Midland Basin

Midland Basin Asset Overview

  • Strong offsetting operator results in Lower Spraberry, Wolfcamp A, B and D (Cline)
  • Additional upside in 4+ separate horizons
  • Horizontal activity on the Company’s acreage
    • 2 producing horizontal Wolfcamp wells in Glasscock County
    • 1 permitted horizontal Wolfcamp well in Howard County
  • Near-Term Strategy
    • Establish operating presence through acquisition of operated production
    • Grow production organically and through acquisitions
    • Expand acreage and location inventory


Glasscock, Howard, Martin and Midland Counties, Texas

[table width=”100%” colwidth=”25%|25%|25%|25%” colalign=”center|center|center|center”]
County*Gross Acres*Net Interest(%)*Net Acres
Martin*1,757*43.750*769
Martin*1,127*20.000*225
Midland*640*43.750*280
Glasscock*4,480*43.750*1,960
Howard*6,121*40.625*2,487
Howard*640*25.390*162
Total*14,765**5,883
[/table]



Midland Basin – Howard County

  • 6,761 gross / 2,649 net acres prospective for the Wolfcamp
    • Leasehold interest of 25% to 41%
  • First horizontal well planned for August 2016
  • Increasing horizontal well activity by other operators in Howard County
    • Offset by Encana and Oxy
  • Contiguous acreage block allows for efficient layout of long laterals



Midland Basin – Glasscock County

  • 4,480 gross / 1,960 net acres prospective for the Wolfcamp
    • Leasehold interest of ~44%
  • Earthstone’s first two horizontal Wolfcamp wells in Glasscock County were drilled during June and July 2015
    • Mallard 23 #1H well
      • Lateral length of 6,953 feet, 35 frac stages
      • Gross production for the first 60 days averaged 505 Boepd (91% oil)
    • McDaniel 2413 #1H
      • Lateral length of 9,703 feet, 48 frac stages
      • Gross production for the first 60 days averaged 600 Boepd (91% oil)
  • Contiguous acreage block allows for efficient layout of long laterals

Glasscock County Operators