DeWitt County, Texas FY 2015 Budget Presentation Eagle Ford Shale - - PowerPoint PPT Presentation

DeWitt County, Texas

FY 2015 Budget Presentation

Eagle Ford Shale

• Eagle Ford Shale continues to be a game

changer for DeWitt County

• 125 RRC well permits in 2010
• 515 RRC well permits issued in 2013
• 363 wells completed (during last Texas FY)
• 500 permits are likely in 2014

Development continues

Tax Base Comparison: Mineral Values 2011

Percentage of taxes paid

Real Property Age 65 Frozen Property Mineral Values 55%

2014

Percentage of taxes paid

Real Property Age 65 Frozen Property Mineral Values 90%

FY 2015 Budget Presentation

• $90 of every $100 in property taxes to be paid by oil and gas interests based on 2014 tax roll
• $1.92 of every $100 will be collected from the Over 65 and Disabled homesteads

FY 2014 Budget Hearing Presentation 08/20/2013

Typical Decline Curve of Shale Wells

Estimated Ultimate Recovery is > 80% in first 5 years of EFS well

2011 Top 10 Producing Wells

72% value decline in four years of operation

$0 $5 $10 $15 $20 $25 $30 Taxable Value 2011 Taxable Value 2012 Taxable Value 2013 Taxable Value 2014 Millions Hyatt A Unitized (2013) Maraldo A403 #1 Oliver B Unitized (2013) Lanik B W1H Muir A Unit (2013) Oliver Unit 1 W1 Krause B #1 Ressman 01H (plugged) Hamilton TR A405 #1 Metting Nuetzler 01H

$204,453,070 Total for 10 $121,141,970 Total for 10 $57,891,984 Total for Seven $8,270,283 average value in 2014 Ressman 01H ceased production. Hyatt A, Oliver B, Muir A are unitized No data available for 2013

EFS wells expected to produce 80-90% of EUR in the first 5 years

2/2/2016 FY2015 Budget Presentation