Guidon Energy –  Midland Basin Oil and Gas Exploration and ProductionGuidon Energy –  Midland Basin Oil and Gas Exploration and ProductionGuidon Energy –  Midland Basin Oil and Gas Exploration and ProductionGuidon Energy –  Midland Basin Oil and Gas Exploration and Production
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Company Overview

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    COMPANY OVERVIEW

    Contiguous, operated scale land position with rights to all benches

    33,600 net acres (45,800 gross acres)

    >95% operated w/ JOA in place

    94% HBP/CDC: can satisfy minimal CDC/expirations with 0.5 rig per year

    20–30% AMI partner under JOA (~8,000 additional net acres)

    Deep inventory of drill-ready, executable locations

    >1,200 drill-ready locations (operated, >7,500’, >95% WI control, offset economically proven zones in MSPBY, JM, LSPBY, WCA, WCB)

    5 zones / 8 benches currently being developed

    9,600’ average lateral length for all future drill ready locations

    Robust current production profile and strong well results provide near-term cash flow

    Current production: 10,400 net boe/d (19,000 gross boe/d)

    Wells: 28 Hz producing¹ / 20 WOC / 48 Hz drilled, 6 in progress

    Avg. EUR 126 MBOE/1,000’ for the 16 wells > 3 months production

    Active rigs: 2

    Crude, water, and gas infrastructure in-place to support near-term full-field development

    200,000 bbl/d of current water recycle capabilities

    Partnership with Waterfield to provide 3 Ellenberger SWD wells with ~34 miles of 16” & 20” poly lines connecting across our development areas by the end of 2019

    Developing acreage position with focus on efficiency through pad drilling, production corridors, water recycling and offtake pipeline capacity

    Proprietary science work and database across the asset to drive resource recovery

    Optimizing reservoir recovery through full core analysis across acreage and 330 mi2 of high quality 3D seismic covering ~91% of leasehold

    3,900’ whole cores and extensive logs across the acreage position

    Asset Position

    * All data above as of February 6, 2019 and will change as development continues
    ¹ 8,500’ average lateral length of the 28 producing / drilled wells

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    Guidon Energy –  Midland Basin Oil and Gas Exploration and Production