BREITBURN ENERGY PARTNERS LP THIRD QUARTER 2014 CONFERENCE CALL: PERMIAN HORIZONTAL DRILLING PROGRAM NOVEMBER 5, 2014
ANTARES ACQUISITION Transaction Summary Antares Acreage Adjacent to Breitburns Acreage TX-PERMIAN BASIN - Texas Permian Basin Deal signed and closed on October 24th Legend Breitburn Acreage Effective date: October 1st Antares…
ANTARES ACQUISITION TX-PERMIAN BASIN - Texas Permian Basin 43 41 42 48 47 37 46 38 5 45 39 6 44 40 Strategic Rationale Antares Fills in Existing Howard County Position 48 43 2 1 3 47 8 4 47…
STRONG SUCCESS IN AND NEAR PRIMARY DEVELOPMENT AREA SUPPORTS BREITBURNS STRATEGY Wright 44-41 3H Gardner Unit 1510 2H Lateral Length: 6,750 Lateral Length: 7,020 Peak 24hr/30 day IP (Boe/d): 1,232/833 Peak 24hr/30 day IP (Boe/d):…
OUTSTANDING OFFSET WOLFCAMP PERFORMANCE 1 MMBOE 800 MBOE 650 MBOE Sources: Sept 2014 PXD Investor Presentation; Sept 2014 ATHL Barclays Presentation, Element production data from operator pg. 6
OUTSTANDING OFFSET LOWER SPRABERRY PERFORMANCE 1 MMBOE 800 MBOE 650 MBOE Sources: Sept 2014 PXD Investor Presentation; Sept 2014 ATHL Barclays Presentation, Element production data from operator pg. 7
ANTARES ACREAGE + BREITBURN ACREAGE = VALUABLE MIDLAND BASIN POSITION Net & Effective(1) Acreage Antares and Pro-forma Acquisition Gross/Net Acreage Pro-Forma Gross/Net Acreage Surface Effective Surface Effective Total 4,608 / 3,678…
MAXIMIZING VALUE OF MIDLAND BASIN ACREAGE HORIZONTAL WELL PROGRAM PROPOSED TIMELINE RIG 1 (Breitburn Funded) Start Date Q1 2015 RIG 2 Start Date Q3 2015 Possible Third RIG 3 Start Date Q3 2015 Party Investment RIG 4 Start…
MAXIMIZING VALUE OF MIDLAND BASIN ACREAGE TX-PERMIAN BASIN - Texas Permian Basin Value Enhancing Options Include Legend Breitburn Acreage Antares Acreage BBEP Primary Development Financial Sponsor Investment Antares &…
BREITBURN ENERGY PARTNERS LP THIRD QUARTER 2014 CONFERENCE CALL: PERMIAN HORIZONTAL DRILLING PROGRAM NOVEMBER 5, 2014
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