Riviera Resources Recent Developments Highlighted accomplishments: Returned an aggregate of approximately 310 million to shareholders in the last five months: o Cash distribution of 4.25 per share paid to shareholders on December 12,…
Q1 2020 Asset Monetizations Contract Approximate Close Drunkards Closed Transactions Price Proceeds Date Wash in millions in millions Uinta Drunkards Wash Jan-2020 5 4 East TX Overton Jan-2020 19 16 OKC Office East TX…
Riviera Upstream Pro-Forma PDP Reserves(1) Proved Developed Producing Reserves as of December 31, 2019 YE 2019 Pro-Forma Pro-Forma Proved Adjustments Lower Developed Pricing PDP PV-10(2) PV-10 (1)(2)(3) (45) (25) 133…
Pro-Forma Sum of the parts Value Proved Developed Producing Reserves as of December 31, 2019 Upstream Implied Value = 2.81 / share(3) RVRA Market Capitalization assuming 2.80 / share 5 Pro-Forma Lower Pricing PDP PV-10 (60)…
Riviera Upstream Assets Overview 50 MMcfe/d(1) First Quarter 2020 152 Bcfe(2) 82% Natural Gas Net Production 10% NGL, 8% Oil Anadarko Net Production of 29 MMcfe/d 105,000 net leasehold acres NW STACK Core acreage position…
Upstream Assets - Overview Anadarko Basin North Louisiana NW STACK Core Area Approximately 105,000 net leasehold acres throughout the Anadarko Approximately 8,100 net acres across northern Louisiana Basin Acreage is 99% HBP…
Blue Mountain First Quarter of 2020 Highlights Average natural gas throughput of 118 MMcf/d and NGLs produced were approximately 7,300 bpd in the Natural Gas first quarter of 2020 Gathering & 14 wells turned to sales on natural gas…
Blue Mountain Overview Natural Gas Gathering & Processing Produced Water Gathering & Disposal Crude Oil Gathering Over 80,000 net acres dedicated to the system Underpinned by 10-year acreage dedication from Roan Over 89,000 acres…
G&A Cost Savings Pro-Forma Q4 2020 run rate ( in millions) 43% reduction 2.9 Q1 2020 v. Q4 2020E (4.1) Consolidated Management teams (0.8) Workforce reductions 11.4 Lowered office 8.5 expense 6.5 6.5 IT optimization…
2020 LOE Reductions 25% Reduction in FY 2020E Lease Operating Expenses (5.0) Workforce reductions Optimized workover program Optimization of wellhead compression and other surface 20.0 equipment 15.0 Lower chemical and…
2020 Capital Summary ( in millions) Crude System 5 Gas System Upstream Blue Mountain 5 3 Midstream (1) 25 Water System 15 (1) Includes approximately 1 million of capitalized general and administrative expenses 15
2020 Guidance Upstream Upstream Q2 2020E FY 2020E Net Production (MMcfe/d) 41 46 46 50 Natural gas (MMcf/d) 33 36 37 40 Oil (Bbls/d) 725 825 750 850 NGL (Bbls/d) 725 850 725 825 Other revenues, net (in thousands) (1) 150 - 250…
Riviera Pro-Forma Cash Forecast ( in millions) Blue Mountain Upstream Consolidated Midstream Cash on hand as of 03/31/20 155 10 165 - Revolving credit facility drawn - (73) (73) as of 03/31/20 - April Cash Distribution paid…
Riviera Resources Capital Returned to Shareholders 76,190,908 ( in millions) 57,907,609 shares shares outstanding outstanding August 7, 2018 April 24, 2020 2 40 108 300 302 19 152 133 Tender Offer 2018 Repurchases…
Riviera Commodity Hedge Portfolio (As of April 1, 2020) Riviera Upstream Commodity Hedge Portfolio 2020 2021 Volume Average Price Volume Average Price Natural Gas (MMMBtu/d) (per MMBtu) (MMMBtu/d) (per MMBtu) Swaps 30 2.82 10…
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