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SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc.

Carbo Ceramics Inc. · Mar 25, 2015 · 42 slides

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Slides

  1. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 1
    ....provides industry leading technology for: Production Enhancement Scotia Howard Weil 43rd Annual Energy Conference March 25th, 2015
  2. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 2
    .a leading production enhancement company Frac Design Frac Conductivity & Durability Economic Optimization Production Assurance Reservoir Performance Flow Enhancement Post Job Analysis Fracture Evaluation Well Site…
  3. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 3
    Managing Through The Down-Cycle Actions
  4. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 4
    CARBO Down-Cycle Actions and Focus In the near term, we focus on being cash positive: Reduce inventory levels Mothballing, idling and slowing down production at our manufacturing facilities. This results in under-absorbed / period…
  5. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 5
    Managing The Company For The Long Term Improving Well Production and EUR with Technology
  6. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 6
    Long Term Strategy and Focus Longer term, we continue actions that keep us as the industry leader: Differentiate with Design-Build-Optimize The Frac technology strategy. Our multi-year effort to develop industry leading technology is…
  7. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 7
    New Technology Growth Targets Product Revenue 90 80 70 35% 60 50 75% 40 30 20 330% 10 0 2014 2015 2016 2017
  8. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 8
    Our technology is 100% focused on improving Production and EUR Frac with the right technology the first time, to maximize ROI Re-fracs are a costly example of not doing it right the first time Technology developed for life of the…
  9. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 9
    Built To Last The Life Of The Well ..when we are done, the only thing left is the well and the proppant, make sure Wellhead it has a long productive life. Reservoir Oil & Gas Multiple transverse fractures
  10. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 10
    Proppant Delivered Technology Platforms CARBOHYDROPROP CARBOECONOPROP KRYPTOSPHERE CARBOPROP CARBOLITE CARBOHSP Ceramics Higher EUR Proppant Proppant Proppant Delivered Delivered Delivered Infused Chemical Delivery…
  11. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 11
    Production Assurance - SCALEGUARD Tubing with scale, restricting production Chemically infused porous proppant with controlled release of scale inhibitor, into the production stream Industrys most effective scale inhibition…
  12. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 12
    SCALEGUARD - Long Life Protection 100 140 Uinta Basin Scale Inhibition Success No production loss due to scaling, and lowers LOE 90 120 Controlled release working as designed 80 After 8 months, no scaling problems Maintain…
  13. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 13
    SCALEGUARD Lowers LOE Reliable / controlled release of scale inhibitor from proppant pack Remediate scale build up near perforations and wellbore 8 months without Scaling in tubulars / proppant pack Eliminated workover operations…
  14. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 14
    Flow Enhancement - CARBORPM Increases Production and EUR by improving the permeability to hydrocarbons in the propped fracture Minimize capillary pressures in propped fracture with neutral wettability Increase effective fracture…
  15. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 15
    Fracture Evaluation - CARBONRT Identifying proppant placement, helps identify production improvement Non-radioactive tagged proppant Environmentally friendly, manufactured into proppant grains Direct measurement of proppant…
  16. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 16
    Well Production - Hierarchy of Proppant Value Highest Production, EUR, ROI Highest Conductivity High density Ultimate-high strength Ultra-conductivity Mono-sized More uniform flow path Spherical More durability Smooth surface…
  17. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 17
    Ultra-conductive ultra-high strength proppant technology Originally developed for deep water and ultra-high stress formations. Have since developed it into a family of products to address other reservoir conditions.
  18. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 18
    KRYPTOSPHERE is a paradigm shift in improved Conductivity KRYPTOSPHERE HD Competitors Bauxite Superior Shape, Surface, Microstructure, and Durability KRYPTOSPHERE HD is the strongest, highest conductivity Proppant commercially…
  19. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 19
    Proppant is one of the biggest factors in determining Production and EUR in fracture stimulated wells. It is important that E&P Operators know what proppant is being used in their wells. Make sure you are getting the Conductivity and…
  20. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 20
    Do You Know What Proppant Is Going In Your Well Highest Production, EUR, ROI Highest Conductivity High density Ultimate-high strength Ultra-conductivity Mono-sized More uniform flow path Spherical More durability Smooth surface…
  21. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 21
    Production & EUR is sacrificed using low quality Chinese ceramic Three Bakken field samples of low quality Chinese ceramic: Chinese 20/40 IDC Chinese 20/40 IDC Chinese 20/40 IDC Production & EUR Loss due to Poor Quality: Supplier A…
