Horizontal Targets Stratigraphic Column Horizontal Wells Teckla 2010 to Q2 2019 Teapot % of total drilled Tight sandstones with limited aerial extents, Parkman normal pressure, IP30s of 1,500 BOEPD Steele Shale 588 / 42% Sussex…
Turner Activity and Well Results Turner Well (442) Peak Month LL 180 day EUR AEC Wells % Oil After 1/18 (147) (BOEPD) (ft.) (MBOE) (MBOE) 1) Theo Fed 2,187 6,872 85% 249 1,250 2) Remi State 2,141 8,070 87% 220 1,050 3) 4-well/DSU…
Turner Well Spacing Spacing tests - AEC: 4 well spacing tested (3 DSUs) Avg. IP30 of 12 wells = 980 BOEPD - APC: 3 well spacing test flowing back - CHK: 2 & 3 well spacing tested (multiple DSUs) DVN - DVN: 2 & 4 well spacing tested, 3…
Niobrara Overview Type Log Niobrara within oil window over extensive area (pink) Source rock for Upper Cretaceous conventional production Niobrara AOI Niobrara Multiple targets undergoing Upper testing with new wells…
Niobrara Activity and Well Results Peak Month LL 90 day EUR 2019 Nio well AEC Wells % Oil (BOEPD) (ft.) (MBOE) (MBOE) Spacing Test 1) ML 1E (Chalk) 1,095 9,688 74% 94 1,150 2) ML 1W (Marl) 725 9,682 84% 57 525 EOG 3) Kramer 3W…
Niobrara Production 90 Day Production Distribution AEC Niobrara Wells Production 45 miles between AEC Converse and AEC Campbell Upper Niobrara wells since 2015 Upper Niobrara Chalk wells (black and pink colors) CONFIDENTIAL 10
Mowry Overview Type Log Mowry in hydrocarbon window over very large area (blue) Mowry AOI Source rock for Muddy/Lakota conventional production Proven economic results at 120 ft. todays well cost and completion design…
Mowry Activity and Well Results Mowry Well (44) EOG Announced Mowry Results After 1/1/17 (10) Q2 2019: 2 wells, Avg. IP30 1,950 BOEPD, 54% oil, 9,500 LL Q4 2018; 2 wells, Avg. IP30 2,050 BOEPD, 35% oil, 9,200 LL Mowry AOI Q2 2018; 2…
Anschutz PRB Operated Program Two active drilling rigs, 3rd rig arrives Q4 2019 Drill & Complete: 28 wells (18 TIL) Divided between delineation/spacing tests in 1H and development program in 2H 15 Turner, 9 Niobrara, 1 Mowry, 3 Vert…
Infrastructure Take away and gas processing plants Capacity of existing plus recent projects exceeds current production volumes Additional projects in planning and early development stages Transport and processing costs are very…
Summary Turner/Frontier in early development phase Niobrara and Mowry are in appraisal stage Refining Economic Limits Finalize Well Spacing Substantial cost reductions forthcoming as we move into full scale development Optimized…
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