EnerCom The Oil and Gas Conference August 21, 2014
Company Overview Independent oil and gas company formed in July 2012 Equity partner Kayne Anderson Energy Funds Headquartered in The Woodlands, Texas 49 company employees (20 office / 29 field) Company Strategy Acquire and…
Asset Overview Conventional South Texas Gas Legacy Fields with Extensive Exploitation and Development Opportunities Concentrated Operations 75,000 net acres (mainly HBP) 750 operated producing wells High Working Interest (85%)…
Increase Value Through Low Risk Development Reduce Base Decline through production optimization Reduce Unit Lease Operating Expenses through well and field optimization Accelerate Behind Pipe Opportunities Replace Proved and…
Operational Results (YTD 2014) Capital Program 35 projects (recompletions and workovers) 13 MM net F&D Cost 0.94/mcfe IRR 100% Lease Operating Expenses 0.95/mcfe 5
Development of Legacy Fields in South Texas Jeffress Field Monte Christo Field Brann 6 EIA 10 6
EIA 10 Deep Recomplete Jeffress Field, Hidalgo Co, Texas Well drilled in 2008, Initial completion in Vicksburg T Sand Identified remaining potential in Vicksburg S Sand Completed well in S Sand at 11,200 (2stage frac) Initial Rate 5…
Brann 6 Shallow Recomplete Jeffress Field, Hidalgo Co, Texas Well drilled in 2000, Initial completion in Vicksburg S and T Sands Uphole completion taken in Vicksburg K Sand at 7,400 (no frac) Initial Rate 2 mmcfepd Multiple K Sand…
Development of Legacy Fields in South Texas Roleta Field El Clareno 16 9
El Clareno 16 Rate Acceleration Roleta Field, Zapata Co, Texas Well drilled in 2009, Initial completion in Roleta C down to 300 mcfepd Zone temporarily abandoned Uphole completion taken in Roleta A and Asche Sands (2stage frac)…
Development of Legacy Fields in South Texas Bob West Type Log Bob West Field State Park 8 11
State Park 8 Workover Bob West Field, Zapata Co, Texas Well drilled in 2001, Multiple Wilcox Sand completions commingled Intermittent producer due to salt, scale, and fill 100 mcfepd Cleaned out well through perforations using coiled…
Path Forward Reduce base decline Execute low risk Generate excess cash to through production development opportunities pay down debt, fund optimization Replace proved reserves additional opportunities, Reduce unit lease…
Cantera Energy Conventional South Texas Gas Extensive acreage position (75,000 net acres) Legacy Fields with Low Risk Development Opportunities High Quality Proved and Probable Reserves in Existing Wellbores Exceptional…
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