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September 2013 Corporate Presentation – Sanchez Energy Corp

Sanchez Energy Corp · Sep 18, 2013 · 30 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. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 1
    Corporate Presentation September 2013 1 2013 Sanchez Energy Corporation
  2. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 2
    Sanchez Energy Corporation Overview Eagle Ford Shale Position Sanchez Energy Overview Onshore Gulf Coast oil resource focus with a core 140,000 net acre position in the Eagle Ford Shale Eagle Ford is now in full scale development…
  3. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 3
    OilWeighted Production & Reserve Growth Average Daily Net Production (Boe/d) (1) Pro Forma Proved Reserve Growth (MMBoe) (2) 20,000 17,000 60.0 - 54 15,000 PD PUD 50.0 16,000 12,000 43 - 11,000 40.0 12,000 Average Boe/d…
  4. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 4
    2013 & Preliminary 2014 Capital Plan 2013 & Preliminary 2014 Capital Plan 2013 Operating Capital Plan (MM) Preliminary 2014 Operating Capital Plan (MM) Gross % of Gross % of Full Year Net Wells Net Wells Operating Full Year Net Wells…
  5. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 5
    The Eagle Ford Shale Core Focus Area Pro Forma SN Position Summary (1) Net Acres 140,000 Proved Reserves (MMBoe) 54 % Liquids 88% Current Production (Boe/d) 15,500+ Drilling Rigs 8 Producing Wells 147 Pending Wycross…
  6. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 6
    Wycross Acquisition Overview Consideration & Asset Overview Wycross Acquisition Acreage Position Total Consideration (MM) 220 30 Day IP Well Well Name (Boe/d) Current Production (Boe/d) 2,000 1 Cobra 1H 920 Estimated Proved Reserves…
  7. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 7
    Marquis Acreage & Inventory Sanchez Energy Marquis Area Acreage Position Total Net Acres 69,000 Marquis (Prost) Average Working Interest 100% Recent 10,300 Net 30 Day IP's From Average Net Revenue Interest 75% Acre 5 Mile Creek 11…
  8. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 8
    Palmetto Acreage & Inventory Sanchez Energy Palmetto Area Acreage Position Total Net Acres 9,700 Palmetto Average Working Interest 50% 30 Day IP's From Average Net Revenue Interest 37% 25 Wells (Boe/d) Current Well Spacing (Acres)…
  9. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 9
    Cotulla Maverick Acreage & Inventory Sanchez Energy Cotulla Maverick Area Acreage Position Total Net Acres 59,000 Average Working Interest 90% Average Net Revenue Interest 66% Current Well Spacing (Acres) 60 (1) Net Identified Drilling…
  10. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 10
    Development Efficiencies Pad Drilling Efficiencies Down-Spaced Wells We have experienced cost reductions with the transition to pad drilling across all of our assets Key Drivers: Location costs reduced and spread over more wells…
  11. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 11
    Operational Efficiencies Drive Improving Cash Margins Our growing production and operational improvements have resulted in our cash margins per Boe increasing from 38.51 to 62.49 since our IPO in December of 2011 Key Drivers: Focus on…
  12. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 12
    Industry Leading Cash Margins Oil driven production 77% of production is crude oil (89% including NGLs) Premium pricing 93% of oil is sold on LLS pricing Low transportation costs over 50% of oil sold into pipelines; multiple connection…
  13. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 13
    Tuscaloosa Marine Shale 14 2013 Sanchez Energy Corporation
  14. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 14
    Tuscaloosa Marine Shale Transaction TMS Transaction Overview Eagle Ford to TMS Trend Sanchez Energy acquired 40,000 net acres in the core of the TMS and becomes 50/50 joint venture partner with Sanchez Resources Contiguous blocky…
  15. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 15
    TMS Acreage Position Sanchez Energys 40,000 net acres in the core of the play are surrounded by an increasing number of well results from Encana and Goodrich with IPs of 1,000+ Boe/d Sanchez Energy Acreage (Yellow) & Offset Operator…
