MAGNUM HUNTER RESOURCES CORPORATION SunTrust 2013 Play-by-Play Oil & Gas Conference May 2013
Who We Are Magnum Hunter Resources is an exploration and production company focused in three of the most prolific unconventional shale resource plays in North America, namely the Marcellus, Utica and Williston/Bakken Shale Current…
Where We Operate A well-balanced and concentrated asset base in large shale plays Secure footholds in West Virginia, Ohio, Kentucky, Texas and North Dakota, and Saskatchewan, Canada 180,000 Net Acres 85,500 Net Marcellus…
Proved Reserve Growth Consistency Robust track record of proved reserve growth since inception Approximately 73.1 MMBoe at December 31, 2012 (63% oil/liquids)(1) Anticipate continuing to consistently add proven reserves with an equal…
Growth Plan Continues EBITDAX Revenue 300 274.0 250 200 160.0 (MM) 150 129.2 100 50.4 50 32.7 4.2 0 2010 2011 2012 (1) Year Note: New management team took over in May 2009 (1) The 2012 financial…
Future Growth and Profitability Drivers To achieve consistent growth, we are committed to the following: Focus on developing and growing core assets in areas with the highest rate of return using our proven development expertise…
2013 Accomplishments to Date Our long-term strategic growth plan is reflected in recent events: January: Began targeting the North Dakota Middle Bakken formation and spud our first operated well in Divide County, ND January March:…
Addressing Concerns We have taken the following actions to address the concerns in our Form 8-K dated April 16, 2013 Concern Action Taken Status On schedule; Targeting end 2012 10-K - Hired BDO to complete audit of June for…
A Focused Company on the Right Path Proven management and technical team in place committed to proper capital allocation for future growth Geographically diversified asset base in three of the most prolific shale plays in the US…
Appendix 11
Appalachia Overview Overview Areas of Operation Proved Reserves MHR areas of operations Total proved reserves of 36.5 MMBoe as of 12/31/12 Proved producing reserves of 24.1 MMBoe as of 12/31/12 Acreage Position 467,000 net…
Economic Sensitivity of Marcellus CAPEX: 6.5MM EUR: 7.8 Bcfe (includes natural gas liquids) 14.0 IRR: 108% 12.0 4.14/MMBtu(1) IRR: 98% 10.0 IRR: 87% Single Well NPV-10 ( MM) IRR: 77% 8.0 IRR: 67% 6.0 IRR: 57% 4.0 IRR:…
NGL Uplift in Appalachia Following the startup of the Mobley Processing Plant, Magnum Hunter realized an average of .85 per Wellhead Produced Mcf uplift from NGLs February 2013 settlement The Company has 200 MMcf/d of dedicated…
Marcellus Shale NOBLE MONROE MHR - Ormet Well Mark West Mobley Fractionation Facility MHR - Stalder Pad Carbide MHR - Price Pad Compression Facility WETZEL TYLER WASHINGTON MHR / Stone JV Pads MHR - Spencer Pad MHR - New…
Utica Shale Overview Total Organic Carbon The Utica Shale extends approximately 170,000 square miles throughout the Appalachia Basin in the United States and Canada Ordovician-aged organic rich black shale with interbedded limestone…
First Utica Pad Farley First Utica horizontal well in Washington County spud April 10, 2013 Farley Pad is designed to handle 4 horizontal wells Well has recently reached TD vertically at 8,164 feet, logged and cored Now drilling the…
Farley Pad Drilling Locations MHR - Farley Pad Four Planned Laterals Washington County Noble County 0 2000 4000 Magnum Hunter Acreage 19
Utica Shale Recent Well Results Antero - Miley 5HA Gulfport - Stutzman 1-14H MUSKINGUM IP Rate: 3200 boe/d 4 Hour Rate: 9450 bbls NGL/d 1250 BTU Gas Well Not Rested +21.0 mmcf/d (4060 boe/d) Gulfport - Irons 1-4H Drilling Gulfport -…
Williston Hunter Overview Areas of Operation Overview Proved Reserves Total proved reserves of 24.0 MMBoe as of 12/31/12 Proved producing reserves of 9.9 MMBoe as of 12/31/12 Acreage 180,000 net acres in the Williston Basin…
Ambrose/Divide County 2013 Activity Areas of Operation Overview 2013 Drilling Program 30 gross, 10 net wells Targeting Sanish Three Forks and Middle Bakken Prolific Two-mile Lateral Wells IP 24-hour rates up to 1200 Boepd IP…
Williston Hunter Recent North Dakota Well Results Williston (North Dakota) MHR results 24-Hr IP Rate 30-Day Average Production Rate of Frac Stages 1770 1549 1326 1352 1054 1085 1046 1033 990 910 842 859 874 868 836 833…
Williston Basin Economics Sensitivity North Dakota West (High Case) North Dakota West (Base Case) Saskatchewan (1 mile lateral) CAPEX: 7.1 Million CAPEX: 7.1 Million CAPEX: 3.5 Million EUR: 730 MBO EUR: 550 MBO EUR: 175 MBO…
Pearsall and Eagle Ford Shale in Oil Window Key Highlights Strong Well Results by Offset Operators Validates the Companys Acreage Position Core land position in the Pearsall and Eagle Ford oil and condensate windows Technical…
Eureka Hunter Midstream Overview Strategically Positioned Assets Pipeline strategically located in heart of Marcellus wet gas corridor of WV 80 miles of 20 1135 MAOP gathering system in the ground to-date 350+ MMcf per day current…
Eureka Hunter Pipeline Geographical Map Constructed Line 27
Eureka Hunter Pipeline Three pipe solution at Carbide Challenging West Virginia Terrain Ohio River Bore into Ohio (McCormick & Evans) 29
Mobley Processing Plant Processing complex consists of three trains: 200 Mmcf/d + 200 Mmcf/d + 120 Mmcf/d 200 Mmcf/d plant came online during November 2012 Equitrans feed Eureka Hunter began deliveries December 20, 2012 30
Crude Oil and Natural Gas Hedges Crude Oil 2013 2014 2015 NYMEX Average (1) 89.44 86.45 84.12 Weighted-Average Hedge Price With Ceilings 100.38 100.90 115.93 Weighted-Average Hedge Price With Floors 87.33 85.00 85.00…
Contact Information Magnum Hunter Resources (NYSE: MHR) Website: www.magnumhunterresources.com Headquarters: 777 Post Oak Blvd., Suite 650 Houston, TX 77056 Office: (832) 369-6986 Fax: (832) 369-6992 Contact: Investor Relations…
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