Management Presentation and Haynesville Shale Overview 2Q17 Earnings Call August 2017
Value and Growth Investment Opportunity with an Enhanced Balance Sheet, Very High Leverage to the Haynesville and the Ability to Rapidly Grow Volumes, Reserves and EBITDA ASSETS: Haynesville Shale, Eagle Ford Shale and TMS 20+…
Capital Expenditures: Capital Expenditures of 14.1 Million Was Spent on Drilling and Completing the Two Operated Haynesville Wells During the Quarter. Full Year Guidance Reduced to 35-45 Million Three Additional Long-Lateral…
Operated Activity: Drilled and Completed Wurtsbaugh 26 No. 1 (74% WI) with 4,500 Lateral and 5,000 Lbs Proppant Per Foot. Initial Production Rate of 22,000 Mcf/Day Wurtsbaugh 25&24 No. 1 (69% WI) Drilled and Completed with 8,800…
Stock Price Stock Price Stock Price…
70,000 60,000 50,000 Eagle Ford 40,000 30,000 TMS 20,000 10,000 Haynesville - 2015 2016 2Q17 July Exit Total Rate '17 * YE17 Estimate Based on Current Drilling and Completion Schedule August 2017 7
Greenwood- North Louisiana (Haynesville) Waskom / Total Gross/Net Acres: Metcalf/Longwood 37,500/18,500 4,700 Net Ac Average WI/NRI: 44%/31% Acreage HBP: 100% 89 total producing wells (17 Operated) Approximately 250 gross (100…
Haynesville Recent Industry Activity CHK CHK CHK CHK CHK WILL 22&27&34- CRK CRK CHK CA 12&13-15 -15 HC CA 12&13-15 -15 HC Nguyen 5&8-15-14HC Nguyen 5&8-15-14HC 15-15HC - 001-ALT 14 Permitted or HUNTER 28-21HC 1&2 GEPH Unit…
Recent Haynesville 4600' Wells 100.0 GDP Wurtsbaugh 26 1 (5000/ft Frac) Operator 4, Well Number 5 (4,749/ft Frac) Operator 4, Average Well Performance from 7 Wells (Avg. 3600/ft Frac) Operator 4 Well Type Curve (Avg 3600/ft…
Recent Haynesville 7500' Wells 100.0 Wurtsbaugh 25&24 Operator 3, Well 6 / (3472/ft Frac) 1 (4,000/ft Frac) Operator 3, Well 1 (3,683/ft Frac) Operator 3, Well 5 / (3447/ft Frac) Operator 3, Well 2 (3,585/ft Frac) Gas production,…
Recent Haynesville 10,000' Wells 100.0 Wbaugh 25&24 1 ROTC 1 (5,200/ft Frac) (4,000/ft Frac) Operator 1, Well 8 (3,000/ft Frac) Operator 1, Well 12 (1,516/ft Frac) Company Type Curve: EUR: 25 Bcf (2.5 Bcf/1,000 ft) Gas…
4,600' Lateral Type Curve Assumptions Louisiana Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 11.5 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.022 Adjustment 1,000 Pricing Average - NYMEX less 0.60 / MMBtu…
7,500' Lateral Type Curve Assumptions Louisiana Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 18.75 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.022 Adjustment 1,000 Pricing Average - NYMEX less 0.60 / MMBtu…
10,000' Lateral Type Curve Assumptions Louisiana Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 25.0 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.022 Adjustment 1,000 Pricing Average - NYMEX less 0.60 / MMBtu…
Strong 2Q17 Production Growth (40% Sequentially and 100% YOY Growth in Natural Gas Production). Midpoint of Exit Rate (55,000 60,000 Mcfe Per Day) Would Generate 58% Growth Over 2Q17 Volumes Recently Added Operated Rig Planned for…