Halcn Asset Overview Halcn is a Williston and Delaware Basin focused independent with a multi-year drilling inventory Williston Basin 119,300 Net Acres Total Net Acreage: (2) 155,800 570 Gross Operated Locations Future Gross…
Delaware Basin Update Pecos County Acreage Position Net Acreage: 21,495 - 75% average working interest in existing units - 44% HBP (acreage can be held by running 2 rigs) Current Production: 3,200 boe/d Ward County: - 1,000 boe/d…
Decades of Highly Economic Drilling Locations Gross Remaining Operated Locations (1) Multi-Bench Inventory (Pecos County Assets) Future drilling and upside 5,280 Near Term Drilling 75% Avg. W.I. (WCA, WCB, 1st Bone Spring) 50%…
Pecos County - Asset Overview Pecos County Acreage Position & Offset Drilling Activity Pecos County Action Plan Reeves Two rigs under contract and drilling commenced in HK Operated Rig mid-March 2017 HK Drilling Belle Alexandra 1H…
Pecos County - Development Plan Well Layout & 2017 Preliminary Drilling Plan Key Considerations Majority of long-term development planned to be 10,000 laterals Actively working to block up 1280 acre units to increase long-…
Pecos County - Offset Drilling Activity PRIOR OPERATOR POL Date EUR BOE/ft Offset Activity to Pecos County Acreage 1 CONNIE 1H 6/12/2015 110 2 BARBARA STATE 1H 9/1/2016 129 3 BERKLEY STATE EAST UNIT 1H 7/30/2015 40 4 ADRIANNA 1H…
Pecos County - Type Curves Wolfcamp A Type Well (10,000) Wolfcamp B Type Well (10,000) 1,200 1,600 Avg. EUR: 1,142 Mboe 1,400 Avg. EUR: 1,312 Mboe 1,000 Nornalized Oil Rate (Boe/d) Nornalized Oil Rate (Boe/d) Boe/ft: 114 1,200…
Ward County - Asset Overview Ward County Acreage Position and Offset Drilling Activity Ward County Acreage 15,040 total net acres Avg. W.I. 100% with NRI of 74.5% Southern Tract Option (6,720 Net Acres) Successfully tested…
Ward County - Vertical Well Results & Geology Log Results From Pilot Well Geologic Setting 1,000 feet of pay in 3rd Bone Spring and Ward County Acreage is positioned in a Deeper Part Wolf Camp of the Basin with Great Reservoir…
Ward County - Development Plan Well Layout Key Considerations 93% of drilling locations planned to be 10,000 laterals 1,280 acre units with 10,000 laterals: 10.5 640 acre units with 5,000 laterals: 2.5 Contiguous acreage footprint…
Williston Basin Property Highlights 100% of acreage is HBP Fort Berthold Area (FBIR): 30,300 net acres - 25,700 Operated (68% WI) - 4,600 Non-Operated (2% WI) - 189 remaining gross operated locations Williams County & Other:…
FBIR Type Curve Economics IRR vs. Oil Price: FBIR 300% 250% High Intensity (1,200 Mboe) type curve 200% has an IRR of 120% at strip pricing (2) IRR % 150% 100% FBIR (1,000 Mboe) type curve has an 50% IRR of 111% at strip…
Williston Basin Operations Update Q4 16 FBIR Drilling Results (16 Gross Operated Wells POL) Key Points Continued focus on operating efficiently is driving D&C Costs (MM) Estimated EUR (Mboe) improvements in results 6.2 Consistently…
2017 Guidance 2017E 2017E Production (Boe/d) Capex (MM) Total 38,000 40,000 D&C Capex (1) 300 % Oil 78% % Bakken 65% % Gas 11% % Delaware 35% % NGL 11% Infrastructure, Seismic 30 and Other Capex Operated Rig Count Operating…
Pro Forma Capitalization Highlights Pro Forma Capitalization Assumed Simple capital structure Exercise of the Face Value Actual HK Ward County Adjusted Reasonable leverage Capitalization (MM) 3/31/2017 Option HK Strong liquidity…
Appendix
Pecos County Assets Geology Compelling Geological Setting with Significant Upside 15 Miles NW SE Wolfcamp A&B Gross Isopach Over 2,700 of Oil Saturated Interval NW Avalon 1st Bone Spring 2nd Bone Spring Datum: Top 3rd…
Valuable Infrastructure Assets Already in Place in Pecos County Overview Locator Map Significant infrastructure in place, including a water handling and recycling system, fresh water wells and SWD options Recently constructed…
Williston Basin Fort Berthold Depth of Inventory in FBIR Avg. Avg. North FBIR Wells / DSUs Remaining Gross Operated Locations Estimated EUR DSU (Mboe) (4) 4/15/17 (2) (3) 60 WTI 80 WTI Strip (1) North FBIR 14 10 69 69 69…
Williston Basin Williams County Depth of Inventory in Williams County Avg. Avg. Estimated Wells / DSUs Remaining Gross Operated Locations EUR DSU (Mboe) (4) 4/15/17 (2) (3) 60 WTI 80 WTI Strip (1) Tier 1 4-7 33 127 127 127…
Williams County Type Curve Economics IRR vs. Oil Price: Williams County 140% 120% High Intensity (800 Mboe) type curve has 100% an IRR of 45% at strip pricing (2) 80% IRR % 60% 40% Tier 1 (600 Mboe) type curve has an IRR…
Loading...
