S a n c h e z E n e rg y C o r p o r a t i o n Corporate Presentation May 2013
Transaction Overview SN is acquiring operated assets (Cotulla) with high working interests in 43,000 net acres in the black oil, volatile oil, and rich gas condensate windows of the Eagle Ford trend in Dimmit, Frio, LaSalle, and Zavala…
Transformational Transaction Pro Forma Sanchez Energy (1) SN Pro Forma Marquis Area 137,329 Net Acres 56,345 Net Acres 34.6 MMBoe 80% Oil Palmetto Area 9,695 Net Acres Maverick Area 28,289 Net Acres Cotulla Area…
Pro Forma Reserves and Production Overview SN Standalone Proved Reserves (1) Pro Forma SN Proved Reserves (1) PD 18% PUD 82% PD 30% PUD 70% 21.2 MMBoe (86% Oil) 34.6 MMBoe (80% Oil) Estimated Pro Forma Exit Rate Production…
Pure Play Eagle Ford Operator SN offers significant direct exposure to the Eagle Ford oil shale; more heavily weighted than any other public company on an enterprise value basis Net Eagle Ford Acres / Enterprise Value (1) 175…
Sanchez Energy Overview (Standalone) 8
Summary Highlights Sanchez Energy Today 94,000 net acres in oil portion of the Eagle Ford Shale, one of the fastest growing plays in North America Pure Play Eagle Ford Low risk drilling opportunities in Atascosa, Fayette, Frio,…
Sanchez Energy Corporation Overview (NYSE: SN) Company Overview Financial and Operational Summary Sanchez Energy Corporation is an independent E&P company Financial Summary focused on the exploration, acquisition, and development of…
Eagle Ford Overview 11
Palmetto Area 12
Palmetto Area Palmetto Area Overview 9,700 net acres in Gonzales County with a 50% / 50% area of mutual interest with Marathon 25 PDP wells with four wells waiting on completion and two rigs batch drilling wells on large multi well…
Palmetto Area Activity 25 Producing Wells 4 Wells Waiting On Completion 2 Rigs Drilling 5 Well, 40 Acre Spacing Pilot: Barnhart 23, 24, 25, C 1 & C 4 14
Marquis Area 15
Marquis Area Marquis Area Overview 56,300 net acres (100% W.I. / 100% operated) 51,300 net acres in Fayette and Lavaca Counties plus 5,000 net acres in Atascosa, DeWitt, and Webb Counties Nine PDP wells with one well undergoing…
Marquis Area Activity Prost Area B 3 B 2 9 Producing Wells B Unit A Unit C Unit 1 Well Undergoing Completion 1 Well Waiting On Completion 1 Rig Drilling D Unit E Unit F Unit Sante A 1H Penn Virginia 17
Maverick Area 18
Maverick Area Maverick Area Overview 28,300 net acres in Zavala and Frio Counties (80% to 100% W.I. / 100% operated) 14 PDP wells including eight Eagle Ford horizontal wells, four Eagle Ford vertical wells, and two wells producing…
Maverick Area Activity 14 Producing Wells Hauser Lease 6,100 Net Acres 20
Investment Highlights Pure Play Eagle Ford Company Successful De-Risking Underway Attractive, Low-Risk Growth Plan Additional Upside Positioned to Pursue Accretive Acquisitions Critical Mass for Efficient Operations…
Appendix 25
Standalone Cotulla Area Reserves and Estimated Production Summary Proved Reserves (1) Proved Reserves Commodity Mix (1) PDBP 2% PDP 47% Oil 70% Gas 30% PUD 51% Proved Reserves (1) Oil Gas Total Reserve Category (MMBbl)…
Non-GAAP Reconciliations Reconciliation Of Net Income (Loss) To Adjusted EBITDA (M) 3 Months 3 Months Ended Ended LTM 2010 2011 2012 3/31/12 3/31/13 3/31/13 Net Income (Loss) (2,758) 1,968 (16,295) (3,044) (74) (13,325) Less:…
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…
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