Annual Report (10-k)
April 15 2015 - 4:33PM
Edgar (US Regulatory)
EXHIBIT 99.1
April 7, 2015
Mr. George Harris
Hinto Energy, Inc.
5350 South Roslyn Road Greenwood Village, CO 80111
Re: Reserve
report update for Cisco Field, Utah
Dear Mr.
Harris,
At your request, RSM Resources, LLC (RSM) has estimated
the proved reserves and future net cash flow as of December 31, 2014 for Hinto Energy, Inc. (Hinto) interests in the Cisco Field (Cisco), Mason Lake Field (Mason Lake) and Ragged Point Field (Ragged Point) properties located in Grand County, UT and Musselshell County, MT respectively. This report has been prepared using
actual pricing as defined by contract with constant operating expense parameters using information provided by Hinto.
Summarized below are RSM’s estimates of net reserves and future net cash flow. Future net operating revenue is prior to deducting estimated production taxes and ad valorem taxes. Future net cash flow is after deducting these taxes, operating expenses and future capital expenditures but before consideration of federal income taxes. The discounted cash flow values included in this report are intended to represent the time value of money and should not be construed to represent an estimate of fair market value.
Oil reserves include crude oil and condensate. Oil reserves are expressed in barrels, which are equivalent to 42 United States gallons. Gas reserves are expressed in thousands of standard cubic feet (Mcf) at the contract temperature and pressure bases.
We estimate the net reserves and future cash flow to Hinto from all properties as of December 31, 2014 to be:
| | Net Reserves | Future Net Cash Flow |
Category | | Oil (Barrels) | Gas (mcf) | Total ($M) | PW(10) ($M) |
Proved
Developed Producing | Cisco Field | 37,295 | 0 | $ 1,332.05 | $ 474.60 |
| Cisco Field | 1,846 | 61,521 | $ 49.96 | $ 42.95 |
| Cisco Total | 39,141 | 61,521 | $ 1,382.01 | $ 517.55 |
| Mason Lake Field | 31,687 | 0 | $ 980.07 | $ 724.64 |
PDP Total | All fields | 70,828 | 61,521 | $ 2,362.09 | $ 1,242.19 |
| | | | | |
Non Producing | Ragged Point Field | 41,096 | 0 | $ 1,940.44 | $ 1,247.85 |
| Cisco Field | 419 | 419,233 | $ 506.92 | $ 374.57 |
PDNP Total | All fields | 41,515 | 419,233 | $ 2,447.37 | $ 1,622.42 |
| | | | | |
| Total (all fields) | 112,343 | 480,754 | $ 4,809.45 | $ 2,864.61 |
The estimated reserves and future cash flow shown in this report are for proved developed producing and, for certain properties, proved, developed non-producing reserves. This report does not include any value that could be attributed to interests
in undeveloped acreage. Definitions of all reserves are per the 2001 (revised 2007) Society of Petroleum Engineers (SPE) and the regulation promulgated by the United States Securities and Exchange Commission (SEC) for evaluation of oil and gas reserves. A copy of the SEC Reserve Definitions is appended.
An on-site inspection of the properties has not been performed nor has the mechanical operation or condition of the wells and their related facilities been examined by RSM. No consideration was given to salvage values or abandonment costs.
The evaluation of potential environmental liability from the operation and abandonment of the properties is beyond the scope of this report. In addition, no evaluation was made to determine the degree of operator compliance with current environmental rules, regulations and reporting requirements. Therefore, no estimate of potential economic liability, if any, from environmental concerns is included in the projections presented herein.
The reserves included in this report are estimates only and should not be construed as exact quantities. They may or may not be recovered. If recovered, the revenues therefrom and the costs related thereto could be more or less than the estimated amounts. These estimates should be accepted with the understanding that future development, production history, changes in regulations, product prices and operating expenses would probably cause a revision in subsequent evaluations.
Forecasts of future oil production have been prepared using the methods of production decline analysis and analogy. In decline forecasting, future rates of production are
estimated by analyzing the historical patterns of production over time. The decline method is considered among the most reliable forecasting methods and has been used fop producing properties that show a predictable decline pattern. Analogy analysis has been used for certain wells that do not have a predictable decline in producing rates. Analogy forecasts use similar offset well(s) to assist in
estimating future production. Analogy forecasts are less predictable than decline forecasts for individual wells, but may have improved reliability in total when a number of wells are summed as in a field forecast.
No records of
repairs/workover operations were produced by Hinto to validate incremental reserves. No undeveloped reserves have been included. Oil/Gas pricing is not escalated. Operating costs were adjusted based on Hinto experience in the area to reflect average expenses using cost estimates provided by Hinto. Overhead/G&A are not included in the operating expenses. No development expenses have been included in this evaluation.
Limitations and Conclusion
RSM expresses no opinions and makes no representations as to questions of legal interpretation, accounting interpretation or as to the sufficiency for
your purposes of the above discussed procedures. In addition, this reserve analysis has relied, without independent verification, upon the accuracy and completeness of certain information and data furnished by or on behalf of Hinto, from either commercial data services, the State of Montana Oil and Gas Division, the State of Utah Oil and Gas Division or Hinto Energy, Inc. with respect to ownership interests, production histories and various cost and revenue information.
There are numerous uncertainties in estimating quantities of reserves and in projecting future rates of production and the timing of development expenditures, including many factors beyond our control. The reserve data set forth in this reserve report are only estimates. Although we believe these estimates to be reasonable, reserve estimates are imprecise and may be expected to change as additional information becomes available. Estimates of natural gas and oil reserves, of necessity, are projections based upon engineering data, and there are uncertainties inherent in the interpretation of this data, as well as the projection of future rates of production and the timing of expenditures.
Reservoir engineering is a subjective process of estimating underground accumulations of natural gas and oil that cannot be exactly measured. Therefore, estimates of the economically recoverable quantities of natural gas and oil attributable
to any particular group of properties, classifications of the reserves based on risk of recovery and the estimates are a function of the quality of available data and of engineering and geological interpretation and judgment and the future net cash flows expected there from, prepared by different engineers or by the same engineers at different times may wary substantially. There also can be no assurance that the reserves set forth herein will ultimately be produced or that the proved undeveloped reserves will be developed within the periods anticipated. Actual production, revenues and expenditures with respect to these reserves stated herein will likely vary from estimates, and such variances may be material. In addition the estimates of future net revenues from our proved reserves and the present
value thereof are based upon certain assumptions about future production levels, prices and costs that may not be correct.
Current United States Securities and Exchange Commission guidance requires that the reserve cash flow estimates be based upon either a 12 month -first day of the month annual average price for oil and gas, or a price as dictated by contract. The price information in this report is based upon a fixed contract price as reported by Hinto.
Actual sales months were used in the calculating the average price used for each field. For the proved , non-producing field the average price from a nearby Hinto field was used. Recoverable reserves of oil and natural gas are a function of sales price for the product. Higher prices will normally result in additional recovery of reserves prior to the well(s) reaching the production economic limit.
