Skip to main content MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc | Shale Experts
Loading...
Pm

MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc

Emerald Oil Inc · May 11, 2015 · 34 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. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 1
    Corporate Presenta,on May 2015
  2. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 2
    Investment Highlights The Delaware Basin properAes (the Target Assets) have de-risked drilling inventory with aSracAve economics in Lea and Eddy CounAes based on extensive data from oset operators Target Assets have an aKrac,ve…
  3. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 3
    EOX Overview(1) Leasehold Posi,on Delaware Basin Target Assets Leasehold Posi,on Williston Basin Key Highlights Delaware Basin Target Assets (Bone Spring & Wolfcamp oil plays): 10,746 net acres, 100% operated Williston Basin…
  4. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 4
    AKrac,ve Delaware Posi,on(1) (1) Assumes consumma,on of Target Assets acquisi,on. 5
  5. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 5
    Delaware Basin Acquisi,on Overview Acquisi,on Overview Leasehold Posi,on Delaware Basin Acquiring 12,900 gross (10,746 net) acres 100% operated, 80% WI, 80% NRI Purchase price: 75 million 7,000 / acre AcquisiAon internally…
  6. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 6
    Acreage in the Core of the Delaware Basin CONCHO OIL & GAS DOS ABULESO FEE 1H 2nd BONE SPRING 5/20/2014 CUM. BOE 180 = 107,379(1) MATADOR RESOURCES RANGER 33 STATE COM 1H 2ND BONE SPRING 10/21/2013 CUM. BOE 180 =…
  7. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 7
    Target Assets Acreage in the Core of the Delaware Basin Emerald Chevron Cimarex Concho Matador Occidental Source: Chevron November 11, 2014 investor presenta,on; Cimarex April 21, 2015 investor presenta,on; Concho March 2015…
  8. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 8
    Rela,ve Posi,oning of Target Assets within the Delaware Basin Delaware Basin Zone Map Delaware Basin Performance of Oset Operators(1) Gas Weighted Wolfcamp Area Oil Wolfcamp Bone Spring Bone Spring Weighted Delaware…
  9. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 9
    Delinea,on of the Delaware Basin Operators in the Basin target liquids-weighted Bone Spring and New Wells Drilled 1H 2013 to Present(1) Wolfcamp intervals Based on available geologic data and the results of oset Wolfcamp…
  10. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 10
    Delaware Basin at an Inec,on Point ProducAon curve shows upward EUR improvement 3 Month Produc,on Curve by Basin / Horizon 2012+ and posiAve rate of change across Delaware and northern Midland Basins N Delaware 60 50 3 mos…
  11. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 11
    Acreage Largely De-risked via Oset Operator Ac,vity Map of Recent Oset Wells Selected Well Results 24 hr IP 30-day IP 180-day IP Lateral No. Operator Well name County (Boe/d) (Boe/d) (Boe/d) Interval (ft.) % oil 1 Fasken Oil &…
  12. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 12
    Mul,ple Zone Prospec,vity Across En,re Posi,on Cross sec,on of Northern Delaware Basin highligh,ng thickness and consistency of Bone Spring & Wolfcamp zones A West A East A A MATADOR RESOURCES RANGER 33 STATE COM…
  13. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 13
    Mul,ple Zone Prospec,vity Across En,re Posi,on Cross sec,on across Central Delaware Basin highligh,ng thickness and consistency of Bone Spring & Wolfcamp zones B West B East B B MEWBOURNE OIL CABRA LOCA 11 B3OB…
  14. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 14
    Acreage & Drilling Inventory Delaware Basin Target Assets Target Assets Loca,ons by Bench(1) Spacing Assump,ons Downspacing Delinea,ng other zones 1 mile System Formation Gamma Ray U. AVALON 660 L. AVALON 154 1BSC 77…
  15. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 15
    Well Economics Oset Operators EUR(1) IRR(2) (Mboe) EUR range 1,100 55% 50% 600 40% 800 400 MTDR LG C Y CXO MTDR LGCY Oil Price Sensi,vi,es(3) Ranger 33 400-700 MBOE ROR vs Oil Price Rustler Breaks 2nd Bone…
  16. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 16
    Infrastructure and Marke,ng The Delaware Basin oers abundant access to both pipeline infrastructure and reneries Borger Cushing ExisAng Pipelines Permian Basin Wichita Falls EOX acreage Holly Navajo Western WTG…
