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DELAWARE BASIN REPORT April 2017
REPORT SAMPLE
1
Delaware Basin Report | Table of Contents
This presentation is for discussion purposes only. Information is provided "as is" without warranty of any kind, either expressed or implied. You assume all risk using the information. In no event shall Detring & Associates, LLC or its representatives be liable for any direct, indirect, special or consequential damages resulting from the use of this information.
The materials are confidential, for your private use only, and may not be shared with others (other than your advisors) without Detring & Associates, LLC’s written permission.
Title Page Number
Introduction 4
Horizontal Activity Update 25
Public Disclosure 38
Top Operator Report 42
County Detail 79
Well Performance Analysis 96
Bone Spring 1st 106
Bone Spring 2nd 156
Bone Spring 3rd 206
Wolfcamp A 244
Wolfcamp B 327
Introduction | Location Map(1)
21. Horizontal wells spud since 1/1/2010.
LeaEddy
Pecos
Reeves
Culberson
Jeff Davis
Ward
Gaines
Winkler
Andrews
Loving Ector
Crane
0.752016-17 Hz Permits
Hz Wells
Hz Rigs
Southern DelawareReeves, Loving, Culberson, Winkler, Ward & Pecos Cos. TX
Primary Targets: Wolfcamp & 3rd Bone Spring
Northern DelawareEddy, Lea Cos. NM
Primary Targets: 1st, 2nd & 3rd Bone Spring
5535%
2919%
2113%
1812%
128%
106%
64%
53%
Reeves Loving EddyLea Pecos CulbersonWard Winkler
Rigs by County
Introduction | Top Zones Location Map(1)
31. Horizontal wells spud since 1/1/2010.
LeaEddy
Pecos
Reeves
Culberson
Jeff Davis
Ward
Gaines
Winkler
Andrews
Loving Ector
Crane
Wolfcamp AWolfcamp BBone Spring 1st
Bone Spring 2nd
Bone Spring 3rd
Wolfcamp NABone Spring NA
14%
17%
10%
23%
6%1%
29%
BS 1st BS 2nd BS 3rd WC A
WC B Other(s) NA
Total Spuds(1)
55
40
29
23 22 21 21 21 20 20 19 18 1715
13 12 12 11 11 10
RE
EV
ES
(TX
)
MID
LA
ND
(TX
)
LO
VIN
G (T
X)
WE
LD
(CO
)
BL
AIN
E (O
K)
ED
DY
(NM
)
MA
RT
IN (T
X)
KIN
GFI
SHE
R (O
K)
KA
RN
ES
(TX
)
MC
KE
NZ
IE (N
D)
DE
SO
TO
(LA
)
LE
A (N
M)
UP
TO
N (T
X)
HO
WA
RD
(TX
)
RE
AG
AN
(TX
)
PE
CO
S (T
X)
DU
NN
(ND
)
GR
AD
Y (O
K)
CA
NA
DIA
N (O
K)
DIM
MIT
(TX
)
4
Introduction | Delaware Basin vs. Top U.S. Resource Plays
Hz Rigs Running by County (Total U.S.)
Hz Spuds Through Time
710 Hz Rigs Running
22%
19%
14%11%
8%
6%
6%
14% Delaware
Midland
SCOOP/ STACK
Eagle Ford
Appalachia
Williston
Haynesville
Nov-14 collapse in oil pricing
47%
51%
57%
172%
161%
Midland Delaware Eagle Ford SCOOP/STACK Williston
0
100
200
300
400
500
600
Jan-
10
Jan-
11
Jan-
12
Jan-
13
Jan-
14
Jan-
15
Jan-
16
Jan-
17
Act
ual
Mon
thly
Sp
ud
s
0%
50%
100%
150%
200%
Nov
-14
May
-15
Nov
-15
May
-16
Nov
-16
Mon
thly
Sp
ud
s vs
. Oct
-14
Delaware Basin leading the country in hz rig count at
22% of total (slightly ahead of the Midland Basin).
