Samson Resources II Today II Samson Resources II (Samson or the Company) successfully emerged from bankruptcy on March 1, 2017 3 core asset areas in East Texas / North Louisiana, the Powder River Basin and the Green River Basin…
Samson Asset Portfolio Overview (1) II 1 East Texas / North Louisiana Samson Leasehold Summary Net Acres: 240,000 (98% HBP) 1Q 2017 Prod: 98 MMcfe/d (83% gas) East Texas / North Louisiana Powder River Basin Green River Basin…
PDP Reserve Base with Meaningful Undeveloped Value II Overview of Proved Developed and Undeveloped Reserves Reserves Summary PV-10 (M) Nat. Gas Oil NGL Total 55.00 / 60.00 / NYMEX (1) (MMcf) (MBbl) (MBbl) (MMcfe) 3.00 Flat 3.25…
Extensive, Economic Undeveloped Inventory Across Samsons Assets II Key Points Samson Resources II Gross Location Inventory Samson has identified 7,300 / 4,000 8,000 undeveloped gross / net locations across its asset areas: 7,000…
Significant Reduction in Leverage and Strong Pro Forma Asset Coverage II Key Points Samson Pro Forma Capitalization (Millions) (2) The Company reduced its total debt by 4 B and its annual interest expense by more than Samson…
Commodity Hedge Portfolio (as of 03/24/2017) II Key Points Oil Hedge Positions (1) Samson has active, forward hedge positions to limit 2.0 1.9 65.00 its commodity price risk 1.6 Total 2017 Hedge Positions 1.5 60.00 1.5 Oil…
II II EAST TEXAS / NORTH LOUISIANA ASSET OVERVIEW 7
Overview of the ETX / NLA Asset II Premier Onshore U.S. Natural Gas Resource Play Notable drilling renaissance in the Haynesville and Mid-Bossier has occurred over the past 24 months, driven by enhanced completion designs Increased…
East Texas / North Louisiana Geological Overview II Key Points Play Extents Top tier oil and gas producing basin in the United States multiple stacked pay horizons across large area with extensive and well- developed…
Overview of Samsons East Texas / North Louisiana Assets II Key Points Locator Map Samsons East Texas / North Major Field Areas Louisiana assets include a total of 240,000 net acres across a number of counties / parishes in East…
Significant Haynesville Upside in East Texas Through Optimized Completion Design II Early Generation Texas Completion Optimization Efforts Show Similar Benefit to Louisiana Key Points Haynesville Well Performance 25 Recent enhanced…
Accelerating Activity Across East Texas / North Louisiana II Key Points Active Hz Rigs by Operator (1) Over the past 12 months, the rig count in East Texas / North Louisiana has 4 4 4 4 nearly tripled; from 14 in March of 2016 to…
Substantial Rates of Return Among East Texas / North Louisiana Offset Operators II Key Points Offset Operator Map Due to improvements in EUR and initial production rates, and a recent reduction in D&C costs, operators are…
Numerous Attractive Results Offset to Samsons Position II Haynesville Well Name Operator LL (ft) IP30 (MMcf/d) Prop (lbs/ft) Prod Date 1 CA 12 & 13-15-15 1H Chesapeake 9,747 38.0 (1) 3,000 16-Jun 43 2 PCK 13 & 24 & 25-15-15 1H…
Strong Recent Transaction Valuations Across East Texas / North Louisiana II Key Points East Texas / North Louisiana Transaction Map Recent transactions have implied multiples of 11,000 / net acre Samsons 240,000 net acres lie offset…
Significant Undeveloped Haynesville and Mid-Bossier Inventory II Consolidated Blocks of Acreage in Core Area Key Points Haynesville / Bossier Undrilled Inventory Samson has identified 805 gross / 480 net Haynesville / Bossier…
Large Cotton Valley / Taylor Sands Inventory Driven by Detailed Technical Analysis II Key Points Upper Cotton Valley Trend / Taylor Sand Trend Undrilled Inventory Samson has identified 715 gross / 645 net Undeveloped Locations…
II II POWDER RIVER BASIN ASSET OVERVIEW 18
Overview of the Powder River Basin Asset II Meaninguful Stacked-Pay Oil Resource Play contains 4,000 feet of oil-charged stacked pays, similar to the Permian Basin from a resource perspective Results thus far across numerous…
Powder River Basin Stacked Pay Basin Provides Significant Upside II Key Points Type Log Stratigraphic Column The Powder River basin contains highly Formation attractive stacked pays, which are present across the basin Powder…
Powder River Basin Compares Favorably to Delaware Basin II Key Points Type Log Comparison Over 4,000 gross column in both the Powder Powder River River Basin Basin Delaware Delaware Basin Basin Powder River and Delaware Basins…
Strong Results Across Multiple Formations Offset Samsons Assets II Key Points Powder River Basin Activity Samsons Powder River asset Hartzog Draw Unit 4535H Leavitt Trust 12-4TH Bolt 241-06H Flatbow 212-162 1H Chimney Cone 34-34TH…
Growing Industry Momentum Across the Basin Supports Samson Acreage Potential II Legend Samson Anadarko Anschutz Active Rigs: 1-2 Ballard Active Rigs: 2-4 Q4 16 Net Prod.: 72 MMcfe/d Blackstone Net Acres: 400,000 net acres…
Activity in the Powder River Basin Continues to Ramp II Rig and Permitting Activity Key Points Hz Permits Locator Map Horizontal permits have continued to increase annually 2016 Hz permits in excess of 3,000 Represents a 83%…
Premium Acreage Valuations in Recent Federal Auctions II February & March 2017 Lease Sale Results Key Points February & March 2017 Federal Lease Auction Map The recent Wyoming BLM February and March 2017 lease auctions gave a strong…
Meaningful Development Potential Across Samsons Undrilled Position II Key Points Powder River Basin Undrilled Inventory Samson has identified 3,200 gross / 720 net locations across its Powder River Basin acreage Locations…
II II GREEN RIVER BASIN ASSET OVERVIEW 27
Overview of the Green River Basin Asset II Early Results from Multiple Stacked-Pay Zones Indicates Large Potential for Gas Resource Stacked development potential from the Fort Union, Almond, Lewis Shale and Lance intervals Multiple…
Green River Basin Asset Overview II Key Points Green River Basin Asset Map Samsons Greater Green asset includes a total of Acreage 80,000 net acres across Carbon and Sweetwater Samson Counties, WY B Wells Vertical Acreage is 62%…
Fort Union: An Emerging Play with Multiple Target Benches II Key Points Type Log The Fort Union is a complex stratigraphic section containing sand, silt, shale, and coals with an interbedded source Over 1,000 ft of vertical…
Substantial Remaining Inventory Across Samsons Ft. Union Asset II Key Points Undrilled Vertical Inventory Samson has identified over 1,805 gross Undeveloped Locations / 1,390 net locations across its Green (1,805 gross / 1,390 net)…
II II APPENDIX 32
New Board of Directors II Mr. Mills has nearly 35 years of experience in the oil and gas industry, including public company management experience. Most recently, he served as Chairman of the Board and CEO of Eagle Rock Energy…
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