Jefferies Financial Group Investor Day Presentation Deck
2022 | Vitesse Today
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See pages 65-69 at the back of this presentation for endnotes.
- Horizontal Wells
Vitesse 2022 Acreage
Vitesse
Core Bakken drilling activity has expanded into the acreage Vitesse bought at attractive
valuations
▪ Vitesse holds substantial undeveloped inventory as its "Deeper, Denser, Cheaper, Better,
Expanded" thesis continues to play out
▪ Vitesse now produces a substantial amount of free cash flow and an estimated 80%+ of its
asset consists of undeveloped drilling locations
▪ To date, ~17,000 horizontal wells have been drilled in North Dakota and ~800 new wells
continue to get drilled each year(¹)
▪ At the current pace, an additional 40,000+(²) Bakken wells are expected to be drilled over the
next 50+ years
▪ Vitesse is positioned to participate in this future Bakken development and generate
sustainable cash flow
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