Nov-14 collapse in oil pricing
5
Horizontal Activity Update | Development Through Time
LeaEddy
Pecos
Reeves
Culberson
Jeff Davis
Ward
Gaines
Winkler
Andrews
Loving Ector
Crane
2016-17201520142013Pre-2013
Play development began in western Ward/southern Loving along with the
Northern Delaware in NM. Drilling activity has since
expanded to span the majority of the play as multiple benches have
been proven highly economic.
6
Horizontal Activity Update | Treated Lateral Length Heat Map(1) (Ft)
1. Horizontal wells spud since 1/1/2010.
LeaEddy
Pecos
Reeves
Culberson
Jeff Davis
Ward
Gaines
Winkler
Andrews
Loving Ector
Crane
< 5,0005,000 – 6,0006,000 – 7,0007,000 – 8,0008,000 – 9,0009,000 – 10,000
> 10,000
Early development mostly utilized ~1 mile laterals while recent
expansion within the basin has shifted towards 1.5+ mile
wellbores.
LeaEddy
Pecos
Reeves
Culberson
Jeff Davis
Ward
Gaines
Andrews
Winkler EctorLoving
Crane
Presidio Brewster
Chaves Yoakum
Otero
Horizontal Activity Update | Well Performance Map
EUR vs. GOR (All Zones)
Legend (Size = EUR)
100% Oil 100% Gas
7
GOR increases from west to east in the Delaware Basin,
with superior economics realized regardless of hydrocarbon window.
Horizontal Activity Update | Wellhead Production Detail(1)
Production Through Time (MBoed)
Top Operators & Counties (November 2016)
8
0.0
1.0
2.0
3.0
4.0
5.0
6.0
0
200
400
600
800
1,000
1,200
Jan-12 Jan-13 Jan-14 Jan-15 Jan-16
Well C
oun
t ('000s)G
ross
MB
oed
Gas (MBoed)
Oil (MBbld)
Well Count
145
120
106
80
60
COG
EOG
CIMAREX
ANADARKO
OXY
245
226
217
179
104
REEVES (TX)
EDDY (NM)
LEA (NM)
LOVING (TX)
CULBERSON(TX)
1. Horizontal wells spud since 1/1/2010.
CONCHO
LeaEddy
Pecos
Reeves
Culberson
Jeff Davis
Ward
Gaines
Winkler
Andrews
Loving Ector
Crane
BrewsterPresidio
Chaves Yoakum
4,829 horizontal wells were declined across the Delaware Basin (Wolfcamp & Bone Spring)(1)
– Both hydrocarbon streams forecast (wellhead oil and gas)
– Wells parsed by data quality to increase accuracy (see following page)
Economics by well generated using actual & forecast production and economic parameters above
– Capex calculated by well based on lateral length, measured depth and proppant pumped
Type curve subsets generated within each play based on well vintage, geography, performance, hydrocarbon content and completion parameters
– IP-30 and EUR based on statistical distributions (wellhead oil and gas) per pound of proppant
– Curvature (“b” factor) and final decline (“Dm”) based on average of Type 1A wells within subset
– Initial decline (“Di”) varied until IP-30 and EUR match statistical data
Type curves generated by area normalized to 15 MMlb frac’s (i.e., 7,500 ft laterals at 2,000 lb/ft)
Well Performance Analysis | Summary
Location Map
Methodology
Legend
DeclinedUndeclined(2)
Economic Assumptions
Pricing: NYMEX strip as of 3/24/2017
Differentials: ($5.00)/Bbl oil, ($0.50)/Mcf, 30% of NYMEX NGL realized pricing
LOE: $10k/well/mo. for 12 months, $5k/well/mo. thereafter (fixed) + $4.00/Boe (variable)
Gas Stream: 20-30% shrink, 60 - 120 Bbl/MMcfNGL yield
TX Taxes: Oil 4.6%, Gas 7.5%, Ad Valorem: 2.5%
NM Taxes: Oil 7.1%, Gas 7.9%, Ad Valorem: 5.0%
Capex: Based on public disclosure and varied by well based on lateral length, proppant, and depth
Acreage Valuation/Drill-Out (Base Case):
Rigs: 1 rig
Spud-to-Spud Timing: 30 days
Gross Acres: 15,000
Spacing: 160 acres
Location Count: 93 gross locations
Valuation: PV20
91. Horizontal wells with first production after 1/1/2010 and publicly available
production data at time of publication.2. Wells with inadequate production data to forecast reserves & economics.
