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Howard Weils 41st Annual Energy Conference – Stone Energy Corp.

Stone Energy Corp. · Mar 17, 2013 · 20 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. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 1
    Accelerating 41st Annual Howard Weil Energy Conference New Orleans March 19, 2013 Accelerating 1
  2. Howard Weils 41st Annual Energy Conference – 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. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 3
    3 Year Plan: Deep Water Accelerating Capital Allocation* 600 2013 Goals Range Capex 400 Participate in Malachite exploration prospect million Drill Amethyst exploration prospect 200 Spud Cardona development well 0…
  4. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 4
    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 Cardona…
  5. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 5
    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…
  6. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 6
    Amethyst (MC 26) Accelerating Amethyst Super Tramp Pompano Field Amethyst Salt Operator SGY Oil show Current working interest 100% Oil show Target working interest 60% - 75% Gas show P90/P10 range 8-56 mmboe gross…
  7. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 7
    Cardona (MC 29) Accelerating Operator SGY 65% working interest Projected spud 4q2013 1st production 1q2015 Cardona Expected average IP well rate 6,000 boe/d P90/P10 range 2-18 mmboe gross potential DHC 54 million net Shale Salt…
  8. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 8
    Malachite (MC 258) Accelerating SGY 40% non-op working interest Currently drilling Horn Mountain minibasin Horn Salt Malachite Mountain Mid Miocene objective Cum: 112 mmboe P90/P10 range 4-30 mmboe gross potential High DHC 28…
  9. Howard Weils 41st Annual Energy Conference – 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 Vito Discovery San…
  10. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 10
    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…
  11. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 11
    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…
  12. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 12
    3Year Plan: Appalachia Accelerating Capital Allocation* 300 Range Capex 2013 Goals 200 million Stay focused in liquids rich areas 100 Maintain 1 horizontal rig program 0 Drill 25-30 Mary wells 2011 2012 2013 E 2014 E…
  13. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 13
    Appalachian Reserve Growth Accelerating Appalachia Reserves (bcfe) Drill & Complete Cost ( million) 600 7.0 Gas NGL Oil 500 400 300 6.5 200 100 0 6.0 2010 2011 2012 2013E 2014E 2015E 2010 2011 2012 2013 Est. Preliminary…
  14. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 14
    Significant Gas Option in Appalachia Accelerating Upper Devonian 2013 test at Mary Utica 2014 / 2015 test Ohio West Virginia Christine potential Sea Level Upper Devonian Marcellus Basement Utica Marcellus Utica Upper…
  15. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 15
    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…
  16. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 16
    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: * 280 Million in Cash 400 Million Bank Facility…
  17. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 17
    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…
  18. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 18
    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) 20 * EBITDA is defined as net earnings…
  19. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 19
    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…
  20. Howard Weils 41st Annual Energy Conference – Stone Energy Corp. – slide 20
    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 22

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