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Q4 2011 – Mid-Con Energy Partners Lp

Mid-Con Energy Partners Lp · Mar 7, 2012 · 11 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. Q4 2011 – Mid-Con Energy Partners Lp – slide 1
    Mid-Con Energy Partners, LP 4th Quarter 2011 Earnings Call March 7, 2012
  2. Q4 2011 – Mid-Con Energy Partners Lp – slide 2
    Mid-Con Energy Partners, LP Reserves at December 31, 2011 10.0 MMBoe Total Proved 99% Oil / 99% Operated 69% Proved Developed R/P Ratio of 17 Years Northeastern Oklahoma - 3.2 MMBoe (32% of Total) Hugoton Basin - 69% Proved…
  3. Q4 2011 – Mid-Con Energy Partners Lp – slide 3
    Earnings Summary ( in thousands, except per unit data) Three Months Ended Year Ended December 31, December 31, 2011 2011 2010 Production: Oil (MBbl) 130 407 228 Natural gas (MMcf) 38 164 191 Total (MBoe) (1) 136 434 260 Average net…
  4. Q4 2011 – Mid-Con Energy Partners Lp – slide 4
    Liquidity Update Current liquidity of 30.2 million consisted of 0.2 million in cash and 30.0 million of available borrowings under our revolving credit facility Initial borrowing base of 75.0 million, subject to our next…
  5. Q4 2011 – Mid-Con Energy Partners Lp – slide 5
    Year End Reserves Reconciliation of Proved Reserves Oil Gas (MBbls) (MMcf) MBoe As of December 31, 2010 7,007 1,346 7,231 Revisions for previous estimates 740 (370) 678 Extensions, discoveries and other additions 1,704 - 1,704…
  6. Q4 2011 – Mid-Con Energy Partners Lp – slide 6
    2012 Outlook Management is reaffirming its fiscal 2012 outlook set forth in our Final Prospectus filed on December 16, 2011. The following table reflects certain estimates and assumptions per our Final Prospectus: (in thousands,…
  7. Q4 2011 – Mid-Con Energy Partners Lp – slide 7
    2012 Capital Budget MCEP 2012E CapEx Program 2012E CapEx By Core Area ( in thousands) ( in thousands) 8,000 5,739 6,000 5,262 5,632 4,539 603 4,000 369 9,982 2,000 4,586 1,153 4,659 4,170 74 0 Southern Northeastern…
  8. Q4 2011 – Mid-Con Energy Partners Lp – slide 8
    Hedging Update Mid-Con intends to hedge a significant portion of its production to minimize the impact of commodity price volatility on available cash Protect coverage and distributions over time through a prudent use of production…
  9. Q4 2011 – Mid-Con Energy Partners Lp – slide 9
    Hedging Detail The following table reflects existing commodity derivative positions for 2012, 2013 and 2014: Months Settlement Instrument Total Bbls. NYMEX Outstanding Price Floor Ceiling Type Per Month Index Jan-Dec 2012 100.00…
  10. Q4 2011 – Mid-Con Energy Partners Lp – slide 10
    Non-GAAP Measures 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 net income,…
  11. Q4 2011 – Mid-Con Energy Partners Lp – slide 11
    Contact Information Headquarters: 2501 N. Harwood Street, Suite 2410 Dallas, TX 75201 (972) 479-5980 Tulsa Operations: 2431 E. 61st Street, Suite 850 Tulsa, Oklahoma 74136 (918) 743-7575 NASDAQ: MCEP www.midconenergypartners.com 12

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