2017E 2018E 2019E 2020E 2021E+
Oil ($/Bbl) $49.07 $49.90 $49.88 $50.17 $50.92Gas ($/MMBtu) $3.28 $3.05 $2.87 $2.85 $2.85
Well Performance Analysis | Bone Spring Type Area Summary (38 Areas)
1. EUR and IP data are three-stream values, normalized for 7500 TLL & 15MMlb proppant
Threshold Oil Price
Capex ($/Bbl) @ ROR of: EUR(1) IP30(1)
Area Pre-Tax ROR ($MM) 10% 20% $M/Acre MBoe % Liq (Boed)Bone Spring 3 Area 9 NM $8.8 17.60 19.75 $91 3,762 82% 6,000Bone Spring 2 Area 3 336% 8.6 23.05 26.19 46 2,331 85% 3,774Bone Spring 3 Area 2 318% 8.6 22.08 25.40 48 2,625 82% 3,728Bone Spring 3 Area 4 306% 8.8 22.26 25.52 51 2,634 86% 3,581Bone Spring 1 Area 1 276% 8.4 19.82 23.51 44 2,823 65% 4,019Bone Spring 3 Area 3 250% 8.8 24.07 27.44 46 2,232 93% 3,274Bone Spring 1 Area 2 249% 8.5 20.65 24.32 46 2,796 70% 3,398Bone Spring 1 Area 5 246% 8.6 19.94 23.91 44 2,981 66% 4,054Bone Spring 3 Area 1 224% 8.5 23.54 27.22 38 2,277 73% 3,809Bone Spring 2 Area 9 192% 8.5 20.31 24.79 38 2,659 55% 4,171Bone Spring 2 Area 1 182% 8.5 21.23 25.62 35 2,694 62% 4,015Bone Spring 1 Area 6 172% 8.6 23.03 27.25 35 2,478 69% 3,736Bone Spring 1 Area 9 154% 8.6 13.73 19.91 37 3,345 44% 4,039Bone Spring 2 Area 11 142% 8.6 25.48 29.66 32 2,086 76% 3,351Bone Spring 2 Area 4 103% 8.7 28.27 32.68 27 1,745 89% 2,541Bone Spring 2 Area 13 94% 8.8 28.52 33.15 26 1,797 86% 2,759Bone Spring 2 Area 2 90% 8.5 27.53 32.55 22 2,035 72% 3,133Bone Spring 1 Area 10 88% 8.6 23.69 29.66 24 2,548 57% 3,648Bone Spring 3 Area 7 85% 8.8 28.93 33.65 26 1,700 87% 2,340Bone Spring 2 Area 12 81% 8.7 28.88 33.88 23 1,802 77% 2,796Bone Spring 1 Area 13 79% 8.6 27.42 32.77 24 2,090 79% 2,199Bone Spring 2 Area 8 75% 8.8 30.23 35.11 22 1,614 87% 2,426Bone Spring 1 Area 14 63% 8.7 30.15 35.72 18 1,833 75% 2,217Bone Spring 1 Area 7 53% 8.7 30.74 36.89 15 1,921 69% 2,717Bone Spring 1 Area 11 47% 8.7 32.15 38.53 15 1,707 72% 2,609Bone Spring 3 Area 6 46% 8.7 33.18 39.27 11 1,421 77% 2,435Bone Spring 3 Area 8 37% 8.8 33.97 41.03 11 1,667 69% 2,675Bone Spring 2 Area 10 33% 8.5 36.38 43.18 10 1,403 63% 2,548Bone Spring 1 Area 12 32% 8.7 35.61 42.91 9 1,563 68% 2,176Bone Spring 2 Area 14 31% 8.8 36.08 43.39 7 1,405 73% 