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ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp

Halcon Resources Corp · Aug 12, 2012 · 37 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. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 1
    EnerComs The Oil & Gas Conference 17 August 14, 2012 NYSE: HK
  2. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 2
    Liquids-Rich Asset Base and Significant Drilling Inventory 2 Liquids-Rich Exploratory Plays Not Shown Bakken Mississippi Lime Utica/Point Pleasant Woodbine/Eagle Ford PF Total Proved Reserves: 72.8 MMBoe TMS PF %…
  3. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 3
    Substantial Production and Reserves Growth Average Daily Production 40,000 373% 135% 89% 30,000 Boe/d 280% 20,000 10,000 0 2Q12 2Q12 PF (1) 4Q12E 2013E Proved Reserves 80,000 245% 60,000 Mboe 40,000 74% 20,000…
  4. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 4
    Building An Oil Company Targeted Net Acres Progress (1) First Spud Targeted Areas Utica/Point Pleasant 150,000 - 250,000 80% 3Q12 Woodbine/Eagle Ford 150,000 - 250,000 85% May TMS 150,000 - 200,000 30% 3Q12 Bakken 55,000 - 125,000…
  5. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 5
    Resource Potential Substantial Resource Potential Across Multiple Liquids-Rich Resource Style Plays Wet Gas Transitional Black Oil Utica / Utica / Utica / Woodbine/ Bakken Bakken Mississippi Midway/ TMS Point Pleasant Point…
  6. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 6
    Utica/Point Pleasant Overview (1) Utica/Point Pleasant Operating Detail Focus volatile oil and liquids-rich windows Access to cores, geochem and logs NY 3D seismic to optimize completions and reduce costs Intend to let wells rest…
  7. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 7
    Utica/Point Pleasant Wet Gas Well Details Type Curve 10,000 1,000 100 10 1 1 4 7 10 13 16 19 22 (Months) Gas (Mcf/d) Oil (Bbl/d) NGL (Bbl/d) Capital Costs / Well (MM) Gross EURs IRR Sensitivity (1) Total D&C 7.0 Oil…
  8. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 8
    (1) Utica/Point Pleasant Transitional Well Details Type Curve 10,000 1,000 100 10 1 1 4 7 10 13 16 19 22 (Months) Gas (Mcf/d) Oil (Bbl/d) NGL (Bbl/d) Capital Costs / Well (MM) Gross EURs IRR Sensitivity (2) Total…
  9. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 9
    Utica/Point Pleasant Black Oil Well Details Type Curve 1,000 100 10 1 1 4 7 10 13 16 19 22 (Months) Gas (Mcf/d) Oil (Bbl/d) NGL (Bbl/d) Capital Costs / Well (MM) Gross EURs IRR Sensitivity (1) Total D&C 7.0 Oil (MBbl)…
  10. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 10
    Top of Utica Structure Map SEISMIC LINE INVERSION HK PROPOSED WELL EST. SPUD: SEP/OCT 12 HK PROPOSED WELL EST. SPUD: SEP/OCT 12 12 NYSE: HK
  11. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 11
    Utica/Point Pleasant Rock Properties Rock Properties from Seismic Imaging Lateral Reservoir Boundaries A A POINT PLEASANT PINCH-OUT 13 NYSE: HK
  12. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 12
    Woodbine/Eagle Ford Overview Woodbine/Eagle Ford Operating Detail Type Curve Horizontal drilling and modern completion techniques 1,000 are a game changer Upper Cretaceous section 40% silica and clastics = 100 deliverability…
  13. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 13
    Woodbine/Eagle Ford Regional Stratigraphic Cross Section Base of Austin Chalk to top of Buda (influence of deltaic sandstone from the north-northeast) HK COVINGTON 1H (not to scale) 15 NYSE: HK
  14. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 14
    Woodbine Well Performance Operated Well Summary (Gross) Wells on Production 14 Wells Flowing Back - Wells Currently Frac'ing 1 Wells WOC - Wells Drilling 2 Total Wells Spud 17 16 NYSE: HK
  15. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 15
    Tuscaloosa Marine Shale (TMS) Overview Tuscaloosa Marine Shale Operating Detail Type Curve Oil-prone reservoir in Louisiana and Mississippi 10,000 Silica-rich shale 1,000 Age equivalent to the Eagle Ford shale Long-laterals key to…
  16. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 16
    TMS Structure Base HK LAMBRIGHT 1H PTD: 13,500 EST. SPUD: 4Q12 HK BROADWAY 1H PTD: 14,500 EST. SPUD: 3Q12 TMS Penetrations 18 NYSE: HK
  17. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 17
    TMS Isopach HK LAMBRIGHT 1H PTD: 13,500 EST. SPUD: 4Q12 HK BROADWAY 1H PTD: 14,500 EST. SPUD: 3Q12 TMS Penetrations 19 NYSE: HK
  18. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 18
    Bakken Overview Bakken Operating Detail Type Curve (Operated) NW Williams County (operated) 1,000 2 rigs running 10 12 gross wells planned for 2H12 (30% 35% W.I.) 100 Eastern Montana (operated) 1 rig currently running 2 4 gross…
  19. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 19
