Pure Play Delaware Basin Operator Leading Delaware Basin small-cap E&P company Lea County Two core operating areas: Northern and Southern 53 gross operated producing horizontal wells Net Acres: 11,500 Inventory: 480 Locations (2) Net…
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 Q318 Highlights 2018 Objectives Average production of 19,750 net BOEPD, Surpass 15,000 BOEPD by Mid-Year 2018 surpassed 20,000 BOEPD in September Delivered Adjusted EBITDAX of 56.7 million, Fully…
Drilling Locations Provide Substantial Inventory 20 Rig-Years of Drilling Inventory with Identified Upside (1) 50 93 80 70 530 480 19 50 61 19 10 45 33 Brushy Canyon Upper Avalon Lower Avalon / 2nd Bone 2nd Bone 3rd…
Northern Delaware Basin Execution Tatanka Fed 1H Type Log Heart of the Delaware Peak Rate: 1,532 BOEPD Sophisticated offset operators (APC, Wolfcamp A Lower EOG, CXO, etc.) actively developing 11 distinct benches over a 4,500 foot…
Strong Northern Delaware Basin Well Performance 3rd Bone Spring Sand Wolfcamp A Upper Wolfcamp A Lower 250 250 250 200 200 200 Cum. Oil Production (MBO) Cum. Oil Production (MBO) Cum. Oil Production (MBO) 150 150 150…
Northern Delaware Basin Type Curve Summary Upper Lower Loving & Lea Type Curves Wolfcamp B 1,200 350 Type Curve Wolfcamp A Wolfcamp A (WCB) (UWCA) (LWCA) 300 1,000 Lateral Length (Ft.) 5,000 5,000 5,000 250 800 Cumulative…
Emerging Southern Delaware Basin Future Growth Area Wolfcamp A Structure White Wolf asset consisting of Parsley (3 Well Pad) CI = 100 Ft 6,925 net acres and 250 locations AVG IP24 311 BOEPD/1,000 Ft across 5 to 6 benches with…
Development On Track In Southern Delaware Basin Pilot Well Wolfcamp Structure Currently drilling new 3-well pad on State Blanco 58, offsetting the Trees State Blanco 58 CI = 100 Ft A003 Estate 77 A001, in the Wolfcamp A State Blanco…
Finding the Sweet Spot in Southern Delaware Basin Wolfcamp A and B A White Wolf A reservoirs are in a < 9.4 Miles < 4.4 Miles localized depositional Sweet Oil in Place Oil in Place Oil in Place Brit Brit Spot between the GR/TOC…
Southern Delaware Basin Type Curve Summary Upper Lower Southern Delaware Type Curves Wolfcamp B 1,200 300 Type Curve Wolfcamp A Wolfcamp A (WCB) (UWCA) (LWCA) 1,000 250 Lateral Length (Ft.) 5,000 5,000 5,000 Completion Gen-3…
Midstream Infrastructure Flexible and Well Positioned for Growth Northern Delaware Ample Transport MidCush Basis 95% Oil Piped as Capacity to Substantially Hedged Core Loving oil and gas gathering provided by Gateway Gathering &…
Water Solutions Gross Water Production - Loving County 160,000 140,000 Currently utilizing 40% of 30 day average (BWPD) available disposal capacity 120,000 155,000 BWPD in Loving County 100,000 Disposal Capacity 80,000…
Profitable Growth With Strong Balance Sheet Average Daily Production (BOEPD) Adjusted EBITDAX (MM) (2) Avg. WTI (/BOE) (3) 170 - 190 15,500 - 17,000 159 55 14,448 5,838 47 2017 2018 TTM 2018 E 2017 2018 TTM 2018 E…
Rosehills compelling investment profile Rosehill is valued below peers based on enterprise multiples. Enterprise Value / 2018 Adjusted EBITDAX (1) 8.0x 6.0x Peer Average = 5.2x 4.0x 2.0x 0.0x ROSE A B C D E F G H I J…
Capital Structure Capitalization and Liquidity (MM) (1) Completed equity offering in late September Cash 51 Issued 7 million shares for net proceeds of 40MM, tripled unaffiliated public float at modest overall dilution Revolving…
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 Gary Hanna Chairman, Interim President and CEO Over 35 years of industry experience with Rosehill since September 2015 Currently Chairman of Energy XXI Gulf Coast Inc.; Former Director of Hercules Offshore…
Board Of Directors Gary Hanna Chairman, Interim President & CEO Over 35 years of industry experience with Rosehill since September 2015 Currently Chairman of Energy XXI Gulf Coast Inc.; Former Director of Hercules Offshore Inc. Former…
24 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…
Non-GAAP Measures The following tables present a reconciliation of Adjusted EBITDAX to net income (loss), the most directly comparable GAAP financial measure for the periods indicated. Q3'18 Q2'18 Q1'18 2018 Guidance 201 Net income…
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