Citi 2017 Global Energy and Utilities Conference Clay Gaspar, Chief Operating Officer May 11, 2017
1Q Highlights CONTINUING TO EXECUTE: Production growth on track Panther wells exceeding expectations Acquired Delaware acreage at attractive prices with significant upside Drilling and completion spending as expected, no change to…
Delaware Basin: Encouraging Early Results from CBR Spacing Test CBR 9 WELL SPACING TEST: LOVING COUNTY, TX CBR 10H SPACING 11H 12H 13H 15HTEST 17H UPDATE Best representation of full section development and the tightest…
Central Reeves Wolfcamp A Outperforming CENTRAL REEVES RESULTS1 NEW MEXICO 300 TEXAS 275 250 LOVING 225 200 CUM MBOE 175 1 150 3 2 4 WARD 125 100 REEVES 75 1. MAC STATE: 30 DAY AVG: 2,234 BOE/D1,2 (56% OIL) 50…
Williston Basin: Strong, Consistent Results FIRST QUARTER WELL RESULTS 140 120 STRONG INITIAL RESULTS1 100 BEHR PAD AVG 30 DAY RATE: 1,375 BOE/D (80% oil) CUM MBOE 80 CARIBOU PAD AVG 30 DAY RATE: 2,145 BOE/D (80% oil)…
San Juan Basin: Getting Back to Work SAN JUAN GALLUP ACTIVITY UPDATE Focused development in 2017 in the West Lybrook Unit 58 approved drilling permits in Gallup Oil 2 additional units (12,000 acres) in the approval process 26…
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