Mid-Con Energy Partners, LP 2nd Quarter 2012 Earnings Call August 8, 2012 NASDAQ: MCEP www.midconenergypartners.com 1
2nd Quarter 2012 Highlights Increased Increased Production 64% YoY Adjusted EBITDA 73% YoY 2Q 2012 average production of 1,747 2Q 2012 Adjusted EBITDA of 10.7 Boe/d, up from 1,066 Boe/d in 2Q 2011 million, compared to 6.2 million in…
Earnings Summary Three Months Ended June 30, March 31, 2012 2011 2012 ( in thousands, except per unit data) Production: Oil (MBbl) 154 91 150 Natural gas (MMcf) 28 36 31 Total (MBoe) (1) 159 97 155 Average net daily production…
Coverage Ratio Calculation Three Months Ended June 30, 2012 ( in thousands, except per unit data) Adjusted EBITDA (1) 10,726 Less: Cash interest expense 333 Estimated maintenance capital expenditures 1,066 Distributable Cash…
Acquisitions In unrelated transactions, Mid-Con Southern / Northeastern Oklahoma Energy purchased certain oil Areas of Acquisitions properties and additional working interests in select Southern and Northeastern Oklahoma properties…
Borrowing Base and Liquidity Update Current borrowing base of Revolving Credit Facility ( in millions) 100 million, increased from 100.0 75 million as a result of April 2012 redetermination 42.0 100.0 80.0 Liquidity of 46.0 million…
Hedging Update Mid-Con intends to hedge a significant portion of its production to minimize the impact of commodity price volatility on cash available for distribution Current Volumes Hedged & Average Floor Price 1,500 100.0%…
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 Jul-Dec 2012 100.00…
Capital Expenditures 2Q 2012 total capital expenditures of 3.8 million ( in millions) 2Q 2012 (Actual) 3Q 2012 (Estimated) 4Q 2012 (Estimated) Capital Expenditures Capital Expenditures Capital Expenditures Growth Maint. Total Growth…
Updated 2012 Guidance 3Q 2012E 4Q 2012E Net Production: Oil (MBbl) 173 - 177 186 - 191 Natural gas (MMcf) 19 - 22 19 - 22 Total (MBoe) (1) 176 - 181 190 - 195 Net Production per Day: Oil (Bbl/d) 1,875 - 1,925 2,025 - 2,075 Natural…
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,…
Contact Information Headquarters: Tulsa Operations: 2501 N. Harwood Street, Suite 2410 2431 E. 61st Street, Suite 850 Dallas, TX 75201 Tulsa, Oklahoma 74136 (972) 479-5980 (918) 743-7575 Contact: Jeffrey Olmstead President and Chief…
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