A Pure-Play Arkoma Stack Growth Company in the U.S. Mid-Continent The OIL & GAS CONFERENCE Denver, Colorado August 21, 2018 1
CORPORATE OVERVIEW Private company headquartered in Tulsa, Oklahoma Equity ownership led by Vortus Investment Advisors www.vortus.com 65,000 net acres in liquids-rich stacked pay basin 1,200 undeveloped drilling locations 70 mmcfe per…
CORPORATE STRATEGY ARKOMA STACK LEADING OPERATOR Consolidated asset base provides increasing profitability Continued focus on higher returns by refining best in class development practices New Arkoma Stack production delivers…
THE ARKOMA STACK PLAY Ottawa Washington Cimarron Harper Nowata Texas Beaver Grant Kay Craig Woods Alfalfa Osage Delaware Woodward Garfield Noble Rogers Major Pawnee Mayes NW STACK Ellis Payne Tulsa Dewey Kingfisher Adair Logan Creek…
ARKOMA BASIN Stacked-pay with a century of production history Prolific basin with 20 productive intervals from 10,000 wellbores dating Age Series Formation Pro Calvin back to the early 20th century. Pennsylvanian DesMoines Senora…
COMPETITIVE ECONOMICS Changing the Curve Shape 80,000 Type Curve 2011 2018 2,500,000 EUR 70,000 Gas (Mmcf) 1,832 4,733 NGL (Mbbls) 318 822 Oil (Mmbls) 19 22 Total (Mmcfe) 3,853 9,797 60,000 2,000,000 CAPEX (000's) 8,200 5,000 250%…
NO SEISMICITY CONCERNS Ottawa Washington Cimarron Harper Nowata Texas Beaver Grant Kay Craig Woods Alfalfa Osage NW STACK Woodward Major Garfield Noble Pawnee Rogers Mayes Delaware Ellis Payne Tulsa Dewey Kingfisher Adair Logan Creek…
ARKOMA PRICING ADVANTAGE Natural Gas Pricing & Differentials to Henry Hub (/MMBTU) As of 10-Aug-18 NYMEX Arkoma Stack STACK/SCOOP Enable East 2.55 Permian (.19) Available capacity to support basins growing production…
PRIVATE EQUITY FUELED GROWTH Upstream Activity Canyon Creek Energy (Vortus Investments) Antioch Energy (Outfitter Energy Capital) Bravo Natural Resources (NGP Capital) Calyx Energy (Old Ironsides Energy) Corterra Energy (White Deer…
COMPETITVE ECONOMICS 100.00% 90.00% Liquid-Rich Production 80.00% 1,200 1,450 BTU gas = 900,000 bbls/NGL production 70.00% NGL + Crude Oil Production = 60% of revenue 60.00% Average of 9,000 ft. lateral 50.00% length across…
For more information please visit: www.canyoncreekenergy.com Luke Essman President & CEO 918-561-6737 lessmancceok.com