Attachments:
Economic data -Cisco Field
Economic
data -Mason Lake Field Economic data -Ragged Point Field Cisco Field average oil price data
Mason Lake Field average oil price data
Net Field Summary
|
RESERVES AND ECONOMICS |
Cisco | | | | | | | | | | | | | | | | Dakota | |
Cisco, UT | | | | | | | | | | | | | | | Proved Producing |
Grand, UT |
Hinto Energy, Inc. | | | | | | | | | | | | | | | As of Date: | 12/31/14 |
No. | Year | No. | Gross Production | Net Production | Prices | Net Operating Revenue | --------------- | Net | ---------------- | Net | Cum. | Cum. CF |
Oil | Gas | Oil | Gas | Oil | Gas | Oil | Gas | Total | OPEX | CAPEX | Taxes | Cash Flow |
Cashflow | Disc. @10% |
Wells | (MBbl) | (MMScf) | (MBbl) | (MMScf) | ($/Bbl) | ($/MScf) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) |
1 | 2015 | 5 | 1.791 | 0.000 | 1.433 | 0.000 | 82.22 | 2.50 | 117.80 | 0.00 | 117.804 | 48.000 | 0.000 | 11.309 | 58.495 | 58.495 | 53.177 |
2 | 2016 | 5 | 1.773 | 0.000 | 1.418 | 0.000 | 82.22 | 2.50 | 116.63 | 0.00 | 116.626 | 48.000 | 0.000 | 11.196 | 57.430 | 115.924 | 100.640 |
3 | 2017 | 5 | 1.755 | 0.000 | 1.404 | 0.000 | 82.22 | 2.50 | 115.46 | 0.00 | 115.460 | 48.000 | 0.000 | 11.084 | 56.375 | 172.300 | 142.995 |
4 | 2018 | 5 | 1.738 | 0.000 | 1.390 | 0.000 | 82.22 | 2.50 | 114.30 | 0.00 | 114.305 | 48.000 | 0.000 | 10.973 | 55.332 | 227.631 | 180.787 |
5 | 2019 | 5 | 1.720 | 0.000 | 1.376 | 0.000 | 82.22 | 2.50 | 113.16 | 0.00 | 113.162 | 48.000 | 0.000 | 10.864 | 54.298 | 281.930 | 214.502 |
6 | 2020 | 5 | 1.703 | 0.000 | 1.363 | 0.000 | 82.22 | 2.50 | 112.03 | 0.00 | 112.030 | 48.000 | 0.000 | 10.755 | 53.275 | 335.205 | 244.575 |
7 | 2021 | 5 | 1.686 | 0.000 | 1.349 | 0.000 | 82.22 | 2.50 | 110.91 | 0.00 | 110.910 | 48.000 | 0.000 | 10.647 | 52.263 | 387.468 | 271.394 |
8 | 2022 | 5 | 1.669 | 0.000 | 1.335 | 0.000 | 82.22 | 2.50 | 109.80 | 0.00 | 109.801 | 48.000 | 0.000 | 10.541 | 51.260 | 438.728 | 295.307 |
9 | 2023 | 5 | 1.653 | 0.000 | 1.322 | 0.000 | 82.22 | 2.50 | 108.70 | 0.00 | 108.703 | 48.000 | 0.000 | 10.435 | 50.267 | 488.995 | 316.625 |
10 | 2024 | 5 | 1.636 | 0.000 | 1.309 | 0.000 |
82.22 | 2.50 | 107.62 | 0.00 | 107.616 | 48.000 | 0.000 | 10.331 | 49.285 | 538.280 | 335.627 |
11 | 2025 | 5 | 1.620 | 0.000 | 1.296 | 0.000 | 82.22 | 2.50 | 106.54 | 0.00 | 106.540 | 48.000 | 0.000 | 10.228 | 48.312 | 586.592 | 352.560 |
12 | 2026 | 5 | 1.604 | 0.000 | 1.283 | 0.000 | 82.22 | 2.50 | 105.47 | 0.00 | 105.474 | 48.000 | 0.000 | 10.126 | 47.349 | 633.940 | 367.647 |
13 | 2027 | 5 | 1.588 | 0.000 | 1.270 | 0.000 | 82.22 | 2.50 | 104.42 | 0.00 | 104.420 | 48.000 | 0.000 | 10.024 | 46.395 | 680.336 | 381.086 |
14 | 2028 | 5 | 1.572 | 0.000 | 1.257 | 0.000 | 82.22 | 2.50 | 103.38 | 0.00 |
103.375 | 48.000 | 0.000 | 9.924 | 45.451 | 725.787 | 393.054 |
15 | 2029 | 5 | 1.556 | 0.000 | 1.245 | 0.000 | 82.22 | 2.50 | 102.34 | 0.00 | 102.342 | 48.000 | 0.000 | 9.825 | 44.517 | 770.304 | 403.711 |
16 | 2030 | 5 | 1.540 | 0.000 | 1.232 | 0.000 | 82.22 | 2.50 | 101.32 | 0.00 | 101.318 | 48.000 | 0.000 | 9.727 | 43.592 | 813.895 | 413.198 |
17 | 2031 | 5 | 1.525 | 0.000 | 1.220 | 0.000 | 82.22 | 2.50 | 100.30 | 0.00 | 100.305 | 48.000 | 0.000 | 9.629 | 42.676 | 856.571 | 421.641 |
18 | 2032 | 5 | 1.510 | 0.000 | 1.208 | 0.000 | 82.22 | 2.50 | 99.30 | 0.00 | 99.302 | 48.000 | 0.000 | 9.533 | 41.769 | 898.340 | 429.154 |
19 | 2033 | 5 | 1.495 | 0.000 | 1.196 | 0.000 | 82.22 | 2.50 | 98.31 | 0.00 | 98.309 | 48.000 | 0.000 | 9.438 | 40.871 | 939.211 | 435.837 |
20 | 2034 | 5 | 1.480 | 0.000 | 1.184 | 0.000 | 82.22 | 2.50 | 97.33 | 0.00 | 97.326 | 48.000 | 0.000 | 9.343 | 39.983 | 979.194 | 441.780 |
21 | 2035 | 5 | 1.465 | 0.000 | 1.172 | 0.000 | 82.22 | 2.50 | 96.35 | 0.00 | 96.353 | 48.000 | 0.000 | 9.250 | 39.103 | 1,018.297 | 447.064 |
22 | 2036 | 5 | 1.450 | 0.000 | 1.160 | 0.000 | 87.22 | 2.50 | 95.39 | 0.00 | 95.389 | 48.000 | 0.000 | 9.157 | 38.232 | 1,056.528 | 451.760 |
23 | 2037 | 5 | 1.436 | 0.000 | 1.149 | 0.000 | 82.22 | 2.50 | 94.44 | 0.00 | 94.435 | 48.000 | 0.000 | 9.066 | 37.369 | 1,093.898 | 455.934 |
24 | 2038 | 5 | 1.421 | 0.000 | 1.137 | 0.000 | 82.22 | 2.50 | 93.49 | 0.00 | 93.491 | 48.000 | 0.000 | 8.975 | 36.516 | 1,130.413 | 459.641 |
25 | 2039 | 5 | 1.407 | 0.000 | 1.126 | 0.000 | 82.22 | 2.50 | 92.56 | 0.00 | 92.556 | 48.000 | 0.000 | 8.885 | 35.671 | 1,166.084 | 462.933 |
26 | 2040 | 5 | 1.393 | 0.000 | 1.114 | 0.000 | 82.22 | 2.50 | 91.63 | 0.00 | 91.630 | 48.000 | 0.000 | 8.797 | 34.834 | 1,250.918 | 465.856 |
27 | 2041 | 5 | 1.379 | 0.000 | 1.103 | 0.000 | 82.22 | 2.50 | 90.71 | 0.00 | 90.714 | 48.000 | 0.000 | 8.709 | 34.005 | 1,234.923 | 468.450 |
28 | 2042 | 5 | 1.365 | 0.000 | 1.092 | 0.000 | 82.22 | 2.50 | 89.81 | 0.00 | 89.807 | 48.000 | 0.000 | 8.621 | 33.185 | 1,268.109 | 470.751 |
29 | 2043 | 5 | 1.352 | 0.000 | 1.081 | 0.000 | 82.22 | 2.50 | 88.91 | 0.00 | 88.909 | 48.000 | 0.000 | 8.535 | 32.374 | 1,300.482 | 472.792 |
30 | 2044 | 5 | 1.338 | 0.000 | 1.071 | 0.000 | 82.22 | 2.50 | 88.02 | 0.00 | 88.020 | 48.000 | 0.000 | 8.450 | 31.570 | 1,332.052 | 474.601 |
