....provides industry leading technology for Production Enhancement and Environmental Services Capital One Securities, Inc. 8th Annual Energy Conference December 2013
....provides industry leading technology for: Production Enhancement Environmental Services 3
.a leading production enhancement company Frac Design Frac Conductivity & Durability Economic Optimization Production Assurance Reservoir Performance Production Intelligence Post Job Analysis Flow Enhancement Well Site…
Is the industrys most widely used hydraulic fracturing design software, clients include E&P Operators, Service Companies, Universities Provides Frac Design, Economic Optimization, Reservoir Performance and Post Job Analysis. Ties…
Meeting todays production enhancement demands Develop a durable, highstrength proppant that can deliver twice the conductivity at 20,000 psi closure stresses. Developed for deep water and ultra-high stress formations 9
Hierarchy of Proppant Conductivity Highest Production, EUR, ROI Highest Conductivity Ceramic Engineered product Ultrahigh strength Ultraconductive Ceramic Monosize and spherical High strength Tier 1 High conductivity Uniform size…
Precisionengineered More strength More durability More uniformity More sphericity More smoothness Actual proppant grains 11
More space to flow More flow space More uniform flow paths More longterm conductivity More production, increased EUR and superior IRR 12
More conductivity 100% more baseline conductivity 13
Production Assurance Platform Platform focus: Maintain Well Production Use proppants to maintain base production by preventing precipitates/solids from forming in the frac, wellbore, or surface equipment Examples: Scale,…
Production Assurance Platform SCALEGUARD Provides Production Assurance by preventing scale from building up during the life of the well Placed throughout the frac, as part of standard fracturing process Scale inhibitor is…
Ceramic Proppant Sales vs Capacity Lbs (Millions) 3,000 2,750 CRR Manufacturing Capacity (YE) 2,500 CRR Ceramic Sales Volume 2,250 2,000 1,750 1,500 1,250 1,000 750 500 250 0 Millen Line 1 est completion near end…
Consulting Services DANA Field Optimization Client Interaction Office Consulting and Production Field Consulting Improvement Services 18
Industry Trend The Stakeholders E&P Operators, Service Companies, Royalty Owners, State Agencies.. are becoming more aware of the losses to well Production and EUR that can occur when using low quality, low conductivity Chinese…
Quality Matters in Well Production As an E&P Operator investing 4M 12M on a well, how much Production & EUR are you sacrificing by using low quality Chinese ceramic proppant Production & EUR Loss Chinese 20/40 Chinese 20/40 Chinese…
CARBO vs Chinese Ceramic Comparison of three field samples from North Dakota from low quality, low Conductivity Chinese ceramic proppant suppliers, compared to CARBOLITE : CARBOLITE Chinese 20/40 Chinese 20/40 Chinese 20/40 20/40…
CARBO vs Chinese Ceramic Three more field samples of low quality, low Conductivity Chinese ceramic proppant suppliers, compared to CARBOLITE : CARBOLITE Chinese 20/40 Chinese 20/40 Chinese 20/40 20/40 IDC 4C IDC 5C IDC 6C…
CARBO vs Brazilian & Russian Ceramic Two Brazilian & one Russian field samples of low quality, low Conductivity lightweight ceramic proppant suppliers, compared to CARBOLITE : CARBOLITE Brazilian 20/40 Brazilian 20/40 Russian 20/40…
KRYPTOSPHERE sets a whole new level of Conductivity and increased Production and EUR..compared to low quality, low conductivity Chinese ceramics KRYPTOSPHERE Chinese IDC Whole Pellets Cross Sections 24
Industry Trend How To Increase Recovery In horizontal wells in resource plays, there are two critical factors that determine the level of economic success 1.) Creating very large reservoir contact area, through multiple transverse…
