WRD Has Built a Premier Platform for Growth Key Investor Considerations Premier Acreage Positions in the Eagle Ford and North Louisiana 2nd Largest Eagle Ford Position: Recently announced Total Company acquisition increases Eagle Ford…
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. 385 Sanchez…
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…
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,…
Leading Industry Metrics at a Compelling Valuation Enterprise Value / EBITDAX Production Growth 10.0 100% 8.9x 83% 8.0 7.0x 80% 5.9x 60% 6.0 60% 43% 4.0 3.4x 40% 34% 2.0 20% 0.0 0% EV/2017E EBITDAX EV/2018E EBITDAX 2017E…
Acquisition Overview Transaction Summary Asset Overview WRD agreed to acquire 111,000 net acres and 7.6 Mboe/d of net production from Robertson Anadarko Petroleum Corporation (Anadarko or APC) and affiliates of Kohlberg Kravis…
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…
Completion Evolution Has Led to Superior Well Performance and Increased Returns WRD Eagle Ford Completion Design Evolution Gen 3 completion designs coupled with restricted choke management have increased EURs Currently testing Gen 4…
Proximity to Gulf Coast Leads to Advantaged Oil Pricing WildHorse regional location Comparative Basin Differentials (1) provides lower operating costs and better realized pricing due to proximity to demand centers for (7.51) oil,…
Eagle Ford Wells Outperform Competing Basins and Peers on Cash Margin Cash Margin: WRD Eagle Ford vs. Competing Basins(1) (1Q 2017) /Boe 60.00 51.81 51.81 51.81 51.81 51.81 51.81 Q1 2017 Average WTI Price 8.54 11.64 12.12…
III. North Louisiana Overview 16
North Louisiana Acreage Position Contiguous Position in the Prolific Terryville Field 103,722 net acres across four areas in Bellevue Timber 16-9 HC-1 (MRD) Horizontal Well Activity(1) Wright 13-24 HC 3 (MRD) IP30 = 36.4 MMCFE/D (79%…
RRC Extension Well Update Positive Initial Results Support Step Out Value Completed in the Upper Red Upper Red GIP: 210 Bcf / sq. mile Lower Red GIP: 188 Bcf / sq. mile Based on drilling and analyzing early data from extension wells,…
North Louisiana Wells Outperform Competing Basins and Peers on Cash Margin Cash Margin: WRD North Louisiana vs. Competing Basins(1) (First Quarter 2017) /Mcfe 4.00 3.77 3.44 0.45 3.50 3.37 0.13 0.06 3.31 Q1 2017 0.05 0.12…
IV. Financial Overview 20
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…
Investment Highlights Attractive Acreage Position with Strong Returns Extensive Inventory Supports Multi-Year Growth Story Balanced Asset Portfolio with Significant Capital Allocation Optionality Financial Strength and…
V. Appendix 26
Focused Strategy of 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…
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…
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…
Water Cut and Infrastructure Enhances Premier Returns in Eagle Ford Low Cost Access to Fresh Water Enhances Premier Returns WildHorse Eagle Ford Saltwater Disposal Costs Secured dedicated freshwater supply from freshwater ponds and an…
RCT The Extension of the Terryville Complex RCT acreage is located in close proximity to 3 2 Ates 18 7 HC-1 (WRD) Claiborne Williams 11-12H (Nadel & Gussman) Union IP30 = 16.0 MMcfe/d (98% gas) top performing Terryville Complex and…
WildHorse Position is a Direct Offset to RRC Terryville Field Terryville Field RCT Terryville Complex A A B B Upper Red Lower Red RCT Weyerhaeuser A RRC Terryville Union A Fault Line Regional reservoir continuity Lincoln…
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…
RCT Upper Red Type Curve Economics RCT Upper Red Single Well Summary RCT Upper Red Single Well Type Curve Type Well Assumptions MMcfe/d Cumulative Wellhead EUR (MMcfe) 14,592 Production (Bcfe) Gas EUR (MMcf) 14,275 10,000 Oil EUR…
WRD Ownership Chart Pro Forma Announced 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) Company…
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