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3Q 2017 Update – Fifth Creek Energy

Fifth Creek Energy · Nov 22, 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. 3Q 2017 Update – Fifth Creek Energy – slide 1
    Our Fifth Company Built on Proven Principles for Value Creation Photo: Fifth Creeks Critter Creek 562 3Q 2017
  2. 3Q 2017 Update – Fifth Creek Energy – slide 2
    Disclaimer These Discussion Materials include forward-looking statements and projections. All such statements and projections, other than statements of historical fact, regarding the company or its strategies, plans, objectives and…
  3. 3Q 2017 Update – Fifth Creek Energy – slide 3
    Fifth Creek Overview: Strong Team, Great Asset, Terrific Results Management possesses a nearly 20 year track record of success in the DJ Basin The four Bonanza Creek companies returned 1.9 billion on 562 million invested; a 3.3x ROI…
  4. 3Q 2017 Update – Fifth Creek Energy – slide 4
    Hereford Overview: Highly Economic Development in Rural Area Operations and Land Acreage: 58,941 net Inventory (Operated): 793 locations (9,500) Target Zones: Niobrara B and Codell Production: 3,000 net Boe/d % Oil/NGLs: 88%…
  5. 3Q 2017 Update – Fifth Creek Energy – slide 5
    Substantial Proved (NSAI) and Probable Reserve Value Development Summary Through 2021, Fifth Creek will invest 1.2 billion net drilling 249 PUD wells 793 gross operated drilling locations exist across the property with development…
  6. 3Q 2017 Update – Fifth Creek Energy – slide 6
    Initial Four Well Program Applied Advances in D&C Technology WY Program Highlights CO FC 501 (Codell) online Jan. 23 FC 222 FC 504 FC 222 (Niobrara B) online Mar. 17 FC 504 (Codell) online Mar. 29 FC 505 (Codell) online May 19…
  7. 3Q 2017 Update – Fifth Creek Energy – slide 7
    Outstanding Early Performance Highlights Significant Asset Value 140 120 MBOE Type Curve 100 80 FC 222 FC 501 The IP30 oil rate of 1,010 Bo/d for FC 60 222 ranks 5 all-time IP Rates FC 501 FC 222 FC 504 FC 505 peak month for…
  8. 3Q 2017 Update – Fifth Creek Energy – slide 8
    Strong Type Curve Economics Validated by NSAI Fifth Creek Internal Type Curve within 1% of NSAI Economic Summary(1) Well Cost: 5.4 million IP30 (3-stream): 1,070 Boe/d Gross EUR: 590 MBoe NPV10: 4.8 million IRR: 69% Payout: 1.3…
  9. 3Q 2017 Update – Fifth Creek Energy – slide 9
    2017 Drilling Plan Designed to Demonstrate Asset Repeatability FC 222 FC 504 2017 Plan Objectives 3 RC 29-1 3 Wells Drill and complete 15 XRL wells Online: Dec17 Demonstrate consistent performance across the asset FC 501 FC 505…
  10. 3Q 2017 Update – Fifth Creek Energy – slide 10
    EOG Drilled Niobrara Extensively in 2009-2012 Asset History Niobrara A Niobrara B EOG drilled the prolific Jake 2-01H Niobrara C/M discovery well in 2009 launching the Codell modern horizontal development of the Fort Hays…
  11. 3Q 2017 Update – Fifth Creek Energy – slide 11
    Hereford Stacked Pay System Similar to Legacy Wattenberg Proven Producers OOIP Calculations (MMBOE/Section) Proved Producing and Future Upside Zones NBL Hereford Core Watt COP Proven Producers A Chalk Niobrara B Chalk: Major…
  12. 3Q 2017 Update – Fifth Creek Energy – slide 12
    Consistent Target Zones & Attractive Niobrara Thermal Maturity Cross Sections Demonstrate Consistency of Geology Hereford in Oil Mature Niobrara Source Rock Hereford Seismic 12
  13. 3Q 2017 Update – Fifth Creek Energy – slide 13
    A-A: Niobrara North-South Consistent Across Hereford A Fifth Creek - Hereford A B Chalk C Chalk C Marl Codell WY A CO RILD (Deep Resistivity) Green shading 10 ohms DPOR (Density Porosity) Red shading 9% 13 A…
  14. 3Q 2017 Update – Fifth Creek Energy – slide 14
    B-B: Niobrara West-East Consistent Across Hereford B Fifth Creek Hereford B B Chalk C Marl Codell WY B CO B RILD (Deep Resistivity) Green shading 10 ohms DPOR (Density Porosity) Red shading 9% 14 Log flattened on…
  15. 3Q 2017 Update – Fifth Creek Energy – slide 15
    C-C: Codell Consistent Across EOG WY and Hereford C Fifth Creek Hereford C B Chalk C Chalk C Marl Codell C WY CO RILD (Deep Resistivity) Green shading 10 ohms DPOR (Density Porosity) Red shading 9% 15 C Log…
  16. 3Q 2017 Update – Fifth Creek Energy – slide 16
    Fifth Creek Driving Significant Improvement to Operating Costs Historical LOE/Boe 18.00 16.00 14.00 12.00 10.67 LOE/BOE 10.00 8.00 6.00 4.35 4.00 2.00 - Fifth Creek Operations 16
  17. 3Q 2017 Update – Fifth Creek Energy – slide 17
    Hereford Benefits from Established Infrastructure Gas Processing Relationship with Summit Midstream Fifth Creek has priority capacity on 14 MMcf/d of 20 MMcf/d plant capacity Fifth Creek and EOG are in discussions with Summit to…
  18. 3Q 2017 Update – Fifth Creek Energy – slide 18
    Environmentally Responsible Using Smart Engineering Designs Emissions Control Vapor Recovery Facility Design In its engineering of production facilities, Fifth Creek utilizes state-of-the-art vapor recovery systems designed to be…
  19. 3Q 2017 Update – Fifth Creek Energy – slide 19
    Production Hedged at 53/Bbl Crude Oil Hedging Summary Swaps on crude oil at approximately 53/Bbl protect attractive economic returns Management actively reviews hedging and seeks to maintain price protection on at least 50% of PDP…
  20. 3Q 2017 Update – Fifth Creek Energy – slide 20
    Experienced Management Team & Premier Financial Sponsorship Bonanza creek Bonanza creek Energy company resources co.1 1999 2005 2006 2010 2009 2010 2011 2014 Total Investment Total Cash Return Total ROI Average IRR 562 Million…
  21. 3Q 2017 Update – Fifth Creek Energy – slide 21
    Track Record of Operational Execution and Financial Stewardship Bonanza Creek Companies Production (Boe/d) Management Accomplishments and Awards 25,000 Public IPO in December 2011; ultimately achieved a 3 billion 20,000 enterprise…
  22. 3Q 2017 Update – Fifth Creek Energy – slide 22
    Contact Us Michael Starzer Chairman and CEO mstarzerfifthcreekenergy.com Patrick Graham Chief Operating Officer & Corporate Development pgrahamfifthcreekenergy.com Cliff Linhardt Chief Accounting Officer…

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