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INVESTOR MEETING – Resolute Energy Corp

Resolute Energy Corp · Jun 24, 2010 · 25 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. INVESTOR MEETING – Resolute Energy Corp – slide 1
    Investor Meetings June - 2010 NYSE: REN
  2. INVESTOR MEETING – Resolute Energy Corp – slide 2
    Company Overview y Fast-growing exploration and production company focused on liquids-weighted domestic onshore production y Formed in 2004; IPO in September 2009 through a corporate merger y Producing asset base built through…
  3. INVESTOR MEETING – Resolute Energy Corp – slide 3
    Why Invest in Resolute y Experienced management with a successful track record y Senior management of Resolute built HS Resources y IPO in 1992 with 155 million firm value y Sold to Kerr-McGee in 2001 for 1.8 billion y Attractive core…
  4. INVESTOR MEETING – Resolute Energy Corp – slide 4
    Property Overview
  5. INVESTOR MEETING – Resolute Energy Corp – slide 5
    Property Overview y Year end 2009 SEC case(1) y Proved reserves: 64 MMBoe y PV10 480 million y Year-end 2009 strip case(1) y Proved reserves: 83 MMBoe y PV10: 1.1 billion y 2009 net production: 7,437 Boe per day y Reserves to…
  6. INVESTOR MEETING – Resolute Energy Corp – slide 6
    Aneth
  7. INVESTOR MEETING – Resolute Energy Corp – slide 7
    Resolute Aneth Field Properties y Large field with long production history y Discovered in 1956 y 1.5 billion Bbl original oil in place y Production to date of 419 million barrels (29%) y Expected recovery with proved reserves…
  8. INVESTOR MEETING – Resolute Energy Corp – slide 8
    Aneth Field Properties Reserves by product Reserves by category NGL 12% Gas 6% PDP 33% PUD 49% Oil 82% PDNP 18% Year end 2009 SEC case(1) Year end 2009 strip case(1) y Proved reserves: 60 MMBoe y Proved reserves: 76 MMBoe y…
  9. INVESTOR MEETING – Resolute Energy Corp – slide 9
    Existing and New CO2 Flood Projects Aneth Unit Pilot CO2 flooded since 1998 Aneth Phases 1, 2, 3 Completed in 2008/09 Currently under injection McElmo Creek Unit CO2 flooded since 1985 Aneth Phase 4 Begin work in 2010 First…
  10. INVESTOR MEETING – Resolute Energy Corp – slide 10
    Demonstrated CO2 Response McElmo Creek Unit CO2 response Aneth Unit CO2 response 1,000,000 3,000 28 2,800 1,080 Bopd peak response 24 2,600 20 Monthly Volume (Bopm) 2,400 16 Rate (Bopd) Well Count 100,000…
  11. INVESTOR MEETING – Resolute Energy Corp – slide 11
    Significant Organic Upside Resolute Aneth annual net production MBoe (SEC case) PDP PDNP PUD 4,000 AGR 15% C 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2010 2011 2012 2013 2014 y Production from proved developed…
  12. INVESTOR MEETING – Resolute Energy Corp – slide 12
    Wyoming
  13. INVESTOR MEETING – Resolute Energy Corp – slide 13
    Wyoming - Hilight Field Reserves by product Reserves by category PUD 1% Gas 51% Oil 23% NGL 26% PDNP 42% PDP 57% Location Map 20 miles Wyoming y 2009 Year-end SEC case(1) yTotal proved reserves: 5 MMBoe yPV10: 46…
  14. INVESTOR MEETING – Resolute Energy Corp – slide 14
    Hilight Field Growth Opportunities y Muddy refrac program y Four wells recently refraced Termo y 16 additional available for 2010 y Muddy horizontal potential y Mowry shale y Emerging shale oil play EOG Orion y Four recently…
  15. INVESTOR MEETING – Resolute Energy Corp – slide 15
    Bakken
  16. INVESTOR MEETING – Resolute Energy Corp – slide 16
    Bakken PlayWilliston Basin y Giant oil resource 50 miles y 3.65 billion Bbl oil(1) CANADA y 1,850 Bcf gas(1) MT ND y 1.48 MMBbl NGL(1) y 200 MBbl daily 2,300 wells(2) Nesson Anticline Williams y Increasing activity in North…
  17. INVESTOR MEETING – Resolute Energy Corp – slide 17
    Bakken Development Project y Resolute and GeoResources, Inc. (NASDAQ:GEOI) announced a joint project to develop acreage in the Bakken Shale trend in Williams County, ND y 61,000 gross and 42,000 net acres to the joint venture have…
  18. INVESTOR MEETING – Resolute Energy Corp – slide 18
    Financial Overview
  19. INVESTOR MEETING – Resolute Energy Corp – slide 19
    Pro Forma Summary Financials ( in millions, except as noted) 2007 2008 2009 Q1 2010 Sales volumes Total MBoe 2,760 2,823 2,7151 636 Revenue including hedging 170.9 206.0 139.02 39.0 Expenses Operating expenses3 46.1 56.6 49.9…
  20. INVESTOR MEETING – Resolute Energy Corp – slide 20
    Pro Forma Margins/Cost Structure ( per Boe) 2007 2008 2009 Q1 2010 Revenues 61.91 72.99 51.211 61.36 Expenses Operating expenses2 16.69 20.06 18.38 20.75 Taxes 7.42 10.42 6.92 9.90 G&A3 2.15 3.29 3.35 3.90 Total expenses 26.26…
  21. INVESTOR MEETING – Resolute Energy Corp – slide 21
    2010 Guidance y 2010 estimated production: 2.7 to 2.8 MMBoe y Daily rate 7,400 to 7,700 Bbl per day y Revenue weighted y Volume weighted y % Oil 86% % Oil 77% y % Oil and NGL 91% % Oil and NGL 84% y Operating and overhead expenses y…
  22. INVESTOR MEETING – Resolute Energy Corp – slide 22
    Resolute Investor Contacts
  23. INVESTOR MEETING – Resolute Energy Corp – slide 23
    Resolute Investor Contacts Theodore Gazulis Senior Vice President and Chief Financial Officer (tgazulisrnrc.net) Nicholas J. Sutton Chief Executive Officer (nsuttonrnrc.net) Corporate Headquarters: 1675 Broadway, Suite 1950 Denver,…
  24. INVESTOR MEETING – Resolute Energy Corp – slide 24
    Conclusion and Q&A
  25. INVESTOR MEETING – Resolute Energy Corp – slide 25
    Appendix A y SEC case economic parameters y Oil 61.18 per Bbl (NYMEX) y Gas 3.87 per MMBtu (Henry Hub) y Strip case economic parameters Oil Gas /Bbl /MMBtu 2010 82.30 5.77 2011 86.13 6.31 2012 87.99 6.48 2013 89.53 6.62…

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