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) 305mm Shares Outstanding (2)…
Investment Highlights Karnes Trough is characterized by some of the lowest breakeven returns to operators in North American shale World class operators prosecuting decade long plans on Falcons Eagle Ford position Operational…
World Class Operators Developing Falcons Position Operator Commentary Rig Activity 7 rigs running across the Eagle Ford targeting 8 rigs in 2020 Production 221 MBoe/d in 4Q 19 ramping to 300 MBoe/d by 2023 Eagle Ford Outlook 10-year…
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…
Hooks Ranch Update Four Hooks Ranch wells were connected on February 7, 2020 and are currently in early flowback Hooks Ranch Overview Hooks Ranch Lease Falcon Minerals has a 22.5% royalty interest in Gonzales ConocoPhillips Hooks…
Substantial Remaining Inventory Across the Basin and Key Operators 3,000 gross locations remaining across Falcons Eagle Ford position Remaining Eagle Ford Inventory 4,500 4,000 3,500 71% 70% 66% 3,000 62% 60% Remaining…
Significant Growth Expected from Line of Sight Wells Line of sight wells include multiple high NRI units expected to turn in line in second half 2020 Net Line of Sight Wells Net Waiting on Connection / DUCs Line of Sight Nov. 19 vs. Jan.…
Development Activity Rig Activity 2019 Development Significant rig activity across position Average 7 rigs on Falcons position during fourth Active Rigs Gross TIL Net TIL NRI quarter 2019 8 rigs on Falcons position currently 1Q 19…
Falcon Operator Well Timing Averages 2019 permit to TIL average of 248 days Reflects 173 gross Eagle Ford wells turned in line on Falcons position in 2019 Permit to First Production (Days) 700 Permit to Operator Permit to First…
Financial Overview 2020 Guidance Full Year 2020 Guidance Full year 2020 production guidance of 5,300 6,100 Boe/d Net Production (Boe/d) 5,300 6,100 Based solely on 3.52 net well line of sight % Oil of Net Production 50% 55% inventory…
Dividend Payouts and Sustainability Falcon paid fourth quarter 2019 dividend of 0.135 per share 0.890 of cumulative dividends since inception Favorable Tax Treatment of Dividends 80% of dividends paid to Class A shareholders during…
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 Continued…
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