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GHS 100 Energy Conference – Stone Energy Corp.

Stone Energy Corp. · Jun 25, 2014 · 29 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 – Stone Energy Corp. – slide 1
    Strategic Growth Strategic Growth GHS 100 Energy Conference Chicago, Il June 2014 1
  2. GHS 100 Energy Conference – Stone Energy Corp. – slide 2
    1,2 Strategic Growth Strategic Growth Significant Exploration Exposure Impactful Deep Water prospects Production 2 Quick to Market liquids rich Deep Gas prospects 120 Utica Shale potential within existing infrastructure Forecast…
  3. GHS 100 Energy Conference – Stone Energy Corp. – slide 3
    Mission: Top Quartile Return to Shareholders 1 Strategic Growth as of June 2014 1 Year Average 3 Year Stock Performance 5 Year Stock Performance 2014 2012 2014 CAGR% 2010 2014 CAGR% -50.0% 0.0% 50.0% 100.0% -40.0% -20.0% 0.0% 20.0%…
  4. GHS 100 Energy Conference – Stone Energy Corp. – slide 4
    Strategic Growth Growth Areas Contributing 1 Activity Update Deep Water Successful Discovery at Amethyst Success at Cardona, Cardona South Appalachia Accelerated Cardona Development Project 90,000 acres Morgantown Evaluate…
  5. GHS 100 Energy Conference – Stone Energy Corp. – slide 5
    Strategic Growth Major Capital Projects for 2014 825 Million 10% 3% 12% 18% 26% 58% 70% Deep Water Business Development Data & Capture 3% Marcellus Shale Exploration Conventional Shelf Development Deep Gas Capital by Focus…
  6. GHS 100 Energy Conference – Stone Energy Corp. – slide 6
    1 5 Year Plan: Deep Water Strategic Growth 2014 Goals Drill and Complete Cardona Wells Commission and Start-up Cardona Wells Commence Amberjack Platform Drill Program Sanction Amethyst Development Evaluate Rig Market for…
  7. GHS 100 Energy Conference – Stone Energy Corp. – slide 7
    Infrastructure Leverage Strategic Growth Pompano Platform Capacity (current) 60,000 bopd (4,000 bopd) 200 mmcfpd (20 mmcfpd) Carrick Viosca Knoll Mississippi Canyon Amberjack Platform Legend 1 Capacity (current)…
  8. GHS 100 Energy Conference – Stone Energy Corp. – slide 8
    Pompano - MC 29 Cardona/Cardona South Discoveries 1 Strategic Growth 65% Working Interest On line: Est. Jan 2015 Shale Out Salt Cardona TB-9 Cardona Net Pay 96 Ft. Est. EUR Range: 4 - 8 mmboe gross Potential Cardona…
  9. GHS 100 Energy Conference – Stone Energy Corp. – slide 9
    1 Cardona Tieback Development Strategic Growth Pompano Cardona Sand Detector Long Term Operability Future capability and flexibility Multiple flow options Optimize access Cardona South Available Hub 2013 2014 2015 3Q…
  10. GHS 100 Energy Conference – Stone Energy Corp. – slide 10
    1 Amethyst Tieback Development Strategic Growth Operator SGY CRA Flexible Amethyst 100% working interest Line Discovery 90 feet of pay in main zone Pompano Field Est EUR gross 60 240 bcfe MC26 Derbio Est. 40 80 mmcfed…
  11. GHS 100 Energy Conference – Stone Energy Corp. – slide 11
    1,2 Strategic Growth Platform Rig Programs Amberjack Pompano Pompano Platform A-25 ST M Sr. SGY 100% SGY 100% Operator SGY Operator SGY PUD Pliocene A-15 ST2 Brutus M Sand SGY 100% SGY 100% Amplitude Operator SGY…
  12. GHS 100 Energy Conference – Stone Energy Corp. – slide 12
    Strategic Growth Deep Water Exploration Portfolio Legend1 Stone Leases 2014 2015 2016+ 122 Deep Water leases 20 High potential prospects 17 Tie back exploration projects 12 Platform development wells 5 Tie back…
  13. GHS 100 Energy Conference – Stone Energy Corp. – slide 13
    1 Strategic Growth Multi-Year Drilling Inventory Planned Rig Schedule (Subject to change) 1 2014 2015 2016 2017 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr…
  14. GHS 100 Energy Conference – Stone Energy Corp. – slide 14
