Investor Presentaiton
Multi-Stacked Pay Zones
The play contains multiple stacked pay zones
that require horizontally ("Hz") drilled and
hydraulically fractured wellbores
Primary target - Wolfcamp A:
-
Internal gross undeveloped resource
potential of 1,512 MBoe (HUSA's net
213MBoe) per Hz well¹
Potential for "Wine Rack" spacing,
330' lateral x 175' vertical, where shale
thickness allows (i.e. Wolfcamp A -
Upper and Lower)²
Well cost for 4,500' lateral of $7.0 MM.
25 days to drill-14 to complete-20 days of
flowback.
Spacing allows for potentially eight 4,500' Hz
wells per 640 acres in each stacked prospective
pay zone ("bench"). Utilizing Centennial's
Producing Zones (), calculate a total of
potentially 40 Hz wells per 640 acres.
-3,000 ft
Bone Spring
Avalon
Wolfcamp
Multiple Stacked Pay Zones³
GR RES POR KER SW LITH OIP G.SAT
AAAAA
CENTENNIAL
First
Second
Equivalent to
Middle Spraberry
Shale of Midland
Basin
Third
Equivalent to
Lower Spraberry
Shale of Midland
Basin
3rd Sand
Upper WC A
Lower WC A
WC B
Centennial Potential Pay Zones
Centennial Producing Zones
1. Internal resource estimate prepared assumes 18.7% net working interest (14.1% net revenue interest) and utilizes public information on trend released via Centennial
Silverback Acquisition Overview -November 2016, page 9 averages 13 producing wells from Wolfcamp A - NSAI gross Oil EUR 457 MBO (total including gas and NGL EUR
1,275 BOE).
WC C
2.
Per Resolute Energy Corporation's press release dated December 19, 2016, page 2.
3.
Image taken from Centennial Goldman Sachs Global Energy Conference presentation – January 2017, page 8.
houston american
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