Total | | | 46.619 | 0.000 | 37.295 | 0.000 | | | 3,066.43 | 0.00 | 3,066.429 | 1,440.000 | 0.000 | 294.377 | 1,332.052 | | |
Cum. | 4.971 | 0.000 |
Ult. | 51.590 | 0.000 |
NPV Profile |
| | | | | | | | | | | | @ % | NPV (M$) | | | | |
| Net Present Value @10% - M$ | | 474.60 | | Working Interest - fraction | 1.000000 | | 10 | 474.60 | | | | |
| Remaining Prod. Life - Yrs | | 80.04 | | NRI - Oil, fraction | | 0.800000 | | 20 | 266.55 | | | | |
| Rate of Return, % | | >100 | | NRI - Gas, fraction | | 0.800000 | | 30 | 183.50 | | | | |
| Lease Operating Exp. - $/Month | | 4,000 | | | | | | | 40 | 139.74 | | | | |
| Average Oil Price - $/Bbl | | 82.22 | | Oil Sev. Tax - % or $/Bb | l | 4.6000 | | 50 | 112.81 | | | Case: | Oil PDP |
| Average Gas Price - $/Mscf | | #DIV/0! | | Gas Sev. Tax - % or $/Mscf | 4.0000 | | 60 | 94.58 | | | Run Date: | 07-Apr-15 |
| Economic Limit - Bbls/Month | | 67.10 | | Ad Valorem Tax - % | | 5.0000 | | 70 | 81.42 | | | Run Time: | 10:47 AM |
| | | | | 80 | 71.47 | | | Data File: | Cisco Oil PDP |
RESERVES AND ECONOMICS |
Oil Well/Lease |
Well/Lease Name: | Cisco | | Case No: | Oil PDP |
Field, Location: | Cisco, UT | | LOE ($/Month): | 4,000.0 |
County, State: | Grand, UT | | Gas Sev. Tax: | 4.000 |
Operator: | Hinto Energy, Inc. | Oil Sev. Tax: | 4.600 |
| | | Ad Val. Tax: | 5.000 |
Formation, Depth: | Dakota | | Oil Price ($/bbl): | 82.22 |
Reserve Category: | Proved Producing | Gas Price ($/Mscf): | 2.50 |
| | | GOR (Scf/Bbl): | 0.0 |
Gross Investgents: | $ | Year | No. of Wells: | 5 |
| 0 | 2015 | Oil Rate (Bbl/M): | 150 |
| 0 | 2016 | Dec/Y - (%): | 1.0 |
| | | Erate (Bbl/M): | 0 |
Interests | Fraction | | Cum. Oil (MBbl): | 4.971 |
Working Int. | 1.00000 | | Cum. Gas (MMScf): | 0.000 |
NRI - Oil | 0.80000 | | Beg. Year: | 2015 |
NRI - Gas | 0.80000 | | As of Date: | 12/31/14 |
Guess IRR | 0.55000 | | File Name: | Cisco Oil PDP |
Please PgDn for Escalations |
Escalations |
Oil Well/Lease |
To |
| | % | Year | | Year |
Oil Price Escalation | 1. | 0.00 | 2017 | Production Start | 2015 |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
Gas Price Escalation | 1. | 0.00 | 2017 | | |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
OPEX Escalation | 1. | 0.00 | 2017 | | |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
Note: Economic c Limit is not calculated for Escalated Economics, |
Please Specify ERATE in the Main Menh Above. |
Please PgUp for Main Menu |
|
RESERVES AND ECONOMICS |
Cisco Gas Wells | | | | | | | | | | | | | | | Various | |
Cisco Field | | | | | | | | | | | | | | | Proved Producing |
Grand, UT |
Hinto Energy, Inc. | | | | | | | | | | | | | | | As of Date: | 1/1/2015 |
No. | Year | No. | Gross Production | Net Production | Prices | Net Operating Revenue | ---------------- | Net | ---------------- | Net | Cum. | Cum. CF |
Oil | Gas | Oil | Gas | Oil | Gas | Oil | Gas | Total | OPEX | CAPEX | Taxes | Cash Flow | Cashflow | Disc. @10% |
Wells | (MBbl) | (MMScf) | (MBbl) | (MMScf) | ($/Bbl) | ($/MScf) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) |
1 | 2015 | 4 | 0.558 | 18.587 | 0.488 | 16.263 | 82.22 | 2.50 | 40.12 | 40.66 | 80.774 | 48.000 | 0.000 | 7.510 | 25.263 | 25.263 | 22.967 |
2 | 2016 | 4 | 0.491 | 16.356 | 0.429 | 14.312 | 82.22 | 2.50 | 35.30 | 35.78 | 71.081 | 48.000 | 0.000 | 6.609 | 16.472 | 41.735 | 36.580 |
3 | 2017 | 4 | 0.432 | 14.394 | 0.378 | 12.594 | 82.22 | 2.50 | 31.07 | 31.49 | 62.551 | 48.000 | 0.000 | 5.816 | 8.735 | 50.470 | 43.142 |
4 | 2018 | 4 | 0.380 | 12.666 | 0.332 | 11.083 | 82.22 | 2.50 |
27.34 | 27.71 | 55.045 | 48.000 | 0.000 | 5.118 | 1.927 | 52.397 | 44.458 |
5 | 2019 | 4 | 0.249 | 8.307 | 0.218 | 7.269 | 82.22 | 2.50 | 17.93 | 18.17 | 36.102 | 35.180 | 0.000 | 3.357 | (2.435) | 49.962 | 42.947 |
6 | 2020 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
7 | 2021 | 0 | 0.000 | 0.000 |
0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
8 | 2022 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
9 | 2023 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
10 | 2024 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
11 | 2025 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
12 | 2026 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
13 | 2027 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
14 | 2028 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
15 | 2029 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
16 | 2030 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
17 | 2031 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
18 | 2032 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 |
0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
19 | 2033 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
20 | 2034 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
21 | 2035 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
22 | 2036 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 |
0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