  22. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 22
    CARBOLITE versus Chinese Ceramic Three Bakken field samples of low quality Chinese ceramic: CARBOLITE 20/40 Chinese 20/40 IDC Chinese 20/40 IDC Chinese 20/40 IDC Supplier A Supplier B Supplier C Bottom Row Represents Whole Pellet…
  23. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 23
    CARBOLITE versus Brazilian & Russian Ceramic Two Brazilian & one Russian field samples of low quality ceramic proppant: CARBOLITE 20/40 Brazilian 20/40 LDC Brazilian 20/40 LDC Russian 20/40 LDC B1 B2 R1 Bottom Row Represents Whole…
  24. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 24
    Bakken Operator CARBO vs Chinese 30 Day Cum Oil *EUR 12 300 6 wells with 10 CARBOECONOPROP low250 +20% density ceramic (LDC) +120,000 8 200 4 wells with Chinese bbl Oil intermediate density 6 ceramic (IDC) 150 4 Frac Design (per…
  25. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 25
    Americas Energy Renaissance ..Made in America Stakeholder Value American Made Low Quality Chinese Measurement Ceramic Proppant Ceramic Proppant E&P Operators Production & EUR Higher Lower Less BOE produced, due to poor quality of…
  26. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 26
    Over 150 SPE papers have been written documenting the benefits of increased conductivity on well Production and EUR. Generally, the payout on the additional Proppant investment is less than 3 - 6 months, and increases Production and EUR…
  27. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 27
    More Stimulated Reservoir Volume = Higher EUR Contact Area Conductivityfor Life of Well To be economical, low perm reservoirs Convergent Flow from Transverse Fracs require large contact areas to drain creates enormous flow velocity…
  28. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 28
    Is Your Well Built On Sand Foundations 29
  29. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 29
    Eagle Ford Small Mesh Sand Evaluation ..100 mesh sand can reduce EUR 6,000 CARBOLITE 20/40 CARBOLITE 30/50 Small-Mesh Operators 5,000 White Sand 20/40 Other Operators White Sand 30/50 White Sand 40/70 Conductivity (md-ft)…
  30. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 30
    Permian Basin - Wolfcamp Operators, Ward County 200,000 183,097 Low Density Ceramic - 7 Wells 180,000 RCS - 9 Wells Ceramic wells Cumulative Production (BOE) 160,000 out produce Sand - 21 Wells offset RCS 140,000 wells by…
  31. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 31
    Permian Basin - Bone Spring Operators, Lea County 100,000 CARBOLITE/CARBOECONOPROP (3 wells) 90,000 RCS (4 wells) 80,000 Sand (19 wells) 74,682 70,000 Ceramic wells out produce 60,000 offset Sand Cumulative Oil (bbls) 52,702…
  32. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 32
    Permian Basin - Bone Spring Operators, Lea County 90,000 Low Density Ceramic - 11 Wells 76,522 80,000 RCS - 6 Wells Ceramic wells 70,000 out produce Sand - 16 Wells offset Sand Cumulative Production (BOE) 60,000 58,131 wells…
  33. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 33
    Bakken Operator Optimizing Completion Design 70 Thousands 6 Mo Cum Oil 16 60 62 NPV (M) 14 50 12 92% 6 Mo Cum Oil (bbl) 40 10 NPV (M) 8 30 34 32 27 6 20 4 10 2 0 0 Conductivity Low Cost Contact Area Contact…
  34. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 34
    Bakken - Statoil Mountrail County 350,000 CARBOECONOPROP CARBO (7 Wells) (7 wells) 309,781 300,000 WhiteSand White Sand (12 (12 wells) Wells) Ceramic wells out produce offset Sand 250,000 Cumulative Oil Production (bbls)…
  35. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 35
    Bakken - Liberty Resources Williams County Liberty Resources has lead the way in increasing Contact Area and Conductivity Higher well production results compared to offset wells, has verified the technical success of their…
  36. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 36
    Eagle Ford Operator Optimizing Completion Design 70,000 90 Day Cum Oil 66,300 60,000 Significant uplift to optimizing contact and conductivity 50,000 90 Day Oil (bbl) 40,000 30,000 35,100 28,860 20,000 10,000 0…
  37. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 37
    Haynesville High Stress Reservoirs Need Ceramic 3,000,000 ---- CARBOHYDROPROP 40% Tail-in (20 wells) 2,672,809 Cumulative Production (MMCF), per well avg. ---- Resin Coated Sand 40% Tail-in (33 wells) 2,500,000 24% 2,155,748…
  38. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 38
    Cost Neutral Design.Ceramic outperforms Sand 2.4 x increase in sand/ft lateral yields 32% less Production 2,500,000 CARBOECONOPROP White Sand (Normalized) 2,000,000 Ceramic well Cumulative Gas (MCF) out produces offset Sand…
  39. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 39
    The Industry Down-Cycle Business Impacts Industry Impact On Our Results
  40. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 40
    Industry Down-Cycle Business Impacts With oil price down 50%, and natural gas pricing expected to remain low: The decline in rig count has been very large, and very fast. Lower 48 down 50% E&P Operators are not completing…
  41. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 41
    CARBO Down-Cycle Actions and Focus In the near term, we focus on being cash positive: Reduce inventory levels Mothballing, idling and slowing down production at our manufacturing facilities. This results in under-absorbed / period…
  42. SCOTIA HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 42
    We are building an enduring company that withstands the large industry cycles, by focusing on improving well Production and EUR through continuous development of industry leading technology.

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