Investor Presentaiton
WET GAS PLAY: FULLY BURDENED ECONOMICS
Development Scenario (4,400' Lateral)
Typical Well
EUR/Well (Bcfe)
15
Upper Range Well
EUR/Well (Bcfe)
16
21
Fully Burdened Economics @ $50 WTI / $3.00 HHub
Fully Burdened Economics @ $50 WTI / $3.00 HHub
NPV-10 ($ MM)
$5
$8
NPV-10 ($ MM)
BTAX IRR
44%
79%
BTAX IRR
$8
$19
133%
345%
Product Mix
Product Mix
% Oil (Mbbls)
3%
15%
% Oil (Mbbls)
0%
9%
% NGL (Mbbls)
51%
56%
% NGL (Mbbls)
41%
55%
Well Cost ($ MM)
$4.0
$6.0
Well Cost ($ MM)
$4.0
$6.0
Single Well Economic Assumptions:
•
Prices: $50 WTI / $3.00HH / NGL = 60% WTI
•
Waha basis = $0.35/MMbtu; midstream fee = $0.93/Mcf
Apache
⚫NGL yields and midstream fees assume cryogenic processing.
• Economics include overhead, workover, abandonment and E&P facility burdens.
Note: end points shown for EUR, NPV, Product
Mix and Well Costs are ranges and may not
correlate directly when read in a column
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