2,121Bone Spring 3 Area 5 30% 8.7 37.51 44.26 8 1,276 77% 1,892Bone Spring 1 Area 4 30% 8.4 32.29 42.08 11 1,979 42% 3,145Bone Spring 2 Area 7 28% 8.6 37.96 45.23 7 1,287 78% 1,974Bone Spring 3 Area 10 23% 8.6 40.20 47.58 6 1,173 72% 1,851Bone Spring 1 Area 8 18% 8.5 41.07 51.91 3 1,559 43% 3,328Bone Spring 1 Area 3 17% 8.4 38.85 53.76 5 1,976 38% 2,495Bone Spring 2 Area 5 12% 8.4 47.67 57.76 0 1,041 72% 1,334Bone Spring 2 Area 6 5% 8.5 56.32 66.63 0 821 73% 1,461Average 115% $8.6 $29.48 $35.37 $25 2,029 71% 2,994
Well Performance Analysis | Wolfcamp Type Area Summary (33 Areas)
1. EUR and IP data are three-stream values, normalized for 7500 TLL & 15MMlb proppant
Threshold Oil Price
Capex ($/Bbl) @ ROR of: EUR(1) IP30(1)
Area Pre-Tax ROR ($MM) 10% 20% $M/Acre MBoe % Liq (Boed)Wolfcamp A Area 19 655% $8.8 $20.36 $23.03 $57 2,725 87% 4,238Wolfcamp A Area 13 621% 8.8 18.79 21.58 63 3,199 82% 4,202Wolfcamp B Area 3 236% 8.8 12.23 16.71 51 4,460 58% 4,305Wolfcamp A Area 18 177% 8.8 23.93 27.90 35 2,196 83% 3,310Wolfcamp A Area 2 147% 8.7 21.57 26.00 34 2,580 68% 2,982Wolfcamp A Area 3 122% 8.8 24.70 29.28 28 2,155 73% 3,178Wolfcamp A Area 5 122% 8.9 25.54 30.02 29 2,049 80% 2,930Wolfcamp B Area 4 121% 8.7 15.75 21.53 35 3,595 55% 2,858Wolfcamp B Area 2 105% 8.7 17.38 23.56 32 3,019 49% 3,046Wolfcamp B Area 1 104% 8.7 14.29 21.15 34 3,458 45% 3,082Wolfcamp A Area 10 104% 8.9 25.88 30.48 29 2,016 87% 2,066Wolfcamp A Area 4 103% 8.9 25.10 30.01 27 2,196 75% 2,651Wolfcamp A Area 15 99% 8.8 26.82 31.67 23 1,924 74% 3,224Wolfcamp A Area 12 98% 8.8 25.29 30.10 27 2,084 74% 2,325Wolfcamp A Area 1 97% 8.6 19.01 24.95 35 3,115 57% 2,009Wolfcamp A Area 20 87% 8.7 27.71 32.64 23 1,781 87% 2,057Wolfcamp A Area 7 84% 8.7 24.99 30.47 24 2,240 68% 2,285Wolfcamp A Area 14 77% 8.9 29.08 34.24 21 1,674 90% 2,321Wolfcamp A Area 9 76% 8.8 28.45 33.78 20 1,787 79% 2,753Wolfcamp B Area 5 71% 8.8 27.04 32.75 21 2,015 71% 2,199Wolfcamp A Area 17 54% 8.8 32.23 37.80 14 1,424 81% 2,352Wolfcamp A Area 24 51% 8.8 31.91 37.90 17 1,617 86% 2,045Wolfcamp B Area 8 47% 8.8 33.81 39.55 12 1,339 80% 2,513Wolfcamp A Area 25 35% 8.8 36.86 42.93 10 1,152 93% 2,062Wolfcamp A Area 6 32% 8.7 