Luxe Energy LLC IPAA Private Capital Conference January 26, 2017 Confidential Information
Luxe Executive Team Lance Langford & Jeff Larson have worked together for over 25 years Years of Name Title Prior Experience Experience Chief Executive Burlington Resources Senior Engineer A. Lance Langford 30 Brigham Exploration…
Prior U.S. Onshore Expertise Confidential Information 3
Milestone Accomplishments Prior to Luxe 60 years 6.0 billion 19 Rigs + Combined experience of Lance Langford & Jeff Larson, co-founders Helped build and sell Brigham Exploration Managed capital spend over 3 year period…
Luxe Timeline Jan. 2016 Jul. 2016 Oct. 2016 Luxe acquires Luxe announces Luxe announces 17,000 net execution of definitive 524MM equity acres from sale agreement with commitment Endeavor Energy Diamondback Energy from NGP and…
NGP Partnership NGP has the ability to significantly NGP Natural Luxe Energy increase Luxes equity Resources XI, L.P. management commitments via Carlyle and co- investment opportunities 524MM 250MM Luxes management team has…
Luxe Energy Investment Criteria 1 Lower 48 onshore resource plays 2 Oil-focused basins 3 Opportunity for large, contiguous leasehold positions 4 Operated position Significantly Held-by-Production (HBP) providing development…
Luxe Energy Delaware Basin Confidential Information
Luxe Energy Keys to Success 1 Identify assets with poor performance but good resource potential 2 Continuously track competitor activity 3 Always strive to be the best 4 Maintain multiple ways to create value 5 Execute…
Endeavor and Finley Acquisitions Endeavor Energy Resources Finley Resources 10,700 net acres 6,350 net acres 1,000 Boe/d of production from both vertical and horizontal Rights to Bone Spring and Wolfcamp zones producing wells…
Bank Research has Luxe Acreage in Tier 1 JP Morgan Delaware Core & Tier 1 Areas TPH Delaware IP Heat Maps At Least 2,000 Bbl/Day Wells Sources: EIA Basin Definitions, RigData, TPH Research, DrillingInfo Peak Production based upon…
Strong A&D Market in the Delaware Basin WPX/RKI Exploration Eddy Lea Silver Hill/Concho 7/14/15 1/18/16 2,750MM 290MM Net Acres: 92,000 Net Acres: 14,000 17,935 Adjusted / Net Acre 14,464 Adjusted / Net Acre 22,000 Boe/d…
Key M&A Transactions Prior to Luxe Divestiture Concho/Jetta 1/18/16 361MM Net Acres: 11,738 19,500 Adjusted / Net Acre Ward 3,600 Boe/d Diamondback/Luxe Reeves 7/13/16 Parsley/Anadarko 4/4/16 560MM 136MM Net Acres:…
Luxe Energy Keys to Success 1 Identify assets with poor performance but good resource potential 2 Continuously track competitor activity 3 Always strive to be the best 4 Maintain multiple ways to create value 5 Execute…
Luxe Energy LLC 6500 River Place Blvd. Bldg. 5, Ste. 150 Austin, TX 78730 512-640-7073 www.LuxeEnergy.com Confidential Information