Samson Resources II, LLC EnerCom Conference August 2019 II
Samson Today
Samson Today Samson is focused on delivering shareholder return with a balanced and lower risk growth strategy........... Strategically Repositioned Pure play Wyoming oil focused E&P Operator Company has 210,000 net acres in the…
Samson Liquidity Current ResourcesSummary II 2017 was a busy year . 2019 Activity Focused on oil production and reserve growth in the PRB and GGR in Wyoming 2019 Capital program of 130 - 140 MM Project first sales of 20 - 22 gross…
Samson Production Growth Samsons production growth has been robust since restarting the drilling program and has a continued positive outlook. Anticipated 2019 exit rate is between 11,500 12,500 Boe/d. 14,000 12,000…
Samson Resources II 2017 was a busy year Samsons Liquidity Overview of RBL Credit Facility Borrowing base was reaffirmed at 160 MM during the scheduled 2019 Spring redetermination, which went into effect on 04/10/2019 Current Net…
Hedge Portfolio as of 08/01/2019 Samson continues to strategically execute opportunistic hedges to Oil Hedge Positions (1)(2) reduce uncertainty surrounding future cash flows. 4.0 65.00 3.2 3.1 Volume (MBbl/d) Price (/Bbl)…
2Q 2019 Samson Reserves (SEC Prices) Overview of Proved Reserves and 1P Reserves Volumes Summary PV-10 (M) Oil NGL Nat. Gas Total SEC (MBbl) (MBbl) (MMcf) (MBoe) 6/30/2019(1) PDP 9,999 7,067 65,705 28,017 300,470 PDNP 54 60 453…
Samson Resources Wyoming Assets Powder River Basin Green River Basin Asset Overview 10
Powder River Basin Net Acres: 162,000 (81% HBP) Current Prod: 5,500 Boe/d (73% liquids) Op Producing: 135 gross Locations: 3,770(1) gross 2019 Operated Drilling Program: Average GWI 90% Average NRI 74% 8/8th NRI 82%…
Samson PRB Current Operations 1 Brushy Creek Fed 3772-0631 1FH Campbell Co (Turner Formation) One week into flowback early results are encouraging 1 2 2 Reynolds Fed 3872-3106 3FH Converse Co (Turner Formation) One week into…
Shannon Sand Activity Shannon Sand: Samson Area of Activity In Development Mode in Converse County, WY Spud Samsons Ogalalla 2- 1 well SHNN pad 3 CWC= 9.5 - 10.2 MM 2 EUR: 557 1,059 MBOE/d [89% oil, 5% NGL] 1 Samson Spearhead…
Lower Turner Program EOG Marys Draw 267-2227H IP30 2100 Boe/d EOG Marys Draw 50-2326H IP30 1775 Boe/d Lower Turner Program - Hornbuckle Area, Converse County: Strong results in Core Turner by EOG Blade 19-3130H IP30 2050 Boe/d…
PRB Niobrara Activity Currently 5 rigs active with NIOBRARA wells Navigation Powder RVR Titan Exploration Cole Fed 30-43-77-7H W.I. Moore 4174-2536-8NH 36 NIOB wells spud since Producing [CONF] Producing [CONF] 1/01/2018 26 NIOB…
Strong Frontier Results Allemand Fed 21-2017 39-74FH, 1 SRC Allemand 1918 (02/2019 first sales) Converse County: 2 SRC Allemand 2017 (06/2019 first sales) 3 SRC Bohlander Fed Spud to rig release 35 days (26% faster than 4 N.W.E.…
Powder River Basin Scorecard South North Samson continues to execute on a strategy of delineation of multiple horizons Since July 2018 Samson has drilled: 1 Shannon (2 additional have been spud) 1 Niobrara 3 Frontier (1 is WOC) 2…
Milagro Federal Unit Green River Basin Net Acres: 48,000 (63% HBP) Sweetwater County Current Prod: 5,850 Boe/d (33% liquids) Carbon Op Producing: 50 gross County Locations: 215(1) gross Highly consolidated liquids-rich gas…
Samson Resources IIGreater 2017 was aGreen busy year Highlights Deep Inventory of High- 0 Gross Pay Map Single Well IRR (1) Returning Locations in Regional View 53% Man Camp pad average forecast Defined Core of the Play Carbon IRR is…
Milagro Milagro Federal Unit: Fort Federal Union Program Unit Milagro Federal Unit has been established Unit is comprised over 25,600 acres Allows for orderly development of the Fort Union formation and deeper formations…
Samson Resources II 2017 was a busy year Man Camp Summary Northwest Southeast 68 Drilling Costs Over Time 5.0 42 Avg Drilling cost 36 4.0 3.274 30 3.082 3.0 24 MM Days 2.084 2.0 18 12 1.0 17 Wells 2 Wells 4 Wells…
Samson ManResources II 2017 was a busy Camp Continues year to Outperform Expectations Daily Gross Gas Rate Key Points Man Camp 23V 9,000 Man Camp 24V 4-well Man Camp pad has continued to 8,000 Man Camp 2V Man Camp 3V…
Summary: Samson has repositioned itself as an oil focused Wyoming Operator Company continues to execute on its drilling program while driving down overall cost structure Volumes have grown 90%+ since 01/01/2019 Balance sheet and…