Samson Resources II, LLC EnerCom Conference Denver, CO II August 21, 2018
Samson Today
Samson Today Samson is focused on delivering shareholder return with a balanced and low risk growth strategy. Strategically Repositioned Pure play Wyoming focused E&P Operator. Company has 198,000 net acres in the Powder River Basin…
Samson Resources II 2017 was a busy year Samsons Evolution Emerged from Bankruptcy on March 1, 2017. Focused on improving balance sheet and becoming a profitable, top-tier oil producer Strategically repositioned the Company from a…
Samson Resources II 2017 was a busy year Samsons Evolution Paid off outstanding debt of 210 MM on September 29, 2017. Put in place a new Credit Facility with an initial Borrowing Base of 120 MM. Focused on managing capital…
Samson Liquidity Current ResourcesSummary II 2017 was a busy year . 2018 Focus Focused on oil production and reserve growth in the Powder River and Green River Basins of Wyoming. 2018 Capital program of 140 - 150 MM. Project…
Samson Liquidity Current ResourcesSummary II 2017 was a busy year . Samsons Liquidity Overview of RBL Credit Facility 106.5 MM Borrowing Base, 0 Drawn Scheduled redetermination on 10/01/2018: Anticipating material increase to…
Powder River Basin Net Acres: 150,000 (84% HBP) Current Prod: 2.7 MBoe/d (89% liquids) Locations: 2,470 gross Highly-economic stacked-pay oil resource with significant industry momentum applying modern completion and drilling designs.…
Stacked Pay Provides Type Log Stratigraphic Column Target Zones Significant Upside Formation Powder River Basin Coal Lance The Powder River basin contains highly attractive Lewis Shale / Teckla Sand stacked pays, which are present…
Growing Industry Momentum in the Powder River Active Rigs: 3 Net Acres: 400,000 net acres Active Rigs: 5 Q2 18 Net Prod.: 32 MBoe / day Yesterday afternoon we introduced two new premium plays Net Acres: 256,000 net acres in the Powder…
Samson Field Development Plan II 15
Deep Inventory Opportunity in the PRB Samsons 150,000 net acres are situated down the Powder River Basins geological axis and strategically located over the Shannon, Niobrara, Frontier / Turner, and Mowry formations. Overall, the…
Samson Position in Powder River Hot Spots Hummingbird Mowry Shale Pressure Gradient Map Hot Spot Deeper Depths = Higher BHP Increased BHT = Higher BHP Subsurface Hot Spots in Basin result in higher than normal bottom hole temperatures…
Powder River Basin Operated Drilling Program Spud the Spearhead Federal 11-2635-40- 75SH well (Shannon Test) on July 19, 2018. D&C capital budgeted in 2018 67.7 MM. 1 Shannon test 1 Frontier test 1 Niobrara test 1 Mowry test 15…
Green River Basin Net Acres: 48,000 (58% HBP) Current Prod: 3.4 MBoe/d (53% liquids) Locations: 845 gross Highly consolidated liquids-rich gas play with strong recent results and highly economic inventory at current prices. II 19
Greater Green River Overview NW SEC 32 Pad SRC 2017/18 Drilled Milagro Federal Unit Boundary Samson has moved to multi well development in NW Sec 32 Pad Conducting down spacing test at 20 acres Exploit Pad development efficiencies…
Type Log Samson Fort Union Generation-2 Outperformance 900,000 16V Gen 2 800,000 Fort Union 700,000 600,000 Lance Cumulative MMcfe 500,000 11V Gen 2 400,000 Fox Hills P50 Gen 1 300,000 200,000 Lewis 100,000 0 0 50 100 150 200 Mesaverde…
Greater Green River Operated Drilling Program Spud 7-well drilling pad on August 2nd Endurance 1595-S32 NW Pad. Should be ready to complete first wells in November 2018. Offset to recent strong drilling performance from the…
The Future Drilling program will delineate acreage position in the PRB and GGR. Focused on maintaining a strong balance sheet while delivering production growth at top tier returns to investors. Excellent asset base in the Powder…
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