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IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp

Halcon Resources Corp · Apr 17, 2012 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 1
    IPAA OGIS New York Conference April 17, 2012 NYSE: HK
  2. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 2
    Building A Liquids-Rich Asset Base 3 Exploratory Liquids-Rich Plays Not Shown Total Proved Reserves: 21.1 MMBoe % Developed: 64% % Oil/NGLs: 68% 2011 Avg. Net Daily Production: 4,121 Boe Total Proved PV10: 391.8 MM…
  3. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 3
    Levered to Liquids Proved Reserves (1) 2011 Production 25,000 2,000 20,000 1,500 MMBoe MMBoe 15,000 1,000 10,000 68% 71% 5,000 500 Liquids Liquids 0 0 Reserves Production Oil NGLs Gas Oil NGLs Gas 2012 Production…
  4. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 4
    2012 Divestiture Candidates 2011 Average Net Daily Production Proved Reserves (1) Boe/d Full Year 4Q11 Oil Gas NGL Equiv. % PV10 (1) MBbls MMcf MBbls Mboe Oil/NGLs % PD (MM) 1,966 1,942 1,565 38,617 1,604 9,605 33% 57% 110.8…
  5. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 5
    Building An Oil Company Targeted Net Acres Progress (1) First Spud Targeted Areas Utica / Point Pleasant 150,000 - 250,000 50% May Woodbine 150,000 - 250,000 25% May Wilcox 50,000 - 100,000 30% June Mississippian Lime 50,000 -…
  6. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 6
    Resource Potential Utica/Point Pleasant Woodbine Wilcox Mississippian Lime 875 MMboe 306 MMboe 168 MMboe 49 MMboe Target Net Acres = 200,000 Target Net Acres = 200,000 Target Net Acres = 75,000 Target Net Acres = 75,000 Prospectivity…
  7. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 7
    Utica/Point Pleasant Overview Target Acreage: 150,000 250,000 Focus volatile oil and liquids-rich window NY Access to cores, geochem and logs 3D seismic to optimize completions and reduce costs PA Utica/Point Pleasant Wells…
  8. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 8
    Utica/Point Pleasant Thickness and Reservoir Quality Comparison A N. Coast Energy Newstar Energy D&M A C. Shaney 1 Toalston 1 Lark 1 Harrison Co. (near Buell 8H Well) Carroll Co. (near Mangun 8H Well) Mercer Co. Cross Section 24…
  9. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 9
    Utica/Point Pleasant Volatile Condensate Single Well Type Curve Play: Utica/Point Pleasant Estimated Avg. Well Cost: 6.5-7.5 MM Estimated EUR: 1,250 MBoe Target Acreage: 150,000-250,000 acres Est. Spud-to-Production: 90 days Rig…
  10. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 10
    Woodbine Overview Target Acreage: 150,000 250,000 Upper Cretaceous section 40% silica and clastics = deliverability Regional studies indicate: 10%+ porosity Current IPs 3-4x higher vs. recent past TX Geologically equivalent to…
  11. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 11
    Woodbine Hydrocarbon System Deltaic depositional system Woodbine sands charged with Eagle Ford sourced oil Multiple Woodbine sand lenses 6,500- 11,500 depth Play 1: High porosity, high storage capacity sands Play 2: Downdip,…
  12. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 12
    Woodbine Single Well Type Curve Play: Woodbine Estimated Avg. Well Cost: 5.5-6.5 MM Estimated EUR: 467 MBoe Target Acreage: 150,000-250,000 acres Est. Spud-to-Production: 60-90 days Rig Count Estimate: 2Q12: 1 2H12: 2 Wells…
  13. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 13
    Wilcox Overview Oil-prone reservoir with significant Target Acreage: 50,000 100,000 associated gas and NGLs Production rate limits and commingling restrictions removed from Louisiana regulations 3D seismic essential to success…
  14. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 14
    Wilcox Log Section Upper Wilcox Eocene age tight sandstones Bivens N. Bivens N. Bancroft 18.2 MMBO Target depths range from 8,500-15,000 6.4 BCFG Middle Wilcox Bearhead Creek Focus - Middle and Lower Wilcox S. Bearhead Creek…