32.96 41.61 8 1,827 60% 1,770Wolfcamp A Area 11 32% 8.8 35.83 43.13 7 1,450 69% 2,181Wolfcamp A Area 22 32% 8.7 37.01 43.64 7 1,137 87% 1,428Wolfcamp A Area 16 27% 8.7 38.33 45.52 5 1,162 84% 1,747Wolfcamp B Area 7 19% 8.8 42.45 50.52 1 1,025 84% 1,536Wolfcamp A Area 23 19% 8.7 42.34 50.69 0 1,019 85% 1,279Wolfcamp A Area 21 15% 8.8 44.91 53.33 0 908 88% 1,454Wolfcamp A Area 8 12% 8.7 47.80 58.59 0 949 83% 977Wolfcamp B Area 6 8% 8.8 52.59 66.88 0 1,227 52% 1,632Average 112% $8.8 $29.18 $35.27 $22 2,015 75% 2,454
6000
7000
5500
5000
7500
4500
4000
3500
3000
6500
8000
2500
8500
9000
5500
5000
4500
5500
50008500
9000
LeaEddy
Reeves
Culberson Ward
Loving
Andrews
Gaines
NA
674 714 877 834
NA
753 1,009
1,270 1,082
NA
1,427
1,722
2,147 1,917
NA
572 645 622 693
NA
536 577 722 590
NA
1,108 1,222
1,344 1,284
2012 2013 2014 2015 2016
19
18
5
2
CAPITAN
CIMAREX
CONOCOPHILLIPS
BHP BILLITONNA
4
15
20
5
2012 2013 2014 2015 2016
NA
5.5 6.3 6.8
8.0
NA
6.2
9.2
12.5
16.9
2012 2013 2014 2015 2016
TLL Proppant
NA
1,115
1,447
1,842 2,107
2012 2013 2014 2015 2016
12
Wolfcamp A Area 1 | Summary
Location Map
Top Operators (Total Wells Drilled) Spuds Through Time
Avg. EUR (MBoe) and IP-30 (Boed)(1)
Oil Gas 1. 2-phase.
Avg. TLL (Mft) and Proppant (MMlb) Avg. Frac Density (lbs/ft)
EU
RIP
-30
ROID >2.0x ROID 1.0-2.0x ROID 0.5-1.0x ROID <0.5x
Total (M) Per MMlb Proppant %
Oil Gas Equiv. Oil Gas Equiv. Oil
IP 1,021 5,717 1,974 68 381 132 52%
IP-30 925 5,460 1,835 62 364 122 50%
EUR 1,156 9,965 2,817 77 664 188 41%
Di 92.8% 69.0% NA NA NA NA NA
b 1.356 1.659 NA NA NA NA NA
Dm 8.0% 8.0% NA NA NA NA NA
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
0 2 4 6 8 10
Cum
. Pro
d. (
MB
oe)
Years
Cum Gas
Cum Oil
1,000 MBoe
1
10
100
1,000
10,000
0 2 4 6 8 10
Avg
. Pro
d. (
Bbl
d |
Mcf
d)
Years
Oil (Bod)
Gas (Mcfd)
Type Curve Parameters(1) Type Curve Profile
Statistical Distributions
Type Curve Cumulative Production
Wolfcamp A Area 1 | Type Curve Summary
1. IP/EUR data in Bod/MBbl (oil), Mcfd/MMcf (gas), and Boed/MBoe (total). “Per MMlb” values assume 15 MMlb proppant. 13
P99
P90
P50
P10
P1
1 10 100 1,000 10,000 100,000 1,000,000EUR (MBbl/MMcf) & IP-30 (Bod/Mcfd) per MMlb Prop.