23 | 2037 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
24 | 2038 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
25 | 2039 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 |
0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
26 | 2040 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
27 | 2041 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
28 | 2042 | 0 | 0.000 | 0.000 |
0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
29 | 2043 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
30 | 2044 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 49.962 | 42.947 |
Total | | | 2.109 | 70.310 | 1.846 | 61.521 | | | 151.75 | 153.80 | 305.553 | 227.180 | 0.000 | 28.410 | 49.962 | | |
Cum. | 0.527 | 62.707 |
Ult. | 2.636 | 133.017 |
NPV Profile |
| | | | | | | | | | | | @ % | NPV (M$) | | | | |
| Net Present Value @10% - M$ | | 42.95 | | Working
Interest - fraction | 1.000000 | | 10 | 42.95 | | | | |
| Remaining Prod. Life - Yrs | | 4.73 | | NRI - Oil, fraction | | 0.875000 | | 20 | 37.50 | | | | |
| Rate of Return, % | | >100 | | NRI - Gas, fraction | | 0.875000 | | 30 | 33.17 | | | | |
| Lease Operating Exp. - $/Month | 4,000 | | | | | | | 40 | 29.68 | | | | |
| Average Oil Price - $/Bbl | | 82.22 | | Oil Sev. Tax - % or $/Bbl |
4.6000 | | 50 | 26.81 | | | Case: | Gas PDP |
| Average Gas Price - $/Mscf | | 2.50 | | Gas Sev. Tax - % or $/Mscf | 4.0000 | | 60 | 24.42 | | | Run Date: | 07-Apr-15 |
| Economic Limit - MScf/Month | | 901.00 | | Ad Valorem Tax - % | | 5.0000 | | 70 | 22.40 | | | Run Time: | 01:30 PM |
| | | | | 80 | 20.67 | | | Data File: | Cis Gas PDP |
RESERVES AND ECONOMICS |
Gas Well/Lease |
Well/Lease Name: | Cisco Gas Wells | Case No: | Gas
PDP |
Field, Location: | Cisco Field | | LOE ($/Month): | 4,000.0 |
County, State: | Grand, UT | | Gas Sev. Tax: | 4.0000 |
Operator: | Hinto Energy, Inc. | Oil Sev. Tax: | 4.6000 |
| | | Ad Val. Tax: | 5.0000 |
Formation, Depth: | Various | | Oil Price ($/Stb): | 82.22 |
Reserve Category: | Proved Producing | Gas Price ($/MScf): | 2.50 |
| | | YLD (Bbl/MScf): | 0.03000 |
Gross Investments: | $ | Year | No. of Wells: | 4 |
| 0 | 2015 | Gas Rate (MScf/M) | 1,650 |
| 0 | 2016 | Dec/Y - (%): | 12.0 |
| | | Erate (MScf/M): | 901 |
Interests | Fraction | | Cum. Oil (MBbl): | 0.527 |
Working Int. | 1.00000 | | Cum. Gas (MMScf) | 62.707 |
NRI - Oil | 0.87500 | | Beg. Year: | 2015 |
NRI - Gas | 0.87500 | | As of Date: | 01/01/15 |
Guess IRR | 0.55000 | | File Name: | Cis Gas PDP |
Please PgDn for Escalations |
Escalations |
Gas Well/Lease |
To |
| | % | Year | | Year |
Oil Price Escalation | 1. | 0.00 | 2017 | Production Start | 2015 |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
Gas Price Escalation | 1. | 0.00 | 2017 | | |
| 2. | 0.00 |
2020 | | |
| 3. | 0.00 | 2030 | | |
OPEX Escalation | 1. | 0.00 | 2017 | | |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
Note:Economic Limit is not calculated for Escalated Economics, |
Please Specify ERATE in the Main Menu Above. |
Please PgUp for Main Menu |
|
RESERVES AND ECONOMICS |
Cisco Gas Wells | | | | | | | | | | | | | | | Various | |
Cisco Field | | | | | | | | | | | | | | | Proved Non Producing |
Grand, UT |
Hinto Energy, Inc. | | | | | | | | | | | | | | | As of Date: | 1/1/2015 |
No. | Year | No. | Gross Production | Net Production | Prices | Net Operating Revenue | ---------------- | Net | ---------------- | Net | Cum. | Cum. CF |
Oil | Gas | Oil | Gas | Oil | Gas | Oil | Gas | Total | OPEX | CAPEX | Taxes | Cash Flow | Cashflow | Disc. @10% |
Wells | (MBbl) | (MMScf) | (MBbl) | (MMScf) | ($/Bbl) | ($/MScf) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) |
1 | 2015 | 9 | 0.081 | 81.106 | 0.071 | 70.967 | 82.22 |
2.50 | 5.83 | 177.42 | 183.253 | 54.000 | 0.000 | 9.198 | 120.056 | 120.056 | 109.142 |
2 | 2016 | 9 | 0.071 | 71.373 | 0.062 | 62.451 | 82.22 | 2.50 | 5.13 | 156.13 | 161.263 | 54.000 | 0.000 | 8.094 | 99.169 | 219.225 | 191.099 |
3 | 2017 | 9 | 0.063 | 62.808 | 0.055 | 54.957 | 82.22 | 2.50 | 4.52 | 137.39 | 141.911 | 54.000 | 0.000 | 7.123 | 80.789 | 300.014 | 251.797 |
4 | 2018 | 9 | 0.055 | 55.271 | 0.048 | 48.362 | 82.22 | 2.50 | 3.98 | 120.91 | 125.882 | 54.000 | 0.000 | 6.268 | 64.614 | 364.628 | 295.930 |
5 | 2019 | 9 | 0.049 | 48.639 | 0.043 | 42.559 | 82.22 | 2.50 | 3.50 | 106.40 | 109.896 | 54.000 | 0.000 | 5.516 | 50.380 | 415.008 | 327.212 |
6 | 2020 | 9 | 0.043 | 42.802 | 0.037 | 37.452 | 82.22 |
2.50 | 3.08 | 93.63 | 96.709 | 54.000 | 0.000 | 4.854 | 37.855 | 452.863 | 348.580 |
7 | 2021 | 9 | 0.038 | 37.666 | 0.033 | 32.958 | 82.22 | 2.50 | 2.71 | 82.39 | 85.104 | 54.000 | 0.000 | 4.271 | 26.832 | 479.695 | 362.349 |
8 | 2022 | 9 | 0.033 | 33.146 | 0.029 | 29.003 |
82.22 | 2.50 | 2.38 | 72.51 | 74.891 | 54.000 | 0.000 | 3.759 | 17.132 | 496.827 | 370.341 |
9 | 2023 | 9 | 0.029 | 29.168 | 0.026 | 25.522 | 82.22 | 2.50 | 2.10 | 63.81 | 65.904 | 54.000 | 0.000 | 3.308 | 8.596 | 505.424 | 373.987 |
10 | 2024 | 9 | 0.017 | 17.145 | 8.015 | 15.002 | 82.22 | 2.50 | 1.23 | 37.51 | 38.739 | 35.294 | 0.000 | 1.944 | 1.501 | 506.924 | 374.566 |
