Sanchez Energy Corporation Overview (NYSE: SN) Sanchez Energy Corporation is focused on the exploration, acquisition and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast, with a focus on the…
Operating in one of North Americas Premier Basins 140,000 net acres in the black oil and volatile oil windows of the Eagle Ford Shale, one of the fastest growing unconventional resource plays in North America Growth is leveraged to…
Asset Overview 5
Eagle Ford Focused Operator Sanchez Energy Eagle Ford Net Acres: 140,000 Marquis Area Reserves (MMBoe): 36.3 56,300 Net Acres 75% Oil; 12% NGLs Proved PV-10: 734 million Palmetto Area 9,700 Net Acres Maverick Area 28,300…
Palmetto Area Activity 25 Producing Wells 8 Wells Waiting On Completion 2 Rigs Drilling 5 Well, 40 Acre Spacing Pilot: Barnhart 23, 24, 25, C 1 & C 4 Our Palmetto acreage is surrounded by leading operators 7
Palmetto Area Summary Palmetto Area Overview Palmetto Well Economics at 9.5 MM Capex 9,700 net acres with a 50% / 50% area of mutual interest with Marathon 20.0 NPV: 15.5 mm IRR:154% 25 PDP wells with 8 wells waiting on…
Marquis Area Activity Prost Area B 3 B 2 B Unit A Unit C Unit 9 Producing Wells 1 Well Undergoing Completion 3 Well Waiting On Completion 1 Rig Drilling, 2nd rig coming July 1 Non-Op Well Being Drilled D Unit E Unit F Unit…
Marquis Area Summary Marquis Area Overview Marquis Well Economics at 9.5 MM Capex 56,300 net acres (100% W.I. / 100% operated) NPV: 9.1 mm 10.0 9 PDP wells with 1 well undergoing completion, 3 IRR: 69% wells waiting on completion,…
Cotulla Area Operations The Cotulla properties are located in close proximity to existing operations, just south of our Maverick area Enhances the ease of integration of the acquired assets into overall operations Near term focus on…
Cotulla Area Summary Cotulla Area Overview Alexander Ranch Well Economics at 7.5 MM Capex 44,500 net acres (90% W.I. / 100% operated) 6.0 NPV: 5.0 mm Currently 53 producing wells IRR: 41% Alexander Ranch in LaSalle County will be…
Maverick Area Activity 14 Producing Wells 1 Rig Drilling Hauser Lease 6,100 Net Acres Cored Pearsall, will plug back and complete the Eagle Ford Area activity increasing in numerous horizons 13
Maverick Area Summary Maverick Area Overview Maverick Well Economics at 5.5 MM Capex 28,300 net acres (90% W.I. / 100% operated) NPV: 3.9 mm 4.0 IRR: 45% 14 PDP wells including 8 Eagle Ford horizontal NPV: 2.9 mm wells, 4 Eagle…
Financial Highlights 15
2013 Capital Expenditure Plan 2013 Capital Program 2013 Capital Plan (MM) Net Identified Planned Net Drilling (1) Eagle Ford Net Acres Locations Wells Budget W.I. Operator Marquis 56,300 555 18.0 180 100% Cotulla 44,500 400…
Strong Historical Growth with a Conservative Financial Profile We have achieved substantial historical growth financed with equity and internally generated cash flow Prior to January 2013, we did not use any debt financing and we…
Pro Forma Capitalization (MM) Pro Forma (1) As Adjusted (2) 3/31/2013 Adjustments 3/31/2013 Cash and Equivalents 88 243 331 Revolving Credit Facility 96 (96) - Second Lien Term Loan 50 (50) - Senior Unsecured Notes - 400 400…
Operational Summary Average Daily Production (Boe/d) Hedged Volumes Through 2014 25,000 8,000 94.14 100 20,000 - 91.63 91.90 91.90 Cotulla 22,000 SN Standalone 20,000 6,000 15,000 - 6,000 75 Oil Volumes Hedged (Bbl/d)…
Summary Highlights Pure Play Eagle Ford Company With Upside Attractive, Low-Risk Growth Plan Critical Mass for Efficient Operations Positioned to Pursue Accretive Acquisitions Strong Balance Sheet to Execute Growth Strategy…
Appendix 21
Hedge Contracts Daily Volume Commodity Instrument Period (Bbls) Price Oil Put Spread April 1 - December 31, 2013 1,000 Long 95 WTI Put / Short 75 WTI Put Oil Swap April 1 - December 31, 2013 500 97.10 WTI Swap Oil Swap April 1…
SOG Relationship / Board of Directors Relationship with Sanchez Oil & Gas (SOG) SOG is a private, non-asset owning oil and gas management company with approximately 120 employees Master Service Agreement with SOG executed on December…
Non-GAAP Reconciliations Reconciliation Of Net Income (Loss) To Adjusted EBITDA (M) Historical Pro Forma 3 Months 3 Months Year Ended 3 Months 3 Months Year Ended December 31, Ended Ended LTM December 31, Ended Ended LTM 2011 2012…
Explanation Of Non-GAAP Measures Adjusted EBITDA is defined by the Company as net income (loss) plus: (1) interest expense, including realized and unrealized losses on interest rate derivative contracts; (2) income tax expense…
Loading...
