Skip to main content IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp Investor Presentation | Shale Experts
Loading...
Database
Slide Database

IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp

EV Energy Partners Lp · Apr 21, 2015 · 17 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. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 1
    IPAAs Oil & Gas Investment Symposium New York April 21, 2015
  2. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 2
    EVEP Overview Upstream MLP created in September 2006 Experienced General Partner (GP) Ownership EnerVest & Management (76.25%) EnerVest established in 1992 EnCap (23.75%) EnCap established in 1988 48.8 million outstanding units…
  3. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 3
    Relationship with EnerVest EnerVest Private Equity Funds Proved Reserves: 5.2 Tcfe (1) Daily Production: Over 810 Mmcfe (2) Advantages for EVEP Dropdown capability Asset concentration Along-side acquisitions EnerVest P.E.…
  4. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 4
    Long-lived, Diverse Asset Base Total Proved Reserves: 1,001 Bcfe (1) Percent Developed: 84% Percent Gas: 71% Michigan 2014 Avg. Production: 174 Mmcfe/d Proved Reserves: 51 Bcfe Reserve-Life Index: 16 years 2014 Production: 6.4…
  5. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 5
    2014 Proved Reserves Permian 3% Michigan 5% San Juan 5% Central Texas 4% 2014 SEC Proved Reserves: 1,001 Bcfe Monroe 5% Barnett Shale 58% Mid-Continent 6% Appalachia 14% 2014 SEC proved reserves decreased compared to…
  6. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 6
    Action Steps in Lower Commodity Price Environment Sold 9% interest in Cardinal Gas Services (Utica gathering partnership) and certain Eagle Ford formation rights for 194mm in October 2014 Proceeds from sales reduced bank debt and…
  7. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 7
    UEO Sale Announced, Focus on Upstream Acquisitions Signed agreement to sell entire 21% interest in Utica East Ohio (Utica processing and fractionation partnership) for 575mm Purchase price represents 2.0x of invested capital and…
  8. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 8
    Barnett Shale (EVEP 31% Ownership) Top 5 producer (including EnerVest institutional fund ownership) EVEP production: 91 MMcfe/d 69% natural gas, 29% NGL, 2% crude oil 2015 Initiatives 3 rigs moving down to a 1 rig program in…
  9. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 9
    Austin Chalk (EVEP 14% Ownership) EV Chalk Acreage EV Chalk Wells Along with EnerVest Largest Chalk producer 800,000 gross acres HBP Horizontal Chalk drilling temporarily suspended for the remainder of 2015 Participating in 3D…
  10. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 10
    Eagle Ford Update Sold Burleson, Brazos and Eagle Ford Wells Grimes Counties Eagle Ford Permitted formation rights in October Completed 2014 33.8mm net proceeds EVEP retains Eagle Ford rights in Fayette, Lee and Washington…
  11. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 11
    Drilling in the Utica Shale 95% of wells in the Utica have been drilled in the Wet Gas & Dry Gas Windows Black Black Oil VolatileOil Oil Volatile Oil Wet Gas Wet Gas Dry Gas Dry Gas EVEP WI Acreage Black Oil Wells CHK/Total/EV…
  12. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 12
    EVEP Utica Shale Position Acreage position Black Oil Black Oil EnerVest Volatile Oil Lennington 1H - Producing Volatile Oil 173,000 net working interest acres Wet Gas Wet Gas Dry Gas Dry Gas EVEP WI Acreage Overriding royalty…
  13. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 13
    Utica East Ohio (EVEP 21% Ownership) Gather, process and fractionate wet gas from CHK/Total/EV JV production 800 MMcf/d of processing at Kensington and Leesville Processing trains can run 25% above nameplate capacity 135 MBbl/d…
  14. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 14
    2015 Capital Spending Exploration & Production Capital: 55 65 Million Other 3% Mid-Continent 8% Central Texas 10% Barnett Shale 58% Appalachia 21% UEO Capital: 26 32 Million 15
  15. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 15
    Capital Structure ( millions) 12/31/14 Pro Forma* Bank Debt 531 497 Senior Notes Due 2019 500 500 Equity Market Capitalization 826 826 Enterprise Value 1,857 1,823 Note: Equity market capitalization based on unit price at…
  16. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 16
    Commodity Hedging Gas Volume Hedged (MMcf/d) Oil Volume Hedged (Bbl/d) 120,000 4.86 4,000 90.28 100,000 3,000 80,000 60,000 108.8 4.07 2,000 3,500 40,000 90.14 50.0 1,000 20,000 1,000 0 0 2015 2016 2017 2015 2016 201…
  17. IPAA OGIS 2015 NEW YORK – EV Energy Partners Lp – slide 17
    Strategy Going Forward Redeploy UEO sale proceeds in acquisition of long-life, producing properties Continue to manage and enhance base business Focus on D&C and operating cost reductions Further realize value of Utica acreage…

From the store

Browse maps, data & reports in the Shale Experts store