Alta Mesa Resources, Inc.(NASDAQ: AMR)
Company Overview
Alta Mesa Resources, Inc. (formerly known as Silver Run Acquisition II) is a publicly traded independent E&P company which was formed in early 2018 by combining the core upstream assets of Alta Mesa Holdings, LP with the gas processing assets of Kingfisher Midstream LLC. The company is focused on the development and acquisition of unconventional oil and natural gas reserves in the eastern portion of the Anadarko Basin referred to as the STACK.
Alta Mesa Acreage
- Primary target formations: Osage, Meramec and Oswego
- 170-180 gross wells scheduled for 2018
- Average production 33 – 38 MBOEPD
Company Valuation
- Enterprise Value: $3.1 billion
Upstream Metrics
- Net STACK Surface Acres: ~130,000
- Q1 Net Production (BOE/D): 24,000 (24% Increase from 1Q17)
- Q1 % Oil / % Liquids: 53% / 70%
- Single-well IRRs (Individual / Corporate): 80% / 98%
- Operated STACK Hz. Wells Drilled: 306
- Current rig count: 8
Kingfisher Midstream Metrics
- Gas Processing Capacity: 350 MMcf/day
- Q1 Inlet Volumes: 101 MMcf/day
- Pipelines: 400+ miles
- Dedicated Acreage: ~300,000 gross acres
- Oil Storage Capacity: 50,000 BBL
Management Team
James Hackett – Executive Chairman of the Board
Hal Chapelle – President, CEO
Mike Ellis – Vice President, COO – Upstream
Craig W. Collins – Vice President, COO – Midstream
Kevin J. Bourque – Vice President, Field Operations
Gene Cole – Vice president, CTO
Mike McCabe – Vice President, CFO & Assistant Secretary
The Oil and Gas Conference®
Alta Mesa Resources is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference.
To learn more about the conference and presenter schedule please visit the conference website here.
