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October 2015 Corporate Presentation – Emerald Oil Inc

Emerald Oil Inc · Oct 22, 2015 · 16 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. October 2015 Corporate Presentation – Emerald Oil Inc – slide 1
    Corporate Presentation October 2015 0
  2. October 2015 Corporate Presentation – Emerald Oil Inc – slide 2
    Company Highlights 1 Oil-weighted Williston Basin operator with scalable operational capability 87,500 net acres(1) (70,000 or 80% operated) represents sizeable position within heart of play Current drilling spacing units have upside…
  3. October 2015 Corporate Presentation – Emerald Oil Inc – slide 3
    EOX Overview Summary Leasehold Position Williston Basin Independent E&P company focused on Williston Basin and headquartered in Denver, Colorado 87,500 net acre position in the core of the Williston Basin Identified 670 net…
  4. October 2015 Corporate Presentation – Emerald Oil Inc – slide 4
    Track Record of Production Growth Significant production ramp up with 2015E average production guidance of 4,650 - 4,800 boe/d Production profile growth will continue in 2016 with a focus on the operated drilling program to convert…
  5. October 2015 Corporate Presentation – Emerald Oil Inc – slide 5
    Track Record of Reserves Growth Significant increase in proved reserves through the 2014 fiscal year Increase primarily as a result of increased drilling activity in our operated well program (1) Proved Reserves (Mmboe) 26.3…
  6. October 2015 Corporate Presentation – Emerald Oil Inc – slide 6
    Track Record of Improving Operating Efficiency 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 9.0 15…
  7. October 2015 Corporate Presentation – Emerald Oil Inc – slide 7
    Acreage & Drilling Inventory Williston Basin Acreage Summary(1) Acreage by State (Net Acres) Montana 3% North 57,300 Dakota 97% 23,200 4,500 2,500 Total Acreage: 87,500 McKenzie (Low Rider) McKenzie (Lewis & Clark)…
  8. October 2015 Corporate Presentation – Emerald Oil Inc – slide 8
    Williston Basin Acreage Map North Dakota Montana Emerald OAS CLR WLL Source: CLR, OAS and WLL April 2015 investor presentation. 8
  9. October 2015 Corporate Presentation – Emerald Oil Inc – slide 9
    EOX Assets McKenzie County (Low Rider / Lewis & Clark) EMERALD OIL WHITING PETROLEUM CONTINENTAL CAPER 1-15-22H STATOIL EMERALD OIL PIRATE 1-2-11H BAKKEN 6/11/2013 OASIS PETROLEUM EMERALD OIL BOE 30 = 28,799 BOE 180 = 80,261…
  10. October 2015 Corporate Presentation – Emerald Oil Inc – slide 10
    Venture with Koch - Overview Acquired 30% Working Interest Leasehold Summary On 10/1/15, Emerald closed a transaction with Koch Exploration, a wholly owned subsidiary of Koch Industries, Inc., where Koch acquired a 30% working…
  11. October 2015 Corporate Presentation – Emerald Oil Inc – slide 11
    Venture with Koch McKenzie County McKenzie County Leasehold - Three wells where Koch Exploration will reimburse Emerald for their proportionate 30% share of existing AFEs - Two wells in the 2016 drilling agreement to further…
  12. October 2015 Corporate Presentation – Emerald Oil Inc – slide 12
    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…
  13. October 2015 Corporate Presentation – Emerald Oil Inc – slide 13
    Average Well Profile Results Exceeding Expectations Middle Bakken Type Curves(1) Oil Price Sensitivities(2) 60 50 40 ROR, % 30 20 10 0 50 55 60 65 70 75 80 Days On Production WTI Oil Price 600 MBOE,…
  14. October 2015 Corporate Presentation – Emerald Oil Inc – slide 14
    2015 Capex Plans 2015E Capital Plan 2015E(2) Capital Expenditures 2015E drilling budget of 62.0 - 81.0 million for 12-month ( in millions) 5.0% period ending 12/31/15 Land Budget 100% operated drilling activity Expect to drill &…
  15. October 2015 Corporate Presentation – Emerald Oil Inc – slide 15
    Hedge Positions Managements goal is to opportunistically maximize downside protection Company utilizes puts to floor production in order to allow for upside appreciation Hedging Summary(1) 5,000 2015 Production Guidance Midpoint…
  16. October 2015 Corporate Presentation – Emerald Oil Inc – slide 16
    Capital Discipline in Current Commodity Environment Disciplined deployment of capital and capital efficient production growth Reduced Williston Basin rig count from 3 to 0.5 in Q4 2014 following the rapid commodity price decline…

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