3 Pure Play Delaware Basin Operator Preeminent Delaware Basin small-cap E&P company Two core operating areas, Northern and Southern Lea County Production exceeded 18,000 net BOEPD in April 2018 Total proved reserves 31,132 MBOE (1)…
4 Profitable Growth And Acquisition Strategy Enhance EUR per capital dollar invested through modifications to drilling and completion techniques and cost reductions Optimize Operations Drive down cash operating costs and improve…
5 Deliver Value Through Execution Recent Highlights 2018 Objectives Grew Q118 average production to 12,256 Surpass 15,000 BOEPD By Mid-Year 2018 BOEPD (77% oil), up 67% compared to Q417 Increased production average for April 2018 to…
6 Significant Reserves Growth High liquids-weighted reserves drive December 31, 2017 Reserves (SEC Pricing) (1) value creation Net Oil Net Gas Net NGL Net Equiv. PV-10 (2) 80% liquids (MBO) (MMCF) (MBBLS) (MBOE) (MM) Proved…
Prolific Northern Delaware Basin Type Log Heart of the Delaware Arguably the best stacked, unconventional resource Lea Co. concentration in North America Sophisticated offset operators (APC, Type Log EOG, CXO, etc.) actively…
Northern Delaware Basin Type Curve Summary Upper Lower Wolfcamp B Loving & Lea Type Curves Type Curve Wolfcamp A Wolfcamp A (WCB) (UWCA) (LWCA) 1,200 350 Lateral Length (Ft.) 5,000 5,000 5,000 1,000 300 Completion Gen-3 Gen-3…
Improving Completion Techniques To Optimize Returns Gen-1 (2013-14) Gen-2 (2015-16) Gen-3 (2017-Fwd) Completion Leveraging service company Internal engineering optimization using Early designs, ramping up learning Designs knowledge…
Strong Northern Delaware Basin Well Performance 3rd Bone Spring Sand Wolfcamp A Upper Wolfcamp A Lower 80 90 80 70 80 70 60 70 60 Cum. Oil Production (MBO) Cum. Oil Production (MBO) Cum. Oil Production (MBO) 60 50 50…
Emerging Southern Delaware Basin Future Growth Area Parsley Wolfcamp A Structure 215 MBO 17 Months White Wolf asset consisting Wolfcamp A Parsley CI = 100 Ft IP 873 BO + 623 MCFPD of 6,505 net acres and 250 Parsley Wolfcamp A IP…
Finding the Sweet Spot in Southern Delaware Basin Acquired 6,505 net acres Jetta Operating (250 locations) Wolfcamp A & B Thickness Reed 3 in Depositional Sweet Spot for 117 Million Rosehill Waha Ward Thickness Wolfcamp A and B…
Development On Track In Southern Delaware Basin Wolfcamp A Structure Surveying, staking and permitting CI = 50 Ft activities have been underway since late January First four well locations will provide a technical framework for…
Southern Delaware Basin Type Curve Summary Upper Lower Wolfcamp B White Wolf Type Curves Type Curve Wolfcamp A Wolfcamp A (WCB) (UWCA) (LWCA) 1,200 300 Lateral Length (Ft.) 5,000 5,000 5,000 Completion Gen-3 Gen-3 Gen-3 1,000…
Profitable Growth With Strong Balance Sheet Average Daily Production (BOEPD) Adjusted EBITDAX (MM) (2) YOY Growth % (1) Avg. WTI (/BBL) (3) 260 - 280 (1) 23,000 - 25,500 19 55.00 7 GR 1 CA 49% % 104 15,500 - 17,000 170 - 190…
Rosehill and Peers Rosehill leads the peer group in cash flow generation per debt adjusted share. 100% Cash Flow Per Debt-Adjusted Share - CAGR (2017 - 2019) 80% 60% 40% 20% 0% XX ROSE A B C D E F G H I J K L M N O P Q R…
Capital Structure In March 2018, the Company entered into a new Capital Structure (MM) March 31, 2018 500 million revolving credit facility maturing in Cash 7 2022, with an initial borrowing base of 150 Revolving Credit Facility 80…
Focused On The Future Profitable Growth Drill And Complete Existing Inventory Of 480 Locations Organic Leasing Accretive Acquisitions Conservative Financial Management Maintain Strong Balance Sheet Grow Cash Flow To Support…
APPENDIX
Experienced Management Team J. A. (Alan) Townsend President & CEO Over 45 years of industry experience with Tema since 2001 Former President of Equitable Resources and CEO of Camelot Oil and Gas BS and Masters in Petroleum Engineering…
Board Of Directors Gary Hanna Chairman Over 30 years of industry experience Currently Chairman of Energy XXI Gulf Coast Inc.; Director of Hercules Offshore Inc. Former CEO and Chairman of EPL Oil & Gas, Inc. prior to sale to Energy…
2018 Guidance and 2019 Preliminary Forecast (1) 2018 2019 Guidance Preliminary Forecast Price Assumptions WTI/HH (2) 55 / 3.00 55 / 3.00 Total Capital (MM) (3) 350 - 375 400 - 475 Production (BOEPD) 15,500 17,000 23,000 25,500…
Non-GAAP Measures The following tables present a reconciliation of Adjusted EBITDAX to net income (loss), the most directly comparable GAAP financial measure and a reconciliation of PV-10 to the standardized measure of discounted future…
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