Skip to main content 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp Investor Presentation | Shale Experts
Loading...
Pm

4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp

Halcon Resources Corp · Oct 2, 2012 · 39 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. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 1
    4th Annual Johnson Rice Energy Conference October 2, 2012 NYSE: HK
  2. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 2
    Liquids-Rich Asset Base and Significant Drilling Inventory Undisclosed Exploratory Plays Not Shown Bakken Mississippi Lime Utica/Point Pleasant Woodbine/Eagle Ford PF Total Proved Reserves: 72.8 MMBoe TMS PF %…
  3. 4TH ANNUAL JOHNSON RICE ENERGY 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. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 4
    Building An Oil Company Targeted Areas Targeted Net Acres Progress (1) First Spud Woodbine/Eagle Ford 150,000 - 250,000 95% May Bakken 55,000 - 125,000 60% 2010 Utica/Point Pleasant 150,000 - 250,000 65% October TMS 150,000 -…
  5. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 5
    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…
  6. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 6
    Woodbine/Eagle Ford Lease Area Texas 8 NYSE: HK
  7. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 7
    Woodbine/Eagle Ford Regional Stratigraphic Cross Section Base of Austin Chalk to top of Buda (influence of deltaic sandstone from the north-northeast) 9 NYSE: HK
  8. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 8
    Woodbine Well Performance Operated Well Summary (Gross) Wells on Production 15 Wells Flowing Back - Wells Currently Frac'ing - Wells WOC - Wells Drilling 5 Total Wells Spud 20 10 NYSE: HK
  9. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 9
    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…
  10. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 10
    Diversified Footprint Across Bakken Trend 12 NYSE: HK
  11. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 11
    Operated Bakken Well Performance (1) Operated Well Summary (Gross) Wells on Production 29 Wells Flowing Back - Wells Currently Frac'ing 2 Wells WOC 4 Wells Drilling 3 Total Wells Spud 38 (1) Represents Williams County and…
  12. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 12
    Utica/Point Pleasant Overview Utica/Point Pleasant Operating Detail Focus volatile oil and liquids-rich windows Access to cores, geochem and logs Ohio Pennsylvania 3D seismic to optimize completions and reduce costs Intend to let…
  13. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 13
    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…
  14. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 14
    (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…
  15. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 15
    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)…
  16. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 16
    Top of Utica Structure Map HK PHILLIPS 1H EST. SPUD: OCT 12 HK ALLAM 1H EST. SPUD: OCT 12 18 NYSE: HK
  17. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 17
    Tuscaloosa Marine Shale (TMS) Overview Tuscaloosa Marine Shale Operating Detail Type Curve Oil-prone reservoir in Louisiana and Mississippi 10,000 Age equivalent to the Eagle Ford shale 1,000 Lower well costs over time and…
  18. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 18
    TMS Lease Area Louisiana 20 NYSE: HK
  19. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 19
    TMS Structure Base HK LAMBRIGHT 1H PTD: 13,500 EST. SPUD: 4Q12 HK BROADWAY 1H PTD: 14,500 SPUD: SEP 12 TMS Penetrations 21 NYSE: HK
  20. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 20
    Undisclosed Unconventional Exploratory Plays Targeting 200,000-350,000 net acres in undisclosed exploratory plays Oil and liquids-rich targets Prospect identification driven by technical analysis and experience Due to competitive…
  21. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 21
    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 First well (Kollatschny 1) spud in late May Five stage Navarro completion…
  22. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 22
    Midway/Navarro Lease Area Texas 24 NYSE: HK
  23. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 23
    Top of Navarro Time Structure Map HK HILLBOLDT 1 TMD: 15,500 HK KOLLATSCHNY 1 TMD: 17,320 HK 68 SQ. MI. 3D SURVEY IN-PROGRESS 25 NYSE: HK
  24. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 24
    Wilcox Overview Wilcox Operating Detail Type Curve (1) Oil prone reservoirs with significant associated 10,000 high BTU gas and NGLs premium pricing 1,000 Structural play using 3D seismic and vertical drilling 100 Potential for…
  25. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 25
    Wilcox Lease Area 27 NYSE: HK
  26. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 26
    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…
  27. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 27
    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 Five horizontal wells 13 18 17 16 15 14 13 18 17 16 15 14 Four producing 27N 9E 27N 10E 21 22 23 One waiting…
  28. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 28
    Eagle Ford Overview Eagle Ford Overview Eagle Ford Acreage Position To be divested in 2012 DATA ROOM OPEN HK has been actively drilling in this area for more than a year (21 wells drilled) 19 wells producing 1 well currently…
  29. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 29
    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 wells…
  30. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 30
    Hedging Summary as of 9.24.12 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 proved reserves Oil Hedge Summary 2H 2012 FY 2013 FY…
  31. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 31
    Pro Forma Capitalization and Liquidity As of June 30, 2012 ( in millions) Jul-12 High Yield Halcon Acquisition Offering Halcon Actual Adjustments (1) Adjustments Pro Forma Cash and Equivalents 219.2 (848.0) 724.8 96.0 Long-Term…
  32. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 32
    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% Woodbine/Eagle Ford 24% 20% Drilling & Completions 35% 40% Bakken 13% 23%…
  33. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 33
    HK Investment Highlights Proven Management Team With Significant Ownership Stake Technical Bias With Extensive Resource Style Play Experience Attractive Liquids-Rich Asset Portfolio With Compelling Economics Positioned For…
  34. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 34
    Appendix NYSE: HK
  35. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 35
    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…
  36. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 36
    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…
  37. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 37
    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…
  38. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 38
    HK Ownership (in thousands) Basic Dilutive Securities Fully Diluted Net Diluted (3) Owner Shares Percent Conv. Debt (1) Warrants (2) Options Shares Percent Shares Percent HALRES LLC (4) - 0% 63,084 36,667 - 99,751 31% 77,271 26%…
  39. 4TH ANNUAL JOHNSON RICE ENERGY CONFERENCE – Halcon Resources Corp – slide 39
    Contact: Scott Zuehlke, VP - Investor Relations 1000 Louisiana St., Suite 6700, Houston, TX 77002 832-538-0314 szuehlkehalconresources.com www.halconresources.com NYSE: HK

From the store

Browse maps, data & reports in the Shale Experts store