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October 2013 Corporate Presentation – Sanchez Energy Corp

Sanchez Energy Corp · Oct 10, 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. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 1
    Corporate Presentation October 2013 1 2013 Sanchez Energy Corporation
  2. October 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 140,000 net acre position in the Eagle Ford Shale Eagle Ford is now in full scale development mode…
  3. October 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. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 4
    Capital Expenditures Focused on the Eagle Ford 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…
  5. October 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) 16,000+ Drilling Rigs 8 Producing Wells 147 Pending Wycross…
  6. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 6
    Wycross Acquisition Overview Consideration & Asset Overview Wycross Acquisition Acreage Position Total Consideration (MM) 220 Current Production (Boe/d) 2,000 30 Day IP Estimated Proved Reserves (MMBoe) 11 Well Well Name (Boe/d) 1 Cobra…
  7. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 7
    Marquis Acreage & Inventory Sanchez Energy Marquis Area Acreage Position Total Net Acres 69,000 Average Working Interest 100% Marquis (Prost) Average Net Revenue Interest 75% Five Mile Creek 30 Day IP's From Current Well Spacing (Acres)…
  8. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 8
    Palmetto Acreage & Inventory Sanchez Energy Palmetto Area Acreage Position Total Net Acres 9,700 Average Working Interest 50% Palmetto Average Net Revenue Interest 37% 30 Day IP's From Current Well Spacing (Acres) 60 25 Wells (Boe/d)…
  9. October 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. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 10
    Operated Production Results 40,000 (1) Type Curve Garza B 1H Garza B 3H JLH LIC E 6H JLH LIC F 7H JLH LIC G 8H Liberatore Ranch B 2H Garza Ranch B 2H 35,000 30,000 Gross Cumulative Oil (bbls) 25,000 20,000 15,000…
  11. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 11
    Development Efficiencies Pad Drilling Efficiencies Down-Spaced Wells We have experienced cost reductions with the move to pad drilling across all of our assets Key Drivers: Location costs spread over multiple wells Reduction in rig…
  12. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 12
    Recent Drilling Performance Drill Days Fewer Drilling Days Alexander Ranch wells have seen a decrease of 6 days (23%) from spud to rig release over the past 25 quarter 20 15 Key improvements 10 Focus on drilling operations and…
  13. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 13
    Operational Efficiencies Improving Cash Margins Our production and operational focus has increased our cash margins from 38.50 to 62.50 per Boe (24/Boe or 62%), since our IPO in December of 2011 Key Drivers: Focus on operational…
  14. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 14
    Industry Leading Cash Margins Oil driven production 76% of production is crude oil (89% including NGLs) Premium pricing 93% of oil is sold on LLS pricing Low transportation costs - 50% of oil sold into pipelines; multiple sales…
  15. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 15
    Tuscaloosa Marine Shale 16 2013 Sanchez Energy Corporation
  16. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 16
    Tuscaloosa Marine Shale TMS Transaction Overview Eagle Ford to TMS Trend Sanchez Energy acquired 40,000 net acres in the core of the TMS and is in a 50/50 joint venture in an AMI with Sanchez Resources that currently covers…
  17. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 17
    TMS Acreage Position Sanchez Energys 40,000 net acres in the core of the play are surrounded by an increasing number of well results with IPs of 1,000+ Boe/d from Encana and Goodrich Sanchez Energy Acreage (Yellow) & Offset Operator…
  18. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 18
    Financial Overview 19 2013 Sanchez Energy Corporation
  19. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 19
    Strong Liquidity After Recent Financings Pro Forma Capitalization Table & Liquidity (MM) As of Pro Forma Current pro forma liquidity (1) 6/30/2013 Adjustments 6/30/2013 of 537 million after recent Cash and Equivalents 252 110 362…
  20. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 20
    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…
  21. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 21
    Summary Investment Considerations Rapidly Growing Base of Production and Proved Reserves 140,000 Net Acres in the Eagle Ford with 1,700+ Net Identified Locations Eagle Ford Shale Down-spacing Further Expands High Quality…
  22. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 22
    Appendix 23 2013 Sanchez Energy Corporation
  23. October 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. October 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. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 25
    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…
  26. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 26
    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…
  27. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 27
    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…
  28. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 28
    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…
  29. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 29
    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…
  30. October 2013 Corporate Presentation – Sanchez Energy Corp – slide 30
    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…

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