Recent Highlights & Accomplishments Date Summary Production Growth 12/15/16 Appointed two new Independent Board Members Boed --Donald L. Evans 40,000 --Wayne W. Murdy 35,000 12/12/16 457 million private placement of common stock to…
Rationale for Shift to Enhanced Completion Higher 2nd half 2017 and 2018 production and significant growth in NPV per location in exchange for impact to 1st half 2017 production After IPO, company performed operational review with…
Acquisitions Overview 16,800 net acres in core DJ Basin acreage in two separate transactions for 177 million cash consideration Adds 425 net 1-mile equivalent locations to inventory Active bolt-ons and leasing in the same area…
Ample Liquidity to Execute Growth Plan Liquidity as of 9/30/16 PF(1) Enhanced liquidity profile through issuance of senior unsecured notes and IPO ( in millions) Top tier balance sheet provides several Cash on Balance Sheet 659…
2017 Strategy and Guidance Strategy Guidance Summary Focused on execution 2016 2017 2018 Net Sales (MBoed) 29 48 54 75+% Y/Y Grow production by 66-86% year-over-year, or Exit Rate (MBoed) 32-33 65-70 - over 100% based on exit…
Near-term Growth Supported by DUC Inventory 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 Equivalents Bring Online Breniman 92% 2.0…
Key Investment Highlights DJ Basin Net Acreage(1) Wattenberg-Focused Position of Scale CO 237,000 net acres with 117,000 in core DJ Basin Laramie Kimball Contiguous acreage blocks allow for longer laterals Limited vertical well…
Growing Our High-Quality Inventory XOGs Leasehold Area(1) 1 Potential to add 1,500 incremental gross 1-mile equivalent locations into economic inventory through completion enhancements from Larimer Northern Extension area 2…
Substantial Inventory of Low Breakeven Locations 10% IRR Breakeven WTI 85% of locations(1) economic at 55/Bbl 530 77 3,929 (1) 230 1,617 405 1,071 30 35 45 55 65 70 Total Source: Management data and estimates…
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 Length…
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…
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…
Northern Extension Acreage Overview Highlights Northern Extension Acreage and Offset Permit Activity Position consists of 120,000 net acres concentrated in Northern EOG area of activity EOG Wells Codell Niobrara Weld County Gross EUR…
Efficiency Gains = Sustainable Costs Completion Efficiency per Fleet Unique culture encourages innovation 6.0 2013 2014 2015 2016 5.0 Proven track record of reducing cycle times per well Sand Placed per Day (MM lbs) 4.0…
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 6,000 MBbls…
Appendix 19
Preliminary 2017 Outlook XOG Guidance 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 (MBoed)…
Current Focus on Niobrara and Codell Formations Other Horizons Provide Additional Upside Extraction has producing wells in the Niobrara A, B, C and Codell benches Wattenberg Prospective Horizons Wattenberg Formations Other Major…
Enhanced Completion Type Curve Modeling Enhanced Completion Type Curve Base Type Curve Enhanced Completion Type Curve +10-15% Initial Production BOPD Flatter Decline After 60-90 days +20-50% EUR Days 22
Longer Laterals Lead to Increased Economics Currently 75% of gross 1-mile equivalent identified locations are 1.5 mile or longer laterals Niobrara (Standard Completions) Codell Lateral D&C Cost F&D Cost EUR(2) Identified 1-mile %…
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…
High Caliber Management Team Management Team Name Position Prior Experience Years in Industry Mark Erickson CEO, Chairman and Co-Founder 30+ Matt Owens President, Director and Co-Founder 9 Rusty Kelley Chief Financial…
Board of Directors Name Position Background Mr. Erickson serves as Chairman, CEO and co-founder of Extraction. Prior to this, he served as Mark Erickson Chairman, CEO, Co-founder Chairman and CEO of PRE Resources, LLC from 2010 to 2014…
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,…
Loading...
