Overview of Assets and Operations Privately-held operator with an expansive footprint and large-scale operations in the heart of the Eagle Ford Premier Eagle Ford and Austin Chalk Position Key Highlights Verdun Oil Company owns and…
Leadership Team 24 years of experience in the oil and gas industry Prior to forming Verdun, Mr. Nein was employed by Hilcorp Energy Company and served as the Area Manager (ATL) for the Tim Nein Northeast U.S., responsible for…
Company History and Production Timeline Verdun Oil Company was founded in December 2015 to acquire and operate historically undercapitalized oil & gas assets in cost-advantaged plays with proximity to end markets and energy-friendly…
Acquisition History Effective aggregator with multiple transactions closed and integrated Deal 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Multiple West SM Weeks TH / Lopez Hauglum / Klotzman / Choke STS / El Day- Morrill Mak Area / Viv /…
Expansive High-Return Drilling Inventory Drilling inventory boasting industry-leading PV-10 breakevens and substantial net reserves deliverability Over 1,000 Conservatively Spaced, Low-Breakeven Locations Cost of Supply PV-10 Oil…
Significant Recompletion Upside Proven Track Record of Success with 100 Recompletions To-date Restimulation of older, low-intensity completions adds years of incremental, highly-economic development Capture Untapped Reserves with 700+…
Well Productivity vs Industry Peers East Eagle Ford1 Verdun wells are consistently more productive than legacy or offset wells operated by industry peers Verdun Wells (70) vs Legacy & Offset Wells (773) Top 10 Summary2,3 Initial Well…
Best-in-Class Well Performance & Quick Payouts East Eagle Ford1 *Payout Volume calculations at 70 WTI, 3.50 HHUB, & 21 NGL Verduns East Eagle Ford wells boast industry-leading IRRs…
Well Productivity vs Industry Peers West Eagle Ford1 Verdun demonstrates an ability to consistently exceed its industry peers in well deliverability Verdun Wells (131) vs Legacy & Offset Wells (1,609) Top 10 Summary2,3 Initial Well…
Best-in-Class Well Performance & Quick Payouts West Eagle Ford1 *Payout Volume calculations at 70 WTI, 3.50 HHUB, & 21 NGL Verdun-completed wells show a consistent track record of quick payouts with most paying out in under a year…
DC&F Capex by Region Total DC&F CapEx by Region (000) Lateral Length: Dimmit West Central East 5,000 3,609 4,325 4,572 4,763 / ft. 722 865 914 953 10,000 5,565 6,562 6,670 7,134 / ft. 557 656 667 713 15,000 7,919 9,388 9,443…
Infrastructure Overview Extensive, Company-owned infrastructure in-place for full field development with minimal capital outlay % of Total Compression HP Compression Verdun owns 50% of utilized compression resulting in significant cost…
Midstream and Marketing Overview Ample Takeaway Optionality to Gulf Coast Markets Verdun delivers over 80%1 of gross oil production on pipe Greater than 90% of Eagle Ford natural gas volume processed by Kinder Morgan, Enterprise,…
Best-in-Class Cash Margins Verdun is one of the highest-margin operators in the Basin Verdun boasts the best in-basin cost structure and realized prices which supports peer leading Cash Margins 1 Prod & Ad Val (/Boe6) GP&T (/Boe6)…
Environmental, Social and Governance Verdun is committed to developing oil and natural gas assets in a safe and environmentally responsible way Key tenets of our environmental, social, and corporate governance principles and policies…
Verduns Track Record of Value Creation 120 Net Total Production (MBoe/d 6:1) 100 Free Cash Flow Net MBoe/d 6:1 80 60 40 20 900 Free Cash Flow (MM)1 600 1.7 Billion in cumulative FCF since inception 300 642 370…
Key Company Highlights 1 High Quality Assets High quality oil-weighted acreage predominantly in the volatile oil and rich condensate windows of the Eagle Ford shale and 50% of Verdun wells rank P25 or better on a normalized EUR…
Forward Looking Statements This presentation includes forward looking statements. Forward looking statements can be identified by the use of forward looking terminology such as the words expect, estimate, project, forecast, anticipate,…
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