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 Kerr Hays NASDAQ Ticker FLMN Kendall Comal Caldwell Real Bandera Market…
Investment Highlights Announced 0.10 dividend for Q121 (0.40 annualized) 33% growth over Q420 Expect to see Free Cash Flow double from Q420 levels to 0.15 of Free Cash Flow per share in Q221 Falcon Meaningful production growth…
Recent Operator Commentary Key Operators Eagle Ford Outlook 10-year Eagle Ford Outlook 10+ years of Eagle Ford Outlook bellwether asset commitment to Eagle Ford inventory life in the Eagle Ford in growth phase with 10+ years of…
Development Activity Highlights 2020 Development Averaged 5 rigs on Falcons Eagle Ford assets Active Average 60 gross wells (1.23 net wells) TIL in Q121 and are expected Gross TIL Net TIL Rigs NRI to drive meaningful production…
Hooks Ranch Update Hooks Ranch Overview / Development Update Hooks Ranch Units Falcon Minerals has a 22.5% royalty interest in Gonzales ConocoPhillips Hooks Ranch position 75%+ undeveloped DeWitt 100% HBP and operated by…
Financial Overview Q121 Overview Pro Forma Capitalization as of March 31, 2021 Announced Q121 dividend of 0.10 per Class A share Cash 2.9mm 1.185 per share in dividends since inception Revolving Credit Facility Borrowing 40.5mm…
Dividend Payouts and Sustainability Favorable Tax Treatment of Dividends Falcon announced first quarter 2021 dividend of 0.10 per share 1.185 of cumulative dividends since inception Falcon expects that greater than 50% of the dividends…
Appalachia Asset Overview Falcons Appalachia assets are located in the core of the Utica and Marcellus under premier operators Asset Overview Core of the Utica and Marcellus Gross Unit Acres 80,000 acres Net Royalty Acres (1) 1,530…
Key Takeaways Meaningful production growth expected in 2021 with zero capital expenditure or incremental acquisitions Production and Free Cash Flow growth driven by multiple high NRI pads expected to TIL throughout 2021…