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Red Lake Field Tour – LRR Energy LP

LRR Energy LP · Mar 25, 2014 · 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. Red Lake Field Tour – LRR Energy LP – slide 1
    LRR Energy, L.P. Red Lake Field Tour March 25, 2014
  2. Red Lake Field Tour – LRR Energy LP – slide 2
    LRR Energy, L.P. LRE Property Summary LRE Total Q4 2013 Production (Boe/d) 6,522 (1) Proved Reserves (MMBoe) 30.1 % Proved Developed 88% % Liquids 49% Total Proved Reserve Life (R/P) 12.6 Producing Wells (gross) 1,168 Permian…
  3. Red Lake Field Tour – LRR Energy LP – slide 3
    LRR Energy, L.P. LRE 2014 Capital Budget Oil-weighted capital budget of 34 million 22 million allocated to the Red Lake field 36 drill wells, including 19 Red Lake drill wells Estimated average new well rate of return 30-35% 32…
  4. Red Lake Field Tour – LRR Energy LP – slide 4
    LRR Energy, L.P. Lime Rocks History in the Permian LRR acquires Cowden East LRR sells Corral Canyon to LRE LRR acquires Red Lake II LRR acquires Fullerton LRR acquires Red LRR acquires Corral LRE IPO LRR acquires Tex-Mex Lake I…
  5. Red Lake Field Tour – LRR Energy LP – slide 5
    LRR Energy, L.P. LRE / LRR Permian Basin Overview Key LRE field areas: Red Lake, Pecos Slope, Corral Canyon Key LRR field areas: East Artesia, Fullerton, Tex-Mex Combined Permian presence provides LRE Properties LRE Field…
  6. Red Lake Field Tour – LRR Energy LP – slide 6
    LRR Energy, L.P. Lime Rock 2014 Permian Development Activity(1) LRR Energy 2014 Capital Budget of 23.4 million Drill 21 (19 at Red Lake) wells in 2014 (7 drilled YTD) Recomplete 31 Red Lake wells (11 completed YTD) Refrac 1…
  7. Red Lake Field Tour – LRR Energy LP – slide 7
    LRR Energy, L.P. Red Lake Field Largest LRE field, predominantly oil Chaves Located in Eddy County, New Mexico 34% of total proved reserves(1) and 38% of total Q4 2013 production 223 gross (186 net) producing wells Lea Eddy…
  8. Red Lake Field Tour – LRR Energy LP – slide 8
    LRR Energy, L.P. Northwest Shelfs Edge (Red Lake) Development History 1960s-90s 1500' 1960 - 90s 2000s 2009+ Grayburg Shallow primary and secondary development in Grayburg and Upper San Andres as seen earlier in Midland…
  9. Red Lake Field Tour – LRR Energy LP – slide 9
    LRR Energy, L.P. Red Lake Field Exploitation Under Lime Rock Management 100,000 1,000,000 Lime Rock took over operations Gross Gas (MCFPM) Gross Oil (BOPM) 10,000 100,000 LRE acquires Red Lake 1,000…
  10. Red Lake Field Tour – LRR Energy LP – slide 10
    LRR Energy, L.P. Red Lake Field Flaring Update Flaring which began in July 2012 due to Frontier plant compression limitations has decreased since Frontier installed additional compression in November 2013 (see plot below) No…
  11. Red Lake Field Tour – LRR Energy LP – slide 11
    LRR Energy, L.P. Red Lake Field Significant Inventory of Drilling Opportunities Epoch/Series/ Time NW Shelf System Stage (M.Y.) New Mexico Red Lake Drilling History Dewey Lake Ochoan 251 Ruster 2012 2013 Salado Castile New…
  12. Red Lake Field Tour – LRR Energy LP – slide 12
    LRR Energy, L.P. Red Lake Logistics Map Judah Red Lake Quantum Legacy Eddy Solt Humble Alamo H2O Saltwater Disposal Wells Flood LRE Operated CG State Third Party Operated Oil is sold to Sunoco,…

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