11 | 2025 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
12 | 2026 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 |
0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
13 | 2027 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
14 | 2028 | 0 | 0.000 | 0.000 | 0.000 |
0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
15 | 2029 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
16 | 2030 | 0 | 0.000 |
0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
17 | 2031 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
18 | 2032 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
19 | 2033 | 0 |
0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
20 | 2034 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
21 | 2035 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 |
0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
22 | 2036 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
23 | 2037 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
24 | 2038 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
25 | 2039 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
26 | 2040 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
27 | 2041 | 0 |
0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
28 | 2042 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
29 | 2043 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
30 | 2044 |
0 | 0.000 | 0.000 | 0.000 | 0.000 | 82.22 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 506.924 | 374.566 |
Total | | | 0.479 | 479.124 | 0.419 | 419.233 | | | 34.47 | 1,048.08 | 1,082.553 | 521.294 | 0.000 | 54.334 | 506.924 | | |
Cum. | 0.176 | 174.050 |
Ult. | 0.655 | 653.174 |
NPV Profile |
| | | | | | | | | | | | @ % | NPV (M$) | | | | |
| Net Present Value @30% - M$ | | 374.57 | | Working Interest - fraction | 1.000000 | | 10 | 374.57 | | | | |
| Remaining Prod. Life - Yrs | | 9.65 | | NRI - Oil, fraction | | 0.875000 | | 20 | 293.13 | | | | |
| Rate of Return, % | | >100 | | NRI - Gas, fraction | | 0.875000 | | 30 | 239.13 | | | | |
| Lease Operating Exp. - $/Month | 4,500 | | | | | | | 40 | 201.18 | | | | |
| Average Oil Price - $/Bbl | | 82.22 | | Oil Sev. Tax - % or $/Bbl | 4.6000 | | 50 | 173.26 | | | Case: | PDNP Cisco |
| Average Gas Price - $/Mscf | | 2.50 | | Gas Sev. Tax - % or $/Mscf | 4.0000 | | 60 | 151.95 | | | Run Date: | 07-Apr-15 |
| Economic Limit - MScf/Month | | 2,096.00 | | Ad Valorem Tax - % | | 1.0000 | | 70 | 135.21 | | | Run Time: | 01:29 PM |
| | | | | 80 | 121.73 | | | Data File: | Cis Gas PDNP |
RESERVES AND ECONOMICS |
Gas Well/Lease |
Well/Lease Name: | Cisco Gas Wells | Case No: | PDNP Cisco |
Field, Location: | Cisco Field | | LOE ($/Month): | 4,500.0 |
County, State: | Grand, UT | | Gas Sev. Tax: | 4.0000 |
Operator: | Hinto Energy, Inc. | Oil Sev. Tax: | 4.6000 |
| | | Ad Val. Tax: | 1.0000 |
Formation, Depth: | Various | | Oil Price ($/Stb): | 82.22 |
Reserve Category: | Proved Non Producing | Gas Price ($/MScf): | 2.50 |
| | | YLD (Bbl/MScf): | 0.00100 |
Gross Investments: | $ | Year | No. of Wells: | 9 |
| 0 | 2015 | Gas Rate (MScf/M) | 7,200 |
| 0 | 2016 | Dec/Y - (%): | 12.0 |
| | | Erate (MScf/M): | 0 |
Interests | Fraction | | Cum. Oil (MBbl): | 0.176 |
Working Int. | 1.00000 | | Cum. Gas (MMScf) | 174.050 |
NRI - Oil | 0.87500 | | Beg. Year: | 2015 |
NRI - Gas | 0.87500 | | As of Date: | 01/01/15 |
Guess IRR | 0.55000 | | File Name: | Cis Gas PDN |
Please PgDn for Escalations |
Escalations |
Gas Well/Lease |
To |
| | % | Year | | Year |
Oil Price Escalation | 1. | 0.00 | 2017 | Production Start | 2015 |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
Gas Price Escalation | 1. | 0.00 | 2017 | | |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
OPEX Escalation | 1. | 0.00 | 2017 | | |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
Note:Econqmic Limit is not calculated for Escalated Economics, |
Please Specify ERATE in the Main Menu Above. |
Please PgUp for Main Menu |
|
RESERVES AND ECONOMICS |
Mason Lake Field | | | | | | | | | | | | | | | Cat Creek, Amsden wtr flood |
Mason Lake | | | | | | | | | | | | | | | Proved Producing |
Musselshell, MT |
Hinto Energy, Inc. | | | | | | | | | | | | | | | As of Date: | 12/31/14 |
No. | Year | No. | Gross Production | Net
Production | Prices | Net Operating Revenue | --------------- | Net | ---------------- | Net | Cum. | Cum. CF |
Oil | Gas | Oil | Gas | Oil | Gas | Oil | Gas | Total | OPEX | CAPEX | Taxes | Cash Flow | Cashflow | Disc. @10% |
Wells | (MBbl) | (MMScf) | (MBbl) | (MMScf) | ($/Bbl) | ($/MScf) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (S$) |
1 | 2015 | 5 | 6.513 | 0.007 | 5.211 | 0.005 | 76.73 | 2.50 | 399.80 | 0.01 | 399.815 | 124.800 | 0.000 | 43.978 | 231.037 | 231.037 | 210.033 |
2 | 2016 | 5 | 5.797 | 0.006 | 4.637 | 0.005 | 76.73 | 2.50 | 355.82 | 0.01 | 355.835 | 124.800 | 0.000 | 39.141 | 191.895 | 422.932 | 368.624 |
