Investor Presentaiton
Summary of Full Inventory
Land and Resource Management
TEXAS
EST. 1888
PACIFIC
LAND CORP
Gross Locations
Average
Additional
Sub-region
NRI
(2)
NRA
DSUs
PDP
Completed
DUCS (3)
Permits Undeveloped
Total
Locations
PDP + Total
Locations
Gross Undeveloped
PDP + Total
Average Lat.
Resource (Mmboe) Locations/DSU
Length (ft.)
Northern Delaware
2.3%
9,206
510
1,869
70
247
9,628
10,122
11,991
16,417
ן
24
6,312
Southeast Delaware
2.1%
2,126
102
182 II
9
26
792
845
1,027
611
10
6,553
Southwest Delaware
3.0%
5,112
132
22
8
1,848
1,856
1,878
H
1,951
14
5,336
Delaware
2.4%
16,444
744
2,073 ||
79
281
195
12,268
12,823
14,896
18,979
2
201
6,205
||
Midland
0.5%
2,640
344
1,520
104
296
142
6,286
6,828
8,348
5,345
241
8,483
Other
1.8%
4,631
128
727
739
830
329
6,054
Total
1.7%
23,715
1,216
3,684
187
584
338
19,281
20,390
24,074
24,653
20
6,975
T
Established
Production
Base
High Near-Term Cash
Flow
Outstanding Organic Resource
Grounded in
Conservative
Assumptions
Total Gross Locations
Permitted Wells: 338
DUC Wells: 584
Completed Wells: 187
PDP Wells: 3,684
Additional Undeveloped
Locations: 19,281
Undeveloped Gross Locations
Northern Delaware: 9,628
Southeast Delaware: 792
Southwest Delaware: 1,848
Midland: 6,286
Other: 727
Company data and Enverus.
Permian Basin horizontal locations only, shown on a gross location basis. 1,943 vertical wells excluded. Other areas include Eastern Shelf, Western Delaware, and Central Basin Platform. Proved developed locations inclusive of PDP locations and completed locations.
Calculated as 100% Net Royalty Acres divided by DSU Acres.
Source:
Note:
(1)
(2)
(3)
As of 12/31/22 per Enverus. DUCS considered to be all wells awaiting completion.
(4)
Net royalty acres defined as gross royalty acres (533,260) multiplied by the average royalty per acre (4.4%).
Gross undeveloped resource is based on average EUR for each sub-region multiplied by the total location count in the sub-region grossed up by weighted average lateral length for region compared to Enverus type curve, which is normalized to 7,500' ft. well. Additional volumes from vertical wells not captured in gross undeveloped resource.
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