Resolute overview Picture goes here Market capitalization1 824.9 million SEC PV10 net of debt 782.0 million Per share outstanding 12.81 per share Long term debt2 145.5 million Shares outstanding 61.1 million Debt to total market…
Why invest in Resolute Oil weighted assets with organic growth potential 90% liquids Producing properties generate strong cash Williston Basin flow 34,000 net acres Shallow decline Big Horn Basin Internally funded capital program…
Property overview 8,200 Resolute net daily production by quarter 8,000 Year-end 2010 SEC case1 Proved reserves: 65 MMBoe 7,800 PV10 848 million Boe per day 7,600 Year-end 2010 strip case1 Proved reserves: 78 MMBoe 7,400…
Aneth
Aneth Field properties SEC case reserves by product SEC case reserves by category NGL 11% Gas 6% PDP 37% PUD 49% Oil 83% PDNP 14% Aneth Field net daily production 6,000 Year-end 2010 SEC case1 Boe per day 5,500…
Aneth Field a giant legacy property Large field with long production history Discovered in 1956 1.5 billion Bbl original oil in place Production to date of 422 million barrels (28%) Recovery expected to be 34% (base on SEC case,…
Existing and new CO2 flood projects Fully CO2 flooded McElmo Creek Unit - 1985 Aneth Unit pilot - 1998 Increasing CO2 response Aneth Unit Phases 1, 2 and 3 started 2008 Future CO2 injection Aneth Unit Phase 4 (infrastructure…
Aneth Unit Phases 1, 2 and 3 CO2 injection and response 2 2 2 2 2 Key Recognizable CO2 response One mile Cumulative CO2 injection 10
McElmo Creek Unit Desert Creek IIC Eighteeen producers and eleven injectors completed to date Producers average incremental oil production of more than 110 Bopd per well Five injectors planned for the balance of 2011 50…
Significant production upside and free cash flow Low risk development projects using industry standard tertiary recovery methods Projected 85% growth over five year capital plan (2010 SEC case reserves) Self funding development…
Other Aneth Field projects Infill drilling Three locations identified Targeting undrilled 40 acre locations; redrill certain older wells Additional opportunities beyond original three locations Membrane plant production Remove…
Wyoming
Wyoming Hilight Field SEC case reserves by product SEC case reserves by category Oil 13% Gas 60% PUD 21% NGL 27% PDP 57% PDNP 22% Wyoming net daily production 2,500 Year-end 2010 SEC case1 2,250 Proved reserves: 2,000 Boe…
Hilight Field growth opportunities 45,000 acres HBP Termo Emerging Mowry oil shale play Nine Mowry recompletions to date Seven are producing oil, two are awaiting surface equipment Further recompletions and drilling Orion will…
Mowry oil play areas in Wyoming Big Horn and Big Horn Powder River Basins Basin Mowry play Mowry oil play areas (green) ** Cirque and Plains activity *** and Resolute acreage (yellow) Resolute Fourteen Mile ** Powder…
Mowry activity and Resolute acreage Resolute Mowry activity Big Horn Basin One well recompleted Mowry play Drilling the Fourteen Mile prospect Mowry oil play area 70,000 net acres and Resolute acreage Operators activity Cirque…
Bakken
Williston Basin Bakken Net acreage New Home 23,528 Paris 8,425 New Home Shep 1,423 Total 33,415 Drilling activity (gross) Thirteen wells drilled or drilling Eight wells producing One well cleaning up Shep Three wells…
Permian Basin
West Texas production and drilling activity Midland Basin Acquired producing field 4.6 MMBoe proved 450 Boepd (77% liquids) Seven producing wells, multiple proved development locations Delaware Basin 7,900 net acres Two wells…
Financial Overview
Strong Balance Sheet Low leverage1: Debt to EBITDA: 1.4x Debt to total market cap: 15.0% Substantial liquidity Four year bank revolver: 300 million reserve-based credit line 145.5 million drawn2 Downside commodity price…
2011 Guidance 2011 estimated production: 2.95 - 3.05 MMBoe Daily rate 8,000 - 8,400 Boe per day Revenue weighted Volume weighted % Oil 90% % Oil 81% % Oil and NGL 94% % Oil and NGL 86% Operating and overhead expenses Lease…
Resolute Investor Contacts
Resolute investor contacts HB Juengling Vice President Investor Relations (hbjuenglingresoluteenergy.com) Theodore Gazulis Senior Vice President and Chief Financial Officer (tgazulisresoluteenergy.com) Corporate Headquarters: 1675…
Financial Overview Appendix
Reserve report economic parameters SEC case economic parameters Oil 79.43 per Bbl (NYMEX) Gas 4.38 per MMBtu (Henry Hub) Strip case economic parameters Oil Gas /Bbl /MMBtu 2011 93.30 4.59 2012 93.95 5.08 2013 92.95 5.33…
Quarterly prices and volumes Product prices and production volumes Quarterly data for 2010 and Q1, Q2 and Q3 2011 2010 2011 First Second Third Fourth First Second Third Average prices: Crude oil ( per Bbl) 72.38 71.53 69.76…
Pro forma summary financials ( in millions, except as noted) 2008 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 2010 Q1 2011 Q2 2011 Q3 2011 Sales volumes Total MBoe 2,823 2,715 1 636 1 661 1 702 1 731 1 2,730 1 707 729 729 2 2 Revenue…
25 years of CO2 response at McElmo Creek Unit McElmo Creek Unit CO2 response 34
Hilight Field growth opportunities Further recompletions and drilling will be after 3D seismic is evaluated Mowry production Niobrara and Turner plays Productive near southwest Hilight Proposed area 3D seismic Industry activity…
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