3 | 2017 | 5 | 5.159 | 0.005 | 4.127 | 0.004 | 76.73 | 2.50 | 316.68 | 0.01 | 316.694 | 124.800 | 0.000 | 34.835 | 157.058 | 579.990 | 486.624 |
4 | 2018 | 5 | 4.592 | 0.005 | 3.673 | 0.004 | 76.73 | 2.50 | 281.85 | 0.01 | 281.857 | 124.800 | 0.000 |
31.003 | 126.054 | 706.044 | 572.721 |
5 | 2019 | 5 | 4.086 | 0.004 | 3.269 | 0.003 | 76.73 | 2.50 | 250.84 | 0.01 | 250.853 | 124.800 | 0.000 | 27.593 | 98.460 | 804.504 | 633.857 |
6 | 2020 | 5 | 3.637 | 0.004 | 2.910 | 0.003 | 76.73 | 2.50 | 223.25 | 0.01 | 223.259 | 124.800 | 0.000 | 24.558 | 73.901 | 878.405 | 675.572 |
7 | 2021 | 5 | 3.237 | 0.003 |
2.590 | 0.003 | 76.73 | 2.50 | 198.69 | 0.01 | 198.701 | 124.800 | 0.000 | 21.856 | 52.044 | 930.450 | 702.279 |
8 | 2022 | 5 | 2.881 | 0.003 | 2.305 | 0.002 | 76.73 | 2.50 | 176.84 | 0.01 | 176.844 | 124.800 | 0.000 | 19.452 | 32.591 | 963.041 | 717.483 |
9 | 2023 | 5 | 2.564 | 0.003 | 2.051 | 0.002 | 76.73 | 2.50 | 157.39 | 0.01 | 157.391 | 124.800 | 0.000 | 17.312 | 15.278 | 978.319 | 723.963 |
10 | 2024 | 5 | 1.143 | 0.001 | 0.914 | 0.001 | 76.73 | 2.50 | 70.14 | 0.00 | 70.143 | 60.675 | 0.000 | 7.715 | 1.752 | 980.071 | 724.638 |
11 | 2025 | 0 | 0.000 |
0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
12 | 2026 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
13 | 2027 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
14 | 2028 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
15 | 2029 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
16 | 2030 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
17 | 2031 | 0 | 0.500 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
18 | 2032 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
19 | 2033 | 0 | 0.000 | 0.000 | 0.000 |
0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
20 | 2034 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
21 | 2035 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
22 | 2036 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 |
0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
23 | 2037 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
24 | 2038 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 774.638 |
25 | 2039 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
26 | 2040 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
27 | 2041 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
28 | 2042 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
29 | 2043 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
30 | 2044 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 980.071 | 724.638 |
Total | | | 39.608 | 0.040 | 31.687 | 0.032 | | | 2,431.31 | 0.08 | 2,431.391 | 1,183.875 | 0.000 | 267.444 | 980.071 | | |
Cum. | 1,022.000 | 0.000 |
Ult. | 9,061.608 | 0.040 |
NPV Profile |
| | | | | | | | | | | | @ % | NPV (M$) | | | | |
| Net Present Value @10% - M$ | | 724.64 | | Working Interest - fraction | 1.000000 | | 10 | 724.64 | | | | |
| Remaining Prod. Life - Yrs | |
9.49 | | NRI - Oil, fraction | | 0.800000 | | 20 | 567.14 | | | | |
| Rate of Return, % | | >100 | | NRI - Gas, fraction | | 0.800000 | | 30 | 462.58 | | | | |
| Lease Operating Exp. - $/Month | | 10,400 | | | | | | | 40 | 389.05 | | | | |
| Average Oil Price - $/Bbl | | 76.73 | | Oil Sev. Tax - % or $/Bb | l | 11.0000 | | 50 | 334.95 | | | Case: | 1 |
| Average Gas Price - $/Mscf | | 2.50 | | Gas Sev. Tax - % or $/Mscf | 0.0000 | | 60 | 293.67 | | | Run Date: | 07-Apr-15 |
| Economic Limit - Bbls/Month | | 190.36 | | Ad Valorem Tax - % | | 0.0000 | | 70 | 261.23 | | | Run Time: | 10:42 AM |
| | | | | 80 | 235.13 | | | Data File: | Mas Lk PDP |
RESERVES AND ECONOMICS |
Oil Well/Lease |
Well/Lease Name: | Mason Lake Field | | Case No: | 1 |
Field, Location: | Mason Lake | | | LOE ($/Month): | 10,400.0 |
County, State: | Musselshell, MT | | Gas Sev. Tax: | 0.000 |
Operator: | Hinto Energy, Inc. | | Oil Sev. Tax: | 11.000 |
| | | | Ad Val. Tax: | 0.000 |
Formation, Depth: |
Cat Creek, Amsden wtr flood | Oil Price ($/bbl): | 76.73 |
Reserve Category: | Proved Producing | | Gas Price ($/Mscf): | 2.50 |
| | | | GOR (Scf/Bbl): | 1.0 |
Gross Investments: | $ | Year | | No. of Wells: | 5 |
| 0 | 2015 | | Oil Rate (Bbl/M): | 575 |
| 0 | 2016 | | Dec/Y - (%): | 11.0 |
| | | | Erate (Bbl/M): | 0 |
Interests | Fraction | | | Cum. Oil (MBbl): | 1,022.000 |
Working Int. | 1.00000 | | | Cum. Gas (MMScf): | 0.000 |
NRI - Oil | 0.80000 | | | Beg. Year: | 2015 |
NRI - Gas | 0.80000 | | | As of Date: | 12/31/14 |
Guess IRR | 0.55000 | | | File Name: | Mas Lk PDP |
Please PgDn for Escalations |
Escalations |
Oil Well/Lease |
To |
| | % | Year | | Year |
Oil Price Escalation | 1. | 0.00 | 2017 | Production Start | 2015 |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
Gas Price Escalation | 1. | 0.00 | 2017 | | |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
OPEX Escalation | 1. | 0.00 | 2017 | | |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
Note: Economi c Limit is not calculated for Escalated Economics, |
Please Specify ERATE in the Main Menu Above. |
Please PgUp for Main Menu |
|
RESERVES AND ECONOMICS |
