DUG Conference Denver-Julesburg (DJ) Basin Rocking it in the Rockies Eric Jacobsen SVP of Operations Extraction Oil & Gas
Extraction Company Overview A leading pure-play DJ operator DJ Basin Net Acreage CO DJ Basin-Focused Position of Scale Kimball Laramie 289,000 net acres with 159,000(1) in Core DJ Basin Contiguous acreage blocks allow for longer…
DJ Basin Overview Large and established basin for over a century Basin discovered in 1900s Began with conventional vertical wells Extracting Optimal Value Tight sand/unconventional A A A A vertical wells with some success B B B…
DJ Basin Geology The Definition of Great Rock 400 of targeted stacked pay, significant oil in place and additional upside 400 of Niobrara and Codell pay being developed 3 distinct benches within Niobrara Interbedded source and…
DJ Basin: Analysts See the Value of the Basin Competitive with all other basins 90 70 % 63 % 83 Breakeven (PV-10, 20:1 WTI:HH Ratio, US / bbl) 80 74 60 % 54 % 70 70 67 64 50 % 58 59 60 55 50 50 48 48 48 48 40 % 41 % 41 %…
Extraction Technical Pioneer & Innovator Continuous improvements from experience that yield additional value Drilling Milestones 60 x 2 mile wells to date Lateral Average Days Patterson 901 drilled +1 million feet of Length (Spud--…
Completion Optimization Best in class technology & process improvements Highlights 6,700 stages and 2 billion lbs of sand pumped in 2018 Average 5 million lbs of sand and 16 stages per day per crew Rigorous downtime management…
Mill Out Operations Dill out, tube up Under-recognized but critically important Safety is paramount Extraction always utilizes snubbing units with workover rigs Transitioned from stick pipe to coil wherever possible Improved coil…
Operations Excellence Continuing to reduce industry-leading drill to TIL cycle times Core DJ Basin Two Mile Cycle Times 30 Flowback Niobrara (Standard Completions) Clean-out Completion Lateral Length D&C Cost F&D Cost EUR Drilling…
Broomfield Development Program World class development project in all phases Ultra-Low Emission Facilities 99.9% of emissions captured No tanks = no venting = more revenue No permanent oil storage All line-powered electrical…
Access to Multiple Gas Processors Provides Diversity Optionality and redundancy allows for efficient growth Extraction DJ Basin Acreage Rocky Mountain Midstream (RMM) Laramie Kimball CO Building a 300 MMcf/d gathering line to…
Extraction Acreage: Minimal Vertical Penetration Less-depleted rock and development excellence drive better well performance compared to offset operators MBo Greeley Area Oil Production(1) 200 180 Cumulative Oil (norm. to 2 mi.)…
Limited Impact in Colorado After Passage of SB181 Expect minimal impact to core drilling inventory Extraction already operates within the spirit of SB-181 in several aspects: Obtaining local Statutory pooling Best-in-Class BMPs…
Extraction Emission Reduction Improvements Exceeding the standard Setting the standard for clean air Extraction Air Quality Elimination of oil tanks, liquids transported via Continued Improvement pipeline* 1 Utility power for gas…
The Extraction Way: Safe, Responsible and Reliable GOLD PLATINUM AWARD 3rd YEAR 1,500,000 LEADER FACILITY WINNER IN A ROW Hours without an GOLD Leader Award Awarded to top 10% 2018 Rocky Mountain Only E&P company employee lost…
Extraction: The Gold Standard in the DJ Value Creation Across the portfolio Best-in-Class project development Drilling, completions, production, facility design Operator of choice Proactive Stakeholder engagement Innovator of new…
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