HAYNESVILLE TIMELINE LA Discovery SRLT 29-1 in Caddo Parish, LA 9/2006 Recompleted SRLT as first Haynesville horizontal 3/2007 Large scale land acquisition started 2008 PXP JV for 1.6 billion in cash and 1.6 billion in…
HAYNESVILLE: WHATS EVERYONE SAYING The Haynesville Its better than you think Heikkinen, Feb. 2017 Is Haynesville About to Make a Comeback Oilprice.com, March 2017 ITS BACK The Haynesville is back IHS, June 2017 An Old Fracking…
THE HAYNESVILLE HEATS UP INDUSTRY DRILLING ACTIVITY LA Drilling activity has increased over three-fold 9/9/2016: 14 2/9/2018: 49 De Soto and Red River parishes lead the activity Baker Hughes Weekly Rig Count 60 50…
GULF COAST HAYNESVILLE ASSET OVERVIEW LA Acreage position is 100% HBP, 25% developed ideal for long lateral development Completions breakthrough is scalable across entire acreage position Unlocking the Bossier Ample takeaway…
A HAYNESVILLE RENAISSANCE GROSS PRODUCTION AND RIG COUNT LA Appraisal HBP Decreased Core Technological Program Acreage Activity Development Breakthrough 2,500,000 40 35 2,000,000 30 Gross Operated Production (Mcf/d) 25…
CHESAPEAKE OWNS THE HAYNESVILLE TECHNOLOGY AND INNOVATION CREATE DIFFERENTIAL PERFORMANCE 30% growth three-rig program over two years Technological Breakthrough Core Development Reservoir modeling, longer laterals, enhanced…
WELL PERFORMANCE EVOLUTION KICKS OFF REVOLUTION LA Decreased Core Technological Appraisal HBP Acreage Activity Development Breakthrough 30 25 2014 2017 continuous Average IP30 20 improvement (MMCF/D) 15 Core area…
OLD CORE VS. NEW CORE LA Completion designs increase field-wide productivity to unprecedented levels Pre-2016 Present Day CA 1H PCK 1H 38 mmcf/d; 10,000' lateral; 31 mmcf/d; 7,000' lateral; 3,000 lbs./ft. proppant 2,700…
D&C PERFORMANCE & COST LA Drilling Cost per Lateral Foot (1) 200% improvement 1,200 In production delivered per rig line from 2015 to 2017 Continued execution 600 Productivity projected to increase due to faster drilling,…
HAYNESVILLE COMPETITIVE ADVANTAGE LA Average Cumulative Gas per Well 7.0 Average Cumulative Gas per Well (bcf) 6.0 17 5.0 16 4.0 14 15 3.0 2.0 10 13 08 09 1.0 0.0 0 2 4 6 8 10 12 14 Month Gulf Coast Acreage…
HAYNESVILLE PARADIGM SHIFT LA Strong across the field 26 wells with IP 30 greater than 30 mmcf/d Two pads, 134 mmcf/d BSNR 1H 37 mmcf/d w/ 9,800' LL BSNR 2H 32 mmcf/d w/ 9,800' LL BSNR 3H 35 mmcf/d, w/ 9,800' LL BSNR 4H 30…
BOSSIER UNLOCKED POTENTIAL LA Longest horizontal and largest completion First 10,000' lateral drilled and completed Reduced cluster spacing with 4,500 lb./ft. Exceptional reservoir quality and pressure Cumulative Production…
WHAT IS THE FUTURE OF THE GULF COAST LA Extending lateral lengths across the play Continuing to optimize completion design Testing enhanced completions in the Bossier Testing different refrac methods Plug and perf with new…