Senate Bill-181 Colorado Senate Bill 181 passed the state legislature on April 3rd and was signed into law on April 16 Notable changes by the legislation are: Allows for local control of oil & gas development, with state and local…
Operating with Local Community Support Voters in Colorado have signaled where oil and gas development is welcome. Larimer Weld Morgan Boulder Broomfield Gilpin Adams Denver Arapahoe Jefferson SRC is a pure play DJ…
Health, Safety and the Environment SRCs Highest Priority Reduce emissions Currently using Tier-4 (low emission) engines utilized in completion fleets Working with service provider to deploy electric hydraulic fracturing pumps…
Comprehensive Drilling Plan (CDP) Mountain View CDP Secures operatorship for SRC across the CDP footprint Permits granted are good for the life of the CDP Regulators welcome the transparency that a CDP provides for all…
Corporate Execution D&C Capex vs EBITDA (MM) Net Debt / LTM EBITDAX Net Daily Production (MBOE/D) (1) Represents 66 guided total 1.8X Represents 2019 CAPEX 584 capex range guided range for 2019 63 EBITDA 51 1.4X 461 1.3X…
2019 Program 2019 Guidance Full year average production guidance : 63 - 66 Mboe/d Total Capex : 425-450 MM 2019 operations funded by operating cash flow Drill 99 gross (90 net) wells and complete 68 gross (62 net) wells in 2019…
Sound Economics in Todays Environment Example Full-Cycle NPV & IRR Per Well Economics 600 MBOE 800 MBOE 1 MMBOE NPV 1.0 MM 3.0 MM 5.0 MM IRR 20% 50% 85% Full cycle Wattenberg well economics are competitive with other major…
Expanding Midstream 2 DCP Midstream OConnor 2 with 200 MMcf/d of processing capacity plus 100 MMcf/d of bypass capacity is in service as of Q3 of 2019 Bighorn permits have been received for 1 Bcf/d of capacity Residue gas and NGL…
Current D&C Operations Golden Eagle Pad: 15 (14 net) wells Waiting on Sanford Pad: 14 (13 Net) ML Completion Beebe Pad: 12 (11 Net) LL Drilling Bost Farm Pad II: 12 (11 net) Stimulation wells in Progress wells 27 wells wells Bost…
SRC Energy Pure play DJ Basin operator with contiguous acreage position 2019 operations funded by internal cash flow Multi-year inventory of high return development Expanding infrastructure Strong balance sheet with 1.3x net…
Hedging Summary as of July 2019 Disclosure on Derivative Instruments The Company has entered, or may enter in the future, into commodity derivative instruments utilizing, price swaps, collars, put or call options to reduce the…
Adjusted EBITDA Reconciliation SRC ENERGY INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) 16
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