  15. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 15
    Wilcox Single Well Type Curve Play: Wilcox Estimated Avg. Well Cost: 7.5-8.5 MM Estimated EUR: 510 MBoe Target Acreage: 50,000-100,000 acres Est. Spud-to-Production: 60-90 days Rig Count Estimate: 2Q12: 1 2H12: 1 Wells…
  16. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 16
    Mississippian Lime Overview Initially developed using vertical wells Target Acreage: 50,000 - 100,000 (1) Carbonate reservoir (high permeability) Predominately oil production KS Shallow drilling depths (4,000- 6,000)…
  17. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 17
    Mississippian Lime Log Section Chat High porosity (20-30%) High permeability Associated with karsting High fluid volumes Dense limestone High porosity tripolitic chert lenses embedded within the low porosity/permeability…
  18. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 18
    Mississippian Lime Single Well Type Curve Play: Mississippian Lime Estimated Avg. Well Cost: 2.5-3.5 MM Estimated EUR 175 MBoe Target Acreage: 50,000-100,000 acres Est. Spud-to-Production: 60-90 days Rig Count Estimate: 2Q12: 1…
  19. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 19
    Exploratory Liquids Rich Plays - undisclosed Targeting 225,000 375,000 acres in aggregate Two unconventional plays (100,000 150,000 acres each) One conventional play (25,000 75,000 acres) Will drill in all three plays in 2012…
  20. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 20
    2012 D&C, Seismic and Infrastructure Estimate By Category By Area Drilling and Completions 71% Utica/Point Pleasant 14% Seismic 10% Woodbine 13% Infrastructure 19% Wilcox 13% Total 390 MM Mississippi Lime 14% Exploratory Liquids…
  21. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 21
    Capitalization and Liquidity Improved Capitalization Increased Liquidity to Fund Growth (000s) 12.31.11 Adj. 12.31.11 PF 1,000,000 Debt 800,000 Revolving Credit Facility (1) 127,000 (127,000) - Thousands Term Loan 75,000…
  22. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 22
    We Are Aligned With You Shares Percent Convertible Fully Percent Owner Warrants (1) (Basic) Ownership Debt (2) Diluted Ownership Public Shareholders (3) 70.5 49% 70.5 31% HALRES LLC (4) 73.3 51% 19.5 61.1 154.0 69% Shares…
  23. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 23
    Investment Highlights Proven Management Team With Significant Ownership Stake Technical Bias With Extensive Resource Play Experience Attractive Liquids-Rich Asset Portfolio With Compelling Economics Positioned For Significant…
  24. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 24
    Appendix NYSE: HK
  25. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 25
    Halcn/RAM Transaction Summary Why RAM Energy Resources Solid platform Concentrated ownership Liquids levered Stock Listing Simple balance sheet Modifications Attractive valuation New Senior Management and Board Ticker change…
  26. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 26
    Production and Reserves 2011 Average Net Daily Production Proved Reserves (1) Boe/d Full Year 4Q Gas NGL Equiv. % % Total PV10 (1) % Total Oil MBbls MMcf MBbls Mboe Oil/NGLs % PD Reserves (MM) PV10 Texas Electra/Burkburnett…
  27. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 27
    Derivative Summary FY 2012 FY 2013 FY 2014 OIL OIL OIL Volume Ceiling / Floor Floor Volume Ceiling / Floor Floor Volume Ceiling / Swap Floor Floor (Bbls) Swap Price* Purchased* Sold* (Bbls) Swap Price* Purchased* Sold* (Bbls)…
  28. IPAA OGIS NEW YORK CONFERENCE – Halcon Resources Corp – slide 28
    Contact: Scott Zuehlke, Director of Investor Relations 1000 Louisiana St., Suite 6700, Houston, TX 77002 832-538-0314 szuehlkehalconresources.com www.halconresources.com NYSE: HK

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