Powder River Basin Overview EnerCom Conference August 2017 1
Anschutz Exploration Corporation (AEC) Overview Denver-based Private E&P 40+ year history in Oil & Gas Proven Management and Technical team Powder River Rockies basin map Green River Single investor/owner Piceance DJ No debt,…
AEC Powder River Assets August 2017 Land 570,100 gross / 340,800 net acres WI*: 60% /NRI*: 82% HBP: 224,450 net acres (66%) Term: 116,350 net acres (34%) Only 22,000 net acres (7%) expires in the next 4 years Wells/Production 226…
PRB Historical Vertical Well Production Reservoirs BO MCF BOE GOR Wells BOE/Well % Oil Upper Cretaceous Teapot 64,248,680 166,979,223 92,078,551 2,599 799 115,242 70% Parkman 65,759,984 45,772,310 73,388,702 696 807 90,940 90% Sussex…
Activity trending up in 2017 Key Points SM Energy EOG Rig count has ramped from 6 rigs to 11 rigs OP JV with 2 rigs active over the past year, and is forecast to rise Schlumberger 30 wells in 2017 Testing Frontier 8 Turner wells in…
PRB Targets and Notable Horizontal Rates IP 30 Day Rates Stratigraphic Column 986 BOEPD (92% oil ) Devon Moore Land Trust 36-68-18 Teckla Teapot 2,333 BOEPD (82% oil) Parkman EOG Bolt 241-06H Steele Shale 1,627 BOEPD (66% oil)…
Mowry & Niobrara Source Maturity Distribution Mowry and Muddy Niobrara and Upper Cret. 13 HZ wells in last 3 years testing Mowry and Muddy Reference: Lawrence O. Anna, 2009, Geologic assessment of undiscovered oil and gas in…
Well Statistics by Basin (2012-2016) Average cost per lateral foot drilled for all basins shows a IP30 per foot results for PRB HZ wells increased at a greater decrease, with the PRB reflecting the largest reduction rate vs. other…
AEC PRB Resource Potential Gross Potential Net Resource Area Main Targets Locations* Potential (MMBOE)** Parkman, Sussex, Shannon, SE Converse 2,116 496 Niobrara A/B/C, Turner, Mowry South Central Parkman, Sussex, Niobrara 1,169…
Summary Oily basin with proven 5,000 foot column of multiple stacked pays 14 identified productive targets distributed across the basin PRB well performance results are comparable with higher profile basins although still in…
Joseph DeDominic Anschutz Exploration Corporation 555 17th Street, Suite 2400 Denver, CO 80202 CONFIDENTIAL 13
Strong well results across multiple horizons Well Results Powder River Basin Selected Well Map Well Name Operator Formation IP30 Frontier Mowry 1 Federal 15W-10-3 H Helis O&G Frontier 1,550 Boe/d Niobrara 2 Hornbuckle 15-33/28H Helis…