Ragged Point | | | | | | | | | | | | | | | Tyler | |
Ragged Point | | | | | | | | | | | | | | | Proved Producing |
Musselshell, MT |
Hinto Energy, Inc. | | | | | | | | | | | | | | | As of Date: | 12/31/14 |
No. | Year | No. | Gross Production | Net Production | Prices | Net Operating Revenue | --------------- | Net | ---------------- | Net | Cum. | Cum. CF |
Oil | Gas | Oil | Gas | Oil | Gas | Oil | Gas |
Total | OPEX | CAPEX | Taxes | Cash Flow | Cashflow | Disc. @10% |
Wells | (MBbl) | (MMScf) | (MBbl) | (MMScf) | ($/Bbl) | ($/MScf) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) |
1 | 2015 | 8 | 6.513 | 0.007 | 5.211 | 0.005 | 76.73 | 2.50 | 399.80 | 0.01 | 399.815 | 49.920 | 0.000 | 43.978 | 305.917 | 305.917 | 278.106 |
2 | 2016 | 8 | 5.797 | 0.006 | 4.637 | 0.005 | 76.73 | 2.50 | 355.82 | 0.01 | 355.835 | 49.920 | 0.000 | 39.141 | 266.775 | 572.692 | 498.581 |
3 | 2017 | 8 | 5.159 | 0.005 | 4.127 | 0.004 | 76.73 | 2.50 | 316.68 | 0.01 | 316.694 | 49.920 | 0.000 | 34.835 | 231.938 | 804.630 | 672.840 |
4 | 2018 | 8 | 4.592 | 0.005 | 3.673 | 0.004 | 76.73 | 2.50 | 281.85 | 0.01 | 281.857 | 49.920 | 0.000 | 31.003 | 200.934 | 1,005.564 | 810.081 |
5 | 2019 | 8 | 4.086 | 0.004 | 3.269 | 0.003 | 76.73 | 2.50 | 250.84 | 0.01 | 250.853 | 49.920 | 0.000 | 27.593 | 173.340 | 1,178.904 | 917.711 |
6 | 2020 | 8 | 3.637 | 0.004 | 2.910 | 0.003 | 76.73 | 2.50 | 223.25 | 0.01 | 223.259 | 49.920 | 0.000 | 24.558 | 148.781 | 1,327.685 | 1,001.694 |
7 | 2021 | 8 | 3.237 | 0.003 | 2.590 | 0.003 | 76.73 | 2.50 | 198.69 |
0.01 | 198.701 | 49.920 | 0.000 | 21.856 | 126.924 | 1,454.610 | 1,066.826 |
8 | 2022 | 8 | 2.881 | 0.003 | 2.305 | 0.002 | 76.73 | 2.50 | 176.84 | 0.01 | 176.844 | 49.920 | 0.000 | 19.452 | 107.471 | 1,562.081 | 1,116.963 |
9 | 2023 | 8 | 2.564 | 0.003 | 2.051 | 0.002 | 76.73 | 2.50 | 157.39 | 0.01 | 157.391 | 49.920 | 0.000 | 17.312 | 90.158 | 1,652.239 |
1,155.199 |
10 | 2024 | 8 | 2.282 | 0.002 | 1.826 | 0.002 | 76.73 | 2.50 | 140.07 | 0.00 | 140.078 | 49.920 | 0.000 | 15.408 | 74.750 | 1,726.989 | 1,184.018 |
11 | 2025 | 8 | 2.031 | 0.002 | 1.625 | 0.002 | 76.73 | 2.50 | 124.67 | 0.00 | 124.669 | 49.920 | 0.000 | 13.713 | 61.036 | 1,788.025 | 1,205.411 |
12 | 2026 | 8 | 1.808 | 0.002 |
1.446 | 0.001 | 76.73 | 2.50 | 110.95 | 0.00 | 110.956 | 49.920 | 0.000 | 12.205 | 48.831 | 1,836.856 | 1,220.970 |
13 | 2027 | 8 | 1.609 | 0.002 | 1.287 | 0.001 | 76.73 | 2.50 | 98.75 | 0.00 | 98.750 | 49.920 | 0.000 | 10.862 | 37.968 | 1,874.824 | 1,231.968 |
14 | 2028 | 8 | 1.432 | 0.001 | 1.145 | 0.001 | 76.73 | 2.50 | 87.89 | 0.00 | 87.888 | 49.920 | 0.000 | 9.667 | 28.301 | 1,903.125 | 1,239.420 |
15 | 2029 | 8 | 1.274 | 0.001 | 1.019 | 0.001 | 76.73 | 2.50 | 78.22 | 0.00 | 78.220 | 49.920 | 0.000 | 8.604 | 19.696 | 1,922.821 | 1,244.135 |
16 | 2030 | 8 | 1.134 | 0.001 | 0.907 | 0.001 | 76.73 | 2.50 | 69.61 | 0.00 | 69.611 | 49.920 | 0.000 | 7.658 | 12.039 | 1,934.860 | 1,246.755 |
17 | 2031 | 8 | 1.009 | 0.001 | 0.807 | 0.001 | 76.73 | 2.50 | 61.96 | 0.00 | 61.958 | 49.920 | 0.000 | 6.815 | 5.223 | 1,940.083 | 1,247.789 |
18 | 2032 | 8 | 0.326 | 0.000 |
0.260 | 0.000 | 76.73 | 2.50 | 19.98 | 0.00 | 19.982 | 17.425 | 0.000 | 2.198 | 0.359 | 1,940.442 | 1,247.853 |
19 | 2033 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
20 | 2034 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
21 | 2035 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
22 | 2036 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 |
0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
23 | 2037 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
24 | 2038 | 0 | 0.000 | 0.000 | 0.009 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
25 | 2039 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
26 | 2040 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
27 | 2041 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
28 | 2042 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
29 | 2043 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
30 | 2044 | 0 | 0.000 | 0.000 | 0.000 | 0.000 | 76.73 | 2.50 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1,940.442 | 1,247.853 |
Total | | | 51.369 | 0.051 | 41.096 | 0.041 | | | 3,153.26 | 0.10 | 3,153.366 | 866.065 | 0.000 | 346.859 | 1,940.442 | | |
Cum. | 3,814.552 | 0.000 |
Ult. | 3,865.921 | 0.051 |
NPV Profile |
| | | | | | | | | | | | @ % | NPV (M$) | | | | |
| Net Present Value @10% - M$ | | 1,247.85 | | Working Interest - fraction | 1.000000 | | 10 | 1,247.85 | | | | |
| Remaining Prod. Life - Yrs | | 17.35 | | NRI - Oil, fraction | | 0.800000 | | 20 | 902.39 | | | | |
| Rate of Return, % | | >100 | | NRI - Gas, fraction | | 0.800000 | | 30 | 702.04 | | | | |
| Lease Operating Exp. - $/Month | | 4,160 | | | | | | | 40 | 573.01 | | | | |
| Average Oil Price - $/Bbl | | 76.73 | | Oil Sev. Tax - % or $/Bb | l | 11.0000 | | 50 | 483.52 | | | Case: | 1 |
| Average Gas Price - $/Mscf | | 2.50 | | Gas Sev. Tax - % or $/Mscf | 0.0000 | | 60 | 417.98 | | | Run Date: | 07-Apr-15 |
