Titus Acquisition Highlights 627mm Acquisition Core Delaware Acreage 857mm PD PV10 627 million purchase price Increases scale of Earthstones 627 million purchase price comprised of 575 million of cash existing Delaware Basin…
Titus Asset Overview Select Operational Data Combined Delaware Basin New Mexico Acreage Overview 32 MBoe/d 320340 MM Earthstone Acreage Titus Acreage June 2022 Net Production 1 Next 12 Months Proved Developed Producing Adjusted…
Acquisition, Financing Details & Pro Forma Snapshot Consideration & Funding Earthstone has entered into an agreement to acquire the New Mexico assets of Titus Oil & Gas Production, LLC and Titus Oil & Gas Production II, LLC and their…
Titus Acquisition Drives Robust Cash Flow Outlook 30% EBITDAX Growth Massive Growth in Adjusted EBITDAX While Reducing Leverage Metrics 2,3 Significant Adj. EBITDAX contribution expected from Titus PDP 1 3% Expected…
Reserves and Inventory Earthstone + Titus Robust Proved Developed and Inventory Profile 1P Reserves PV10 Value as of 8/1/22 2 The Titus Acquisition brings a significant Proved Developed Reserves PV10 Pro Forma PV10 Value (MM) component…
Conservative Valuation Methodology Leads to High Impact Acquisitions Cumulative Proved Developed Reserves Value Greater Than Combined Total Purchase Price 1 Undeveloped locations acquired virtually free as PD value of acquired…
Appendix 9
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) 2984246 Midland 600 N.…
Estimated Proved Reserves Summary as of 8/1/22 at NYMEX Strip Pricing as of 6/17/22 This summary of proved developed reserve volumes and values as shown in the table below is based on management estimates and has been prepared as of…
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