NYSE: VRI 41.03 -1.21 -2.87% Volume: 251,240 20 Minute Delay June 17, 2021

We Do One Thing and We Do It Well

Operations

We hold 227,000 net effective acres in the Haynesville Basin located in North Louisiana where we have exposure to two substantial pay zones: the Haynesville and Mid-Bossier. Both are among the highest-quality, highest-return, dry-gas shales in North America and they share highly analogous properties: over-pressured reservoir, consistent geology, high-porosity, permeability and thickness, all of which underpin predictable and industry-leading well performance.

Our value proposition is straightforward: we are entirely focused on developing our vast natural gas resource from the prolific Haynesville Basin. One product. One Basin. Why is this important? We believe profoundly in the future of natural gas and we can streamline our efforts to maximize shareholder value without the distractions imposed by a complex operational structure.

At Vine, we believe passion, discipline and determination are the tenets that build shareholder value. Of critical importance is the phrase coined by Chairman & CEO Eric Marsh, which became Vine's identity and purpose: We Do One Thing and We Do It Well.

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We have been at the forefront of developing the technology to enhance well EUR and economics for both Haynesville and Mid-Bossier wells, including;

  • increasing lateral length;
  • optimizing fracture stage lengths;
  • optimizing the amount and intensity of proppant and fluid pumped per foot of lateral;
  • reducing cluster spacing;
  • managing production rates to preserve downhole pressure;
  • adjusting well spacing and development patterns; and
  • improving wellbore landing accuracy.

The Haynesville is one of the highest-quality, highest-return natural gas resource plays in North America, and Vine is at the center of it.

Highlights:

  • Large, contiguous position with consistent geology
  • Centered in the highest OGIP area and lowest clay content
  • Deepest, highest pressure part of the basin
  • Best in class rock properties combined with leading edge completions design yielding highest productivity in the basin
  • Extensive midstream in place to support long-term production growth
  • Proximity to U.S. Gulf Coast markets virtually eliminates basis differential risk
  • Technical team has experience in the basin since its inception
  • Vine has drilled more than 100 wells in the Haynesville since April 2015
  • Vine's Haynesville wells are performing as high as 2.7 Bcf/1,000' and generate a 10% rate of return at a breakeven price of $1.90 per MMBtu, on average, across our remaining undrilled inventory

One of the most exciting parts of the Vine story is our exposure to the prolific Mid-Bossier formation. Historically, operators have bypassed the Mid-Bossier to earn land rights to the deeper Haynesville formation. However, today the play is experiencing attention similar to the Haynesville, and it's a primary target for Vine.

Highlights:

  • We are the leader of Mid-Bossier development, accounting for 36% of all wells drilled to the formation from 2017 to 2020, more than any other operator
  • Vine's position is located at the core of the play
  • Among the lowest clay content in the Basin
  • Technical analysis confirms analogous reservoir properties to the Haynesville
  • Mid-Bossier and Haynesville have more than sufficient vertical separation (300' - 600') to ensure effective stimulations of each zone
  • Over 140 wells drilled over the past ten years has deliniated our Mid-Bossier position
  • Mid-Bossier is about 500' shallower than the Haynesville and is at a lower temperature
  • One of Vine’s wells, completed in February 2017, is the single best Mid-Bossier well in all of Louisiana and Texas based on initial 60-days of data
  • Vine's Mid-Bossier wells are performing as high as 2.5 Bcf/1,000' and generate a 10% rate of return at a breakeven price $1.93 per MMBtu, on average, across our remaining undrilled inventory