Close
❮
❯
Enverus Home
docFinder
M&A
Learn More
Videos
About Us
Contact Us
Register
Log In
Username (email)
Password
Remember Me
Forgot Password?
or
Sign Up Now!
New Search*
Back to Results
Note: Only one slide is currently available because you are not currently logged in.
Full Document
Key Slides
Venoco Inc
|
Q3 2011 Update
| Tim Marquez | Page 11 of 11 |
March 29, 2024
Save
Email
Print
View in Results
toolButton
prevButton
nextButton
prevKeyButton
nextKeyButton
prevKeyButton
nextKeyButton
byDateAscButton
byDateDescButton
byCompanyNameAscButton
byCompanyNameDescButton
hidden
hidden
Document:
"Q3 2011 Update"
View Full Document
×
Search Selection
Search by Text
Search
Search by Slide
Search
Cross reference your docFinder results against PLS' extensive news archives.
For demo or training contact Melwyn Oommen,
melwyn.oommen@drillinginfo.com
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See
Legal Disclaimer
.
Next 200
First
Previous
Zoom
Next
Last
Sevier – Type Curve & IRR Sensitivity(1) Venoco, Inc. 11 0% 50% 100% 150% 200% 250% 300% 350% 400% 450% $60 $70 $80 $90 $100 $110 $120 IRR Type Curve IRR Sensitivity to Oil Price(2) (1) All data reflects unrisked estimates that are generally based on deterministic volumetric calculations that utilize Venoco?s and historical drilling results in a given area and represent our current understanding of the reservoir properties. The estimates reflect modeled data and not the results of wells drilled to date. Capital costs incurred for use in economics estimates include run-rate drilling and completion costs and facility investments, but exclude costs such as capitalized G&A, land acquisition, and permitting costs. See “Cautionary Statement Regarding Forward Looking Information” and “Net Asset Value & Unrisked Data.” (2) Net price received at field. During 2011, California postings have been at a premium to WTI. 25% 75% 125% 175% 225% 275% 325% 375% IRR Gross IP (BOPD) $2.5MM D&C $2.0MM D&C 85 107 127 145 169 182 211 220 253 257 295 295 IRR Sensitivity to D&C and IP 0 50 100 150 200 250 300 350 BOPD Daily Oil Production (BOPD) Sevier Type Curve (Vertical) $100/Bbl (~$85 NYMEX)(2) ? Potential Original Oil in Place: 1.36 BBO ? Recovery Factor: 6.5% ? Potential Net Reserves: 70.3 MMBO ? Net Productive Acres: 6,000 ? Development Well Count: 300 ? Single Well Economics ? Gross D&C Cost = $2.5 MM ? EUR = 233 MBO (net) IP = 295 BOPD ? NPV-10 = $7.6 MM Flat Pricing: $100/BO and $4/MCF ? ROR = >100% Status: Discovery announced