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DUG Midstream Conference – Longfellow Energy Lp

Longfellow Energy Lp · Sep 21, 2017 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. DUG Midstream Conference – Longfellow Energy Lp – slide 1
    STACK THE OSAGE RESERVOIR STORY UPDIP OIL LEG Next Step in Completion Evolution: Improves Performance Longfellow Energys Nemaha Project DUG Midcontinent Conference - September 21, 2017 Presented by: Todd Dutton Longfellow Energy
  2. DUG Midstream Conference – Longfellow Energy Lp – slide 2
    ACKNOWLEDGEMENTS David Mitchell - VP Engineering, Longfellow Energy Longfellow Energy Geology Department - Wayne Campbell, Jennifer Eker and Jenny York Alta Mesa Holdings Mike Ellis, Hal Chappelle and Kevin Bourque Malone…
  3. DUG Midstream Conference – Longfellow Energy Lp – slide 3
    The Wisdom of the Experts At least 90% of the recoverable primary oil has been produced from the Sooner Trend Sherad A. Harris Skelly Oil Company, AAPG Bul. V. 59, No. 4, Pg. 634, August 1973 DUG Midcontinent Conference -…
  4. DUG Midstream Conference – Longfellow Energy Lp – slide 4
    STACK ACTIVITY MAP Chester Truncation Woods Alfalfa Updip Oil Leg Garfield Major Nemaha Fault Blaine Dewey Kingfisher Custer DUG Midcontinent Conference - September 21, 2017 4
  5. DUG Midstream Conference – Longfellow Energy Lp – slide 5
    GEOLOGY SW to NE Cross Section Across Kingfisher Co. A Updip Oil Leg A SW NE Meramec Meramec Osage Osage Thickest Woodford source DUG Midcontinent Conference - September 21, 2017 rock underlies Nemaha 5
  6. DUG Midstream Conference – Longfellow Energy Lp – slide 6
    GEOLOGY Type Logs STACK Play - SW to NE across Kingfisher Co. SW Central NE 28/15N/9W 26/17N/7W 14/19N/5W Nemaha Project Osage Osage DUG Midcontinent Conference - September 21, 2017 6
  7. DUG Midstream Conference – Longfellow Energy Lp – slide 7
    STACK OSAGE RESERVOIR Woodford oil source Osage sits right on top of it Oil trapped in micro-darcy rock matrix top seal from Meramec and Chester ductile rock Oil saturation over whole Osage section with gas in solution no free gas…
  8. DUG Midstream Conference – Longfellow Energy Lp – slide 8
    STACK OSAGE GOR IS IMPORTANT You have to touch the matrix rock with a fracture to produce oil (i.e. break new rock). Oil wont move far or fast through micro-pore system from matrix to fracture - millimeters or few inches, per year…
  9. DUG Midstream Conference – Longfellow Energy Lp – slide 9
    NEMAHA PROJECT KINGFISHER AND GARFIELD COUNTIES Longfellow Nemaha Project Stats: 81,000 gross acres (128 contiguous sections) 60,500 net acres (75% average WI) 104 horizontal wells drilled to date 91 Mississippian wells all…
  10. DUG Midstream Conference – Longfellow Energy Lp – slide 10
    NEMAHA PROJECT DRILLING STATS 2012-2015 2017 Total Osage 71 20 * 91 Woodford 8 0 8 Oswego 2 3 ** 5 SWD 4 0 4 Total 86 23 107 Average rig days Osage wells only 34 17 * 7 Longfellow, 12 Alta Mesa, 1 Chisholm ** 1…
  11. DUG Midstream Conference – Longfellow Energy Lp – slide 11
    NEMAHA PROJECT - HISTORICAL FRAC EVOLUTION LF Gen 1.0 LF Gen 2.0 Alta Mesa 2.5* LF Gen 3.0 Dates 2012-2014 2015 2017 2017 Wells Completed 64 3 11 6 Liner UnCemented UnCemented UnCemented UnCemented Style Packers&Sleeves Hybrid…
