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Howard Weil 39th Annual Energy Conference – Stone Energy Corp.

Stone Energy Corp. · Mar 29, 2011 · 25 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 Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 1
    Stone Energy Howard Weil 39th Annual Energy Conference March 2011
  2. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 2
    Mission / Vision Mission 2011 Stock Performance SGY vs. Peer Group The mission of Stone Energy Corporation is to (as of 3/22/11) 1.600 provide our shareholders with exceptional rates of return by helping to meet the worlds growing…
  3. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 3
    Improving Company Statistics 12/31/09 12/31/10 Equity Market Value(1) 793 Million 1.4 Billion Enterprise Value(1)(2) 1.3 Billion 1.9 Billion Trailing 12-month EBITDA(3) 494 Million 448 Million 2011 Sr. Notes 200 Million --- 2014 Sub.…
  4. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 4
    2010 Achievements Grew reserves from 68.5 to 79.0 MMboe (411 to 474 Bcfe) Strengthened the balance sheet, extended maturity Maintained production and cash flow Successful oil development drilling at Amberjack and SS 113 Drilled 15…
  5. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 5
    Strengthening Balance Sheet 1,000 Total Debt (MM) 250 Debt Maturity at 12/31/09 825 800 800 725 650 200 600 575 575 575 525 525 150 400 100 200 50 0 0 12/31/08 3/31/09 6/30/09 9/30/09 12/31/09 3/31/10 6/30/10 9/30/10…
  6. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 6
    Proved Reserves* (As of 12/31/10) All Reserves 42% Oil 58% Gas PUD 24.8 MMboe PDNP 149 Bcfe 31.1 MMboe (Conversion cost 2.46/Mcfe) 186 Bcfe (Conversion cost 1/Mcfe) PDP 23.2 MMboe 139 Bcfe Proved Producing 41% Gas…
  7. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 7
  8. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 8
    Stone Energy Strategy Strategy Leverage high cash flow generated from existing Conventional Shelf GOM assets to: 1. Maintain relatively stable GOM Shelf production, 2. Profitably grow gas reserves and production in price-advantaged…
  9. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 9
    2011 Capital Expenditure Budget 2011E Capital Expenditure Budget GOM Shelf Other P&A/Facilities Appalachia 3% 15% 26% GOM Shelf Recompletions/WO 11% 18% 27% Deep Gas / GOM Shelf Deepwater Exploitation Total: 425 MM…
  10. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 10
    Conventional Shelf Prospect Inventory Top 3 fields Possible 2011 Projects Prospect Inventory Javelina Langtry SS 113 Cut Off Rodeo Bronzeye Producing Pinto Marfa Oriole Buzzjet Jug Pounder Pintail Pinehurst Thunderstick Smokin…
  11. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 11
    Conventional Shelf Amberjack Results Ibix Vili/Elrond Vili Kili NWM Amberjack w/H&P 206 5 Ibix Vili Kili NWM 4 NET MBOE / Day 3 2 1 0 1/1/2010 4/1/2010 7/1/2010 1/1/2011 4/1/2011 7/1/2011…
  12. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 12
    Platform Risk Mitigation Program October 2005 Began well abandonments January 2007 Decommissioning & Abandonment Preparation Program 2005 thru 2011 Abandoned 346 wells Five year forward plan Abandon caissons and idle…
  13. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 13
    Gulf Coast Basin Strategy Shelf Drillwell Categories GOM Opportunity Base Oil Development Growth Areas Drilling Only Deep Gas South Erath Ultra Deep Gas LaPosada Lighthouse Bayou Tomcat 12
  14. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 14
    Deep Gas Drilling Prospect Inventory Lighthouse Bayou Drilling South Erath Drilling LaPosada Tomcat Salamis Trafalger Bronco General Longstreet Uncle Charlie Judge Roy Bean Toucan Potential 2011 Projects…
  15. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 15
    South Erath Prospect 13S 4E South Erath Discovery BG Hulin SGY WI 14% Superior BG Hulin South Erath Discovery Superior LaPosada Prospect SGY WI 33% 14S 4E South Erath Discovery Trahan Sd. 14
  16. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 16
    Regional Depositional Map Lighthouse Bayou South Erath Stone 25% WI Stone 14% WI TD - Summer 2011 Discovery South Erath LaPosada LaPosada Stone 33% WI TD - Fall 2011 Davy Jones Lighthouse Bayou 15
  17. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 17
    GOM Deepwater Prospect Inventory Triton Strategy High working interest Non-Op Participation Develop discoveries Choctaw Sherwood Twenty One Liberator Moore Marauder Jaguarundi Nelson Fiji Deepwater Update Blacktail…
  18. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 18
    Triton Strategy: Develop Discoveries Pyrenees Fiji 74 net pay Pyrenees - initial production 1Q12 Parmer Increased working interest 30% (Puma) Tie back in progress Parmer potential oil development Apache operated Possible…
  19. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 19
    Deepwater Exploration Walker Ridge Green Canyon Floyd SGY W.I. - 16% Mississippi Canyon Walker Ridge Maintain 20% working interest Sherwood SGY W.I. - 100% Floyd Prospect Maintain 16% working interest Marauder SGY W.I. -…
  20. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 20
    Appalachian Basin Marcellus Shale Play 2011 Activity Katie Andie 14,000 acres 28,000 acres Christine Mary 16H 33,000 acres 3H Buddy Heather Projected 18 20 horizontals Frac 14-18 horizontals Production - NE PA.…
  21. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 21
    Appalachian Basin Marcellus Shale Play FWI Supply Line PAD 12: 2 Horizontal Wells: Focus on AVG Length = 4,200 Production / Efficiency Horizontal Wells Spaced 750 Pad Drilling Proposed Pipeline 1 Rig Program Longer Laterals…
  22. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 22
    Rocky Mountain Oil Opportunities D&C in 10 Currently D&C Whitegrass 2011 Plan South Seminoe SGY Well 21
  23. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 23
    Summary Maintain financial flexibility MMboe Rockies GOM Shelf Appalachia 800 - Free cash flow to fund growth projects Deepwater - Focus on GOM oil development drilling Expected continued reserves growth Deep Shelf 700…
  24. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 24
    Appendix - EBITDA Reconciliation (In Millions) For 12 Months Ending, 12/31/10 Net Income 96.4 Interest expense 12.2 Income taxes 56.3 DD&A 248.2 Accretion 34.5 EBITDA 447.6 * EBITDA is defined as net earnings plus interest…
  25. Howard Weil 39th Annual Energy Conference – Stone Energy Corp. – slide 25
    Price Volatility Mitigation Oil Natural Gas Daily Volume Daily Volume (Bbl/d) Price (MBtu/d) Price 2011 1,000 70.05 Swap Contract 10,000** 4.565 Swap Contract 2011 1,000 78.20 Swap Contract 20,000 5.20 Swap Contract 2011 1,000…

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