DJ Basin

DJ Basin Statistics

Est. Proved Reserves

86

MMBOE

Net Production

6.2

MMBOE

Net Acreage

~151,100

Acres

2017 YE; Net acreage includes Hereford Field

Denver-Julesburg “DJ” Basin

Our large, continuous acreage position in the Northeast Wattenberg and Hereford Fields of the DJ Basin are located predominantly in rural areas of the eastern plains of Colorado and parts of southeastern Wyoming with an associated favorable regulatory environment. We expanded our core acreage position in December 2017 with the addition of ~ 81,000 net acres in the Hereford Field.

Our activity in the basin is directed at profitable development through the use of horizontal drilling targeting the stacked-pay horizons of the Niobrara and Codell formations, which are located at an approximate vertical depth of 6,000 feet. Given the highly contiguous nature of our acreage position, the majority of our wells incorporate an average lateral length of approximately 9,500 feet to maximize economic returns. Our experienced team of geologists and geophysicists have utilized seismic data and performed detailed core analysis to confirm that the reservoir and resource quality is consistent throughout our acreage position. Through the application of horizontal technology we seek to create value through our long-term development program.