RBC CAPITAL MARKETS 2014 GLOBAL ENERGY AND POWER CONFERENCE UTICA SHALE PANEL Carrizo Oil & Gas, Inc. June 2 - 3, 2014
Utica Shale High-Rate, Rich-Condensate Focus Area 25,700 net acres focused on condensate window 15,000 net acres at 100% W.I. 10,700 net acres in 50/50 JV with Avista (Carrizo operated) Current acreage has potential for 140 net…
Utica Shale Utica and Point Pleasant Stratigraphy General The lithologic properties of the Utica and Point Pleasant are generally consistent and change predictably across Carrizos leasehold Utica across Carrizos position The…
Utica Shale Cross Section over Acreage (North to South) N S Carrizo Acreage Line of Section 30 mi. Utica Porosity ( 3%) Point Pleasant Trenton Stratigraphy and log characteristics highly predictable across…
Utica Shale Point Pleasant Geology Point Pleasant Porosity Point Pleasant Thickness Acreage is well positioned from a Point Pleasant porosity and thickness standpoint (Generally, log porosities between 8.5% & 10.5% and…
Utica Shale Point Pleasant Drill Depth Structure Boy Scout Acreage located on gentle NW to SE dip Lyons Highly predictable depths Structurally benign with very few faults Structural setting and lack of faults will permit…
Utica Shale Rector 1H Flow Test Summary Brought well on January 5 Collected surface and flowing bottom-hole pressures throughout Progressively increased choke sizes to 24/64 Peak rate = 2,816 Boe/d Condensate = 1,680 Bbl/d Gas…
Utica Shale Rector Production History 9 CRZO
Utica Shale Type Curve Economics Type Curve Total Well Cost 10.1 MM 800 160 Gross 1,348 Mboe 700 140 EUR 1 Condensate Only 455 Mbo 600 120 Net 1,092 Mboe Cumulative (MBbls) F&D Cost 9.25 / Boe 500 100 Rate (Bopd) IRR…
Utica Shale Midstream Infrastructure Heart of Carrizos core acreage is transected by both BLUEracer and MarkWest Should allow for expedited hook-up Potential for different solutions in North Guernsey and South Guernsey…
Utica Shale Key Takeaways Rector well has confirmed our geologic model Pleased with the stability of flow demonstrated by the Rector 1H well Rector 1H appears to be one of the best wells in the condensate window of the play 2014…
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