| Economic Limit - Bbls/Month | | 76.14 | | Ad Valorem Tax - % | | 0.0000 | | 70 | 367.99 | | | Run
Time: | 10:59 AM |
| | | | | 80 | 328.63 | | | Data File: | RagPt PDNP |
RESERVES AND ECONOMICS |
Oil Well/Lease |
Well/Lease Name: | Ragged Point | | Case No: | 1 |
Field, Location: | Ragged Point | | LOE ($/Month): | 4,160.0 |
County, State: | Musselshell, MT | Gas Sev. Tax: | 0.000 |
Operator: | Hinto Energy, Inc. | Oil Sev. Tax: | 11.000 |
| | | Ad Val. Tax: | 0.000 |
Formation, Depth: | Tyler | | Oil Price ($/bbl): | 76.73 |
Reserve Category: | Proved Producing | Gas Price ($/Mscf): | 2.50 |
| | | GOR (Scf/Bbl): | 1.0 |
Gross Investments: | $ | Year | No. of Wells: | 8 |
| 0 | 2015 | Oil Rate (Bbl/M): | 575 |
| 0 | 2016 | Dec/Y - (%): | 11.0 |
| | | Erate (Bbl/M): | 0 |
Interests | Fraction | | Cum. Oil (MBbl): | 3,814.552 |
Working Int. | 1.00000 | | Cum. Gas (MMScf): | 0.000 |
NRI - Oil | 0.80000 | | Beg. Year: | 2015 |
NRI - Gas | 0.80000 | | As of Date: | 12/31/14 |
Guess IRR | 0.55000 | | File Name: | RagPt PDNP |
Please FgDn for Escalations |
Escalations |
Oil Well/Lease |
To |
| | % | Year | | Year |
Oil Price Escalation | 1. | 0.00 | 2017 | Production Start | 2015 |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
Gas Price Escalation | 1. | 0.00 | 2017 | | |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
OPEX Escalation | 1. | 0.00 | 2017 | | |
| 2. | 0.00 | 2020 | | |
| 3. | 0.00 | 2030 | | |
Note: Economi c Limit is not calculated for Escalated Economics, |
Please Specify ERATE in the Main Menu Above. |
Please PgUp for Main Menu |
|
Cisco2014
Sales |
Date | # of BBLS | Price per BBL | Total | Hinto's 80% | Total Recognized by Hinto | |
4/30/2014 | 19.05 | 87.085 | 1,658.97 | 1,327.18 | 1,244.89 | |
30-Apr | 89.74 | 87.085 | 7,815.01 | 6,252.01 | 5,864.37 | |
4/30/2014 | 60.95 | 87.085 | 5,307.83 | 4,246.26 | 4,025.45 | |
| 169.74 | | | | | 11,134.71 |
6/14/2014 | 27.66 | 90.1967 | 2,494.84 | 1,995.87 | 1,872.88 | |
6/14/2014 | 87.22 | 90.1967 | 7,866.96 | 6,293.56 | 5,902.62 | |
6/30/2014 | 41.68 | 90.1967 | 3,759.40 | | 3,759.40 | 11,534.90 |
| 156.56 | | | | | |
|
10/31/2014 | 46.21 | 69.3891 | 3,206.47 | | 3,206.47 | |
10/31/2014 | 68.88 | 69.3891 | 4,779.52 | | 4,779.56 | |
10/31/2014 | 35.91 | 69.3891 | 2,491.76 | 1,993.41 | 1,993.41 | |
| 151 | | | | | 9,979.40 |
| 803.6 | 740.0124 | | | | 32,649.01 |
| Average price | 82.2236 | | | 32,649.01 | |
TOTALS | 1,758.20 | | | | |
|
Mason Lake 2014 Sales |
Date | # of BBLS | Price per BBL | Total | Total for Month | | |
| | | | | Month | Price |
3/31/2014 | 186.82 | 87.25677 | 16,301.31 | | March | $ 89.25677 |
3/31/2014 | 50.17 |
87.25677 | 4,377.67 | | April | $ 86.85467 |
| | | | 20,678.98 | May | $ 88.89452 |
| | | | | June | $ 89.41667 |
4/15/2014 | 231.75 | 86.85467 | 20,128.57 | | July | $ 86.02194 |
4/19/2014 | 233.39 | 86.85467 | 20,271.01 | | Aug | $ 78.57581 |
4/25/2014 | 230.03 |
86.85467 | 19,979.18 | | Sept | $ 74.44433 |
| | | | 69,378.76 | Oct | $ 68.03900 |
| | | | | Nov | $ 62.31033 |
5/11/2014 | 226.06 | 88.89452 | 20,095.50 | | Dec | $ 45.48970 |
5/23/2014 | 211.56 |
88.89452
| 18,806.52 | | Sum | $ 767.30374 |
| | | | 38,902.02 | Average | $ 76.73037 |
6/2/2014 | 229.14 | 89.41667 | 20,488.94 | | | |
6/23/2014 | 217.78 | 89.41667 | 19,473.16 | | | |
6/30/2014 | 227.89 |
89.41667 | 20,377.16 | | | |
60,339.26 |
7/9/2014 | 214.15 | 86.02194 | 18,421.60 | | | |
7/28/2014 | 218.08 |
86.02194
| 18,759.66 | | | |
37,181.26 |
8/12/2014 | 225 | 78.57581 | 17,679.56 | | | |
8/25/2014 | 241.77 | 78.57581 | 18,997.27 | | | |
8/29/2014 | 211.2 |
77.57581 | 16,595.21 | | | |
53,272.04 |
9/8/2014 | 223.84 | 74.44433 | 16,663.62 | | | |
9/15/2014 | 226.53 | 74.44433 | 16,863.87 | | | |
9/25/2014 | 218.63 |
74.44433 | 16,275.76 | | | |
49,803.26 |
10/3/2014 | 228.49 | 68.039 | 15,546.23 | | | |
10/17/2014 | 225.23 | 68.039 | 15,324.42 | | | |
10/22/2014 | 224.75 | 68.039 | 15,291.77 | | | |
10/31/2014 | 223.83 |
68.039 | 15,229.17 | | | |
61,391.59 |
11/18/2014 | 209.4 | 62.31033 | 13,047.78 | | | |
11/24/2014 | 212.03 |
62.31033 | 13,211.66 | | | |
26,259.44 |
12/10/2014 | 213.04 | 45.4897 | 9,691.13 | | | |
12/22/2014 | 209.5 | 45.4897 | 9,530.09 | | | |
12/29/2014 | 207.35 |
45.4897
| 9,432.29 | | | |
28,653.51 |
|
TOTALS | 5,777.41 | | | 436,860.13 | | |
| |
Net Reserves | | Future Net Cash Flow |
Category | | Oil (Barrels) Gas | (mcf) | Total ($M) | PW(10) ($M) |
Proved Developed |
Producing | Cisco Field | 37,295 | 0 | $ 1,332.05 | $ 474.60 |
| Cisco Field | 1,846 | 61,521 | $ 49.96 | $ 42.95 |
| Cisco Total | 39,141 | 61,521 | $ 1,382.01 | $ 517.55 |
| Mason Lake Field | 31,687 | 0 | $ 980.07 | $ 724.64 |
PDP Total | All fields | 70,828 | 61,521 | $ 2,362.09 | $ 1,242.19 |
Non Producing | Ragged Point Field | 41,096 | 0 | $ 1,940.44 | $ 1,247.85 |
| Cisco Field | 419 | 419,233 | $ 506.92 | $ 374.57 |
PDNP Total | All fields | 41,515 | 419,233 | $ 2,447.37 | $ 1,622.42 |
| Total (all
fields) | 112,343 | 480,754 | $ 4,809.45 | $ 2,864.61 |
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