    1 5 Year Plan: Appalachia Strategic Growth 2014 Goals Drill 30 horizontal Marcellus laterals Complete 30 Marcellus laterals Annualized net production rate 90-100 mmcfe/day Drill, complete and test a Utica Shale well…
  15. GHS 100 Energy Conference – Stone Energy Corp. – slide 15
    Strategic Growth Liquids Rich Marcellus Development Katie Field 1,100 acres 3 producing wells 2 mmcfepd net Christine Field 31,000 acres s Mary Heather Field 5,800 acres 18 producing wells Mary Field 8 pending tie-in…
  16. GHS 100 Energy Conference – Stone Energy Corp. – slide 16
    Dry Gas Utica Shale Update Strategic Growth Rice Bigfoot IP: 42 mmcfed Mary Field Utica Potential Chevron Conner IP: 23 mmcfed 28,500 net acres Gulfport Irons IP: 30 mmcfed High rate offset wells Gastar Simms U-4H Additional…
  17. GHS 100 Energy Conference – Stone Energy Corp. – slide 17
    Pribble 6H Utica Test Well Wetzel Co. WV Strategic Growth 18
  18. GHS 100 Energy Conference – Stone Energy Corp. – slide 18
    Mid-Stream Upgrades Strategic Growth MOUNDSVILLE OAK GROVE FT. BEELER 1 Planned Margin Improvement Projects TEXAS Eastern Pipeline Oak Grove Cryogenic Plant 1st stabilizer June 2014 (in service) De-ethanizer August 2014…
  19. GHS 100 Energy Conference – Stone Energy Corp. – slide 19
    1 5 Year Plan: Deep Gas Strategic Growth 2014 Goals Complete Tom Cat and Commence production Drill 1 - 2 Deep Gas prospects Mature Pumpkin Ridge Yegua prospect Continue to build prospect inventory 1 - Based on Stones…
  20. GHS 100 Energy Conference – Stone Energy Corp. – slide 20
    1 Deep Gas Exploration Strategic Growth 2014 2015 Planned Rig Schedule (Subject to Change) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Prospect…
  21. GHS 100 Energy Conference – Stone Energy Corp. – slide 21
    1 Strategic Growth Conventional Shelf: Harvest Value Divested Onshore Package 1 The capital expenditures in the 5 year plan are subject to Board approval, market conditions and other factors which may impact the actual…
  22. GHS 100 Energy Conference – Stone Energy Corp. – slide 22
    Strategic Growth Balance Sheet Flexibility 1 Market Capitalization 2.5 Billion Enterprise Value 1 3.2 Billion Trailing 12 Month EBITDA 2 611 Million EV/EBITDA 1 5.2x Liquidity: 203 Million in Cash Another 200 Million from…
  23. GHS 100 Energy Conference – Stone Energy Corp. – slide 23
    Strategic Growth Multiple Options to Fund Projects Exploration and Development Projects 2014 Funding Alternatives Deep Water Exploration Cash flow Amethyst, Mica Deep, Harrier, Goodfellow Cash position Deep Water Development…
  24. GHS 100 Energy Conference – Stone Energy Corp. – slide 24
    Stone Energy Investment Thesis Strategic Growth Estimated Capital Expenditures 2 Significant 2014 Exploration Exposure 1400 Deep Water: Amethyst, Mica Deep , Harrier, Goodfellow Base Range High Side 1200 Deep Gas: Tomcat,…
  25. GHS 100 Energy Conference – Stone Energy Corp. – slide 25
    Strategic Growth Appendix 26
  26. GHS 100 Energy Conference – Stone Energy Corp. – slide 26
    1 EBITDA Reconciliation Strategic Growth 12 Months Ending 3/31/14 Net Income 103 Interest expense 31 Income taxes 61 DD&A 358 Accretion& Other 58 EBITDA 611 (In Millions) 1 - EBITDA is defined as net earnings plus…
  27. GHS 100 Energy Conference – Stone Energy Corp. – slide 27
    Strategic Growth Hedging Transactions Oil Natural Gas Daily Volume Daily Volume (Bbl/d) Price (Mmbtu/d) Price 2014 1,000 90.06 Swap Contract 2014 10,000 4.00 Swap Contract 2014 1,000 90.25** Swap Contract 2014 10,000 4.04 Swap…
  28. GHS 100 Energy Conference – Stone Energy Corp. – slide 28
    Strategic Growth Company Contacts Kenneth H. Beer Chief Financial Officer Phone: (337) 521-2210 Fax: (337) 521-2072 CFOStoneEnergy.com Tom Messonnier Director of Strategic Planning Phone: (337) 521-2161 Michael…
  29. GHS 100 Energy Conference – Stone Energy Corp. – slide 29
    Strategic Growth 30

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