Company Highlights 1 Oil-weighted Williston Basin operator with scalable operational capability 85,000 net acres (63,200 or 75% operated) represents sizeable position within heart of play Current drilling spacing units have upside…
Strategic Accomplishments in 2013 EOX has accomplished each of its set 2013 goals and has transformed itself to a fully operated company Added substantial scale to existing Williston Basin acreage Added 67,700 net acres in Williston…
EOX Overview Independent E&P company focused on Williston Basin Key Highlights and headquartered in Denver, Colorado Average daily production for 3Q13: 1,877 boe/d 85,000 net acre position in the core of the Williston Basin 2013…
Track Record of Production Growth Significant production ramp up with 2014E average production guidance of 3,300 boe/d(1) Production growth will accelerate in the near term with a focus on the operated drilling program to convert EOXs…
Execution Driving Strong Results On Top Of Rapidly Increasing Drilling Inventory Current Inventory Potential Per Well EUR Total Potential (1) Project Area Net Acres Locations NRI NRI Wells (Mboe)(2) (Mmboe) Williston Operated 63,237…
Acreage Portfolio Williston Basin Acreage by State Operated Acreage Montana 11% Non- Operated Operated 25% 75% North Dakota 89% Total Acreage: 85,000 Total Operated Acreage: 63,000 Acreage Summary (Acres) 63,336…
2014 Capex Plan 2014E Capital Plan 2014E Capital Expenditures ( in millions) Total drilling budget of 182 million for 12-month period ending 12/31/14 Land Budget Drilling Budget, 100% operated drilling activity 76 182 Plan on…
Williston Basin - McKenzie County (Low Rider) Acreage Map McKenzie County Selected Bakken & Three Forks Producing Wells Company Well 24-Hr IP 30 Day IP Stages 1 Zavanna Larsen 32-29 1H 1,381 678 35 2 Zavanna Koufax 3-10 1H 784 662…
Williston Basin - Richland County Project Area Acreage Map Richland County Selected Bakken & Three Forks Producing Wells Company Well 24-Hr IP 30 Day IP Stages 1 Brigham Judith 10-3 1H 2,630 670 39 2 Brigham Johnson 30-19 1H 2,962…
Williston Basin Williams County (Easy Rider) Acreage Map Williams County Selected Bakken & Three Forks Producing Wells Company Well 24-Hr IP 30 Day IP Stages 1 Sequel Overdorf 21-1H MB 952 832 30 2 Sequel Temple 21-1H TF 1,047 815…
Williston Basin Billings/Stark County (Pronghorn sand) Acreage Map Billings/Stark County Selected Pronghorn sand Producing Wells Company Well 24-Hr IP 30 Day IP Stages 1 Fidelity Kudrna 5-8H 880 690 30 2 Fidelity Kostelecky 5-8H…
Illustrative Net Asset Value Growth Opportunity Accelerating drilling reduces acreage development cycle for the 435 current gross operated horizontal drilling locations by 6 years 450 2 rig case 435* 400 3 rig case 350 300…
Pure-Play Bakken Exposure At Attractive Entry Point 2014 Enterprise Value / Production(1) (/boe/d) 118,551 105,818 97,095 94,105 Peer Average: 103,892 87,983 72,586 OAS KOG NOG TPLM FYE14 EOX FYE14 Exit Rate EOX 2014…
Financial Strategy Maintain adequate liquidity Emerald has 145 million of liquidity(1) Capital budget fully funded through 2014 Utilize hedging to protect cash flows Emerald plans to hedge up to 80% of the Companys Proved…
Hedge Positions and Strategy Managements goal is to hedge up to 80% of PDP production Company utilizes swaps to hedge production Hedging Summary 1,000 92.60 922 900 92.50 800 92.34 92.40 700 92.30 584 600 92.20 92.08…
2014 and 2013 Updated Guidance(1) 2014 Guidance Wells Drilled Operated 18.2 Production (boe/d) Avg. Full Year 3,300 Well Cost ( millions) Avg. Estimate Cost 10.0 Drilling Budget ( millions) Operated 182 Land Budget ( millions)…
Investment Highlights Summary 1 Oil-weighted Williston Basin operator with scalable operational capability 2 Opportunity to gain pure-play Williston Basin exposure at compelling entry point 3 Accretive development program…
Corporate Contact Information Emerald Oil, Inc. Auditor 1600 Broadway BDO USA, LLP Suite 1360 Houston, Texas Denver, CO 80202 (303) 323-0008 Independent Petroleum Engineer Netherland, Sewell & Associates, Inc. Houston, Texas Legal…
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