PJT Partners Investment Banking Pitch Book
East Texas Well Level Details
WELL DETAILS
Assumptions
WI
NRI
IP (Mcfd)
Initial Dedine Rate
B-Factor
Terminal Dedine
Gas EUR (BCF)
Locations
Gross Locations
Net Location
Economics (¹)
PV-10 ($M)
IRR
CapEx ($M)
TYPE CURVES
10,000
8,000
6,000
4,000
2,000
Cumulative Gas (MMCF)
0
ETX Shelby HSVL ETX Highlander HSVL ETX Highlander BSSR
7,500'
6,500'
6,500'
39.0%
31.0%
9,300
22.0%
6.0%
11.3
63
25
$2,843
22.5%
$10,600
23.0%
18.0%
11,500
22.0%
-ETX Shelby HSVL 7,500'
Note: As of November 2017.
(1) Economics shown on an 8/8ths basis; IRR assumes $3.00/MMBtu.
6.0%
14.1
57
13
$6,111
39.8%
$11,100
26.0%
20.0%
9,500
22.0%
6.0%
11.7
65
17
$3,100
24.0%
$10,700
Old forecast, not necessarily
representative of Company's current
business plan and financial forecast
0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60
Months
ETX Highlander HSVL 6,500'
-ETX Highlander BSSR 6,500'
21
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