacing: 50 Acres or 440 SMR EF 10H Remaining Locations at YE 2013: 133(1) PCQ EF 15H Avg IP:…
AWP Eagle Ford Oil Delivering Strong Results Model Assumptions(1) IRR Sensitivity (D&C & EUR)(1) Original Enhanced EUR MBOE Lateral Length 5,152 ft 6,244 ft 350 400 450 500 D&C Cost 9.0MM 7.1MM 6.5 51% 78% 114% 164% D&C (MM)…
Lake Washington Lake Washington Development Stabilized production stream and cash flows Numerous opportunities throughout field for low- cost, high-return projects Mississippi Recompletions & Workovers Enhancements Sour crude oil…
Central Louisiana 2Q14 Mineral Production Acres Acres (Boe/d) Development Hz Austin Chalk B Burr Ferry 140,000 65,000 1,031 Hz Lower Wilcox Austin Chalk B Masters Creek 48,000 --- 176 Austin Chalk A Saratoga Chalk South…
Pro Forma Capitalization in Millions in Millions in Millions Dec. 31, 2013 June 30, 2014 June 30, 2014 Actual Actual Pro-Forma(1) Cash 3 0% 1 0% 1 0% Bank Borrowings 265 12% 301 13% 154 7% 71/8% Sr Notes due 2017 250 12% 250 11%…
Acreage of Choice, Operator of Choice Premier acreage position provides foundation for profitable development projects Extensive proved acreage position Excellent results across Eagle Ford portfolio Significant running room within…