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Permian Basin Acquisition – QEP Resources, Inc.

QEP Resources, Inc. · Jun 21, 2016 · 9 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. Permian Basin Acquisition – QEP Resources, Inc. – slide 1
    PERMIAN BASIN ACQUISITION JUNE 21, 2016
  2. Permian Basin Acquisition – QEP Resources, Inc. – slide 2
    ACQUISITION SUMMARY QEP has agreed to acquire a contiguous acreage position in the core of the northern Midland Basin in Martin County, TX, for approximately 600 million* 10 miles east of existing QEP operations Approximately 9,400…
  3. Permian Basin Acquisition – QEP Resources, Inc. – slide 3
    ACQUISITION ACREAGE LOCATION LEVERAGES PROXIMITY TO EXISTING OPERATIONS Horseshoe Atoll Midland Basin 5 4
  4. Permian Basin Acquisition – QEP Resources, Inc. – slide 4
    ACQUISITION ACREAGE PROVIDES FAVORABLE METRICS COMPARED TO PERMIAN WEIGHTED E&P COMPANIES EV/ Proved Reserves (YE15) 50 45 40 35 30 25 20 15 QEP Permian 10 Acquisition1,2 5 7.89 0 FANG PXD PE LPI CXO…
  5. Permian Basin Acquisition – QEP Resources, Inc. – slide 5
    ACQUISITION RATIONALE Increases oil production as a percentage of total production Adds significant inventory in Permian Basin Over 430 identified horizontal locations in four target reservoirs Additional potential in shallower and…
  6. Permian Basin Acquisition – QEP Resources, Inc. – slide 6
    OFFSET OPERATOR ACTIVITY SUPPORTS POTENTIAL JonesHolton Area 2 Lower Spraberry wells avg. IP24 = 1,062 boed* Sale Ranch Area 13 Wolfcamp B wells avg. IP24 = 2,100 boed* QEP and others continue to deliver strong well…
  7. Permian Basin Acquisition – QEP Resources, Inc. – slide 7
    PREDICTABLE GEOLOGY ACROSS ACREAGE ACQUISITION West East 10.5 miles 10.5 miles ACREAGE SALE RANCH QEP ACREAGE Spraberry Middle Spraberry Lower Spraberry Spraberry Shale Dean Wolfcamp Wolfcamp B Wolfcamp C…
  8. Permian Basin Acquisition – QEP Resources, Inc. – slide 8
    ACQUISITION ACREAGE PRIMARY TARGETS 3,500 feet of oilcharged vertical section 660 750 660 750 1 mile Upside horizontal targets 10
  9. Permian Basin Acquisition – QEP Resources, Inc. – slide 9
    NET ACQUISITION PRODUCTION FORECAST 70,000 Natural Gas NGL 60,000 Oil 50,000 Estimated Net Production (Boed) 40,000 30,000 20,000 10,000 2017E 2018E 2019E 2020E 2021E E = Estimated *Acquisition…

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