  17. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 17
    Opera,onal Plan for Target Assets and Track Record of Success in Bakken 18
  18. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 18
    Opera,ng Plan for Delaware Assets Opera,onal Con,nuity and Asset Development Developmental Map OperaAons team built to operate mulA-rig drilling program Emerald is currently establishing an operaAons base in Hobbs, New…
  19. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 19
    Track Record of Produc,on and Reserves Growth ProducAon growth will accelerate in the near term with a focus on the operated Delaware Basin drilling program to convert EOXs substanAal undeveloped operated leasehold posiAon to…
  20. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 20
    Track Record of Value Crea,on from Drill Bit and Acquisi,ons Williston Basin Growth (6-month intervals) Management team has substan,ally grown its Bakken footprint North Dakota Added substanAal scale to the Williston…
  21. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 21
    Track Record of Improving Opera,ng Eciency Williston Basin (Low Rider) D&C cost(1) Williston Basin (Low Rider) Drilling Days(1) 14.0 40 13.0 35 12.0 D&C Cost (mm) 30 Drilling Days 11.0 25 10.0 20…
  22. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 22
    Successful Bakken Opera,ons 23
  23. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 23
    Acreage & Drilling Inventory Williston Basin Acreage Summary Acreage by State (Net Acres) Montana 7% 72,000 North 36,000 Dakota 8,000 93% 6,000 Total Acreage: 122,000 McKenzie (Low Rider) McKenzie (Lewis &…
  24. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 24
    Williston Basin Acreage Map North Dakota Montana Emeral CLRd OAS WLL Source: CLR, OAS and WLL April 2015 investor presenta,on. 25
  25. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 25
    Williston Basin McKenzie County (Low Rider / Lewis & Clark) EMERALD OIL EMERALD OIL CAPER 1-15-22H PIRATE 1-2-11H BAKKEN 6/11/2013 BAKKEN 3/27/2013 BOE 180 = 80,261 BOE 180 = 82,897 EMERALD OIL MONGOOSE 1-8-5H…
  26. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 26
    Reserves Summary Net Proved Resources as of 12/31/2014* Oil Gas Total PV-10 (1) Category (MBbls) (Mmcf) (Mboe) (mm) PDP 12,885 11,406 14,786 408 PDNP 309 264 353 10 PUD 9,632 9,399 11,199 117 Total proved 22,826 21,069 26,338…
  27. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 27
    Average Well Prole Results Exceeding Expecta,ons Middle Bakken Type Curves(1) Oil Price Sensi,vi,es(2) 60 50 40 ROR, % 30 20 10 0 50 55 60 65 70 75 80 Days On Produc,on WTI Oil Price 600…
  28. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 28
    Capital Cost Reduc,on Update Well cost down 15%-20% versus historical well costs D&C services down 20% since October 2014 Drilling rig cost xed due to contractual agreement through October 2015 Service pricing anAcipated to…
  29. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 29
    Financial Summary 30
  30. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 30
    2015 Capital Plan 2015E Capital Plan(4) 2015E(3) Capital Expenditures(4) ( in millions) 2015E drilling budget of 85 - 109 million for 12-month period ending 12/31/15 36% 100% operated drilling acAvity Delaware Basin…
  31. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 31
    Capital Discipline in Current Commodity Environment Disciplined deployment of capital and capital ecient produc,on growth 2015 capital budget represents 68% reducAon from 2014; service cost declines can further reduce the D&C…
  32. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 32
    Hedge Posi,ons Managements goal is to opportunisAcally maximize downside protecAon Company uAlizes puts to oor producAon in order to allow for upside appreciaAon Hedging Summary(1) 5,000 2015 Produc,on Guidance Midpoint of…
  33. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 33
    No Near-Term Debt Maturi,es Debt Maturity Schedule 250 Revolving Credit Facility(1) (109.7MM drawn on 200MM facility) 200 Principal Amount (mm) 2% ConverAble Senior Notes 150 90.3 100 151.5 50…
  34. MAY 2015 CORPORATE PRESENTATION – Emerald Oil Inc – slide 34
    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…

From the store

Browse maps, data & reports in the Shale Experts store