Enercom-The Oil and Gas Conference Clay Gaspar, Chief Operating Officer August 15, 2017 1
Continuing to Execute OPERATIONAL TRANSACTIONAL Increasing 2017 annual oil growth Announced Permian Midstream JV guidance from 30% to 40% agreement which includes upfront cash and capital carry 3rd Bone Spring well 30-day average…
Positioned for Success in 2017 and Beyond STRATEGIC ACTIONS TAKEN: High-grading portfolio Locked-in strong hedge position Maintained solid liquidity BELOW 2.5x NET DEBT/EBITDAX BY YE 2018 Service cost agreements in place…
Staying Ahead in Securing Infrastructure in the Delaware GATHERING REGIONAL END MARKET OIL CRUDE GATHERING SYSTEM SIGNED CRUDE TAKEAWAY SIGNED AGREEMENT TO AGREEMENT WITH ORYX WITH GULF COAST OWNERSHIP STAKE GAS GAS…
Delaware Overview STATELINE WOLFCAMP D DELAWARE BASIN DELINEATION AND WELL RESULTS 135,000 net acres 6,400+ gross locations1,2 50% oil/30% gas/20% NGLS CUM MBOE CHAVES LEA DAYS ON PRODUCTION EDDY OPERATIONAL UPDATE…
Williston Overview 250 2017 WELL PERFORMANCE WILLISTON BASIN 200 AVERAGE BY PAD 85,000 net acres 150 570 gross locations CUM MBOE 87% oil/6% gas/7% NGLS 100 50 BURKE DIVIDE 0 0 30 60 90 120 150 180 DAYS ON…
San Juan Overview 100 2Q WELL RESULTS SAN JUAN BASIN 90 ADJUSTED FOR LATERAL LENGTH (7,500) 80 235,000 net acres 70 4,635 gross locations1 CUM OIL MBBLS 60 30% oil/58% gas/12% NGLS 50 40 LA PLATA ARCHULETA 30…