Skip to main content GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. Investor Presentation | Shale Experts
Loading...
Pm

GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc. · Jun 1, 2014 · 33 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. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 1
    One Step Ahead of The Drill Bit June 2014 NYSE MKT: NOG
  2. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 2
    Position: 185,000 Net Acres 1,300 Remaining Net Well Inventory(1) 76% of North Dakota Held(2), 65% Held in Total Production: (1st Quarter 2014) Averaged 13,300 BOEpd 90% Crude 1,847 Producing Wells (150.8 net) 298 Wells…
  3. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 3
    Leading Non-op Franchise in the Williston First-mover advantage in 2006 Strong balance sheet and liquidity for drilling and additional acquisitions Acquire only strategic non-operated acreage in the Bakken core Partnered with Leading…
  4. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 4
    Our Focus is Purely North Dakota & Montana 5
  5. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 5
    North Dakota Active Rig Count and Production(1) 1150 250 Active Horizontal Rig Count Daily Production (Mboe/d) 950 200 750 150 550 100 350 150 50 -50 0 Daily Oil Production (MBbl/d) Daily Gas Production (Mboe/d)…
  6. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 6
    Consistent Growth 16,000 200 14,100 180 14,000 12,261 160 12,000 10,274 140 Production (Boepd) Producing Wells 10,000 120 8,000 100 6,000 5,275 80 60 4,000 2,435 40 2,000 20 773 140 - 0 2008 2009 2010 2011 2012…
  7. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 7
    Three Forks Potential Increases Footprint Gamma Ray Resistivity Upper Middle Bakken Bakken Traditional Focus Middle 11,300 Benches of Three Forks Opens Lower New Resource Potential Bakken Petroleum System Three Forks…
  8. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 8
    Strengthening the Foundation, Multi-Year Growth Profile 9
  9. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 9
    Proven Business Model Converts Acreage Into Shareholder Value Step 3 Step 2 Grow Production Fund AFE & Grow Reserves Creating Value One Step Ahead of The Drill Bit Step 4 Step 1 Realize High Buy Acreage Return on Invested…
  10. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 10
    Step Step 2 3 Step Step 1 4 Step Buy Acreage One Step Ahead of the Drill Bit 5 Deep knowledge of the Williston Basin Participated in 2,100+ gross wells Good visibility on who operates, drilling plans, AFE costs and general…
  11. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 11
    Step Step 2 3 Step Step 1 4 Step 5 Non-Operated Larger Operators Positions from Seeking to Companies Consolidate Preferring to Operated Positions Operate (Post-Acquisition) Operators Looking to Sell Down Smaller…
  12. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 12
    Step Step 2 3 Step Step 1 4 Step 5 185,000 net acres Acquisition History 60,000 4,000 Acquired 20,900 net acres at an 56,858 3,200 average price of 1,279 per acre Net Acres Acquired 45,000 49,032 43,239 in 2013…
  13. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 13
    Step Step 2 3 Step Step 1 4 Step Foundation for Continued Growth 5 Northern Net Acreage Summary 22% 24% 35% 65% 78% 76% Montana North Dakota Total % Held (1) Total % Non-Held ND % Held (1) ND % Non-Held Net Acres…
  14. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 14
    Step Step 2 3 Step Step 1 4 Step Current Estimated Gross Run Rate Total North Dakota Rigs (189)(1) 5 Company Williston Rigs(1) Bakken Capex(2) 18 1,620 MM 5% 18 1,620 MM 13 1,170 MM 10 900 MM 95% 13 1,170 MM NOG…
  15. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 15
    Step 2 Step 3 Step 1 Step 4 Step 5 Diversify Risk Among Premier Operators 10.9% 21.9% 7.2% 6.2% 3.4% 4.0% 5.4% 3.3% 3.9% 3.0% 4.2% 9.3% 5.5% 11.9% Between 2% and 3% Less Than 2% 16
  16. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 16
    Step Step 2 3 Step Step 1 4 Proved Reserves as of 12/31/2013 Step 5 ( in millions) Oil Gas Total SEC (MMBbls) (Bcf) (MMBoe) PV-10(1) P1 Category PDP 26.2 16.5 28.9 881.7 PDNP 5.9 4.1 6.6 151.1 PUD 43.8 29.5 48.7 488.5…
  17. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 17
