Company Highlights 1 Oil-weighted Williston Basin operator with scalable operational capability 85,000 net acres (63,200 or 75% operated) represents sizeable position within heart of play Current drilling spacing units have upside…
Strategic Accomplishments in 2013 EOX accomplished each of its set 2013 goals and transformed itself to a fully operated company Added substantial scale to existing Williston Basin acreage Added 67,700 net acres in Williston Basin…
EOX Overview Independent E&P company focused on Williston Basin Key Highlights and headquartered in Denver, Colorado Average daily production for 4Q13: 2,430 boe/d 85,000 net acre position in the core of the Williston Basin 2013…
Track Record of Production Growth Significant production ramp up with 2014E average production guidance of 3,550 boe/d(1) Production growth will accelerate in the near term with a focus on the operated drilling program to convert EOXs…
Execution Driving Strong Results On Top Of Increasing Drilling Inventory Current Inventory Potential Per Well EUR Total Potential (1) Project Area Net Acres Locations NRI NRI Wells (Mboe)(2) (Mmboe) Williston Operated 63,237 320 80%…
Low Rider Type Curve Results Exceeding Expectations McKenzie County Well Results Low Rider1 Cum BOE 550 MBOE Type Curve Historical Well Performance Days On Production (1) Well Results are long lateral well completions…
Track Record of Reserves Growth Significant increase in proved reserves through the 2013 fiscal year 147% increase in 2013 primarily as a result of increased drilling activity in our operated well program Reserves (Mmboe) 13.2…
Reserves Summary Net Proved Reserves as of 12/31/2013 Oil Gas Total PV-10 (1) Category (MBbls) (Mmcf) (Mboe) (mm) PDP 3,883 4,355 4,609 145 PDNP 1,928 1,416 2,164 44 PUD 5,765 4,232 6,470 49 Total proved 11,576 10,002 13,243…
Acreage Portfolio Williston Basin Acreage by State Operated Acreage Montana 11% Non- Operated Operated 25% 75% North Dakota 89% Total Acreage: 85,000 Total Operated Acreage: 63,000 Acreage Summary (Acres) 63,336…
2014 Capex Plan 2014E Capital Plan 2014E Capital Expenditures ( in millions) Total drilling budget of 182 million for 12-month period ending 12/31/14 Drilling Budget, 182 100% operated drilling activity Land Budget 125 Plan on…
Williston Basin - McKenzie County (Low Rider) Acreage Map McKenzie County Selected Bakken & Three Forks Producing Wells 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 EOX Active Wells A B C D E F G J I…
Williston Basin - Richland County Project Area Acreage Map Richland County Selected Bakken & Three Forks Producing Wells Company Well 24-Hr IP 30 Day IP Stages 1 Brigham Judith 10-3 1H 2,630 670 39 2 Brigham Johnson 30-19 1H 2,962…
Williston Basin Williams County (Easy Rider) Acreage Map Williams County Selected Bakken & Three Forks Producing Wells Company Well 24-Hr IP 30 Day IP Stages 1 Sequel Overdorf 21-1H MB 952 832 30 2 Sequel Temple 21-1H TF 1,047 815…
Williston Basin Billings/Stark County (Pronghorn sand) Acreage Map Billings/Stark County Selected Pronghorn sand Producing Wells Company Well 24-Hr IP 30 Day IP Stages 1 Fidelity Kudrna 5-8H 880 690 30 2 Fidelity Kostelecky 5-8H…
Illustrative Net Asset Value Growth Opportunity Accelerating drilling reduces acreage development cycle for the 435 current gross operated horizontal drilling locations by 6 years 450 2 rig case 435* 400 3 rig case 350 300…
Pure-Play Bakken Exposure 2014 Enterprise Value / Bakken Net Acre(1) (/Acre) 22,510 Peer Average: 10,663 9,754 5,645 4,743 3,887 KOG OAS TPLM EOX NOG 17 2014 Enterprise Value / Production(3) (/boe/d) 145,647 141,592…
Financial Strategy Maintain adequate liquidity Emerald has 145 million of liquidity(1) Capital budget fully funded through 2014 Utilize hedging to protect cash flows Emerald plans to hedge up to 80% of the Companys Proved…
Hedge Positions and Strategy Managements goal is to hedge up to 80% of PDP production Company utilizes swaps to hedge production Hedging Summary 1,600 96.00 1,486 1,400 94.86 95.00 1,200 94.00 1,000 Bbls/d /Bbl 800…
2014 Guidance(1) 2014 Guidance Initial Increase Current Wells Drilled Operated 18.2 18.2 Production (boe/d) Avg. Full Year 3,300 250 3,550 Well Cost ( millions) Avg. Estimate Cost 10.0 10.0 Drilling Budget ( millions) Operated…
Investment Highlights Summary 1 Oil-weighted Williston Basin operator with scalable operational capability 2 Opportunity to gain pure-play Williston Basin exposure with a high growth rate 3 Accretive development program…
Appendix Well Results (1) Well Results (Boe/d) 24-Hr 30 Day 90 Day 150 Day 240 Day Pirate 1-2-11H 1,801 1,025 621 505 503 Caper 1-15-22H 2,063 994 678 528 Mongoose 1-8-5H 1,523 892 619 603 Slugger 1-16-21H 1,342 782 508 516…
Corporate Contact Information Emerald Oil, Inc. Auditor 1600 Broadway BDO USA, LLP Suite 1360 Houston, Texas Denver, CO 80202 (303) 323-0008 Independent Petroleum Engineer Netherland, Sewell & Associates, Inc. Houston, Texas Legal…
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