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DUG Permian Conference – Silver Hill Energy Partners LLC

Silver Hill Energy Partners LLC · May 25, 2016 · 20 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. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 1
    DUG Permian Conference May 24, 2016
  2. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 2
    Company Overview Silver Hill Energy Partners, LLC and Silver Hill Energy Partners II, LLC (collectively Silver Hill, or the Company) are privately-held, independent exploration and production companies Headquartered in Dallas, TX…
  3. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 3
    Delaware Basin Project Overview Over the past three years, Silver Hill has assembled a large-scale, highly contiguous position in the eastern Delaware Basin Approximately 64,000 gross / 42,000 net acres in northeast Loving &…
  4. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 4
    Growth Strategy Generate superior returns for investors by developing large-scale, lower-geologic risk positions in existing and emerging resource plays Assemble a portfolio of scalable operated positions through a series of…
  5. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 5
    Why the Delaware Basin Delaware Basin Sratigraphy Epoch/ System Series/ Delaware Basin Area where the Management Team has signiRicant Stage experience and expertise Dewey Lake Ochoan Rustler Salado Series of stacked resource…
  6. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 6
    Why Eastern Delaware Acreage ideally situated in the Delaware Basin Key Wolfcamp considerations: 1. DEPTH Deepest Portion of the Basin Top of Wolfcamp 12,000 Wolfcamp structurally Rlat across Silver Hills position 2.…
  7. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 7
    Development Pace in the Delaware Basin 2008-2012 2013 2014 2015 2016 1st Bone Spring Upper Wolfcamp A 2nd Bone Spring Lower Wolfcamp A 3rd Bone Spring Wolfcamp B Avalon Shale Delaware Sands 8 (Brushy Canyon)…
  8. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 8
    Surrounded by Top Tier Operators Active Operators: Devon/Concho Anadarko (Lower WC A, WC B, Avalon) Apache (Upper & Lower WC A, WC B, 3rd Bone Spring, 2nd Bone Spring, ) Concho (Avalon, 3rd Bone Spring) Devon (Upper & Lower…
  9. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 9
    Endurance- White Falcon 16 St 1H COG- Coachman Fee Com 4H AOI Activity Update 2,532 Boe/d IP24 (87% Oil) 1,142 Boe/d IP24 (85% Oil) Hz Delaware 3,661 Lateral- 3rd Bone Spring EOG- WheaXield 16 St Com 701H COG- Gunner 8 Federal…
  10. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 10
    Stacked Pay Provides SigniRicant Drilling Inventory Silver Hill Acreage: D&C MBoe IRR IRR IRR Gross % Oil 64,000 gross (42,000 net) (MM) (6:1) (Strip) (60/2.50) (80/3.00) Inventory Brushy Canyon 5.5 550-785 64% 13-33% 19-47%…
  11. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 11
    The Rapid Evolution of the Wolfcamp A Derisked by increasing industry activity Multiple targets established Upper (X/Y) Middle Lower Optimized completions Decreasing costs Compelling low-risk returns in any…
  12. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 12
    Completion Design Transforms Wolfcamp A 2000 EUR Scatter Plot AOI Wells 1800 2011 - 2013 Wells: 2015 Wells: Silver Hill Operated: Avg EUR: 400 MBOE Avg EUR: 850 MBOE Avg Lat Length: 4,280' 1600 Avg Lat Length: 4,120' Avg Lat…
  13. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 13
    Our Completion Design Upper & Lower Wolfcamp A Wells Diligently studied offset operators and quickly saw that slickwater fracs with increased sand concentrations were producing some of the best results in the area Developed a…
  14. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 14
    Cumulative Production Plot Wolfcamp A All Upper (X/Y) and Lower Wolfcamp A wells drilled in AOI since 2010 15 Silver Hill operated wells in top quartile of all Wolfcamp A wells drilled in the area
  15. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 15
    Increasing Operational EfRiciencies Rig Days 45 25 40 40 36 20 35 Cumulative Well Count 30 29 25 15 Drilling Days 25 20 20 10 15 10 5 5 0 0 16 Q414 H115 H215 Q116 Target Full section lateral wells drilled…
  16. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 16
    Decreasing Operated Well Costs 9,000 25 8,000 7,892 7,197 20 7,000 6,388 6,116 6,000 Cumulative Well Count 5,500 15 Total D&C (M) 5,000 4,000 10 3,000 2,000 5 1,000 0 0 17 Q414 H115 H215 Q116…
  17. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 17
    Single Well Economics Wolfcamp A 1,100 - 1,700 MBOE Type Curves (D&C = 6.3MM) Well Economics Price Case IRR ROI (x) Payout (yrs) PV10 (MM) 5/12/16 Strip Pricing 55 - 100% 4.2 - 7.0 1.0 - 1.9 7.9 - 16.3 60/2.50 Flat Prices 82 - 100%…
  18. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 18
    Where We Go From Here Economic Summary of Wolfcamp A Development 5/12/16 Strip Pricing 60/bbl Flat 80/bbl Flat IRR Payout (yrs) IRR Payout (yrs) IRR Payout (yrs) Current Situation - 4,600' Lateral (1,100 - 1,700 MBOE, 6.3MM D&C) 55 -…
  19. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 19
    Full Scale Development Silver Hill has taken steps to insure infrastructure in place for full scale development Adequate fresh water supply and salt water disposal ability to grow both as needed Field electriRication (currently…
  20. DUG Permian Conference – Silver Hill Energy Partners LLC – slide 20
    Risk-Managed Growth Over Time 40,000 105 35,000 95 NYMEX WTI Prices (/Bbl) / IRR (%) Net Acres / Net Production (BOEPD) 30,000 85 25,000 75 20,000 65 15,000 55 10,000 45 5,000 35 0 25 2012 2013 2014 2015…

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