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SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc.

PDC Energy, Inc. · Feb 3, 2014 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 1
    SUNTRUST APPALACHIAN MINI-CONFERENCE February 3, 2014 NASDAQ:PDCE
  2. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 2
    Company Overview NASDAQ:PDCE Strategic Core Areas Market cap 1.8 Billion(1) Colorado and Appalachian Basin Enterprise value 2.2 Billion WATTENBERG UTICA Proved reserves (YE2013) 266 MMBoe 98,000 Net Acres Liquid 48,000 Net Acres…
  3. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 3
    The Geology of the Point Pleasant Play With an Emphasis on the Southern Portion of the Play 1) What is the Point Pleasant - the big picture 2) Where is PDC active in the play (and why) 2/3/2014 4
  4. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 4
    What is the Point Pleasant The Big Picture and Historical Context Productive for more than 100 years Well-known Source Rock with many Marathon HQ Standard HQ published studies SPE, AAPG, etc. Source Rock for an 1.2 billion…
  5. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 5
    What is the Point Pleasant Its really old (not just from a geologic perspective) 2/3/2014 6
  6. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 6
    Utica: Regional Stratigraphic Column The Ordovician aged Point Pleasant is an admixture of mudstones and carbonates characterized by low water saturations (5-15%), moderate clay content (15-30%), and high TOCs (2.5-4.8%, across…
  7. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 7
    The Point Pleasant What it is & Where it is Core showing shale and interbedded limestone Patchen et al., 2006; Pope and Read, 1997; and Wickstrom et al. (2012) 2/3/2014 8
  8. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 8
    Utica: Local Stratigraphy Southern Ohio 1. Queenston Shale Classic Mudstone Null TOC & low resistivity 2. Upper Utica Shale Mudstone with null limestone content Some TOC & low resistivity High clay content Lower Youngs Modulus…
  9. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 9
    Utica Open Hole Log Response Comparison Palmer Onega Commissioners Hickenbottom A Morgan County Guernsey County Belmont County A Utica Pt. Pleasant Trenton Resistivity (ohmm) 800 2,000 1,000 2,000+ 1,000 2,000+ Rock…
  10. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 10
    Micro CT & SEM 2 Well Comparison from Joel Walls, DUG East 2012 2/3/2014 11
  11. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 11
    Where is PDC active in the play (and why) 2/3/2014 12
  12. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 12
    Utica Leasehold and Activity drilled and/or completed planned 2014 spud 11 Wells to sales by YE 2013 Oil Wet Gas Condensate Dry 25% acreage in Guernsey & N. Noble Counties Gas Onega-Comm 14-25H 1 75% acreage in Washington, S. Noble,…
  13. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 13
    Why We Are Active Where We Are Specifically, why the South and Washington County Aero Magnetic Data Regional picture shows structural sweet spots or areas where natural fracturing is more likely (30,000 view) AeroMag data is commonly…
  14. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 14
    Why We Are Active Where We Are Specifically, why the South and Washington County Historical Data Well drilled in 1994 for deeper target that was wet Patricia Hein Well Northern Washington County, Ohio Wet Gas Window Operator…
  15. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 15
    Why We Are Active Where We Are Specifically, why the South Seismic Data Seismic data confirms the presence of numerous faults over Southern portion of the play Natural fracturing and higher permeabilities very likely Next…
  16. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 16
    Geothermal Gradient Image Courtesy of Dolan Integration Group (DIG) 2/3/2014 17
  17. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 17
    Summary & Conclusions The Southern portion of the play, particularly Northern Washington County, is more structurally complex than more Northern portions of the play This is evident in: An elevated Geothermal Gradient The…
  18. SUNTRUST APPALACHIAN MINI CONFERENCE – PDC Energy, Inc. – slide 18
    Investor Relations Mike Edwards, Senior Director Investor Relations michael.edwardspdce.com Marti Dowling, Manager Investor Relations marti.dowlingpdce.com Corporate Headquarters PDC Energy, Inc. 1775 Sherman Street Suite 3000…

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