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DUG Permian Conference – Ameredev, LLC

Ameredev, LLC · May 25, 2016 · 24 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 – Ameredev, LLC – slide 1
    DUG PERMIAN BASIN THE WORLD CLASS WOLFCAMP MAY 25, 2016
  2. DUG Permian Conference – Ameredev, LLC – slide 2
    Introduction American Resource Development LLC (Ameredev) is an Ameredev Austin-based exploration and production company focused on the acquisition and development of oil and gas properties in the Permian Basin. Formed May 2015 with…
  3. DUG Permian Conference – Ameredev, LLC – slide 3
    Ameredev Management Team TEAM EXPERIENCE Previously Reservoir Engineer for Three Rivers Operating Co I/II Additional roles at Cimarex Energy Co. and ConocoPhillips with experience in Delaware Basin, Anadarko Parker Reese Basin, and…
  4. DUG Permian Conference – Ameredev, LLC – slide 4
    Permian Basin Exploration and Development Experience Delaware Basin Midland Basin 321 wells drilled 189 wells drilled Bone Spring Horizontal Wolfberry Wolfcamp Horizontal Wolfcamp Horizontal Wolfbone Lower Spraberry Horizontal Abo…
  5. DUG Permian Conference – Ameredev, LLC – slide 5
    Permian Basin Transaction Metrics Over Time 35,000 Midland Basin 30,000 Delaware Basin 25,000 20,000 15,000 10,000 5,000 0 2010 2011 2012 2013 2014 2015 2016 % of total transaction value Midland 67% 43% 7% 74% 97% 39%…
  6. DUG Permian Conference – Ameredev, LLC – slide 6
    Permian Basin Horizontal Revolution: Part II Midland Basin Delaware Basin 2010-2014 2016+ Less complexity More geologic complexity More vertical wells Fewer vertical wells Different Normally pressured Overpressured Active…
  7. DUG Permian Conference – Ameredev, LLC – slide 7
    More Complexity and More Risk Midland Basin Delaware Basin EUR/ft Std Dev: 30 Std Dev: 76 7
  8. DUG Permian Conference – Ameredev, LLC – slide 8
    Midland Basin Extensively Vertically Developed Delaware Basin has fewer vertical wells Stratigraphic control Less existing infrastructure Geologic risk 8
  9. DUG Permian Conference – Ameredev, LLC – slide 9
    Rig Activity Retreat to Basin Core December 2014 Rig Activity December 2015 Rig Activity 9
  10. DUG Permian Conference – Ameredev, LLC – slide 10
    Overpressure Big Rates and Drilling Challenges 10
  11. DUG Permian Conference – Ameredev, LLC – slide 11
    Delaware Basin 2008 Eddy / Lea Loving Reeves / Ward South Reeves Delaware Bone Spring Wolfcamp 11
  12. DUG Permian Conference – Ameredev, LLC – slide 12
    Delaware Basin 2009 Eddy / Lea Loving Reeves / Ward South Reeves Delaware Bone Spring Wolfcamp 12
  13. DUG Permian Conference – Ameredev, LLC – slide 13
    Delaware Basin 2010 Eddy / Lea Loving Reeves / Ward South Reeves Delaware Bone Spring Wolfcamp 13
  14. DUG Permian Conference – Ameredev, LLC – slide 14
    Delaware Basin 2011 Eddy / Lea Loving Reeves / Ward South Reeves Delaware Bone Spring Wolfcamp 14
  15. DUG Permian Conference – Ameredev, LLC – slide 15
    Delaware Basin 2012 Eddy / Lea Loving Reeves / Ward South Reeves Delaware Bone Spring Wolfcamp 15
  16. DUG Permian Conference – Ameredev, LLC – slide 16
    Delaware Basin 2013 Eddy / Lea Loving Reeves / Ward South Reeves Delaware Bone Spring Wolfcamp 16
  17. DUG Permian Conference – Ameredev, LLC – slide 17
    Delaware Basin 2014 Eddy / Lea Loving Reeves / Ward South Reeves Delaware Bone Spring Wolfcamp 17
  18. DUG Permian Conference – Ameredev, LLC – slide 18
    Delaware Basin 2015 Eddy / Lea Loving Reeves / Ward South Reeves Delaware Bone Spring Wolfcamp 18
  19. DUG Permian Conference – Ameredev, LLC – slide 19
    Permian Basin Stacked Pay Delaware Basin Midland Basin 0 500 1,000 1,500 System Formation 0 1,000 2,000 3,000 System Formation Bell Canyon Clearfork Delaware Cherry Canyon Clearfork Brushy Canyon Upper Spraberry…
  20. DUG Permian Conference – Ameredev, LLC – slide 20
    Pace of Technological Change Continues Proppant Loading (lbs/ft) Lateral Length 4,000 Midland Delaware 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 20
  21. DUG Permian Conference – Ameredev, LLC – slide 21
    Significant Oil in Place in Both Sub-basins Wells per Section * OOIP RF 6 8 10 16 (Mmbo/640ac) (%) (Mbo) (Mbo) (Mbo) (Mbo) Midland 20 14% 467 350 280 175 Basin 30 14% 700 525 420 263 40 14% 933 700 560 350 Wells per Section…
  22. DUG Permian Conference – Ameredev, LLC – slide 22
    Remote Location Creates Operations Challenges Delaware Basin is more remote Personnel Oil and gas takeaway Materials and equipment 22
  23. DUG Permian Conference – Ameredev, LLC – slide 23
    Execution is Key to Resource Value Q415 pre-hedge realized price (/Bbl) 1,400 Q415 cash margin (/Bbl) Q415 full-cycle margin (/Bbl) 1,200 DRILLING RATE (FEET/DAY) 1,000 800 600 400 200 0 1/2012 1/2013 1/2014 1/2015…
  24. DUG Permian Conference – Ameredev, LLC – slide 24
    Take Aways Delaware Basin acreage value is increasing as its resource value is successfully explored and developed. Geological complexity and decreased activity levels mark key differences between the Delaware Basin today and Midland…

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