Unlocking Value in the Permian Basin 4Q15 Supplemental Slides
2 Extensive Inventory: 4,440 Net Locations Midland Basin Net Locations: 2,504 Delaware Basin Net Locations: 1,936 Dawson: 14 New Mexico Texas Loving: 452 Howard: 246 Winkler: Martin: 859 64 Midland: 290 Glasscock: 880…
3 Identified Net Potential 1 Billion BOE MIDLAND Net Operated Wells Net Inventory: Engineered Net Type Curve EUR Range3 Remaining Horizontal Undeveloped Resource4 BASIN Drilled to Date Acreage Locations2 (Gross MBOE) (Net MMBOE) M.…
4 Midland Basin Stacked Pay Potential Midland, Martin, Howard Counties (39,000 Net Acres) Spacing Current Target Spacing per 640acre Section Current / Upside 4 8 250 4 350 8 8 10 450 250 250 6 8 300 Wolfcamp B 6 8 350 500 8 Potential…
5 Midland Basin Stacked Pay Potential Glasscock County (29,000 Net Acres) Spacing Current Target Spacing per 640acre Section Current / Upside 6 8 400 200 68 8 275 650 Wolfcamp B 68 8 8 550 200 325 8 Potential for 34-40 wells per…
6 Identified Net Potential 1 Billion BOE DELAWARE Net Operated Net Inventory: Type Curve Remaining Horizontal EUR Range3 Undeveloped Resource4 BASIN Wells Drilled to Date Acreage Engineered Net Locations2 (Gross MBOE) (Net MMBOE)…
7 4Q15 Appraisal Wells: Martin, Midland Martin County Limestone Germania/Greenwood 2 1 Martin County Midland County 3 (1) Jones Holton 807H (2) Jones Holton 811H (3) L.B. Epley NS 39-46 06 106H Peak24hourIP(3stream):…
8 Glasscock County 4Q15 Appraisal Wells Fivestones Complex 1 Glasscock County Reagan County (1) Daniel SN 7-6 04 504H Peak 24-hour IP(3stream): 1,460boepd (74%oil) Peak 30 day avg(3stream): 1,213boepd (70%oil) Completed lateral length:…
9 Jo Mill, Middle Spraberry Performance Martin County: Results vs Potential Range of Outcomes 120 110 Cumulative production represents only the oil portion of the 3stream production type curves 100 Daily production has been normalized…
10 Lower Spraberry Performance Martin, Midland, Howard Counties: Results vs Potential Range of Outcomes 160 150 Cumulative production represents only the oil portion of the 3stream production type curves 140 Daily production has been…
11 Glasscock Co. Wolfcamp A/B Type Curve Normalized to 7,500 (Unrisked) 1,000 NormalizedGrossProductionRate(boepd) 100 RyderScott reviewed EURs for Wolfcamp A/B wells in Glasscock Co., Midland Basin 890 MBOE for 7,500 lateral Inventory…