HALCN RESOURCES Barclays Energy Conference September 2017
Halcn Resources A Delaware Basin Focused Company Hackberry Draw Prospect (Pecos County) Acreage Position Net Acreage: 26,480 - 96% operated with 78% average working interest - 54% HBP 11 gross wells to be spud in 2017 1st operated…
Decades of Drilling Inventory Gross Remaining Operated Locations (1)(2) Multi-Bench Inventory (Hackberry Draw Assets) Future drilling and upside 5,280 100% Avg. W.I.; Near Term Drilling 77% 10K Ft. Development (WCA, WCB, 1st…
Hackberry Draw (Pecos County) Asset Overview North and South Prospects Key Considerations Hackberry Draw North 80% of acreage and locations Hackberry Draw North Derisked by significant successful drilling across 21,142 Net Acres…
Hackberry Draw (Pecos County) Development Plan Well Layout & 2017 Drilling Plan Key Considerations Majority of long-term development planned to be 10,000 CLL Belle Alexandra 1H Balbo Adrianna West 1H WOC 10-day IP: 1,278 boe/d…
Hackberry Draw (Pecos County) 1 2 CONNIE 1H Halcon BARBARA STATE 1H POL Date 6/12/2015 9/1/2016 EUR Boe/Ft 121 124 Offset Drilling Activity 3 4 5 BERKLEY STATE EAST UNIT 1H ADRIANNA 1H GENEVA EAST UNIT 1H 7/30/2015…
Hackberry Draw (Pecos County) Type Curves (10,000 Lateral) Wolfcamp A Type Well Wolfcamp B Type Well 1,400 1,800 1,200 Avg. EUR: 1,142 Mboe 1,600 Avg. EUR: 1,312 Mboe Normalized Rate (Boe/d) Normalized Rate (Boe/d) Boe/ft: 114…
Monument Draw (Ward County) Asset Overview Acreage Position and Offset Activity Ward County Acreage 15,040 total net acres Monument Draw North Avg. W.I. 100% with NRI of 74.5% 8,320 Net Acres WOC Monument Draw South (6,720 Net…
Monument Draw (Ward County) Development Plan Well Layout Key Considerations 79% of drilling locations planned to be 10,000 laterals 10 horizontal wells to spud and 4 wells to POL in 2017 Sealy Ranch 6901 Pilot (Drilling) 2 vertical…
Monument Draw (Ward County) Type Curves (10,000 Lateral) Wolfcamp Monument Draw South Type Well Wolfcamp Monument Draw North Type Well 2,000 1,600 1,800 Avg. EUR: 1,848 Mboe 1,400 Avg. EUR: 1,432 Mboe Normalized Rate (Boe/d)…
CRMWD 79-1H Performance vs. Type Curve CRMWD 79-1H Cumulative Production vs. Type Curve CRMWD 79-1H Cumulative Production Over 1st 100 Days vs. Normalized 1.8 MMBoe Type Curve (1) 120,000 The CRMWD 79-1H Well has Produced 44%…
Implied Value Per Permian Acre Halcn Trades at A Significant Discount to Permian Pure Play Peers on a Value per Acre Basis 35,000 33,322 33,325 30,000 26,097 25,000 20,000 18,870 15,000 12,979 10,000 5,000 0 Permian…
Q4 2017 & Full Year 2017 Guidance Q4 2017 Full Year 2017 (1) Production (Boe/d) Total 8,000 12,000 27,000 29,000 % Oil 76% 76% % Gas 12% 12% % NGL 12% 12% Capex (MM) D&C Capex (2) 70 300 Infrastructure, Seismic 10 30 and…
Pro Forma Capitalization Highlights Pro Forma Capitalization 50% of Assumed Simple capital Williston Basin HY Debt & Non-Core Exercise of the structure Face Value Actual HK (Operated Assets) 100% of 2L Notes Asset Monument Draw…
Appendix
Hackberry Draw Prospect Geology Compelling Geological Setting with Significant Upside 15 Miles NW SE Wolfcamp A&B Gross Isopach Over 2,700 of Oil Saturated Interval NW Avalon 1st Bone Spring 2nd Bone Spring Datum: Top…
Valuable Infrastructure Assets Across the Delaware Basin Hackberry Draw (Pecos County) Monument Draw (Ward County) Significant infrastructure in place, including a water handling and recycling Contiguous block acreage results in more…
Monument Draw (Ward County) Vertical Well Results & Geology Log Results From Pilot Well Geologic Setting 1,000 feet of pay in 3rd Bone Spring and Monument Draw Acreage is Positioned in a Deeper Wolf Camp Part of the Basin with…
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