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)…
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…
Best-in-Class Business Model 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 spending +…
World Class Operators Developing Falcons Position Operators Operators on Falcons Position Currently running seven rigs across the Eagle Ford BP / DVN Indicated addition of an eighth rig in 2020 in order COP to reach optimal and…
ConocoPhillips Eagle Ford Update ConocoPhillips Analyst & Investor Meeting (Nov. 2019) Basin-Leading Recovery & Execution Performance (1) Highlights Production expected to ramp from 215 MBoe/d to 300 MBoe/d by 2023 COP expects to…
Significant Growth Expected from Line of Sight Wells Line of sight wells represent a 125% increase vs. 1st 9 months annualized net wells TIL Net Line of Sight Wells Net Waiting on Completion Wells 2.82 1.69 1.25 1.25 1st…
Substantial Remaining Inventory Across the Basin and Key Operators Sorted by Highest Total Remaining Inventory 4,500 4,000 3,500 71% 70% 66% 3,000 62% 60% Remaining Inventory 58% 58% 57% 57% 55% 2,500 50% 51% 49%…
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…
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…
Financial Overview 3Q 19 Review Capitalization as of 9/30/19 Announced 3Q 19 dividend of 0.135; LTM Cash 2.6mm aggregate distributions of 0.66 implies a 10.2% LTM yield (1) Revolving Credit Facility Borrowing 38.0mm Averaged net…
Key Takeaways Significant line of sight production driven by higher NRI wells coming online World class operators executing on multi-year development plans in the core of the Eagle Ford Fully dedicated and aligned management…
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