Mid-Con Energy Partners, LP 3rd Quarter 2013 Earnings Call November 6, 2013 NASDAQ : MCEP www.midconenergypartners.com 1
Third Quarter Highlights Production Growth Adjusted EBITDA Cash Distributions Average Boe/d (Net) Adjusted EBITDA (MM) Quarterly Distribution Per Unit 2,522 0.515 14.9 1,913 0.485 11.8 3Q12 3Q13 3Q12 3Q12 3Q13 3Q13 o Net…
Earnings Summary Three Months Ended September 30, June 30, 2013 2012 2013 (in thousands, except per unit data) Production: Oil (MBbl) 227 171 230 Natural gas (MMcf) 32 31 36 Total (MBoe) (1) 232 176 236 Average Averagenet…
Coverage Ratio Calculation Three Months Ended September 30, 2013 ( in thousands, except per unit data) Adjusted EBITDA (1) 14,935 Less: Cash interest expense 861 Estimated maintenance capital expenditures 2,031 Distributable…
Distribution History o Approximate 8% Growth In Quarterly Rate Since IPO Since completing its initial public offering in December 2011, Mid-Con Energy will have paid 3.522 in cumulative cash distributions per unit (inclusive of…
Borrowing Base and Liquidity Revolving Credit Facility o 150.0 Million Borrowing Base ( in millions) Increased Borrowing Base from 130.0 million to 150.0 million on Increased 160.0 Borrowing Base November 5, 2013 at 11/05/13…
Hedge Profile o Mid-Con Energy has commodity derivatives covering approximately 80%, 70% and 10% of estimated average daily oil production from proved reserves for calendar years 2013, 2014 and 2015, respectively Oct-Dec 2013 2014…
Capital Expenditures 3Q 2013 Capital Expenditures o 4.5 Million In Total CapEx Maintenance: 2.0 million Growth CapEx 2.5 Million Growth: 2.5 million o New Wells Drilled in Third Quarter Southern Oklahoma: 2 producing 4.5 wells…
YTD Drilling Activity(1) Northeastern Oklahoma 4 Producers Includes 2 producers in completion stage 2 Injectors Includes 1 injector in completion stage 4 Conversions to Injection Hugoton Basin 3 Producers Southern…
Production Update *Injection and production volumes are presented on a gross basis. Increasing Injection = Increasing Production NASDAQ : MCEP www.midconenergypartners.com 11
Production Update *Injection and production volumes are presented on a gross basis. Increasing Injection = Increasing Production NASDAQ : MCEP www.midconenergypartners.com 12
Core Areas of Operation Northeastern Hugoton Oklahoma Basin Tulsa Office Southern Oklahoma Public Headquarters *Map does not reflect miscellaneous properties we categorize as Other. NASDAQ : MCEP…
Contact Information Headquarters Investor Relations Contact 2501 N. Harwood Jeffrey Olmstead Suite 2410 President and CFO Dallas, TX 75201 jolmsteadmidcon-energy.com 972.479.5980 972.479.5980 Matthew Lewis Tulsa Operations…
Appendix: Non-GAAP Measures o This presentation includes Adjusted EBITDA and Distributable Cash Flow, each of which are non- generally accepted accounting principles (Non-GAAP) measures, and should not be considered an alternative to…
Appendix: Hedge Detail Months Settlement Instrument Total Bbls. NYMEX Outstanding Price Floor Ceiling Type Per Month Index Oct-Dec 2013 105.80 Swap 6,000 WTI Oct-Dec 2013 100.00 111.00 Collar 6,000 WTI Oct-Dec 2013 96.00 Swap 8,000…
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