EUR / MMlb Prop IP-30 / MMlb PropMBbl MMcf Bod Mcfd
Stat. Mean 80 662 62 372P10 125 992 92 578P90 42 385 37 203Skew (P10/P90) 3.0x 2.6x 2.5x 2.8xCount 30 28 33 33
Oil42%Gas
58%
IP-3
0 M
ix
Oil50%
Gas50%
EU
R M
ix
EUR DetailGas Total % Liq.
Oil WH Sales NGL WH Sales SalesEUR 1,194 9,936 7,949 596 2,850 3,115 57%Economic (Pre-Tax) & Capex Parameters
PV-10 PV-15 PV-20 PV-25 PV-30NPV ($MM) $14.17 $10.69 $8.44 $6.84 $5.64ROR 97%Payout (Years) (Undis. / Disc. @ 10%) 1.25 1.33ROI (Undis. / Disc. @ 10%) 5.21x 2.67xBase Case $M/Acre $34.8Capex ($MM) $8.6MD (Mft) / TLL (Mft) / Proppant (MMlb) 16.5 / 7.5 / 15.0
$7.7
$4.1 $2.9 $2.4 $2.0
$10.0
$5.4
$3.9$3.2
$2.7
0 1 2 3 4
Year
Taxes LOE
EBITDA Revenue
92%
72%
75%
69%
102%
128%
131%
132%
Opex
Type Curve
Capex
Price
0%
50%
100%
150%
200%
$15.00 $25.00 $35.00 $45.00 $55.00 $65.00 $75.00
Pre
-Tax
RO
R
Oil Price ($/Bbl)
Capex TH Price$7.60 $16.84$8.60 $19.01$9.60 $21.18
$31
$28
$22
$26
$38
$39
$43
$43
Capex
Spacing
Rigs
Pricing
$0
$50
$100
$150
$200
$250
$300
$350
05
1015
20
2530
3540
45
50
0 2 4 6 8 10 12 14 16 18
An
nu
al EB
ITD
A /
Cap
ex ($MM
)
Avg
. Pro
d. (
MB
oed
)
Year
Net Prod. EBITDA Capex
1. ROR sensitivity ranges: +/-10% for Price, Type Curve, and Opex | +/-$1MM for Capex.
2. Threshold pricing calculated by holding gas price deck at strip.
Wolfcamp A Area 1 | Type Curve Economics
Base Case: 97%
Base Case: $35M
Single-Well ROR Sensitivities(1)Type Curve Economics Summary(1)
Single-Well Revenue/EBITDA ($MM) Single-Well Oil Price/Capex Sensitivities(2)
Drill-Out Production & FCF $M/Acre Sensitivities(3)
14
LeaEddy
Reeves
Culberson
Loving
Ward
Winkler
Pecos
Jeff Davis
32%
68%
WC A Other(s)
15
Wolfcamp A | Top Operators(1)
Anadarko (215)Shell (155)Concho (147) Oxy (144) Energen (100) Cimarex (85)EOG (81)BHP (72)Noble (69)Centennial (49)Others (384)
1. Operator activity based on spudded wells since 2010.
Wolfcamp A | Wolfcamp A Structure
Wolfcamp A, overlain by the Bone Spring Formation, rapidly climbs on the Eastern edge of the
basin as it nears the Central Basin Platform
16
Lea
Eddy
Pecos
Reeves
Culberson
Jeff Davis
Ward
Chaves
Gaines
WinklerLoving
Andrews
Ector
Crane
Yoakum
0 20 40 60 8010
Miles ®
8000
9000
7000
5000
6000
4000
2000
3000
SST
VD
Fee
t
LeaEddy
Reeves
Culberson
Pecos
Ward
Loving Winkler
Jeff Davis
Gaines
Top Operator Detail | Concho Resources Position
Concho is one of the leading operators in the basin with its legacy position and vast inventory
of core acreage. The company historically focused on NM development in the Bone Spring but
has recently expanded south where the Wolfcamp reigns supreme.
