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December 2013 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Dec 5, 2013 · 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. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION December 2013
  2. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    TSX: CPG 2013 Exit Production: 124,000 boe/d (90% oil weighted)(1) 2014 Exit Production: 135,000 boe/d (90% oil weighted)(2) Netback: 51.25/boe(3) Yield: 7.2%(4) Annual Dividend: 2.76/share Payout Ratio: 53%(2)(5) Market Capitalization:…
  3. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    2014 CAPITAL PROGRAM FOCUS Building on the successes of technology advances 25-stage cemented liner completions in the Bakken and Shaunavon plays Improved production performance Lower decline rates Unconventional Resource Play…
  4. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    2014 CAPITAL PROGRAM SUMMARY 1.75 billion capital expenditures program 126,500 boe/d annual average production rate (6% increase over 2013 guidance) 135,000 boe/d exit production rate (9% increase over 2013 exit…
  5. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    BAKKEN, SHAUNAVON & UINTA BASIN CAPITAL FOCUS 2014 Capital Budget Net Capital (MM) Net Wells Drilling, completions and production optimization Viewfield Bakken & Flat Lake 667 263 Shaunavon 340 142 Uinta Basin 127 53 Other 286…
  6. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    BUSINESS STRATEGY Develop and exploit Increase recovery factors through infill drilling, waterflood optimization and improved technology Acquire Focus on high-quality, large resource-in-place pools with production and reserves…
  7. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    FOCUSED RESERVE BASE Key Value Highlights: 25-stage cemented liner completion technique being further refined in the Bakken and Shaunavon resource plays; lowering declines and reducing water consumption by up to 45% per well…
  8. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    VIEWFIELD BAKKEN OIL RESOURCE PLAY 1,935 locations in drilling inventory(1) 1,000 additional locations from infill drilling(1) 4.6 billion barrels OOIP with only 2.3% recovered to date(2) 2,300 gross wells on production, 125…
  9. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    SHAUNAVON OIL RESOURCE PLAY 1,875 locations in drilling inventory(1) 1,000 additional drilling locations through infill drilling(1) 4.3 billion bbls OOIP with 0.8% recovered to date(2) Approximately 600 gross wells on production, 24…
  10. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    UINTA BASIN OIL RESOURCE PLAY Uinta Basin future drilling locations Crescent Point Lands Randlett Vertical Type Well Economics(5): 1,000 locations identified on Crescent Point Production (bbl/d) Production (bbl/d)…
  11. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    11 YEARS OF RESERVES GROWTH 2012 Proved(1) P+P(1) 650 Reserves Reserves 600 550 (P+P MMboe) Oil & NGLs 366.5 557.1 500 (MMbbls) 450 Natural Gas 400 203.1 310.4 (bcf) 350 300 Boe (MMboe) 400.4 608.8 250 200 150 13.2 year…
  12. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    LARGE OIL IN PLACE Possible Reserves(3) Independent Analog Pools (Net Incremental to OOIP (1) Recovery Recovery Recovery P+P Reserves Play (Mmbbls) to Date Factor P+P (2) Factor Mmbbls) Bakken 4,600 2.3% 9.4% 19.0% 213.6 Shaunavon…
  13. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    LOW RISK/HIGH RETURN INVENTORY Total Capital(1) Total Reserves(2) Production Rate Risked F&D Risked per Area Net Wells (MM) (Mboe) (boe/d) (3) (/boe) Producing Boe(3) Resource Plays Bakken 2,835 10,079 449,748 540,250 22.41 18,656…
  14. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    2014 PRODUCTION GUIDANCE 130,000 Production 120,000 Oil & NGLs (bbls/d) 115,000 (Boe/d) 110,000 100,000 90,000 Gas (mcf/d) 69,000 80,000 70,000 60,000 TOTAL (boe/d 6:1) 126,500 50,000 40,000 30,000 20,000 Forecast exit of…
  15. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    HEDGING STRATEGY Oil Hedges 70,000 80% 72% 56% 60,000 70% 60% Provide greater 50,000 40,000 50% stability to dividends bbl/day 26% 40% 30,000 18% 30% 20,000 20% 10,000 2% 10% Over 60,000 bbl/d of 0 Q4 13 Q1 14 Q2 14…
  16. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    2014 FUNDS FLOW FORECAST Funds Flow 2,400 Funds Flow Funds Flow: 2.1 billion(1) 2,200 (MM) 2,000 (5.24/share) 1,800 1,600 Dividend: 1.1 billion 1,400 (2.76/share) 1,200 1,000 2014 Capital: 1.75 billion 800 600 400 Operations…
  17. December 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    SUMMARY Proven management team Proven track record of reserves, production and cash flow growth 5-year weighted average F&D of 17.34/boe(1) Excellent balance sheet 3-year hedging program to provide cash flow stability Balance sheet…

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