1st Quarter 2019 Earnings Presentation NYSE American LLEX Joseph Daches, President and CFO
LLEX First Quarter 2019 Highlights & Achievements 1Q19 oil production of 3.5 MBbls/d (+52% YoY), total production of 6.1 MBOE/d (+75% YoY) LLEX Continues 1Q19 oil, natural gas, and NGL sales revenue increased 23% YoY to 17.7MM to…
2019 Outlook & Guidance Demonstrating Significant Year over Year Production and EBITDAX Growth 2019 guidance generates significant production and associated EBITDAX growth, with a reduced CapEx program compared to 2018 Increased…
First Quarter 2019 Review CapEx Breakdown (MM) Average Daily Liquids Production (MBbls/d) 1Q19 Actual Full Yr 2019 CapEx Proj. Flat production from FYE18 speaks to the quality of our existing production base as only one new well came…
Continued Growth of Proved Reserves 1Q19 Reserve Report Summary (SEC Pricing) 1Q'19 Total Net Reserves PV-10 (MM) 359.7 Oil Gas NGL Total % of PV10 327.8 Category (Mbbl) (MMcf) (Mbbl) Mboe Total (SEC) PDP: 5,879 28,794 2,256…
Operations / Technical Update 7
Recent Technical Developments Highly encouraging production from Tiger 3H (7,634 LL), 6 month cum of 95,000 BO AG Hill 2H (4,550 LL) is an eastern Bone Spring well and currently flowing 400 to 500 Bo/d with flat decline Strong Initial…
Highly Encouraging Bone Spring Results 1.5 mile Lateral, Cumulative Oil Production (Mbo) Bone Spring Type Log GR RT_MH 0 200 0.2 2000 BYCN 200 1.5 Mile BSPG T/C 180 7600 Oil Max IP (Bbl/d) 850 160 Oil Di (%) 76…
Type Curve Economics and IRR The Wolfcamp and Bone Spring Provide Attractive Return Economics in Todays Commodity Price Environment Sensitivity tables assume 1.5 mile Wolfcamp and Bone Spring type curves Expected AFE Range 65 Oil / 3…
Upcoming Well Status & Recent Well Results Upcoming Well Status Well Status Target Count Well Name Lateral Length Flowback 1 Oso 1H Wolfcamp A 1 mile lateral Operations WCA 2 NE Axis 2H Wolfcamp A 1 mile lateral 3 NW Axis 1H…
Midstream Infrastructure and Marketing Technical Update Crude Oil Infrastructure Highlights Gas & NGL Infrastructure Highlights Gathering System Gathering System Imminent commissioning of initial system infrastructure connecting…
Appendix 13
Current Hedging Schedule Jan - Jun 2019 Jul - Dec 2019 2020 2021 WTI Oil Hedges Current Swap Volume (Bbl) - - 278,446 - Average Daily Swap Volume (Bbl/d) - - 761 - Average Price - - 56.21 - Current Collar Volume Long Put (Bbl) 437,000…
Consolidated Statements of Operations For Three Months Ended March 31, 2019 2018 ( in thousands, except share and per share data) Oil and gas revenue 17,697 14,395 Operating expenses: Production costs 4,764 3,263 Gathering,…
Non-GAAP Adjusted EBITDAX Reconciliation (Unaudited) The following table provides a reconciliation of Net Income to the non-GAAP Adjusted EBITDAX for the three months ended March 31, 2018 and 2019 (please see the Disclaimer on slide…
Wobbe Ploegsma VP of Capital Markets & Investor Relations irlilisenergy.com 210.999.5400 NYSE American LLEX
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