Skip to main content 4Q 2017 and 2018 Guidance – Resolute Energy Corp Investor Presentation | Shale Experts
Loading...
Pm

4Q 2017 and 2018 Guidance – Resolute Energy Corp

Resolute Energy Corp · Feb 26, 2018 · 27 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. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 1
    Energy Corporation 2017 Operations Update February 26, and 2018 Guidance 2018
  2. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 2
    2017 operational results
  3. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 3
    Page 4 2017 highlights Positioned for significant value creation Spud 28 wells and placed 27 wells on production, drilled first three Ranger wells in initial nine-well group Exceeded high end of guidance for 4Q17. Permian Basin…
  4. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 4
    Page 5 Permian production growth Quarterly production (MBoe per day) Grew production 8.5x Top tier production growth in the most productive shale play in North America
  5. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 5
    Page 6 2017 Wolfcamp A (WCA) and Upper B (UWCB) results Average peak rates (Boe per day) Zone WCA UWCB Appaloosa Wells 19 6 24 hr. 2,845 2,408 Bronco 30 day 2,515 2,113 60 day 2,270 1,882 Mustang Wolfcamp A Wolfcamp B
  6. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 6
    Page 7 Lower Wolfcamp B (LWCB) and C (WCC) results Peak rates (Boe per day) N. Elephant B201SL Well 24 hr. 30 day 60 day S. Elephant B307SL S. Elephant B307SL 2,254 2,099 1,968 S. Elephant C207SL LWCB N. Elephant B201SL…
  7. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 7
    Page 8 Mustang 2016 and 2017 WCA average well performance1 2016 WCA wells Five wells all of which have at least 360 days of production Cumulative production adjusted for interference and operational overprint matches type curve…
  8. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 8
    Page 9 Appaloosa 2016 WCA average well performance1 2016 Months 9 12 Five wells all of which have at least 360 days of production Months 9 12 Type curve 2016 2016 adjusted for frac hits and downtime Average exceeds type…
  9. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 9
    Page 10 Appaloosa 2017 average well performance1 Wolfcamp A All 2017 Appaloosa Type curve 2017 Individual 2017 wells wells were infill wells drilled adjacent to existing producers Several of these wells have underperformed the…
  10. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 10
    Page 11 Examples of recovery from frac hits Appaloosa South Goat 2204H Mustang Queen City 0302BH Renegade frac hit South Goat U01H frac hit Pipeworks frac hit Daily production Frac hit event Pre-frac hit forecast Typically…
  11. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 11
    Page 12 Year-end 2017 proved reserves Product mix 47% oil and 70% liquids Preliminary reconciliation PV10 1 Proved reserves MMBoe ( million) Year-end 2016 60.3 344.2 Denton divestiture (0.4) (4.3) Aneth divestiture (22.6)…
  12. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 12
    2018 operational plan and capital budget
  13. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 13
    Page 14 2018 development program Three rigs from February to mid-September, two rigs thereafter First nine-well group online in May Plan to drill 42 gross (40.8 net) wells1 Appaloosa Appaloosa focus on Ranger/Mitre areas 19 long…
  14. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 14
    Page 15 Field history leading to 2018 development strategy 2017 results 2018 approach Frac energy Focus on drilling and moves towards contemporaneously completing 2017 infill well pressure sink groups of up to nine wells 2016 well…
  15. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 15
    Page 16 2018 operations timeline1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec N. Elephant WCB Uinta C101H Appaloosa Appaloosa triple Mustang 9 well group Appaloosa triple Drilling Appaloosa triple Mustang triple…
  16. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 16
    Page 17 Cumulative production curves preface Black Solid black line represents the type curve for an unconstrained parent well. This curve has not been altered from previously provided information. The area between the type curve…
  17. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 17
    Page 18 Cumulative production and IRRs Ranger/Mitre 10K WCA Ranger/Mitre 10K WCB 29% of 2018 program 16% of 2018 program Program average IRR more than 100% Program average IRR more than 35% Sandlot 7K WCA Sandlot 7K WCB 36%…
  18. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 18
    Page 19 2018 production targets Permian Basin average full year production grows more than 50% to 30 33 MBoe per day in 2018 Production accelerates significantly through the year resulting in more than 90% increase in production from…
  19. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 19
    Page 20 2018 expenses Annual cash LOE of 60 million Annual G&A expense of 30 to 68 million million to 34 million LOE per Boe1 G&A per Boe1 2 2 Significantly improved cost structure resulting from growing low cost…
  20. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 20
    Page 21 2018 guidance Range 2018 guidance Low High Projected 2018 production Annual MBoe 10,950 12,045 Annual average Boe per day 30,000 33,000 4Q average Boe per day 42,000 45,000 On a volume-weighted basis: Oil 52% Oil and NGL…
  21. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 21
    Page 22 2018 capital guidance detail Range 2018 capital guidance ( million) Low High Projected 2018 net capital expenditures Drilling, completion and well facilities 350 375 Field facilities and other 23 27 Other corporate capital…
  22. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 22
    Page 23 2018 plan metrics1 Expect Permian Basin full year production growth of Production more than 50% compared to 2017 Approximately 56% of capital expenditures will be Capital funded from internal cash flow with sufficient…
  23. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 23
    Page 24 Key takeaways Positioned for significant value creation Core of core acreage position, employing efficient full field development technology Significant production growth year-over-year Costs Dramatically improved cost…
  24. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 24
    Appendix
  25. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 25
    Page 26 Drilling activity Since October 1, 2017 Drilling activity Lateral length Spud to TD Well name Area Zone Status TD date (heel - toe) (days) Uinta C101H M UWCC 8,066 Producing 10/29/2017 25 Ranger U06SL A UWCA 9,700 WOC…
  26. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 26
    Page 27 Completion activity Since October 1, 2017 Completions activity Lateral length First Proppant per Well name Area Zone Frac stages (perf - perf) production foot (lbs) Ace L06H M LWCA 7,699 10/3/2017 31 1,804 South Elephant…
  27. 4Q 2017 and 2018 Guidance – Resolute Energy Corp – slide 27
    Page 28 Production activity As of February 23, 2017 Production activity Lateral length Peak rates (Boe per day) Well name Area Zone (perf - perf) 24 hour 30 day 60 day 90 day Ace L06H M LWCA 7,699 2,735 2,622 2,508 2,341 South…

From the store

Browse maps, data & reports in the Shale Experts store