Alta Mesa Holdings, LP IPAA Oil & Gas Investment Symposium New York April 2015
Alta Mesa Overview Repeatable Development of Large High Quality Resources Sooner Trend STACK(1) 45,000 +/- net acre position held by production Weeks Island Field Area (1) 70 Alta Mesa horizontal wells to date Meramec, Oswego, Hunton…
2015 CAPEX under Base Plan Focus on Core Goals while Conserving Liquidity CAPEX by Major Areas, MM Planned Drilling & Recompletion CAPEX by Field (MM) 90 Capital Allocation 2015 capital budget 145 million 80 Sooner Trend 80%…
Operating Efficiency & Profitable Growth Production Proved Reserves PV-10(1) (MBOE/d) ( in Millions) (2) EBITDAX Proved Reserves PV-10 (MM) (1) Proved Reserves (MMBOE) (1) ( in Millions) 1,418 MM 57 MMBOE (2) (3) (1)…
Consistently Effective Hedging Disciplined Price Risk Management Protects Future Revenues, Preserves Asset Option Value Commodity Price Risk Management AMH actively manages price risk for expected future production to minimize impact…
Price Risk Management Continual Process Active Management Protects Portfolio Average volumes hedged with future-year contracts (as of beginning of prompt year) YE2009 YE2010 YE2011 YE2012 YE2013 YE2014 (Prompt Year 2010) (Prompt Year…
Hedge Book Provides Balance Sheet Durability Significant Oil and Gas Downside Protection in 2015 Projected impact to cash flow from settlement of derivative contracts ( in MMs) Oil Prices 40 50 60 70 80 90 1Q 2015 15.8 12.5 9.1 5.4…
Core Asset Operations & Opportunities
Karnes County Eagle Ford Acreage position in the core of the Eagle Ford Overview (1)(2)(3)(4) Karnes Acreage Position Proved Reserves 7.7 MMBOE PV10 (MM) 250 % Proved Developed 33% R/P 6.81x February 15 Production 3,107 BOEPD %…
Future Eagle Ford Development Significant Upside in Downspacing and Operational Efficiencies Future Development Dove Pad Upper / Lower EFS Wine Rack Test 40-acre proved reserves development 4 additional 20-acre Upper EFS staggered…
Weeks Island Area Multi-discipline application of modern technology and sound operations Overview (1)(2)(3) Consistent Value Realization and Growth in Proved Reserves 8.8 MMBOE PV10 (MM) 392 % Proved Developed 61% 20 R/P 5.1x…
High Quality Assets, Significant Upside Progressive multi-year drilling inventory Successive generations of seismic tools Definition and development of undrained fault blocks and updip (attic) oil Weeks Island best practices apply…
Sooner Trend STACK Horizontal development of stacked pays = step change in reserves and production Overview (1)(2)(3) Stacked Pay Development Potential(4) Proved Reserves 28.2 MMBOE PV10 (MM) 636 % Proved Developed 44% R/P 10.8x…
Sooner Trend STACK Meramec, Oswego, Woodford, and Hunton Focus, with Potential for Several Other Pay Zones Sooner Trend Highlights Robust, redundant, and expandable infrastructure Meramec section of Mississippian siliceous,…
Completion Optimization Drives EUR Growth Continued refinement of frac design, spacing in 40 operated wells First Generation Design + Fewer Frac Stages: Less Effective Second Generation Design + More Frac Stages: Much More…
Sooner Trend Completion Progression Creating Best Practices Meramec Time-Normalized Average BOE/Day Meramec EUR, Peak 30-Day Rate 1000 700 700 600 600 Next 26 wells Reflects several shut-ins during offset well fracs 500…
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