Northwoods and W Energy Software_3232020 by W Energy Software

Welcome

Agenda 10:00

Introductions & Corporate Intro

10 min

10:10

Well Work

30 min

10:40

Production Operations/FDC

30 min

11:10

Production Accounting

20 min

Wrap Up & Next Steps

Introductions & Background 

Founded in 2009, Dedicated to bringing latest technologies to enable Energy Companies new efficiencies



Unified Upstream and Midstream software platform

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Headquarters in Tulsa, Oklahoma, presence in Houston, Dallas, Denver

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Executive team averages over 25 years of experience in energy software development

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W Energy Differentiators

Upgrades Made Simple

Modern Technology

Superior Functionali ty Cost Unmatche Model d Innovatio Support Confidential â&#x20AC;&#x201C; Do not duplicate ÂŠ 2019 W Energy Software | 5 n

Modern Technology  Web based architecture tuned for high performance  Intuitive user experience promotes efficiency and rapid adoption  Tight integration enables data transparency and visibility

Cost Model Innovation  Transparent license and upgrade model promotes lowest cost of ownership  Elastic cloud deployment options enable flexible infrastructure cost base

Unmatched Support  Corporate culture and refined processes promote ‘Best-inClass Service’ leading to industry best client retention  Client’s partner with W Energy to drive the direction of the solution

Upgrades Made Simple  An upgrade path built for you • As needed over the course of a year, we release only to you specific enhancements and fixes. Annually we release a composite of industry best enhancements  QA, by us, with your data • Our team tests the incremental as well as the annual release with your data, only once it has passed all of our comprehensive battery of tests do we release it to you for validation  No Project, No Cost • Our Managed Application Upgrades service is provided at no cost

Best in Industry Support & Customer Experience 2018 Market Survey “Every opportunity I get I remind everyone within ear shot how fortunate we are to have such a cooperative and responsive business partner. This is yet another opportunity and I just sent a message to my boss and boss’s boss reiterating this point. I can’t tell you how much I appreciate and enjoy working with you guys!” - Senior Business Analyst, ExxonMobil

+100

+5 0

Apple

W Energy +70

-50

-100

Southwest Airlines

+66

+47

-8

-70

United Airlines

-37 to -40 Other Energy Software Vendors

Comcast

“What we heard from you”  Current Technology for Upstream Mobility and Well Work is:  Expensive  Not leveraging modern technology  Lacking streamlined integration to back office systems The End of 2020 presents a unique opportunity for Northwoods to upgrade systems around Accounting, Land, Reporting, Well Work, and Mobility while also SAVING Money.

W Energy: Field Operations Suite Background

 One of the earliest solutions to embrace the advantages of the cloud  Formerly NeoFirma (founded 2005)

Representative Clients

Solutions

Over 40 customers oil & gas industry - rely on W Energy Software Field Ops. Representative examples include:

• Drilling & Well Work • Production Operations/FDC • Production Accounting • Regulatory

 Originally backed by energy companies & industry leaders including T. Boone Pickens/BP Capital  Clients with operated well count ranges from 1-1000+ wells  Providing a nimble and highly service focused offerings to our customers Confidential – Do not duplicate © 2020 W Energy Software | 12

End-to-End Upstream Capabilities Land Management

Fixed Assets

Accrual

Field Data Capture

Drilling and Well Work

Production Operations

Expense Reimbursemen t

Marketing

Contract Management

Tax and Regulatory

Forecasting

Volume Balancing

Production Accounting

Financial Accounting

Division Order

Authorization for Expenditure

Expense Distribution

Gas & Crude Gathering

Purchase Order

Confidential â&#x20AC;&#x201C; Do not duplicate ÂŠ 2020 W Energy Software | 13

Capabilities Drilling & Well Work

Production Operations/FDC

Production Accounting/Regulatory

Planning Activity

Capture Field Data

Graphical Allocation Networks

Capture Field Work

Allocate Daily Production

Allocate Monthly Production

Generate Daily Reporting

Well Performance

Create AFEs (Budget)

Reporting & Analysis

Track Field Costs Estimates

Asset Management

Costs versus Budget

Data for Regulatory Reporting

Track Wellbore Changes

Feed Accounting, Economics Analysis

Visibility to Stakeholders/Partners

Reconcile Monthly Sales Perform Federal & State Level Reporting Feed Revenue Accounting & Other Systems

Confidential â&#x20AC;&#x201C; Do not duplicate ÂŠ 2020 W Energy Software | 14

Distributed Field Connectivity Field Data Capture (FDC)

Field Ops Portal

1. FieldApp (Windows/iOS)

UPSTREAM

2. Browser

Field Measurements - Facility - Tank - Meter - Well Tank Events Well Tests

Real-time API

Waterfield ERP Field Dashboard & Reporting Field Daily Allocation Volumes Management Sales Reconciliation Asset Management User, Role & Assignments

Production Accounting & Regulatory Real-time API

Well Completion Master Graphical Field Asset/Metering Network Multi-tier & Allocation Method by Stream NGL Component Allocation Federal & State Regulatory

3rd Party Production/FDC

Upload Interface for Volumes, Well Tests, Run Tickets, CTMs, etc

Indicates Offline Capable

DEMONSTRATION Jeremy Funk, Director of Business Development 720-560-5813 Jeremy.funk@wenergysoftware.com