Alta Mesa Resources, Inc. Reserves Discussion and Contrast of Production Data and Public Sales Data March 2018
Production Data and Public Sales Data Purpose and scope of analysis Purpose Provide recently-audited EUR data by well Summarize assessment of public data compared to actual production Evaluate 2017 actual average well performance…
Production Data and Public Sales Data Oil data consistent Gas data significantly different Key Point: Unlike states where the producer reports wellhead production to the state regulator body (Texas TRRC, Louisiana DNR), in Oklahoma the…
Year End Proved Reserves Reconciliation with public production data YE 2017 proved reserves based on a distribution of 146 producing wells Oil EURs are broadly consistent north to south; with averages lagging in north (township 19N)…
Alta Mesa Resources Production/Sales Analysis 2015-2017 trending above type curve Detailed well reserves provide confidence in reserve assessments Public oil sales data were derived from DrillingInfo for wells in Alta Mesas…
APPENDIX
Alta Mesa Resources STACK EUR Update 146 Wells Included (Township, Range, Section, Generation) API WELL SEC TWN RNG IP_DATE IP_YEAR AREA TECH_EUR_MBO TECH_EUR_MMCF SEC_EUR_MBO SEC_EUR_MMCF LATERAL 3507325252 Cronkite 1505 4-14MH 14…
Alta Mesa Resources STACK EUR Update 146 Wells Included (Township, Range, Section, Generation) API WELL SEC TWN RNG IP_DATE IP_YEAR AREA TECH_EUR_MBO TECH_EUR_MMCF SEC_EUR_MBO SEC_EUR_MMCF LATERAL 3507324950 Kilgore 2-4H 4 17N 05W…
Alta Mesa Resources STACK EUR Update 146 Wells Included (Township, Range, Section, Generation) API WELL SEC TWN RNG IP_DATE IP_YEAR AREA TECH_EUR_MBO TECH_EUR_MMCF SEC_EUR_MBO SEC_EUR_MMCF LATERAL 3507325245 Themer 1706 6-6MH 6 17N 06W…
Alta Mesa Resources STACK EUR Update 146 Wells Included (Township, Range, Section, Generation) API WELL SEC TWN RNG IP_DATE IP_YEAR AREA TECH_EUR_MBO TECH_EUR_MMCF SEC_EUR_MBO SEC_EUR_MMCF LATERAL 3507324900 LNU 13-3H 28 18N 05W…
Alta Mesa Resources STACK EUR Update 146 Wells Included (Township, Range, Section, Generation) API WELL SEC TWN RNG IP_DATE IP_YEAR AREA TECH_EUR_MBO TECH_EUR_MMCF SEC_EUR_MBO SEC_EUR_MMCF LATERAL 3507325566 Buttercup 1905 1-5MH 5 19N…
Alta Mesa Resources STACK EUR Update Exceptions to Distribution (Township, Range, Section, Generation, Reason) API WELL SEC TWN RNG IP_DATE IP_YEAR TECH_EUR_MBO TECH_EUR_MMCF SEC_EUR_MBO SEC_EUR_MMCF LATERAL REASON 3507325256 Airheart…