Franklin Mountain Energy Enercom Conference August 2024
Who Is Franklin Mountain Franklin Mountain Background Where It All Started Energy Founders of Western Refining Paul Foster, Jeff Stevens and Scott Weaver Entrepreneurs, Purchased refinery in 2000 and took WNR public in 2006 Energy…
Positioned to Win as Delaware Basin Expands East Delaware Basin HZ Wells August 2018 August 2024 The Stack Works and the Basin Boundary Keeps Pushing East NM TX August 2018 August 2024 FME Operated FME Operated North DSUs in Yellow…
The Right Capital Invest Like Youll Own it Forever Building Blocks Net Production (Boepd) and WTI Oil Price Creativity Equity funded the business for 33 months Built from 1-rig to a 5-rig program Original formation paired an asset…
Franklin Mountain Energy Overview Summary Leasehold Maps Headquartered in Denver with 34 full-time employees North South Significant field presence outside Hobbs and Jal, New Mexico 32,000 net acres in Lea County in two contiguous…
Applying Our Playbook in a Target Rich Environment Franklin Mountain Energy Gunbarrel Southern Lea County, New Mexico Subsurface Playbook 1-Mile DSU 2-mile laterals with minimal parent-child concerns Single pass co-development of…
Successful Execution of Recent 18-Well Project Franklin Mountain Energy Gunbarrel Southern Lea County, New Mexico Project Brought Online August 2024 1-Mile DSU 18-wells: WCA, 3BSS, 3BS Carbonate, Upper Avalon 3BS Carbonate leverage…
How does Franklin Mountain Energy Measure Up Performance1 1Q24 EBITDA Margin2 60 81% % Oil 50 57% 40 48% 48% 47% 47% 30 20 10 0 FME Company A Company B Company C Company D Company E 1Q24 Recycle Ratio3 3.0x 2.5x…
Operating in the Best Basin in the U.S. Built a Successful Business Current E&P Landscape2 32,000 net acres 98% operated Permian continues to dominate U.S. energy landscape with 66% of oil rig activity High margin 50,000 net Boepd 72%…
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