Operational, Reserves and Guidance Update NASDAQ: MRD Jay C. Graham Andrew J. Cozby CEO SVP and CFO February 2016
Jay Graham: Experienced and Proven Leader Terryville Founder: Instrumental in development of Terryville Field Former President and Co-Founder of WildHorse Resources, LLC which drilled the initial horizontal wells in Terryville Field…
MRD Continues to Execute on its Core Strategy Increasing production through efficient drilling and expanding its asset footprint via accretive acquisitions while maintaining a strong balance sheet and generating strong shareholder…
Operational Results Drive Significant Momentum Completed 6 gross horizontal wells in the Terryville Field during Q4 2015 Includes the 2-well Temple pad completed in November with 7,009 average lateral length and 50.6 MMcfe/d 30-day IP…
Strong Financial Position Entering 2016 Financial Update Full Year 2016 Guidance Projected to exit 2016 with net debt to annualized Adjusted 2016 FY Guidance EBITDA…
Hedge Restructure Solidifies Cash Flow During Q415, MRD restructured its existing 2018 hedges into new oil and NGL swaps in 2016 Results in approximately 100% of expected 2016 production hedged at total weighted average price of…
Appendix
MRD NSAI Reserve Detail Oil Natural Gas NGLs Total % Gas (MBbl) (MMcf) (MBbl) (MMcfe) (%) PDP 5,605 420,938 23,296 594,345 71% PDNP 495 23,045 1,286 33,737 68% PUD 7,053 529,831 29,577 749,613 71% 2015 (1) Total Proved 13,154…