DUG MidContinent Private Operator Panel October 27, 2016 ALTA MESA HOLDINGS, LP CONFIDENTIAL
Alta Mesa Overview Disciplined focus and concentration of capital STACK Position1 Alta Mesas Core Assets Updip Oil Over Pressured Oil Volatile Oil Weeks Island Wet Gas Dry Gas Alta Mesa Acreage 1Adapted…
STACK Overview Initial delineation and competition ongoing; Development phase next Big Lime STACK a Top North America Play Oswego Lime Multiple formations established by decades of vertical well production Cherokee Shale…
What/Where is the STACK We think JPM offers a good illustration 5
Mississippian Focus: Osage / Meramec Section Cross-Section from Lincoln North Unit to East Hennessey Unit Meramec Unconformity MR Hunton Lime Sylvan Shale 6 6
Chester Wedge a Key Aspect of the STACK Chester Unconformity to Meramec Unconformity Heller SWD Big Lime Alfalfa Oswego Lime Cherokee Shale Prue Sand Chester Skinner Sand Red Fork Sand Subcrop Major Garfield CHESTER…
Our Role in the STACK
Scaling Up for Development Phase People, infrastructure, service providers Drilling and Completions Standard processes developed, consistent performance on all rigs Vendors divided into teams supporting specific rigs Frac spreads…
3D Survey a Key Tool Multi-discipline development 3D Survey Outline Currently completing a very high fold, high frequency, small bin 3D Key for planned development and potential exploration wells 280 sq. mi. Aid in optimizing…
DrillCo JV Pivotal relationship at key time 2016 Alta Mesa Estimated Capital Expenditures Parameters DrillCo funds 100% D&C cost, capped at Alta Mesa Only STACK Drilling 210MM average of 3.2MM/well DrillCo gains 80% working…
Alta Mesa STACK History Organic production growth from legacy leasehold and acquired acreage Organic Growth Augmented by Acquisition Strategy Steady STACK production growth despite price environment The Company has drilled 116…
Consistently Progressive Well Results Alta Mesa is creating its learning curve Alta Mesa has progressively modified Cumulative Production By Generation completion designs in a series of 140 generations, seeking to optimize well…
Osage Oil EUR Distribution 53 wells with current Generation 2 design creates confidence Type Curve Evolution Generation 2 Distribution1 Program Inception (2012) 150 MBO target (5 x 30 MBO / vertical well) Goal: define if…
Operational Parameters Focus on continuous improvement and optimization D&C Trends 7.0 Actual D&C Target Pattern Test D&C 6.0 5.1 4.7 5.0 4.2 MM / Well 4.0 3.4 3.1 3.0 2.5 2.0 1.0 0.0 2012 2013 2014 2015 2016…
STACK Entering Development Phase Significant implications for capital, LOE, services, and more 16
Alta Mesa Spacing Tests Multi-well pad, multi-bench drilling Five Well Spacing Test 2 parent/3 children, 850 days online Four Well Spacing Test 1,200 Middle 4 Siblings, 200 days online Osage 660 Middle 180…
Alta Mesa Focused on development of STACK Large, Contiguous Leasehold Osage productivity demonstrated across footprint, development phase underway Meramec productivity demonstrated vertically, horizontal testing underway Oswego…
Loading...
