Overview Falcons primary assets are located in the core of the Eagle Ford under premier operators Market / Asset Overview Core of the Core Eagle Ford NASDAQ Ticker FLMN Market Capitalization (1) 570mm Shares Outstanding (2)…
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) Eagle Ford Production Profile (MBoe/d) Highlights Production expected to ramp from 215 MBoe/d to 300 MBoe/d by 2023 COP expects to maintain 300…
Significant Growth Expected from Line of Sight Wells Line of sight wells include multiple high NRI units projected to turn in line in second half 2020 Net Line of Sight Wells Net Waiting on Connection / DUCs Line of Sight Nov. 2019 vs.…
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 Hydraulic fracturing of the four Hooks Ranch wells has been completed with connection anticipated in February 2020 Development Update Hooks Ranch Lease Falcon Minerals has a 22.5% royalty interest in the Hooks Ranch…
Dividend Payouts and Sustainability Announced expected fourth quarter 2019 dividend of 0.135 per share 0.890 of cumulative dividends since inception Dividends Sourced from Strong Free Cash Flow Falcons mineral assets generate cash…
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 third Average Active…
Financial Overview 2020 Guidance Full Year 2020 Guidance Initiating full year 2020 production guidance of 5,300 6,100 Boe/d Net Production (Boe/d) 5,300 6,100 Reflects current 3.52 net well line of sight inventory % Oil of Net…
Key Takeaways Significant line of sight production growth throughout 2020 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…
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