Company Overview
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