1 Energy Corporation Investor April 4, presentation 2017
Page 3 Resolute Energy overview Delaware Basin focus Transforming towards a Delaware Basin pure-play 26,800 gross (21,000 net) acres1 Drilled 22 horizontal Wolfcamp A/B wells through 2016 470 gross (411.9 net) operated Wolfcamp…
Page 4 Recent Company developments Strong results from recent downspacing tests WCA mid-length Production data (Boe per day) downspaced pair 24 hour 30 day 60 day Uinta 2,481 2,128 2,061 Boucher 2,651 2,292 2,107 Increased…
Page 5 Delaware Basin production growth Up 489% since 1Q15 Quarterly production and percent of total company New gross producing horizontal wells 3 0 0 0 2 3 3 4
Page 6 Reeves County drilling program 2017 activity 2017 program Resolute acreage Bronco Acquired acreage Planned location 23 20 Flowing back 16 Completing 17 TD/Waiting on completion 13 Drilling 14 21 8 9 18 22 19 10 1 11…
Page 7 Recent operations timeline Nov Dec Jan Feb Mar Apr Renegade L02H Renegade U03H S. Elephant U04H Harpoon L05H N. Mitre L07H Drilling Pipeworks B05H Completing Pipeworks L06H Producing S. Goat U01H Q1 production growth…
Page 8 Wolfcamp A/B development Effective resource recovery 575 700 of Wolfcamp A and B reservoir 24 wells/section (470 gross wells) Excellent results throughout Wolfcamp A, opportunity to drill multiple zones per location…
Page 9 Downspacing tests Mustang Three downspacing tests are in 3 2 1 various stages of operation Will further prove up inventory Resolute acreage Drilling Producing TD/Waiting on completion 1 Uinta/Boucher 2 Renegade pair 3…
Page 10 Expanding asset inventory Significant potential Wolfcamp Wells per zone Gross well Nearby successful tests zone Base Upside inventory1 X - 4 44 X/Y Y - 4 44 D Upper A 8 - 155 Development Lower A 8 - 155 X/Y Upper B…
Page 11 Completion design More proppant, tighter clusters All completions have used plug and perf with slickwater Increasing proppant, fluid levels and number of clusters while tightening the spacing 2015 2016 2017+ Sand 1,200…
Page 12 Delaware Basin type curve economics Long lateral IRR1 Mid-length lateral IRR1 Development type well Wolfcamp A Development type well Wolfcamp A Peak 30-day (gross Boe) 2,605 Peak 30-day (gross Boe) 1,499 EUR (gross…
Page 13 Average Wolfcamp A cum production v. type curve On a cum basis both long and mid-length laterals are tracking type curve Long lateral v. type curve1 Mid-length lateral v. type curve1 Long lateral1 Mid-length lateral1…
Page 14 Acquisition overview Mustang, Appaloosa and Bronco 1 mile Appaloosa Bronco Mustang Resolute acreage Acquired acreage 2,187 net acres adjacent to Resolutes existing operating area in Reeves County Estimate 112 gross…
Page 15 Acquisition overview Bronco project area Bronco Legend/well list 1 2 5 6 1 mile 102 Upper Wolfcamp A Producing 101 1 2 3 4 Upper Wolfcamp A DUC 31 Upper Wolfcamp A Drilling 3 4 32 Wolfcamp B Producing 7 8 5 33…
Page 16 Acquisition overview Southwest Rim REEVES LOVING WINKLER Wink Southern Reeves County Southwest Rim project area CULBERSON 10 miles WARD Barstow Pecos Toyah Balmorhea 0 45,589 Acquired acreage 1…
Page 17 Multi-year production growth Delaware Basin production growth Strong multi-year growth from existing acreage footprint
Page 18 Current hedge positions Current oil derivative positions Bbl/day Percent hedged utilizing Swap Collars Options Term hedged Swaps Collars Options strike Sold put Floor Cap sold call 2017 7,599 37% 63% 0% 53.41 40.00 47.55…
Appendix
Page 20 Aneth Field overview Large, stable, cash-flowing asset Aneth Field 1.5 billion barrels OOIP Produced 446 MMBbl of oil through January 2017 (31% recovery) Ongoing successful CO2 flood CO2 flood opportunities remain across…
Page 21 Quarterly prices and volume 2016 Prices and volume Q1 Q2 Q3 Q4 YTD Average prices: Oil ( per Bbl) 26.63 39.75 39.55 44.15 38.83 NGL ( per Bbl) 4.30 7.64 8.61 12.61 9.80 Gas ( per Mcf) 1.64 1.38 2.49 2.57 2.22…
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