Company Overview Anschutz Exploration Corporation Private O&G company based in Denver Significant capital resources, no debt, long term outlook Extensive experience and success with multiple unconventional plays Current focus on…
Recent PRB Public Announcements EOG Two new premium plays (Mowry/Nio) Over 1,600 undrilled premium locations Increasing activity/development Devon Moving to development mode w/4 rigs Positive Niobrara results Chesapeake Positive…
Reservoir Distribution 39 mi 6 mi AEC 1 AEC 2 AEC 3 Anschutz Vertical Wells 45 miles in total distance New wells with extensive log suites and core data Niobrara Niobrara Very similar reservoir attributes Multiple stacked pay…
Land & Leases Net Acres PRB Lease Terms - Overview 1) 450,000 - Anadarko NRI range of 80% to 87.5% 2) 406,000 - Anschutz Large percentage of acreage HBP 3) 400,000 - EOG 4) 398,000 - Devon Primary terms of 4 to 10 years 5) 275,000 -…
Operations & Drilling Permits State Drilling Permits PRB Operational Highlights 1) 4,445 - EOG State permits secure operations 2) 2,901 - Anadarko outside Federal units 3) 2,474 - Wold Inventory of fully drillable permits 4) 1,437 -…
Anschutz PRB Operated Program 2018 Program: 20 new wells (12 TIL) AEC Core PRB Area Delineation wells - additional zones Development wells ROCE Operational Optimization Learning curve - lowering costs Smart completions tighter…
Recent Turner Well Results IP30 Effective IP30 per Cum Prod Well % oil (BOEPD) Lateral 1000 ft. (MBOE) 1 AEC Remi 2,141 8,072 265 166 (4 mo) 90% 2 AEC Theo 2,187 6,872 318 245 (6 mo) 87% 3 CHK Sund 1,523 7,006 218 440 (12 mo) 78%…
Turner Spacing Economics AEC DSU Analysis Existing Turner HZ wells under similar conditions (thickness, pressure, GOR, etc.) Variables reduced utilizing only one operator with ten DSUs with different well spacing and sufficient…
Recent Niobrara Results Cum IP30 IP60 Effective Well Production % oil (BOEPD) (BOEPD) Lateral (MBOE) 1 AEC ML UL 1,245 1,145 9,754 98 (3 mo) 86% EOG 2 AEC ML UU 764 698 9,751 63 (3 mo) 86% 3 EOG Ballista 1,455 1,347 9,831 384…
Niobrara Spacing PRB & DJ DJ Summary PRB Niobrara Well DJ Niobrara Well Existing spacing tests in DJ 3 to 4 Nio zones per DSU Current development at 8 to 16 wells per zone and DSU based upon operator objectives PRB Summary…
Mowry Overview Highlights Mature over a very broad area Source for multiple conventional fields and reservoirs Limited number of HZ tests across PRB (25 wells total) EOG Ballista & Flatbow wells Avg. IP30 = 2,170 BOEPD Four…
AEC PRB Net Production Forecast AEC operated rig schedule for the southern PRB 2018 = 1.5 2019 = 2.5 2020 = 4 Over 1,000 net core locations (Niobrara, Turner and Mowry) within Converse & S. Campbell Counties CONFIDENTIAL 14
Summary Oil rich basin with proven 5,000 foot column of multiple stacked pays 14 productive horizontal targets distributed across the basin Considerable upside potential with basin wide source rocks PRB well results are exceeding…