    Bakken Position Diversified Footprint Across Bakken Trend 21 NYSE: HK
  20. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 20
    Operated Bakken Well Performance Operated Well Summary (Gross) Wells on Production 26 Wells Flowing Back - Wells Currently Frac'ing - Wells WOC 3 Wells Drilling 3 Total Wells Spud 32 22 NYSE: HK
  21. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 21
    Mississippi Lime Overview Mississippi Lime Operating Detail Type Curve Carbonate reservoir (high permeability) 1,000 Predominantly oil production 100 Shallow drilling depths (2,000 6,000) 200 500 gross thickness 10 Scalability…
  22. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 22
    Mississippi Lime Drilling Program 1 6 5 4 Osage County, OK 10 11 Initial drilling program 11 12 7 8 9 12 7 8 9 10 5 horizontal wells 13 18 17 16 15 14 13 18 17 16 15 14 4 SWD wells 27N 9E 27N 10E 22 23 60 day evaluation…
  23. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 23
    Midway/Navarro Overview Midway/Navarro Operating Detail Type Curve (1) Oil prone reservoirs with significant associated 10,000 high BTU gas and NGLs 1,000 Premium pricing First well (Kollatschny 1) spud in late May 100 TMD 17,320…
  24. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 24
    Top of Navarro Time Structure Map HK HILLBOLDT 1 PTD: 15,500 SPUD: 7.26.12 A HK KOLLATSCHNY 1 TD: 17,320 HK A 68 SQ. MI. 3D SURVEY IN-PROGRESS 26 NYSE: HK
  25. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 25
    Midway/Navarro Stratigraphic Cross Section 27 NYSE: HK
  26. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 26
    Liquids-Rich Resource Style Exploratory Plays Targeting 200,000-350,000 net acres across two unconventional plays Expect to drill in both plays in 2012 Oil and liquids-rich targets Prospect identification driven by technical…
  27. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 27
    Eagle Ford Overview Eagle Ford Overview Eagle Ford Acreage Position To be divested in 2012 HK has been actively drilling in this area for more than a year (18 wells drilled) 12 wells producing 3 wells fracing 3 wells waiting on…
  28. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 28
    Eagle Ford Project Improvements First three well completions largely ineffective Laterals 3200-5900 with 10-16 frac stages 40/70 white sand (embedment issues) Slick water, linear gels and cross link frac fluids Recent 9 wells…
  29. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 29
    Hedging Summary as of 8.7.12 Plan to hedge 80% of expected production over 18-24 month period Recently amended revolving credit facility terms to allow hedging of up to 85% of expected production Oil Hedge Summary 2H 2012 FY 2013 FY…
  30. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 30
    Pro Forma Capitalization and Liquidity As of June 30, 2012 ( in millions) High Yield Halcon Acquisition Offering Halcon Actual Adjustments(1) Adjustments Pro Forma Cash and Equivalents 219.2 (868.7) 724.8 75.4 Long-Term Debt…
  31. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 31
    2012 Capital Budget Breakdown By Category D&C By Area SEC Pro Forma SEC Pro Forma Accounting Basis Accounting Basis Basis Basis Leasehold Acquisitions 55% 50% Utica/Point Pleasant 10% 7% Drilling & Completions 35% 40% Woodbine/Eagle…
  32. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 32
    Appendix NYSE: HK
  33. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 33
    Pro Forma Production and Reserves (74% Liquids) Avg. Net Daily Production (Boe/d) (1) Proved Reserves (2) Variance Equiv. % Total PV10 (2) % Total 1Q12 2Q12 Oil MBbls Gas MMcf NGL MBbls % Oil/NGLs % PD Q/Q Mboe Reserves (MM) PV10…
  34. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 34
    Pro Forma Proved Reserves Overview Pro forma proved reserve base is liquids-rich (geographically and by basin) diversified, with an attractive PDP / PUD mix Highly Diversified Pro Forma Proved Reserves of 72.8 MMBoe 74% of Pro Forma…
  35. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 35
    Halcn History Recapitalized RAM Energy Resources, Inc. (1) Funded with 550 million investment by EnCap, Liberty Energy Holdings, Mansefeldt Raised 400 million of Investment Corp., and Halcn Management equity through PIPE Closed the…
  36. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 36
    HK Ownership HALRES LLC, Comprised of HK Management and Seasoned Energy-Focused Private Equity Firms, Have Substantial Equity Stakes Percent Convertible Fully Percent Net Percent Owner Basic Warrants Options Ownership Debt (1)…
  37. ENERCOMS THE OIL & GAS CONFERENCE – Halcon Resources Corp – slide 37
    Contact: Scott Zuehlke, VP - Investor Relations 1000 Louisiana St., Suite 6700, Houston, TX 77002 832-538-0314 szuehlkehalconresources.com www.halconresources.com NYSE: HK

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