Company Highlights 1 Oil-weighted Williston Basin operator with scalable opera,onal capability 121,000 net acres (91,000 or 75% operated) represents sizeable posi4on within heart of play Current drilling spacing units have upside…
EOX Overview Summary Leasehold Posi,on Williston Basin Independent E&P company focused on Williston Basin and headquartered in Denver, Colorado 121,000 net acre posi4on in the core of the Williston Basin Iden4ed 850 net…
Track Record of Produc,on Growth Signicant produc4on ramp up with 2015E average produc4on guidance of 4,200 - 4,500 boe/d Produc4on growth will accelerate in the near term with a focus on the operated drilling program to convert EOXs…
Track Record of Reserves Growth Signicant increase in proved reserves through the 2014 scal year Increase primarily as a result of increased drilling ac4vity in our operated well program (1) Proved Reserves (Mmboe) 26.3…
Reserves Summary Net Proved Reserves as of 12/31/2014 Oil Gas Total Category (MBbls) (Mmcf) (Mboe) PDP 12,885 11,406 14,786 PDNP 309 264 353 PUD 9,632 9,399 11,199 Total Proved 22,826 21,069 26,338 Es,mated Proved Reserves…
Execu,on Driving Strong Results On Top Of Increasing Drilling Inventory Current Inventory Potential Project Area Net Acres Locations(1) NRI NRI Wells Williston Operated 90,750 658 80% 526 Williston Non-Operated 30,250 196 80%…
Average Well Prole Results Exceeding Expecta,ons Middle Bakken Type Curves(1) Three Forks Type Curves(1) Cum Boe Days On Produc,on Days On Produc,on Average of all Emerald Middle Bakken Average of all Emerald Three Forks…
Acreage Pordolio Williston Basin Acreage by State Operated Acreage Montana 7% Non- Operated Operated 75% 25% North Dakota 93% Total Acreage: 121,000 Total Operated Acreage: 91,000 Acreage Summary (Acres)…
2014 and 2015 Capex Plans 2014E and 2015E Capital Plan 2014E and 2015E(3) Capital Expenditures Total drilling budget of 250 million for 12-month period ( in millions) Drilling Budget Land Budget ending 12/31/14 250 3 Updated…
Pure-Play Bakken Exposure At Agrac,ve Entry Point Enterprise Value / Bakken Net Acre(1) (/Acre) 4,245 3,075 Peer Average: 2,948 1,525 660 TPLM OAS NOG EOX Source: Public lings. Market pricing as of 2/3/15.…
Financial Strategy Maintain adequate liquidity Emerald has 187 million of liquidity(1) Capital budget fully funded through 2015 U,lize hedging to protect cash ows Emerald has the ability to hedge up to 60% of the Companys…
Hedge Posi,ons and Strategy Managements goal is to hedge up to 60% of the Companys Proved Reserves Company u4lizes swaps to hedge produc4on Hedging Summary(1) 2,500 Hedged Volumes (Bbls/d) 2,077 2,000 1,500…
2015 Guidance 2015 Guidance (1) Increase 2015 Guidance Range 2014 (Decrease) Low High Wells Drilled Operated 25.5 - 6.5 8.5 Produc,on (boe/d) Avg. Full Year 3,562 22% 4,200 4,500 Avg. Es,mate Well Cost ( millions)…
Investment Highlights Summary 1 Oil-weighted Williston Basin operator with scalable opera,onal capability 2 Opportunity to gain pure-play Williston Basin exposure with a high growth rate 3 Accre,ve development program…
Corporate Contact Informa,on Emerald Oil, Inc. Auditor 1600 Broadway BDO USA, LLP Suite 1360 Houston, Texas Denver, CO 80202 (303) 595-5600 Independent Petroleum Engineer Netherland, Sewell & Associates, Inc. Houston, Texas…
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