68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Marcellus Potential<br />
Planned<br />
production<br />
growth of over<br />
150 MMcf/day<br />
over next 4<br />
years<br />
Contingent Resource Est. 2009 2010<br />
Operated - 1.2 Tcfe<br />
Non-Operated 2.1 Tcfe 2.7 Tcfe<br />
Total 2.1 Tcfe 3.9 Tcfe<br />
# of Net Locations 639 926<br />
Land Utilization 55% 65%<br />
Average EUR/Well 3.4 Bcfe average 4.2 Bcfe average<br />
Well Costs $4 – $5 million $4.5 – $6.8 million<br />
Density 4-8 wells/640 acres 4-8 wells/640 acres<br />
2P Reserves 24 Bcfe 117 Bcfe<br />
3.9 Tcfe of<br />
best estimate<br />
contingent<br />
resource<br />
• Majority of reserve bookings are in Lycoming, Susquehanna<br />
and Marshall counties - represents about 1 year’s drilling<br />
• Best estimate of contingent resource is nearly 5x booked<br />
corporate 2P natural gas reserves<br />
• Attractive finding and development costs of $1.64/Mcfe in 2010<br />
and over life<br />
29
Change language