Acquisition Overview Transaction Summary Asset Overview On May 11, 2017, WRD announced a 625 million acquisition of 111,000 net acres in Burleson, Robertson Brazos, Robertson, Milam, Washington and Lee counties from Anadarko Petroleum…
Compelling Rationale for Transformative Acquisition Largely undeveloped acreage contiguous to the existing Eagle Ford position 111,000 net acres in the Eagle Ford Increases total Eagle Ford acres by 40% Adds Significant Scale Direct…
Eagle Ford Acreage Growth and Consolidation WildHorse continues to execute on proven strategy of organic leasing and targeted acquisitions to grow our high quality Eagle Ford acreage position to 385,000 net acres Washington January…
Announced Transaction Similar to Clayton Williams Combined acquisition price of 1.025 billion for 269,000 net acres or 2,100/net acre (1) Acquisition Comparison CWEI Acquisition Announced Acquisition Purchase Price 400 million 625…
Pro Forma WRD Will Operate the Second Largest Eagle Ford Position Operator Acreage Positions(1) Net Acreage Positions(1) Eagle Ford Shale (000s Acres) Oil Wet Gas/Condensate Dry Gas EOG Resources 590 (2) WildHorse 274 Acq.…
WRDs Attractive Eagle Ford Acquisition Metrics Bolster Full Cycle Returns WRD has agreed to acquire Eagle Ford acreage at attractive economics per net location on a PDP-adjusted basis Over its last two major Eagle Ford acquisitions,…
Eagle Ford Growth: Significant, High-Quality Scale Eagle Ford Net Acres Eagle Ford Net Locations 4Q16 Eagle Ford Daily Production (Net Acres in 000s) (Locations) (MBoe/d) 450 3,000 20 18.6 2,651 400 385 2,500 16 350 300…
Recent Well Results Outperform and Delineate Extensive Acreage Position WRD Gen 3 wells continue to outperform 91 Boe/ft type curve across the acreage Horizontal Well Activity(1) position 80% of Gen 3 wells drilled to date are…
Gen 3 Design Outperforms Legacy Eagle Ford Development Wells Robertson Well Name Operator Frac Gen Boe/Ft War Wagon 2 Well Pad APC 1 43 Well Name Operator Frac Gen Boe/Ft Misfits 2 Well Pad APC 1 36 Candace 1H WRD 3 138 Zemanek 2…
WildHorse Acreage Positioned in the Highly Productive, Liquids-Rich Eagle Ford Geology matters: Top of Eagle Ford Structural Map Gross Thickness Isopach Map Gas to oil ratio 0 20 0 20 Miles Clay content Miles Milam Shallow…
Consistent Geology Across WRDs Eagle Ford Position Burleson County Brazos County A A Austin Chalk Paul 134 2H Offset Well Eagle Ford Shale Target Zone A A Buda 12
Acquisition Further Extends Deep Inventory of Economic Locations Net Horizontal Locations by Area Inventory Breakevens (10% Pre-tax IRR) Net Locations(1) Net Locations Multiple decades of drilling 3,299 Net Locations 3,500 3,500…
2,000 Net Locations with Highly Economic 91 Boe/ft Type Curve Eagle Ford Single Well Summary 91 Boe/ft Type Curve (with all 23 Gen 3 well results) Type Well Assumptions Wellhead EUR (MBoe) 555 Boe/d Oil EUR (Mbbl) 497 1,000 % Oil…
Acquisition Structure and Financing Overview Key Transaction Details Pro Forma Capitalization 3/31/2017 Acquisition Pro Forma 625 million acquisition consideration: ( in millions) Status Quo Adj. Acq. 121 million revolving credit…
WRD Perpetual Convertible Preferred Equity Summary Issuer WildHorse Resource Development Corporation (NYSE: WRD) Purchaser The Carlyle Group, through its U.S. buyout fund Carlyle Partners VI Size 435 million Date of Original Issue…
Updated FY 2017 Guidance; Pro Forma for Acquisition Expect to allocate a portion of our 2017 development program to higher working interest wells in and around the acquired acreage Updated Guidance reflects 1 MBoe/d in outperformance…
WildHorse Commodity Hedging Overview Pro Forma for Acquisition WildHorses commodity risk management policy provides for hedging estimated production from total proved reserves Proactive policy reduces WildHorses exposure to movements…
Key Acquisition Benefits for WildHorse P Acquisition Increases WRDs Highly Contiguous Eagle Ford Acreage Position by 40% P Positions WRD as 2nd Largest Eagle Ford Operator with 385,000 Pro Forma Net Acres P Significant…
WRD Has Built a Premier Platform for Growth Premier Acreage Positions in the East Texas Eagle Ford and North Louisiana Over-Pressured Cotton Valley Total Company Net Acres (1) 489,000 Proved Reserves (MMBoe)(2) 175.4 % Liquids 68%…
Appendix 21
WRD Ownership Chart Pro Forma Acquisition Closing NGP and The Carlyle Group 435MM Series A Perpetual KKR Public Stockholders Management(1) Convertible Preferred Stock 55.4%(2) 23.8%(2) 4.8%(2) 16.1%(2) WildHorse Resource…
Reconciliation of Adjusted EBITDAX This presentation and accompanying schedules include the non-GAAP financial measure Adjusted EBITDAX. The accompanying schedule provides a reconciliation of the non-GAAP financial measure to its most…
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