Investor Presentaiton
23
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Mature Natural Gas & NGL Production
North Texas Barnett Shale
Overview
•
Properties located in north Texas in Bosque, Denton, Hill, Hood, Johnson, Parker,
Somervell, and Tarrant Counties
•
Production out of the Barnett Shale formation
•
• Increased natural gas pricing encouraging operators to reject ethane processing
•
Diversified Energy performing low-cost workovers and return to sales projects
Highlights
•
Long-lived PDP reserves (2), < 10% base decline
~25% natural gas liquids content
.
Majority of wells completed between 2007-2010
•
Mature, low decline production with potential upside workover opportunities
Location
OK
AR
NM
Barnett
Shale
Denton
LA
N
TX
Dallas
Parker
Tarrant
~21,000
Acres
Johnson
Ellis
•
100% HBP acreage primarily in rural areas allowing for more efficient operations
Statistics
Operator
Avg. Net Daily Prod (2Q FY2023)
Acreage (100% HBP)
EPM Average WI % / Avg. NRI %
Pricing
Commodity Split (Reserves) (2)
Net PDP Reserves(2)
Net PDP Reserves / Net Production (R/P)(2)
Notes:
1. Gas conversion ratio of 6:1; NGL ratio of 1:1.
Diversified Energy Company
19.8 MMCFED / 3,304 BOEPD(1)
~21,000 net acres
17.0% / 14.0%
Access to premium Gulf Coast gas markets
~74% Gas, ~25% NGLS, ~1% Oil
Palo Pinto
Hood
Somervell
Erath
Bosque
0
10
20
~65.6 BCF,
~3.6 MMBbls NGLS, ~0.1 MMBbls Oil
MILES
~ 12 years
2. FYE2022 reserves prepared by DeGolyer & MacNaughton as of 7/1/2022 at 6/30/2022 SEC prices of $5.19/MMBTU and $85.82/bbl.
Hill
Extent of
Barnett Shale
AEVOLUTION
Petroleum CorporationView entire presentation