Strategic Growth Strategic Growth Capital One Southcoast Conference New Orleans, La. December 2014 1
1 Growth Areas Contributing Strategic Growth Activity Update Deep Water Cardona Production Online Amethyst Long Lead Items Ordered Appalachia Multi Year Deep Water Rig Contract Appalachia Morgantown 92,000 acres Drill over 35…
Success Drives 2014 Capital Budget Strategic Growth 1 895 Million Drilling Successes and Exploration Amethyst success and long leads Capital by Focus Area Cardona success and acceleration 3% Deep Water Marcellus efficiency…
Strategic Growth Liquidity Funding Available: 1 307 Million Cash Equity Offering Non-core Asset Sales 500 Million Bank Facility Undrawn 2 886 Million in Revenue Hedged (2014-2016) Joint ventures and Farm-in agreements Public…
2015 Capital Flexibility Strategic Growth Capital Levers Impact Delay Amberjack platform program Capital reduction, 2016 rate impact Marcellus drilling timeout Capital reduction, Utica transition Reduce deep gas and shelf…
5 Year Plan: Deep Water Strategic Growth 2014 Cardona No. 4 and Cardona No. 5 wells Cardona subsea tieback on production November Amethyst sanctioned, long lead items ordered Executed multi-year rig contract Madison…
1 Development Projects Increasing Production Strategic Growth Deep water production could double by 2016 Cardona Nos. 4 & 5 online Pompano rig projected late 2015 Amberjack rig projected 2016 Cardona Nos. 6 & 7 projected…
1 Cardona Development Project Strategic Growth Shale Out Cardona No. 4 Drilled and completed Cardona Salt Online 4Q2014 Expected gross rate 6,000 boepd 4 EUR 4-8 mmboe Cardona No. 5 Drilled and completed Online 4Q2014…
Deep Water Platform Rig Programs Strategic Growth Pompano Platform A-25 ST M Sr. SGY 100% Operator SGY SGY 100% Brutus PUD Pliocene A-15 ST2 Operator SGY M Sand SGY 100% SGY 100% Amplitude Operator SGY Operator SGY E-2/E-3…
1 Amethyst Development Project Strategic Growth Amethyst Discovery 100% working interest Pompano Field Est EUR gross 60 - 240 bcfe MC26 Derbio Liquids 40 to 60 bbls per mmcf MC72 Est. 40 - 80 mmcfed rate potential…
Deep Water Exploration Portfolio Strategic Growth Legend 1 2015-17 Prospect 112 Deep Water leases Lafayette New Orleans Houston 20 High potential prospects Carrick 17 Tie back exploration projects Amethyst Mica Deep/ST…
1 Strategic Growth Deep Water Prospects and Rig Schedule 2014-2017 Planned Rig Schedule (Subject to change) 2014 2015 2016 2017 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q SGY Operated Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept…
Strategic Growth 5 Year Plan: Appalachia 2014 Complete 34 Marcellus laterals Christine Field 31,000 acres Drill over 35 horizontal Marcellus laterals s Annualized net production rate 100 mmcfed Drilled, completed and tested…
Appalachia Mid-Stream and Marketing Strategic Growth MOUNDSVILLE OAK GROVE FT. BEELER Firm sales agreements 130 mmbtupd through October 2015 M2 sales point TEXAS Eastern Pipeline M2 Sales Point Firm transportation on Williams…
Utica Exploration: Mary Field Pribble No. 6H Well Strategic Growth Rice Bigfoot IP: 42 mmcfd Mary Field Utica Potential Chevron Conner IP: 23 mmcfd 28,500 net acres Gulfport Irons IP: 30 mmcfd High rate offset wells Existing…
1, 2 Strategic Growth Deep Gas/Conventional Shelf La Cantera Producing 2014 2015 70 mmcfed gross 2016 Pumpkin Ridge South Erath 2 SGY 100% SGY 15% Cayenne Deep Gas 44 - 865 bcfe gross 28 - 173 bcfe gross SGY 50% 1 to 3 gross…
Stone Energy Investment Thesis Strategic Growth Significant 2014 Exploration Exposure 1 Estimated Capital Expenditures Deep Water: Amethyst, Mica Deep , Madison 1200 Range Capital 1000 Deep Gas: Tomcat, South Erath 2…
Strategic Growth Appendix 19
Key Statistics Strategic Growth 12 Months Ending 9/30/14 Net Income 3 Market Capitalization 2 850 Million Enterprise Value 2 1.6 Billion Interest expense 35 1 Trailing 12 Month EBITDA 498 Million Income taxes 6 EV/EBITDA 2…