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Merger with Bold Energy – Earthstone Energy Inc.

Earthstone Energy Inc. · Nov 8, 2016 · 10 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. Merger with Bold Energy – Earthstone Energy Inc. – slide 1
    Combination with Bold Energy Transformational Transaction in the Midland Basin November 8, 2016 1
  2. Merger with Bold Energy – Earthstone Energy Inc. – slide 2
    Bold Provides a Strategic Operated Position in the Midland Basin Operated Position in Core Midland Basin 85% working interest in 20,900 net acres Current Net Production of 2,320 Boepd (63% oil, 84% liquids) 10 wells in progress…
  3. Merger with Bold Energy – Earthstone Energy Inc. – slide 3
    Significant Oil in Place Across the Position Reagan County Wolfcamp Wolfcamp A Wolfcamp B Thickest Wolfcamp shale section in Midland Basin; greatest oil in place Bold current Reagan/Upton inventory 1 Wolfcamp A target 2 Wolfcamp B…
  4. Merger with Bold Energy – Earthstone Energy Inc. – slide 4
    High Quality Pay Across Multiple Zones Reagan County Type Section Reagan Co. Resource Greater than Midland Co. North Midland Central Reagan Dean Dean Wolfcamp A Wolfcamp A Wolfcamp Wolfcamp B Wolfcamp A Upper B Thickness…
  5. Merger with Bold Energy – Earthstone Energy Inc. – slide 5
    Excellent Well Results Surround the Position Permian Resources Parsley Loftin Hughes 13-1212 1H Bast 33-40 4412H Wolfcamp A Wolfcamp Lower B IP30/1000: 215 Boe/d IP30/1000: 122 Boe/d Parsley Bold Char Hughes 7H Bold Hartgrove 22…
  6. Merger with Bold Energy – Earthstone Energy Inc. – slide 6
    Reagan and Upton Well Performance Repeatable well results 1 generate attractive returns at current strip 2 Industrywide completion evolution leading to enhanced productivity Tighter stage spacing and higher proppant loading yielding…
  7. Merger with Bold Energy – Earthstone Energy Inc. – slide 7
    Generational Completion Improvement Midland and Upton Results(1) 200,000 1 MMBOE Type Curve Gen III Bold has begun testing a Gen IV completion in Upton and Midland MS 401HM counties. The evolution of 175,000 HM 451HM Mid Co…
  8. Merger with Bold Energy – Earthstone Energy Inc. – slide 8
    Attractive Production Growth from Ongoing Drilling One rig running with two wells flowing back, one well completing, six wells waiting on completion. Expect to run one to two rigs in 2017 to grow Bold asset production 200% to 400%…
  9. Merger with Bold Energy – Earthstone Energy Inc. – slide 9
    Combined Company Core Midland Basin Presence Acreage Legend Earthstone Operated Position in Core Midland Basin Bold 75% working interest in 26,800 net acres MARTIN HOWARD Combined Company Current Net Production of 7,400 Boepd…
  10. Merger with Bold Energy – Earthstone Energy Inc. – slide 10
    Earthstone A Platform for Steady Growth Since December 2014, Earthstone has evolved from a micro cap, non-op Bakken / Three Forks company to a small cap, multi-basin operator with meaningful exposure to the Midland Basin and Eagle…

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