Strong Management and Financial Partners Rich Frommer President & CEO Private investor with 40-year track record For nearly 100 years, TIAA has been a 35 years in the industry in energy, transportation, real-estate and leading…
GWP Strategy Convert our low cost, low risk, high return inventory into sustainable high margin cash flow, production and reserve growth Management focus on higher High margin operator with an margins, and faster cash-to- cash…
Premier Acreage Position in the Core of the Wattenberg Company Overview* Net Acres 59,899 Proved Reserves (MMBoe) 187 Proved Reserves % Liquids 67% Proved Reserves % Developed 25% Net Daily Sales Production (MBoe/d) 22.1…
Twinning Rigs and Frac Crews 1) FINANCIAL: Reduce Cash-to-Cash Cycle Times Schneider Pad: Dual Rigs In outspend periods, shorter cash cycle reduces leverage and accelerates to free cash flow Lowers F&D and OPEX/Boe 2) OPERATIONAL:…
Proved Reserves Summary 25% increase in proved reserves from YE17 2016 (1) 2017 (2) 2Q18(3) 35% increase in proved PV10 to 2.0 billion from YE17 Proved Reserves (MMBOE) 104 150 187 550% organic reserves replacement since YE12 Proved…
Full Resource Development Up to 30 Wells per Section Up to 30 Wells Per Section Niobrara A, B, C & Codell Up to 30 well average per drilling unit 750 feet inter-well distance within each bench Other operators are drilling on as…
DJ Basin Midstream Infrastructure GWP Gathering Commitments Grand Mesa: NGL Crude Logistics Oil sales contract on with a volume commitment of 5,000 Bbl/d through 2021. Pony Express: United Energy Trading (UET) Oil sales contract with…
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