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Enercom Conference – Scotia Howard Weil

Scotia Howard Weil · Aug 17, 2016 · 13 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. Enercom Conference – Scotia Howard Weil – slide 1
    Enercom Howard County August 2016 Small/Mid Cap Exploration and Production Scotia Howard Weil is a division of Scotia Capital (USA) Inc., a member of the Scotiabank group, and represents Scotiabanks energy equities business in…
  2. Enercom Conference – Scotia Howard Weil – slide 2
    Midland Basin Activity Howard County Step-out Results Draw Operator Interest from high quality mid/small caps Core activity has historically focused on the counties of Midland, Martin, Upton, Glasscock, Andrews and Reagan. Capital…
  3. Enercom Conference – Scotia Howard Weil – slide 3
    Rig Activity Increasing Howard County now the 7th most active Permian county Rig Activity in the Permian Source: Company Data, HPDI 3
  4. Enercom Conference – Scotia Howard Weil – slide 4
    Permitting Activity Shows Interest in Howard County Originally a vertical target, the Howard Since mid-2015, Howard County has seen a has clearly seen increased horizontal 35% wk/wk permitting growth interest from operators, even in…
  5. Enercom Conference – Scotia Howard Weil – slide 5
    Geologic Boundary Makes Acreage Quality Important Basin Activity Well Productivity Thins as You Move East in the Basin Almost all well results to date have occurred in the western half of the County. Lower Spraberry Depth Wolfcamp B…
  6. Enercom Conference – Scotia Howard Weil – slide 6
    Operators with Exposure to Howard County ECA Makes a Splash: Howard County received a lot of publicity through the Athlon Energy IPO and subsequent purchase by Encana Corp., for 7,100MM in 2014. While largely dominated by big…
  7. Enercom Conference – Scotia Howard Weil – slide 7
    Early Well Results Look Competitive within Basin Select Well Results (24 hr. rates) Ticker Lease Name Well IP Oil IP Boe Lateral IP/Ft Reservoir 1 Crownquest Guitar Galusha 1H 1,636 1,972 6,385 309 Wolfcamp 2 OXY Adams 1 WA 1,945…
  8. Enercom Conference – Scotia Howard Weil – slide 8
    Early Well Results Look Competitive within Basin Most Productive Wells Drilled to Date (Cumulative Production per Day) 8
  9. Enercom Conference – Scotia Howard Weil – slide 9
    Howard County Zone Delineation Early Focus on Wolfcamp Companies have mainly focused on drilling Wolfcamp A & B wells. Recent operators have cited that these zones look as promising as core Midland basin acreage. Companies…
  10. Enercom Conference – Scotia Howard Weil – slide 10
    Recent Permian Transactions Permian basin continues to lead deal flow in M&A market with double the transactions in 2015 across the rest of the shale plays. Recent overlap into Delaware basin has sparked recent transactions. of…
  11. Enercom Conference – Scotia Howard Weil – slide 11
    Recent Permian Transactions Select M&A Transactions Purchase Current Price ( Net Acres Production ( 000's) / Date Buyer Seller MM) (000's) (boe/d) Proved Mboe 8/8/2016 SM Rock Oil 980 24.8 4,900 163.33 7/13/2016 FANG Luxe Energy 560…
  12. Enercom Conference – Scotia Howard Weil – slide 12
    Howard County M&A Heating Up Within the Permian, Howard County has seen significant deal flow within the last 2 years. Within the last 2 years, Howard County has accounted for almost 50% of transacted value within the Permian Basin.…
  13. Enercom Conference – Scotia Howard Weil – slide 13
    Conclusions While the traditional core counties in the Midland Basin continue to attract the lions share of annual CAPEX, we expect operators to devote more time/capital towards emerging counties like Howard in the coming…

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