    Step Step 2 3 Step Step 1 4 Step Historical Cash Operating Margins per BOE (1) 5 90.00 100.0% 80.00 79.0% 79.77 70.00 75.85 78.79 75.2% 77.97 74.1% 76.2% 76.0% 60.00 69.0% 75.0% % Margin 66.39 (/Boe) 50.00…
  18. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 18
    Step Step 2 3 Step Step 1 4 Step Strong Fundamental Performance in Key Operational Metrics 5 Three-Year F&D Cost 2011-2013 (/Boe)(1) Cash Operating Margin TTM 03/31/2014 (/Boe) 30.0 70.0 25.0 60.0 20.0 50.0 40.0 15.0 30.0…
  19. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 19
    Step Step 2 3 Step Step 1 4 Step Northern Generated 3.22 in EBITDA for Each 1.00 Invested in F&D 5 500% 453% 450% 400% 385% 350% 322% 300% 267% 250% 200% 189% 179% 150% 120% 100% 50% 0% CLR OAS NOG KOG WLL…
  20. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 20
    Consistent Execution of Business Strategy Oil & Gas Sales (MM) (1) Adjusted EBITDA (MM)(2) 450.0 300.0 400.0 382.8 268.0 269.6 369.2 350.0 250.0 225.3 296.6 300.0 200.0 250.0 150.0 200.0 159.4 112.3 150.0 100.0 100.0…
  21. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 21
    Capital and Liquidity to Continue Growth Path 22
  22. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 22
    Financial Resources to Stay One Step Ahead Liquidity (as of 3/31/2014) 800 700 600 in millions 204 MM Surplus 500 269 269 (Est.) 400 300 200 435 362 362 100 8 8 0 Cash Credit Facility(3) Adjusted EBITDA Available…
  23. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 23
    Disciplined Growth Through the Drill Bit 15,000 700 2012-2014 14,100 14,000 Production: Up 36% 650 CapEx: Down 19% Capital Expenditures (MM) 13,000 Production (Boepd) 600 12,261 12,000 538 550 11,000 10,274 500…
  24. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 24
    Acquisition and Development Investment (1) Capital Shifting to Development (1) 600 100% 537.5 90% Percentage of Total Capital Investment Capital Investment ( in millions) 500 38% 80% 439.1 435 414.0 70% 62% 400 73%…
  25. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 25
    COSTLESS COLLARS SWAPS Weighted Average Weighted Average Contract Volume Floor/Ceiling Price Volume Floor/Ceiling Price Period (Bbls) (Bbl) (Bbls) (Bbl) 2014: Q2 60,000 90.00 - 99.05 930,000 91.15 Q3 60,000 90.00 - 99.05 945,000…
  26. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 26
    EV / Proved Reserves (YE 2013) EV / Production (TTM Q114) 40 250 35 200 30 /Boepd ( in thousands) 25 150 /Boe 20 100 15 10 50 5 0 0 MHR KOG OAS EOX EOG CLR WLL NOG CLR MHR EOX OAS KOG NOG EOG WLL As of…
  27. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 27
    One Step Ahead of the Drill Bit Proven Acquisition Model Acquire High-Potential Acreage Focused on the Bakken and Three Forks A Premier Crude Oil Play in North America Deep Knowledge of the Bakken and Three Forks Go-To Non-Op…
  28. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 28
    Thank You 29
  29. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 29
    APPENDIX: Supplemental Information 30
  30. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 30
    Year Ended December 31, 2013 2012 2011 2010 2009 Production Oil (MBbls) 4,046.7 3,465.3 1,792.0 849.8 274.3 Natural Gas and NGLs 2,572.2 1,768.9 800.2 234.4 47.3 Total Production (Mboe) 4,475.4 3,760.1 1,925.4 888.9 282.2…
  31. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 31
    2013 2012 2011 2010 2009 2008 (In Thousands) Net Income 53,067 72,285 40,611 6,917 2,798 2,424 Add Back: Interest Expense 32,709 13,875 586 583 535 28 Income Tax Provision 30,768 43,002 26,835 4,419 1,466 (830) Depreciation,…
  32. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 32
    Quarter Ended March 31, December 31, September 30, June 30, In thousands 2014 2013 2013 2013 Net Income 6,589 17,401 1,702 25,011 Add Back: Interest Expense 9,898 9,569 9,212 7,819 Income Tax Provision 4,100 10,505 1,028 14,630…
  33. GHS 100 ENERGY CONFERENCE – Northern Oil and Gas, Inc. – slide 33
    (/Boe, except % Margin) Realized Year Price* Production Expense Production Taxes Cash G&A Margin % Margin 2009 51.55 2.67 4.60 8.70 35.57 69.0% 2010 66.39 3.70 6.16 4.09 52.44 79.0% 2011 75.85 6.77 7.43 3.88 57.77 76.2%…

From the store

Browse maps, data & reports in the Shale Experts store