  12. DUG Midstream Conference – Longfellow Energy Lp – slide 12
    NEW FRAC DESIGN DIFFERENCES Longfellow Gen 3.0 vs. Alta Mesa Gen 2.5 Increased pumping rate to 110 bpm vs. 100 bpm Increased proppant concentration 3.5/gal vs. 2.0/gal Increased and variable viscosity of fluid Pumping based on…
  13. DUG Midstream Conference – Longfellow Energy Lp – slide 13
    NEMAHA PROJECT 2017 RESULTS DUG Midcontinent Conference - September 21, 2017 13
  14. DUG Midstream Conference – Longfellow Energy Lp – slide 14
    NEMAHA PROJECT - 2017 T YPE CURVE (STANDARDIZED TO 4,800 LATERAL) Longfellow Longfellow Alta Mesa Gen 3.0 Gen 3.0 Gen 2.5 b=0.9 b=1.2 b=1.2* Peak Rate-BOEPD 725 725 767 Peak Rate-Oil % 60% 60% 52% 2-Stream EUR - MBO 311 445 303…
  15. DUG Midstream Conference – Longfellow Energy Lp – slide 15
    NEMAHA PROJECT - 2017 WELL ECONOMICS* Longfellow Longfellow Gen 3.0 Gen 3.0 b=0.9 b=1.2 Per Well Cost (MM) 4.20 4.20 IRR 74% 89% Payout (months) 17 16 PV10 (MM) ** 3.94 6.15 * Based on actual average lateral length of 4,475…
  16. DUG Midstream Conference – Longfellow Energy Lp – slide 16
    NEMAHA PROJECT - 2017 RESULTS IP 24 Peak Rate IP 30 Well Flow Day BO MCF BOPD MCFD 1 160 83 44 75 36 2* 11 798 0 475 756 3* 11 715 0 481 794 4 25 270 339 227 343 5 105 413 237 234 106 6 73 591 682 403 652 7 96 492 234 330 217…
  17. DUG Midstream Conference – Longfellow Energy Lp – slide 17
    NEMAHA PROJECT - 2018 DRILLING PLANNED 2018 Planned Wells* Osage Parent Wells (18) Oswego Infill Wells (4) Osage Infill Pilot (4) 2017 Drilled Wells Miss Wells Drilled in 2017 (20) Oswego Wells Drilled in 2017 (3) *…
  18. DUG Midstream Conference – Longfellow Energy Lp – slide 18
    STACK PLAY THOUGHTS The Osage reservoir rock volume exceeds the Meramec Updip Osage oil leg should produce 50+% oil EURs if effectivity stimulated. What we know now about optimizing oil recovery is evolving What is next More…
  19. DUG Midstream Conference – Longfellow Energy Lp – slide 19
    STACK OSAGE THOUGHTS The updip Osage oil leg is highly economic and improving rapidly Longfellow Energy Contact Information: Todd Dutton President email: Todd.Duttonlongfellowenergy.com phone: 972-590-9923 David Mitchell VP…
  20. DUG Midstream Conference – Longfellow Energy Lp – slide 20
    NEW FRAC DESIGN LINER PIPE FAILURE SOLUTION Problem Pumping at high rates and pressure through an uncemented liner anchored by swellable packers causes extreme vibration frequencies causing pipe failure at or near collars in the…
  21. DUG Midstream Conference – Longfellow Energy Lp – slide 21
    NEW FRAC DESIGN Objectives: 1. Overcome the pressure leakoff into the extensive natural fracture system - build net Old pressure and break new rock 2. Create complex new fracture geometry near wellbore to prevent excess pressure…
  22. DUG Midstream Conference – Longfellow Energy Lp – slide 22
    NEMAHA PROJECT PRODUCING GOR PROFILES 2017 Production Year 2012 2013 2014 2015 2016 (8 months) 2012 Wells 2,745 4,934 5,697 8,523 8,028 7,584 2013 Wells --- 4,314 6,043 8,506 10,101 10,653 2014 Wells --- --- 5,546 9,615…

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