Ceramic vs Sand Realistic* Conductivity (20/40 mesh) Mdft Mdft 3,500 3,500 Eagle Ford Stress Range 3,000 3,000 Higher Production, EUR Bakken Stress Range 2,500 2,500 Haynesville Stress Range 2,000 2,000 Ceramic CARBOLITE…
Sand Crushes at Higher Stress Crushing reduces frac width and the Space to Flow Wfrac Less Wfrac Formation White Sand 6,000 psi stress White Sand 12,000 psi stress .this supports CARBOs ceramic proppant and resincoated sand…
Case Histories The positive impact of High Conductivity Ceramic Proppant on Production, EUR, and ROI
Bakken Operator CARBO vs Chinese 30 Day Cum Oil *EUR 12 300 6 wells with 10 CARBOECONOPROP 250 +20% lightweight ceramic +120,000 bbl 8 200 4 wells with Chinese intermediate density 6 ceramic (IDC) 150 4 Frac Design (per well)…
Statoil Bakken 100% increase in Production 250,000 125,000 Bbl increase per well (7) Wells CARBO LW 8.7 Million revenue increase Ceramic Proppant per well 70/Bbl Oil 200,000 Cumulative Oil, Bbls 100% 150,000 100,000…
SM Energy Bakken 180 Ceramic - 23 wells 160 Sand - 91 wells 140 Ceramics average 40% higher initial production rate and Oil Rate (BOPD per lateral) continues to grow over time, approaching 90% in 20 months 120 100 Quick…
WPX Energy From Barclays CEO Conference Sept 2012
Liberty Resources Bakken LR 37 Wells from Williams County 90 Day Production BubblePlot Liberty Resources wells (RED) outperform offset wells LR 49,100 BBLs SPE Paper 163827 Liberty Resources Feb 2013 SPE Hydraulic…
Rosetta Resources Eagle Ford Rosetta Resources Gates Ranch 12 Month Cumulative Gas Production, MMcfe Well Completion Between Sand and Ceramic Proppant Normalized to Number of Stages Ceramic Proppant wells after 12 months: 15…
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Falcon Technologies We Engineer and Deliver products to Protect our clients assets and the environment Industry Technology Leader Containments, Tank Lining, Tank Bases, Water Storage, Wellsite Liners Value To E&P: Lowers LOE…
Industry Trend E&P are changing from high risk containments like this High risk for spills & higher LOE: Unlined tanks corroding inside & outside Tanks sitting on pea gravel & corroding Unlined, permeable dirt…
Industry Leader Falcon Containments Seamless impermeable Falcon Liner applied on flooring and walls More than 6,000 installations, with 100% environmental success Minimize risk for spills & lower LOE: Lined tanks, prevents…
Water Impoundments Falcon Liner Impoundments forwater treatment, produced water storage, fresh water 39
Finance
CARBO Financials 1,000 3,000 200 200 Revenue M Cash From Operations M Net Income M 900 2,700 180 180 171 NAM Total Rigcount 800 2,400 160 156 160 700 2,100 140 136 140 646 657 130 626 600 1,800 120 120 110 106 500 473…
Dividends Increased 13 Years Per Share Shares Millions 1.20 36 Dividend Amount Paid Per Share Per Year 1.10 1.14 34 Shares Outstanding 1.00 1.02 32 0.90 30 0.88 0.80 28 0.76 0.70 26 0.70 0.60 0.62 24 0.50 0.52 22 0.40 0.44…
Industry Factors NearTerm: Activity quartertodate impacted by early seasonality October and November impacted by inclement weather in Texas Typically see the most pronounced seasonal impact during the December month LongTerm:…
Summary Differentiate by continuing to develop industry leading technology Grow our clients knowledge of CARBO as the leading Production Enhancement company focused on fracs, with technologies that make oil & gas wells produce better…
Cash Flow from Operations Reconciliation Results from Continuing Operations in 000s For The Years Ended Dec 31 2005 2006 2007 2008 2009 2010 2011 2012 TTM Net Income 45,463 52,245 49,641 60,405 52,810 78,716 130,136 105,933 83,858…
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