Strictly Private and Confidential DUG Permian Basin 2013 Perspectives On The Permian April 3, 2013
Permian A&D Market Themes Most coveted U.S. basin due to low-risk, oily, multi-pay nature Renaissance Of Superactive Permian market in 2012; expected to remain steady in 2013 Permian Activity Bigger Permian positions more scarce and…
The Permian Is The Most Active Basin Non-Permian Permian 18.5 18.8 17.9 Transaction Volume (B) 14.7 13.2 12.9 13.0 12.1 11.7 10.6 9.9 9.5 6.0 5.4 5.2 2.1 2.2 2.1 1.4 2.0 0.6 0.7 0.8 0.7 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4…
2012 A&D Concentrated In Permian, Mid-Con & Bakken Continental / Samson OXY / EOG ExxonMobil / Denbury Halcn / Petro-Hunt QEP / Helis Linn / BP Nucor / Encana Crescent Point / Ute Statoil / Grenadier Linn / BP Sinopec /…
2012 Momentum Has Continued Into 2013 February 2012 November 2012 March 2013 August 2012 December 2012 7.2 B 520 MM 768 MM Multi-Basin (Wolfcamp) CBP Conventional Wolfbone RBC-Advised RBC-Advised RBC-Advised 1.4 B 2.6 B Cline /…
The Permian Is The Most Coveted U.S. Basin 195 278 5 Source: RBC Richardson Barr, Drilling Info and Baker Hughes. (1) Horizontal includes 20 rigs classified as Directional in by Baker Hughes.
Notable Central Basin Platform Transactions Sheridan / Noble Legacy / Concho 320 Million 520 Million 213,333 / Boepd 127,705 / Boepd* Vanguard / Range Sheridan / SandRidge 275 Million 2.6 Billion 97,059 / Boepd 106,122 /…
Strong Valuations For Conventional CBP Oil Assets Sheridan Acquires SandRidge Assets For 2.6 B Legacy Acquires Concho Assets For 520 MM Transaction Valuation: Sheridan / SandRidge Transaction Valuation: Legacy / Concho Transaction…
Notable Delaware Basin Transactions Concho / Three Rivers Bone Spring / Avalon 1 Billion 3,250 / Acre Chevron / Chesapeake TX Delaware Basin 1+ Billion 2,216 / Acre Rosetta / Comstock Wolfbone 768 Million 14,859 /…
Premium Acreage Valuations In The Southern Delaware Basin Rosetta Acquires Comstock Assets For 768 MM Confidential Buyer Acquires Private For 525 MM Wolfbone Wolfbone Transaction Valuation: Rosetta / Comstock Transaction…
Wolfcamp Acreage Valuations Climbing In Midland Basin Sinochem Enters Into 1.7 B JV With Pioneer Diamondback Buys Gulfport Assets For 202 MM Wolfcamp Wolfberry / Wolcamp Transaction Valuation: Sinochem / Pioneer Transaction…
Permian Conventional & Resource Play Valuations Permian Conventional Oil Production Multiples Permian Resource Plays Acreage Multiples Production Metrics ( / Boepd) Acreage Metrics ( / Acre) Historical Crude Oil Spot Price Historical…
Conclusions The Permian is one of the Big 3 most coveted oil / liquids resource play basins in the U.S. Permian A&D market will start to pick up 2Q and remain steady in 2013 Midland Basin Horizontal Wolfcamp activity will be the A&D…
RBC Richardson Barr Knows The Permian A Group of has signed an agreement to acquire Private Sellers has divested certain oil and gas Permian Basin properties prospective has divested its position in the producing properties located…
Disclaimer This presentation was prepared exclusively for the benefit of and internal use by the recipient for the purpose of considering the transaction or transactions contemplated herein. This presentation is confidential and…