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IPAA Private Capital Conference – EXL Petroleum LP

EXL Petroleum LP · Jan 24, 2018 · 10 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. IPAA Private Capital Conference – EXL Petroleum LP – slide 1
    IPAAPresentation January2018
  2. IPAA Private Capital Conference – EXL Petroleum LP – slide 2
    Agenda A Who is ExL Petroleum B Why were we successful raising private equity C Successfully investing private equity Delaware Basin D Successfully investing private equity Midland Basin Page1
  3. IPAA Private Capital Conference – EXL Petroleum LP – slide 3
    WhoisExL Petroleum Companyoverview Midland,TX-basedE&PcompanyfocusedonPermianBasinunconventionalresourceplays FoundedbyDougRobison,DaveFeavel,andMikeLamonica in2005…
  4. IPAA Private Capital Conference – EXL Petroleum LP – slide 4
    WhoisExL Petroleum(Contd) ExL investment/operationalstrategy Utilizerelationships,contacts,andreputation thatExL partnersandstaffhadbuiltoverthe last30+yearstosourceopportunities Highlytechnical…
  5. IPAA Private Capital Conference – EXL Petroleum LP – slide 5
    Whywerewesuccessfulinraisingprivateequity ExL had built a reputation throughout the industry for integrity, honesty, creativity, communication, hard work, intensity, and intelligence all primary components in the building of a…
  6. IPAA Private Capital Conference – EXL Petroleum LP – slide 6
    WhydidwechooseQuantumasourprivateequitypartner We were seeking a true partner who could add value and help build ExL, not just a check book Investment hold period for this iteration of ExL was expected to be much longer than in ExLs…
  7. IPAA Private Capital Conference – EXL Petroleum LP – slide 7
    DelawareBasin ExL drovevaluethroughexecution Keypoints ExL DelawareBasinPosition Uneconomicwellsdrilledbylegacyoperatorscondemnedthe entirearea,butExL sawanopportunitywherepooroperational practices,notrockquality,wereatfault…
  8. IPAA Private Capital Conference – EXL Petroleum LP – slide 8
    AheadofExitingthePositionthroughTwoSuccessfulTransactions Keypoints In June 2017, ExL entered into an agreement to sell 80% of its Block 4 Delaware Basin assets to Carrizo for 648 million plus a potential earn out of 125 million,…
  9. IPAA Private Capital Conference – EXL Petroleum LP – slide 9
    MidlandBasinthesiswasverysimilartotheDelaware Keypoints ExL MidlandBasinPosition Marginalwellsdrilledbylegacyoperatorsreducedfocus aroundtheentirearea,butExL sawanopportunitywhere modernoperationalpracticescouldimproveeconomics…
  10. IPAA Private Capital Conference – EXL Petroleum LP – slide 10
    WhatisnextforExL KeyPoints Recently added 2,500 net acres through acquisitions Two rig Midland Basin drilling program accelerates the pace of land value to PDP conversion Beginning development mode horizontal drilling across six…

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