Alta Mesa Resources, Inc. Enercom Dallas 2018 February 2018
Alta Mesa: Sustainable STACK Development Integrated upstream & midstream with fully funded growth and low leverage Disciplined Operations with 10+ year Horizon in STACK Oil Window, growing to 10-12 rig cadence - Highly contiguous…
Alta Mesa Resources Focused on development and consolidation in the STACK Upstream Metrics Net STACK Surface Acres 130,000 Current Net Production (BOE/D) 24,000 % Liquids 69% KFM System Resource Potential (MMBOE)1 1,000 NW…
Progressive Execution through Cycles Track record of growth in production, reserves, leasehold Net STACK Acreage 130,000 Alta Mesa Footprint 102,466 73,512 40,587 44,506 YE13 YE14 YE15 YE16 Current Total Net Production…
Meramec/Osage Natural Fracture Fairways Nemaha Fault Zone Quartz-rich Meramec and Osage zones are intensely fractured near the Nemaha Fault zone Fracture fairways create migration pathways through the matrix Oil and gas is stored…
Meramec/Osage Key Targeted Interval Siliceous siltstone/carbonate section between Chester and Woodford Shales A Meramec Gamma Computed Log Ray Lithology A Osage Meramec Osage Gamma Ray measurement, used as a Flattened…
Meramec/Osage Key Targeted Interval Shelf and natural fractures result from significant uplift of Cambrian/Pre-Cambrian A Nemaha Ridge (Uplift) is nearly 500 miles long Shelf created by basement upthrust resulting in highly…
Production Growth in De-Risked Acreage Consistent growth in STACK oil window Gross Operated Horizontal Production, BOE/Day Wells in STACK Oil Window 40,000 35,000 30,000 25,000 s BOE/D rig 20,000 4-6…
Recent North Area Meramec/Osage Operated Wells Production data Days from 1st Peak Day Peak 30 Day Well Name Landing oil to Peak Rate BOD Avg. BOD 1 2 3 1 Maly 30-M4H Osage 103 531 272 4 11 12 2 Bugabago 2006 1-31MH Osage 163…
Recent South Area Meramec/Osage Operated Wells Production data Days from Peak Day Best 30 Day Well Name Landing 1st oil to Rate BOD Avg. BOD Peak 1 McLovin 1605 1-6MH Osage 13 578 449 2 Aces High 1606 4-11MH Osage 10 647 501…
Top-Tier Results in STACK Oil Window Horizontal Meramec/Osage wells, Kingfisher County Public data illustrate Alta Mesa has significant portion of top quartile producers Cumulative BO 6 Months Cumulative BO 12 Months Cumulative BO 24…
Development Process Underway Spacing test pilots establish basis for development approach Ash-Foster Flowback 100 days Themer Flowback 75 days 2 parent, 8 infill wells 1 parent, 7 infill wells 60,000 60,000 55,000 55,000 50,000…
Drilling Highlights Building on over 250 STACK Horizontal wells in 5 years of development Current Rig Fleet Omaha Latshaw Rig 39 Well Count: 61 Footage: 726,269ft Utah Latshaw Rig 12 Well Count: 50 Footage: 609,808ft Juno…
Completions Key to Value Realization Progressive, Continuous Optimization Completions Proppant, lb/lateral ft 2013 Q1 2014 Sliding Sleeves / Mechanical Packers 2017 Q2 2014 Current Plug and Perf / Swellable Packers Improved frac…
Artificial Lift Optimization Key driver to maximize ROI, EBITDA and optimize reserves Daily Lift Optimization Report Excerpt Well Productivity Focus: Key to Long-Term Value Gas Lift for Initial Well Design Flowback constrained…
Infrastructure LOE reduction, capital cost control, and revenue generation Saltwater Disposal System 100% AMR-owned system; assurance of disposal - 170+ miles SWD pipelines - 11 active SWD wells throughout field area - SWD…
Kingfisher Midstream System Robust, expandable gathering and processing Natural Gas Processing Current processing capacity of 150 Mmcf/d, inclusive of offtake agreements Incremental 200 Mmcf/d Cryo plant in startup 1,200 Bbl/d…
Summary Continued execution facilitates disciplined growth Team 25+ years in Sooner Trend, 5+ years horizontal development Multi-discipline continuous improvement + continual learning Assets Highly contiguous acreage in black oil…
Loading...
