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IPAA April 2013 OGIS – Stone Energy Corp.

Stone Energy Corp. · Apr 15, 2013 · 23 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 April 2013 OGIS – Stone Energy Corp. – slide 1
    Accelerating IPAA Oil & Gas Investment Symposium New York April 2013 Accelerating 1
  2. IPAA April 2013 OGIS – Stone Energy Corp. – slide 2
    Strategy Accelerating 2013 Capital Allocation Explore in areas which can provide a material impact to oil reserves (38%) Appalachia Conv Shelf 31% 25% Invest in price advantaged, condensate rich gas basins (37%) Deepwater…
  3. IPAA April 2013 OGIS – Stone Energy Corp. – slide 3
    Strategy Impact Accelerating Proved Reserves 2012 Proved Reserves 2009 Conventional Shelf 18% Deep Water Marcellus 21% 44% Conventional Shelf 79% Deep Water 34% 69 mmboe 129 mmboe Oil/NGL - 48% Oil/NGL - 49% Gas -…
  4. IPAA April 2013 OGIS – Stone Energy Corp. – slide 4
    3 Year Plan: Deep Water Accelerating Capital Allocation* 600 2013 Goals Range Capex 400 Drill Amethyst exploration prospect million Spud Cardona development well 200 Participate in 1-2 additional exploration wells 0…
  5. IPAA April 2013 OGIS – Stone Energy Corp. – slide 5
    Deepwater Activity Ramping Up Accelerating Planned Rig Schedule 2013 2014 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q SGY Operated Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Amethyst Pompano…
  6. IPAA April 2013 OGIS – Stone Energy Corp. – slide 6
    Greater Pompano Amberjack Area Accelerating Legend Producing or HBP Primary Term 2013 2014 2015+ Carrick Current rate: 10,000 boe/d net 16 Exploitation well portfoliio 18 Exploration well portfolio Over 50,000 bbl/d…
  7. IPAA April 2013 OGIS – Stone Energy Corp. – slide 7
    Amethyst (MC 26) Accelerating Amethyst Super Tramp Water Depth: 1,200 Pompano Field Amethyst Salt Operator SGY Oil show Current working interest 100% Oil show Target working interest 60% - 75% Gas show P90/P10 range…
  8. IPAA April 2013 OGIS – Stone Energy Corp. – slide 8
    Cardona (MC 29) Accelerating Operator SGY 65% working interest Projected spud 4q2013 Cardona 1st production 1q2015 Expected average IP well rate 6,000 boe/d P90/P10 range 2-18 mmboe gross potential DHC 54 million net (est) Shale…
  9. IPAA April 2013 OGIS – Stone Energy Corp. – slide 9
    San Marcos (MC 983) Accelerating SGY 25% non-op working interest Vito structural analog Mid Miocene and Lower Miocene objectives P90/P10 range 10-100 mmboe gross potential San Marcos DHC 31 million net (est) Vito Discovery San…
  10. IPAA April 2013 OGIS – Stone Energy Corp. – slide 10
    Phinisi (WR 719) Accelerating Phinisi SGY 20% working interest DHC 32 MM net (est) Wilcox sands objective On trend with St. Malo, Jack, Stones, Chinook Salt Phinisi WD: 6,838 St. Malo Phinisi 29,000 MD Salt 29,000…
  11. IPAA April 2013 OGIS – Stone Energy Corp. – slide 11
    3 Year Plan ConocoPhillips JV S h e r w o o d (SGY Pre JV WI 100%, Post WI 40%) Accelerating Water depth= 730 TVD = 22,075 P10 = 178 MMboe gross P90 = 12 MMboe gross DHC= 150 MM gross M a r a u d e r (SGY Pre JV WI 100%, Post WI…
  12. IPAA April 2013 OGIS – Stone Energy Corp. – slide 12
    3Year Plan: Deep Liquid Rich Gas Accelerating Capital Allocation* 80 Range Capex 60 2013 Goals million 40 Drill and produce the third La Cantera well 20 Spud the La Montana exploration prospect 0 Drill the Tom Cat…
  13. IPAA April 2013 OGIS – Stone Energy Corp. – slide 13
    LaCantera Analog Prospects Accelerating Lafayette South Erath S. Erath Deep Prospect SGY 16% WI Moss 1 SGY 35% WI La Cantera Weeks Bay Thunder Bayou Prospect La Cantera Discovery SGY 35% working interest La Cantera La…
  14. IPAA April 2013 OGIS – Stone Energy Corp. – slide 14
    Tom Cat (WC 176) Accelerating 4 way closure below 1 TCF field Tom Cat Deeper Operc A target Current working interest 100% A P90/P10 range 30-260 bcfe gross potential DHC 38 million gross A Tom Cat A BHL Loc Shallow Field…
  15. IPAA April 2013 OGIS – Stone Energy Corp. – slide 15
    3Year Plan: Appalachia Accelerating 2013 Goals Capital Allocation* 300 Stay focused in liquids rich areas Range Capex Maintain 1 horizontal rig program 200 million Drill 25-30 Mary wells 100 Grow reserves and production…
  16. IPAA April 2013 OGIS – Stone Energy Corp. – slide 16
    Appalachian Reserve Growth Accelerating Katie/Andie Christine 11,000 net acres 31,000 net acres Ohio West Virginia Mary/Heather Sea Level 39,000 net acres Buddy 6,000 net acres Williams Pipeline Rupture Upper Devonian…
  17. IPAA April 2013 OGIS – Stone Energy Corp. – slide 17
    3Year Plan: Conventional GOM Shelf Accelerating Capital Allocation* 200 Range Range Capex 2013 Goals 150 million 100 Drill 4-6 oil development wells Execute 12-16 recompletions 50 Mitigate oil production decline 0…
  18. IPAA April 2013 OGIS – Stone Energy Corp. – slide 18
    Balance Sheet Enables 3 Year Plan Accelerating Market Capitalization 1.0 Billion Enterprise Value 1.7 Billion Trailing 12 Month EBITDA * 642 Million EV/EBITDA 2.6x Liquidity: * 260 Million in Cash 400 Million Bank Facility…
  19. IPAA April 2013 OGIS – Stone Energy Corp. – slide 19
    Summary Capital Allocation* Accelerating 1200 Highside Range 1000 Capex 800 Near-Term Deep Water Exploration million 600 Cardona Tie-Back Development Project 400 200 Pompano Platform Development Program 0 2011 2012…
  20. IPAA April 2013 OGIS – Stone Energy Corp. – slide 20
    Appendix EBITDA Reconciliation Accelerating 12 Months Ending 12/31/12 Net Income 149.4 Interest expense 30.4 Income taxes 84.6 DD&A 344.4 Accretion 33.3 EBITDA 642.1 (In Millions) 21 * EBITDA is defined as net earnings…
  21. IPAA April 2013 OGIS – Stone Energy Corp. – slide 21
    Hedging Transactions Accelerating Oil Natural Gas Daily Volume Daily Volume (Bbl/d) Price (Mmbtu/d) Price 2013 1,000 92.80 Swap Contract 2013 2013 2,000 94.05* Swap Contract 10,000 4.00 Swap Contract 2013 1,000 94.45 Swap Contract…
  22. IPAA April 2013 OGIS – Stone Energy Corp. – slide 22
    Contacts Accelerating 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 Fax: (337) 521-2072 23
  23. IPAA April 2013 OGIS – Stone Energy Corp. – slide 23
    Accelerating 24

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