Double Eagle Petroleum Co EnerComs The Oil & Gas Conference Denver August 14, 2013 KSH 1
Wyoming Operations 3
Building Shareholder Value Niobrara Shale Play Exploration Play Future growth potential Midstream Pipeline in existing operations Atlantic Rim CBM and Pinedale Anticline Strong Foundation of low-cost producing assets 4
Niobrara Shale Acreage TOTAL TOTAL Location GROSS NET Atlantic Rim--Greater Green River 63,398 36,508 DJ Basin-Wyoming 6,674 6,674 DJ Basin- Nebraska 4,198 4,198 Powder River Basin 16,283 16,283 Laramie/Hanna Basin 8,669 8,669…
Niobrara Shale Central Wyoming & Colorado Recent Activity Quicksilver and Shell establish an AMI in Sand Wash Basin to develop 850,000 acres of Niobrara potential. Three wells have been permitted Entek and East Resources…
Niobrara Shale Central Wyoming & Colorado 7 Source: Entek Energy
Niobrara ShaleAtlantic Rim Niobrara Shale PlayAppraisal Well * Initial test well completed in Q1 2013 * 24 hour IP rate of 467 BOE * API density consistent with WTI K S H * Significant amount of Atlantic Rim acreage HBP *…
Proven Execution Cont. Cost Control Low cost growth through the drill bit F&D Costs three year weighted average of 0.87 Mcfe; 2012 Production Costs, including taxes-- 1.46 per Mcfe G&A Costs equals 16 % of revenues; among lowest of…
Building Shareholder Value Strong foundation of low- cost producing assets Future growth potential in existing operations Pinedale Anticline Atlantic Rim CBM * Interest in 184 producing wells * Interest in 283 producing CBM…
Atlantic Rim Project in the Greater Green River Basin 270,000 Acres 1,800 CBM and 200 conventional wells approved by BLM for development over a 20 year program Project is in its early life with 283 wells drilled since 2007 Over…
The Atlantic Rim Historical drilling activity Catalina Unit 83 gross (64 net) wells 175 total potential future drilling locations 52.6 Bcfe net proved reserves (based upon forward strip pricing at 12/31/2012) Spyglass Hill…
Pinedale Anticline Producing Assets o Operated by QEP o 184 producing wells in three PA areas Mesa A22 wells Mesa B128 wells Mesa C34 wells o 2,900 Mcfe/d net production o 13 new wells to be brought on in 2013 o One of lowest…
Midstream Infrastructure Growing source of fee-based revenue that is independent of gas prices Connects Catalina Unit to interstate pipeline 100% owned by Double Eagle 125 MMcf/d capacity; currently at 30 MMcf/d Tie-in to third…
Hedge Contracts Double Eagle Petroleum Current Hedging Positions Volume/day (Mcfe)* Price Beginning Date End Date 2013 Expirations Natural Gas Collar - NYMEX 6,000 5.00 5.35 1/1/2013 12/31/2013 Natural Gas Swap - NYMEX 6,000…
Summary of Double Eagle Value Proposition Reserves (1) Bcfe PV-10 Proved 132.5 162.7 Probable 40.0 23.2 Possible 100.8 118.0 Total 3P 273.25 303.9 Gross Locations Gross Acreage Additional Potential Drilling (2) Atlantic Rim CBM…
Senior Management Richard Dole Chairman, CEO, and President Kurtis Hooley Executive Vice President and COO Ashley Jenkins, CPA Vice President and CFO Clark Huffman, Ph.D VP Operations 18
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