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Chisholm Energy Acquisition – Earthstone Energy Inc.

Earthstone Energy Inc. · Dec 16, 2021 · 12 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 1
    Chisholm Energy Acquisition December 16, 2021
  2. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 2
    Earthstones Strategic Objectives Enhanced with the Acquisition of Chisholm Earthstone Objectives Commentary Chisholm 5th acquisition completed or announced in 2021 Increase Scale & Efficiency Through Consolidation Maintains…
  3. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 3
    Continued Pathway to Scale Entrance into the Delaware Basin provides additional avenues for continuing to add scale to our existing asset base Earthstone remains focused on building scale through acquisitions in the Permian Pathway to…
  4. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 4
    Acquisition Details Earthstone has entered into an agreement to acquire assets (the Chisholm Acquisition) from Chisholm Energy Holdings, LLC (Chisholm) Cash and equity consideration of 604 million prior to purchase price adjustment…
  5. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 5
    Chisholm Asset Overview Acquisition Highlights Permian Asset Overview ESTEs first acquisition in the Delaware Basin brings Earthstone significant production and cash flow Chisholm Assets Delaware Focus Area High quality drilling…
  6. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 6
    Chisholm Well Results Demonstrate High Quality, De-Risked Inventory 1 20 DIAMONDBACK 24 25 OUTLAND STATE UNIT FEDERAL COM 1BS 003H 11-2 WCA 5H Bench: 1st Bone Spring Bench: Wolfcamp A IP-30: 779 Boe/d IP-30: 2,782 Boe/d (89% Oil)…
  7. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 7
    Deep Inventory of Highly Economic and Oil-Rich Locations Underwritten With a Conservative Spacing Model Southeast NM Type Section Chisholm Northern Delaware Position Other WCA / XY 414 1st Bone Spring Carb Gross Operated Avalon…
  8. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 8
    Pro Forma Earthstone Chisholm meaningfully enhances key operational and financial metrics Key operating and financial metrics to increase by 30-100%, while outstanding shares only increase by 22% High-margin, low-cost structure…
  9. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 9
    Chisholm Energy Acquisition Key Highlights Meaningfully increases size and scale Continues Permian Basin consolidation strategy Expands footprint into new core area in the Delaware Basin Adds significant economic drilling…
  10. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 10
    Appendix 11
  11. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 11
    Contact Information Mark Lumpkin, Jr. EVP, Chief Financial Officer Scott Thelander Vice President of Finance Corporate Offices Houston 1400 Woodloch Forest Drive Suite 300 The Woodlands, TX 77380 (281) 298-4246 Midland…
  12. Chisholm Energy Acquisition – Earthstone Energy Inc. – slide 12
    Footnotes Page 4 1) IRM Acquisition price of 186MM based on 50.8MM of equity consideration (approximately 12.7MM shares and ESTE share price of 3.99 on 12/16/20) and cash consideration of 135.2MM. Tracker Acquisition price of 126MM…

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