Company Highlights 1 Oil-weighted Williston Basin operator with scalable opera,onal capability 121,000 net acres (91,000 or 75% operated) represents sizeable posi4on within heart of play Current drilling spacing units have upside…
EOX Overview Independent E&P company focused on Williston Basin Key Highlights and headquartered in Denver, Colorado 121,000 net acre posi4on in the core of the Williston Average daily produc4on for 3Q14: 3,855 Boe/d Basin 2014…
Track Record of Produc,on Growth Signicant produc4on ramp up with 2015E average produc4on guidance of 5,425 - 5,800 boe/d Produc4on growth will accelerate in the near term with a focus on the operated drilling program to convert EOXs…
Track Record of Reserves Growth Signicant increase in proved reserves through the 2013 scal year Increase primarily as a result of increased drilling ac4vity in our operated well program (1) Reserves (Mmboe) 15.0 13.2…
Reserves Summary Net Proved Resources as of 12/31/2013* Oil Gas Total PV-10 (1) Category (MBbls) (Mmcf) (Mboe) (mm) PDP 5,535 4,677 6,315 196 PDNP 1,928 1,416 2,164 44 PUD 5,765 4,232 6,470 49 Total proved 13,228 10,324 14,949…
Execu,on Driving Strong Results On Top Of Increasing Drilling Inventory Current Inventory Potential Project Area Net Acres Locations(1) NRI NRI Wells Williston Operated 90,750 658 80% 526 Williston Non-Operated 30,250 196 80%…
Average Well Prole Results Exceeding Expecta,ons Middle Bakken Type Curves(1) Three Forks Type Curves(1) Cum Boe Days On Produc,on Days On Produc,on Average of all Emerald Middle Bakken Average of all Emerald Three Forks…
Recent Transac,on Overview Current Leasehold Summary On 9/3/14, Emerald closed the previously announced transac4on with Liberty Resources II, LLC to acquire core Williston Basin proper4es: 31,500 net acres highly con4guous to…
Acreage Poreolio Williston Basin Acreage by State Operated Acreage Montana 7% Non- Operated Operated 75% 25% North Dakota 93% Total Acreage: 121,000 Total Operated Acreage: 91,000 Acreage Summary (Acres)…
2014 and 2015 Capex Plans 2014E and 2015E Capital Plan 2014E and 2015E(2) Capital Expenditures Total drilling budget of 250 million for 12-month period ( in millions) Drilling Budget Land Budget ending 12/31/14 250 12.5…
Pure-Play Bakken Exposure At Ahrac,ve Entry Point Enterprise Value / Bakken Net Acre(1) (/Acre) 16,228 Peer Average: 7,390 5,928 4,781 2,561 1,448 KOG TPLM OAS NOG EOX Source: Public lings. Market pricing as…
Financial Strategy Maintain adequate liquidity Emerald has 242 million of liquidity(1) Capital budget fully funded through 2015 U,lize hedging to protect cash ows Emerald plans to hedge up to 60% of the Companys Total…
Hedge Posi,ons and Strategy Managements goal is to hedge up to 60% of the Companys Proved Reserves Company u4lizes swaps to hedge produc4on Hedging Summary(1) 2,500 Hedged Volumes (Bbls/d) 2,105 2,000 1,738 1,500…
2015 Guidance 2015 Guidance (1) Increase 2015 Guidance Range 2014 (Decrease) Low High Wells Drilled Operated 25.5 - 22.1 25.2 Avg. Full Year 3,610 55% 5,425 5,800 Produc,on (boe/d) Exit rate 4,600 39% 6,200 6,600…
Investment Highlights Summary 1 Oil-weighted Williston Basin operator with scalable opera,onal capability 2 Opportunity to gain pure-play Williston Basin exposure with a high growth rate 3 Accre,ve development program…
Corporate Contact Informa,on Emerald Oil, Inc. Auditor 1600 Broadway BDO USA, LLP Suite 1360 Houston, Texas Denver, CO 80202 (303) 595-5600 Independent Petroleum Engineer Netherland, Sewell & Associates, Inc. Houston, Texas…
Appendix Well Result Well Name 24-Hr 30 Day Avg. 90 Day Rate Well Name 24-Hr 30 Day Avg. 90 Day Rate Pirate 1 1,801 1,025 621 Caper 4 1,718 670 461 Caper 1 2,063 994 678 Ty Webb 3 1,543 556 478 Mongoose 1 1,523 892 619 Excalibur 1…
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