Company Profile Share Price History Current Team In Place Since 2012 10.00 100.0 Originally funded by Ecofin, UK-based capital group 9.00 Gradually built a team from Encore, Pioneer, Denbury 8.00 80.0 and Petrohawk 7.00 Went…
Lonestars Track Record of Rapid Growth Net Acreage- Eagle Ford Shale Trend Reserves (MMBOE)1 40,000 60 35,000 50 30,000 40 25,000 30 20,000 15,000 20 10,000 10 5,000 0 0 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-11 Dec-12 Dec-13…
Lonestars Growth Strategy People Are Key To Our Business Assembled Team of Senior Personnel from Encore, Pioneer, Denbury, Petrohawk. Flat Organization Capable of Rapid Decision-Making Focused on Using Drilling/Completion/Production…
Experienced Management Team Executive Previous Experience Biography Over 28 years experience in oil and gas finance Frank D. Bracken, III Previously Managing Director at Jefferies LLC, where he led 5 billion in oil and gas…
Proved Reserves Bridge- 2014 to 2015 50.0 Proved Reserves Additions of 18.4 MMBOE Proved Reserves 45.0 up 30% to 668% Production 40.2 MMBOE 40.0 Replacement 2.5 35.0 Proved Reserves (MMBOE) Production from 13.7 30.0…
Portfolio Focused on the Eagle Ford Total Eagle Ford Eastern Region Net Acres 35,492 Net Acres 1 10,878 Proved Locations 62 Proved Locations 10 Additional Locations 140 Additional Locations 60 Avg. W.I. 87% Avg. W.I. 95%…
Lonestars Footprint Across The Eagle Ford Is Significant 14 12 10 Counties With Completions 8 6 4 2 0 9
Revenue/BOE vs % Oil Production 35.00 30.00 LNREF 25.00 Revenue / BOE 20.00 15.00 10.00 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % Oil Production Note: Revenue/BOE from 4Q15 (unhedged). Peer companies…
Production Cost/BOE vs % Oil Production 16.00 14.00 12.00 Production Costs / BOE 10.00 LNREF 8.00 6.00 4.00 2.00 0.00 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % Oil Production Note: Production Cost…
Unhedged Field Netback/BOE vs % Oil Production 25.00 20.00 LNREF Field Netback / BOE 15.00 10.00 5.00 0.00 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % Oil Production Note: Field Netback/BOE from 4Q15.…
Lonestars Drilling Locations Are Looooooooonnng Engineered Locations by Lateral Length (perforated interval in feet) 9,000 9,000 8,000 8,000 7,000 7,000 6,000 6,000 Lateral Length (') 5,000 5,000 4,000 4,000…
The Value of Long Laterals Surface & Facilities Drilling Pad Wellhead Equipment Separation Storage Compression 0.4 MM Gathering 0.4 MM Vertical + Angle Lateral Length 5,000 Drilling Completion Completed Well Cost (MM) 4.2…
The Value of Long Laterals Surface & Facilities Drilling Pad Wellhead Equipment Separation Storage Compression 0.4 MM Gathering 0.4 MM Vertical + Angle Lateral 5,000 + 2,800 7,800 Drilling Completion Completed Well Cost (MM)…
Lonestar Valuation Relative to its Peers 10.0x 9.0x 8.0x 7.0x 6.0x TEV/ EBITDAX 5.0x LNREF 4.0x 3.0x 2.0x 1.0x 0.0x 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 TEV / Proved Reserves Note: Data as of 4Q15.…
Eagle Ford Shale Asset Overview
Western Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 14,440 Net Leasehold 13,433 % HBP 62% Top EFS 6,000' to 9,250' Engineered Acreage Lateral Lengths 4,000' to 8,000' Non-Engineered Acreage Assumed…
Burns Ranch Unit 1H-3H Benchmarking Burns Ranch Locator Map Burns Ranch Eagle Ford Offset Cumulative To Date Burns Ranch Well Highlights Burns Ranch Eagle Ford Offset Monthly BOEPD To Date Lonestar studied 113 offset wells…
Technology Advancements- Beall Ranch Burns Ranch Locator Map Beall Ranch Eagle Ford Target Refinement 26-28H 32-34H Beall Ranch Well Highlights Beall Ranch Eagle Ford Offset Cumulative to Date 200 16,000 After drilling and…
3D Visual Between Upper and Lower Limits Looking from the South to the North 26H, 27H, 28H wells are 99% in the new 25 target window 21
Geo-Engineered Completion Alliance Integrated Approach to Drilling, Completion, Stimulation & Production of Eagle Ford Laterals Technical Process Application Experience Vertical Pilot Logs Used To Select Geo-target to Optimize Both…
Central Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 11,666 Net Leasehold 11,181 Engineered Acreage South Gonzales % HBP 57% Non-Engineered Acreage Top EFS 6,000' to 9,500' Lateral Lengths 5,000' to…
Eastern Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 12,136 Engineered Acreage Net Leasehold 10,878 Non-Engineered Acreage % HBP 33% Top EFS 6,500' to 12,000' Lateral Lengths 4,000' to 8,000'…
Conventional Assets Stability & Free Cash Flow
Conventional Assets 2.2 MMBOE- Proved Reserves 1 79% Crude Oil 5% of Lonestars Total Proved Reserves 660 BOEPD- 4Q15 Production North Texas 60% Crude Oil & NGLs 8% of Lonestars Total Production Long-Lived Reserves with Low…
Appendix
High Caliber Management Team (Contd) Executive Previous Experience Biography Engineer with 13 years of experience in drilling and completions Joe Young Positions of increasing responsibility at Schlumberger Manager Drilling &…
Glossary 1P reserves means proved reserves. 2P reserves means proved plus probable reserves. bbl means barrel. boe means barrels of oil equivalent, determined using a ratio of 6 Mcf of natural gas to 1 bbl of condensate or crude oil…
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