  16. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 16
    TMS Well Results The table below highlights TMS wells put on production within the past 20 months and is ordered from newest vintage wells to oldest wells Well results in the TMS have been improving over the past two years with a…
  17. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 17
    Financial Overview 18 2013 Sanchez Energy Corporation
  18. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 18
    Pro Forma Cap. Table & Liquidity Pro Forma Capitalization Table & Liquidity As of Pro Forma Sanchez Energy has 362 (1) 6/30/2013 Adjustments 6/30/2013 million in cash and 175 Cash and Equivalents 252 110 362 million available on…
  19. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 19
    Summary Investment Considerations Rapidly Growing Base of Proved Reserves & Production 140,000 Net Acres in the Eagle Ford with 1,700+ Net Identified Drilling Locations 2013 & 2014 Preliminary Capital Plans Create Significant…
  20. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 20
    Appendix 21 2013 Sanchez Energy Corporation
  21. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 21
    Additional Upside South Texas Stratigraphic Column Our South Texas acreage is also Maverick East prospective for the Austin Chalk, Buda Limestone, and Pearsall Shale formations Olmos/San Miguel L. Wilcox/Midway Potential Several…
  22. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 22
    Marquis Area Type Curve & Economics Marquis Area Type Curves and Well Economics 550 MBoe EUR 9.0 MM Capex 1,200 Oil Price ( / Bbl) 80.00 90.00 100.00 NPV-10 (MM) 4.9 6.8 8.8 IRR 38% 53% 71% 1,000 Payout (Years) 2.0 1.6 1.3…
  23. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 23
    Palmetto Area Type Curve & Economics Palmetto Area Type Curves and Well Economics 750 MBoe EUR 9.0 MM Capex 1,500 Oil Price ( / Bbl) 80.00 90.00 100.00 NPV-10 (MM) 9.4 12.0 14.6 IRR 86% 117% 154% 1,250 Payout (Years) 1.1 0.9 0.8…
  24. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 24
    Wycross Area Type Curve & Economics Wycross Area Type Curves and Well Economics 550 MBoe EUR 8.0 MM Capex 1,200 Oil Price ( / Bbl) 80.00 90.00 100.00 NPV-10 (MM) 5.9 7.9 9.8 IRR 53% 75% 100% 1,000 Payout (Years) 1.5 1.2 0.9…
  25. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 25
    Cotulla Area Type Curve & Economics Cotulla Alexander Ranch Area Type Curves and Well Economics 500 MBoe EUR 7.5 MM Capex 900 Oil Price ( / Bbl) 80.00 90.00 100.00 NPV-10 (MM) 2.3 3.8 5.3 IRR 24% 34% 46% 750 Payout (Years) 2.9…
  26. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 26
    TMS Area Type Curve & Economics TMS Area Single Well Economics TMS Area Development Well Economics 800 MBoe EUR 15.0 MM Capex 800 MBoe EUR 10.0 MM Capex Oil Price ( / Bbl) 80.00 90.00 100.00 Oil Price ( / Bbl) 80.00 90.00 100.00…
  27. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 27
    Hedge Summary & Philosophy We maintain an active hedging program to help support capital spending, protect cash flow, and ensure strong financial coverage metrics We have historically been limited by our bank credit facility to hedging…
  28. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 28
    Perpetual Convertible Preferred Summary Terms SNs Convertible Preferred Issues Have Many Important Equity-Like Features Both the Series A and Series B Convertible Preferred issues have the following key equity-like features, which…
  29. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 29
    Existing Senior Notes Summary Terms Issuer Sanchez Energy Corporation Issue 600 million Senior Unsecured Notes Guarantors Any and all direct and indirect restricted subsidiaries of SN (to the extent permitted by law) Ranking Pari…
  30. September 2013 Corporate Presentation – Sanchez Energy Corp – slide 30
    NonGAAP Reconciliations Reconciliation Of PV-10 To Standardized Measure (MM) As of 6/30/13 PV-10 846 Present Value Of Future Income Taxes Expenses Discounted at 10% (177) Standardized Measure 669 Explanation of NonGAAP Measures…

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