Management Presentation and Haynesville Shale Overview 3Q17 Earnings Call November 2017
Value and Growth Investment Opportunity with an Enhanced Balance Sheet, Very High Leverage to the Haynesville and the Ability to Rapidly Grow Volumes, Reserves and EBITDA ASSETS: Haynesville Shale, Eagle Ford Shale and TMS 20+…
Capital Expenditures: Capital Expenditures of 5.4 Million in 3Q17 and 25.8 Million Through 3Q17 Spent on Drilling and Completing Haynesville Wells. Full Year Capex Guidance Back to Original Guidance of 40-50 Million Due to an…
Operations: Franks 25&24 No. 1 (69% WI, 50% NRI) Completion Will Provide Material Cost Savings Due to Lower Completion Costs from Fracking Three Wells Back-to-Back Wurtsbaugh 25&24 Nos. 2 & 3 Wells (55% WI, 39% NRI) Currently…
70,000 60,000 50,000 Eagle Ford 40,000 30,000 TMS 20,000 10,000 Haynesville - 2015 2016 2Q17 3Q17 Dec17 - Total Jan18 November 2017 6
Greenwood- North Louisiana (Haynesville) Waskom / Total Gross/Net Acres: Metcalf/Longwood 38,000/18,500 4,700 Net Ac Average WI/NRI: 40%/29% Acreage HBP: 100% 89 total producing wells (17 Operated) Approximately 250 gross (100…
Haynesville Recent Industry Activity CRK CHK CHK CHK CHK WILL 22&27&34- CRK CRK CHK FLORSHEIM 9-16 HC CA 12&13-15 -15 HC CA 12&13-15 -15 HC Nguyen 5&8-15-14HC 15-15HC - 001-ALT 14 Permitted or HUNTER 28-21HC 1&2 GEPH Unit 1&2…
Recent Haynesville 4,600' Wells 100,000 GDP, Wurtsbaugh 26H 1-ALT (5,000/ft Frac) Average Well Performance 1 Well (4,749/ft Frac) Company Type Curve: 10,000 EUR: 25 Bcf (2.5 Bcf/1,000 ft) Gas Production, Mcfpd Average…
Recent Haynesville 7,500' Wells 100,000 GDP, Wurtsbaugh 25&24 1 (8,800' LL, 4,000/ft Frac) Average Well Performance 21 Wells 20 Wells 15 Wells 21 Wells (2,800/ft Frac) Company Type Curve: 10,000 EUR: 25 Bcf (2.5 Bcf/1,000…
Recent Haynesville 10,000' Wells 100,000 ROTC 2-Well Average (4,000/ft) Average Well Performance 3 Wells (3,200/ft Frac) Company Type Curve: EUR: 25 Bcf (2.5 Bcf/1,000 ft) 10,000 Gas Production, Mcfpd GDP, Wurtsbaugh…
Assumptions Louisiana Type Curve 4,600' Lateral Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 11.5 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.022 Adjustment 1,000 Pricing Average - NYMEX less 0.60 / MMBtu…
Assumptions Louisiana Type Curve 7,500' Lateral Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 18.75 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.022 Adjustment 1,000 Pricing Average - NYMEX less 0.60 / MMBtu…
10,000' Lateral Type Curve Assumptions Louisiana Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 25.0 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.022 Adjustment 1,000 Pricing Average - NYMEX less 0.60 / MMBtu…
Strong 3Q17 Growth in Adjusted EBITDAX - Increased Production On A Much Lower Unit Cost Structure. This Will Continue, Which Will Drive Our Margin Expansion One Operated Rig Running, With 3 Long-Lateral Wells Completed By End of…