Extraction Corporate Update and Guidance Presentation December 2016
DJ Basin / Wattenberg Focus DJ Basin Net Acreage(1) Wattenberg-Focused Position of Scale 220,000 Net Acres Extraction leasehold Laramie Kimball Contiguous acreage blocks allow for longer laterals Limited vertical well drainage…
Growing our High-Quality Inventory Building Upon Significant Inventory of Current Risked Locations XOGs Current Focus Area Line of Sight to Doubling High Quality Inventory Potential to add over 1,000 incremental gross 1- mile…
Extensive Inventory of Highly Economic Locations Targeting Longer Laterals The below analysis is based on Extractions inventory of all gross risked locations within our focus area as of 9/30/16 and is adjusted for single-mile…
Focused on Driving NAV Growth Extraction Moving to Enhanced Completions Demonstrated uplift in NPV and EUR NPV increase up to 100% EUR increase up to 50% F&D Cost decrease up to 25% Increase economic inventory Grover / Northern…
Enhanced Completions: Target Area 85% of 2017 Niobrara Completions will be Enhanced Completions Extraction leasehold Enhanced vs Current Design Expected Enhanced Completion Target Area Increased proppant 1,500 /Ft Decreased stage…
Enhanced Completion Early Results and Expected Performance Enhanced Completion Outperformance Oil EUR vs Proppant Placed 120 +50% +40% EUR EUR 100 +30% EUR 80 Oil EUR per Foot (BO/ft) Windsor Cumulative Oil,…
Recent Southern Pads Outperforming Type Curve Southern Pad Locations and Offset Completions(1) Recent Extraction Southern Pad Results(2) CO 80 4 pads 34 wells Larimer 60 Peer 8 Weld Cum oil gross prod (MBbl) 30-day IP…
Southern Acreage and Regulatory Environment State Setback attempt failed to gather enough support and signatures to get on ballot Raise the Bar passed as constitutional amendment with 56% approval making future amendments difficult…
Preliminary 2017 Outlook XOG Guidance XOGs preliminary 2017 outlook reflects a 3+ rig & 3 frac fleets operated program as well as Production additional capital for land, midstream and non- 2016 2017 2018 operated wells Net Sales…
Near-term Visible Growth Supported by High Working Interest Inventory of DUCs Wells in Process at Year-end 2016 Estimated Lateral Gross Net Gross 1-mile Net 1-mile Estimated Pad Name WI (%) Length (mi) Wells Wells Equivalents…
Cash Flow Protection Through Hedges Strong hedge portfolio protects cash flow Maintain a multi-year rolling hedge program 2017 positions: 1,500 MBbls of oil hedged with swaps that have an average swap price of 43.84/Bbl 6,650 MBbls…
Appendix 14
Enhanced Completion Type Curve Modeling Enhanced Completion Type Curve 15
Contiguous Longer Laterals Greatly Enhance Returns and Lower Breakeven Costs Standard Completions 75% of one-mile equivalent locations are 1.5-mile or longer lateral length with that percentage expected to increase over time as we block…
Niobrara 1.5-mile Average Type Curve and Economics Standard Completions Oil Type Curve and Operated Well Production(1) As of November 7, 2016 125 operated Niobrara wells with 30 days of production history; average MBbl Lateral…
Codell 1.5-mile Average Type Curve and Economics Standard Completions Oil Type Curve and Operated Well Production(1) As of November 7, 2016 79 operated Codell wells with 30 days of production history; average MBbl Cum. Average Well…
Non-GAAP Measures The following table presents a reconciliation of Adjusted EBITDAX and Adjusted EBITDAX, Unhedged to the GAAP financial measure of Net income (loss) for each of the periods indicated: For the Three Months Ended For…
Corporate Contact Information Extraction Oil & Gas, Inc. Auditor 370 17th Street PricewaterhouseCoopers LLP Suite 5300 Denver, Colorado Denver, Colorado 80202 7205578301 Independent Petroleum Engineer Ryder Scott Denver,…
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