Overview Falcons primary assets are located in the core of the Eagle Ford under premier operators and benefit from premium pricing Market / Asset Overview Core of the Core Eagle Ford NASDAQ Ticker FLMN Market Capitalization (1)…
Investment Highlights Announced 3Q 19 dividend of 0.135; LTM aggregate distributions of 0.66 implies a 10.2% LTM yield (1) Averaged net production of 4,825 Boe/d (56% oil Eagle Ford / 50% oil total) during 3Q 19 Net income of 6.4…
A History of Market Leading Returns Falcons management team has a long history of creating energy enterprises (Atlas companies) and providing substantial shareholder returns Atlas Energy grows to become one of the Atlas Pipeline…
A Model of Consistent Free Cash Flow Falcons royalty business offers a unique business model that provides consistent, high cash margin returns to shareholders Core oil-rich Eagle Ford position + Top-tier producers No capital…
World Class Operators Developing Falcons Position Operators Operators on Falcons Position BP / DVN Currently running seven rigs across the Eagle Ford COP Indicated potential addition of an eighth rig in 2020 EOG in order to reach…
Substantial Remaining Inventory Across the Basin and Key Operators Sorted by Highest Total Remaining Inventory 4,500 Inventory Percent developed 4,000 71% 70% Remaining inventory 3,500 66% 62% 60% 3,000 58% 57% 58% 57% 55%…
ConocoPhillips and EOG Have been in Growth Mode for a Decade EOG Eagle Ford Historical Production 450 Gross daily production (Mboe/d) 400 350 300 250 200 150 100 50 - 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017…
Development Activity Significant line of sight inventory with ongoing development from leading operators Rig Activity YTD Development Significant rig activity across position Seven rigs on Falcons position during Active Rigs Gross TIL…
Hooks Ranch Update Four Hooks Ranch wells were drilled to total depth in October 2019 with connection anticipated in 1Q 20 Development Update Hooks Ranch Lease Falcon Minerals has a 22.5% royalty interest in the Hooks Ranch position…
Dividend Payouts and Sustainability Falcons high cash flow margin and no capital requirements result in long-term dividend returns to shareholders Dividends Sourced from Strong Free Cash Flow Falcons mineral assets generate cash flow…
Financial Overview Key Points Capitalization as of 9/30/19 Strong free cash flow generation Cash 2.6mm Revolving Credit Facility Borrowing 38.0mm Falcon has consistently paid over 90% of its free cash flow back to its shareholders…
Key Takeaways Significant line of sight production driven by higher NRI wells coming online Hooks Ranch development in process 4 wells drilled to total depth with anticipated connection in 1Q 20 Fully dedicated and aligned…
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