17Hz Rigs 2016-17 Hz Permits Hz Wells Concho Resources Acreage Position
Concho / Jetta Operating (Jan-16)$360MM | $24M/Acre
Concho / Clayton Williams (Jan-16)Acreage Swap
Concho / Endurance (Nov-16)$434MM | $22M/Acre
Top Operator Detail | Concho Resources Operational Statistics
Spuds Through Time
Spuds by Reservoir (2010-2016) Gross Operated Production (MBoed)(2)
Avg. EUR (MBoe) and IP-30 (Boed)(1)
Avg. TLL (Mft) and Proppant (MMlb) Avg. Frac Density (lbs/ft)
EU
RIP
-30
1. 2-phase.2. Horizontal wells with first production after 1/1/2010 and publicly available production data
at time of publication.
191 258 328 391 551 185 152
213 283
387
376 410 541
675
937
435 525 611 673 855 268 201
249 289 365
703 726 860
962
1,220
2012 2013 2014 2015 2016
5.0 5.2 5.7 5.8 6.7
3.4 4.3
6.3
8.2
11.2
2012 2013 2014 2015 2016
TLL Proppant
683 820
1,112
1,400
1,654
2012 2013 2014 2015 2016
92
151
249
173
94
2012 2013 2014 2015 2016
15%
36%
10%
16%
4%
19%
BoneSpring_1 BoneSpring_2 BoneSpring_3Wolfcamp_A Wolfcamp_B NA 0
100
200
300
400
500
600
700
800
900
0
20
40
60
80
100
120
140
160
180
Jan-12 Jan-13 Jan-14 Jan-15 Jan-16
Well C
oun
t
Gro
ss M
Boe
d
Gas (Boed)
Oil (Bbld)
Well Count
Reeves
Pecos
Ward
LovingWinkler
Lea
Jeff Davis
Eddy
County Detail | Reeves Co.
The Wolfcamp (A&B) have been the overwhelmingly favorite target in Reeves County.
It is the most horizontally active county in the country with >50 rigs currently running.
19
Wolfcamp AWolfcamp BBone Spring 1st
Bone Spring 2nd
Bone Spring 3rd
Wolfcamp NABone Spring NA
County Detail | Reeves Co. Operational Statistics
Spuds Through Time
Spuds by Reservoir (2010-2016) Gross Operated Production (MBoed)(2)
Avg. EUR (MBoe) and IP-30 (Boed)(1)
Avg. TLL (Mft) and Proppant (MMlb) Avg. Frac Density (lbs/ft)
EU
RIP
-30
1. 2-phase.2. Horizontal wells with first production after 1/1/2010 and publicly available production data
at time of publication.
141 274 374 375 611
128 206
251 230
400
269 480
625 604
1,011
236 429 545 597 638 170 228
257 273 361 406
657 802 870
1,000
2012 2013 2014 2015 2016
0
100
200
300
400
500
600
700
800
900
1,000
0
50
100
150
200
250
300
Jan-12 Jan-13 Jan-14 Jan-15 Jan-16
Well C
oun
t
Gro
ss M
Boe
d
Gas (Boed)
Oil (Bbld)
Well Count
744
969
1,207
1,447 1,525
2012 2013 2014 2015 2016
4.9 5.5 5.8 6.1
7.4
3.7
5.3
7.0
8.9
11.3
2012 2013 2014 2015 2016
TLL Proppant
44%
14%2%
1%1%
38%
Wolfcamp_A Wolfcamp_B BoneSpring_3BoneSpring_2 BoneSpring_1 NA
60
142
339 313 314
2012 2013 2014 2015 2016