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Global Hunter Securities 100 Energy Conference – Stone Energy Corp.

Stone Energy Corp. · Jun 24, 2012 · 23 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. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 1
    Forward Momentum Stone Energy GHS 100 Energy Conference
  2. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 2
    Company Statistics Equity Market Value(1) 1.2 Billion Enterprise Value(1)(2) 1.8 Billion Trailing 12-month EBITDA(3) 661 Million 2014 Sub. Notes 200 Million 2017 Sr. Notes 375 Million 2017 Sr. Convertible Notes (Face Value) 300…
  3. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 3
    Mission / Vision Mission 2012 Stock Performance SGY vs. Peer Group (as of 6/6/12) 1.700 To provide exceptional returns to our shareholders by finding and producing oil and natural gas reserves that help meet the 1.500 worlds…
  4. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 4
    Financial Statistics High margin businesses Protecting future cash flow Prefunding 3 year plan 300 MM Convertible Notes, 1 % coupon Oil * Gas Total Issued March 2012, Maturity 2017 2012 55% 22% 39% Approximate - Convertible…
  5. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 5
    Proved Reserves (As of 12/31/11) 100 MMboe (602 Bcfe) Proved Developed PDNP Non-Producing 32.5 MMboe Proved 195 Bcfe Developed Producing 27.6 MMboe PUD 165 Bcfe 40.3 MMboe 242 Bcf Proved Developed Producing All Reserves…
  6. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 6
    Recent Highlights 2011 Grew reserves 2nd year in a row Acquired 75% WI in Pompano oil field (Hub & 30 blocks Miss. Canyon) 2 Deep Rich Gas discoveries (La Cantera & S. Erath) Liquids rich Marcellus production (Mary Field) 7…
  7. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 7
    Stone Energy Strategy Strategy: Leverage free cash flow to: 1. Maintain stable Gulf Coast oil production and cash flow 2. Profitably grow oil reserves and production in material impact areas 3. Profitably grow gas reserves and…
  8. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 8
    2012 Capital Expenditure Budget 2012E Capital Expenditure Budget 625 MM Facilities and Recompletions P&A 27 Horizontal and Workovers Liquids rich wells 10% 8% 30% Gulf of Appalachia 8 Oil wells Mexico Shelf 16% Deep Gas…
  9. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 9
    Conventional Gulf Coast Strategy: Maintain stable Gulf Coast oil production and generate free cash flow Planned 2012 Drilling Weeks Island Possible 2013-14 Drilling Additional Inventory Forge Pinto Hula Popper Magnum Popper…
  10. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 10
    Conventional Gulf Coast Highlights Rig Schedule Highlights Relatively stable oil production 8 well oil development drilling (5 at SS 113 Field) Finish idle platform well abandonment program Streamlined internal permitting…
  11. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 11
    Potential Development MC 109 (Amberjack) 7 well successful program 2009-2010 Future Potential Targets Expect new rig program 2013-2014 10,000 Gross Boe/d MC 109 8,000 6,000 4,000 2,000 Wellwork Wedge Drill Wedge…
  12. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 12
    Deep Gas Strategy: Grow liquids rich gas reserves and production through exploration Lighthouse South Erath 2 Planned 2012 Drilling Bayou Onshore Projects Possible 2013-14 Drilling Additional Inventory Trafalger La Cantera/La…
  13. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 13
    Deep Gas Highlights La Cantera 2 La Cantera 1 SGY WI 35% Highlights La Cantera: (34.5% WI) 1 - First well producing; 27MMcf/d, 1500Bc/d - Second well encouraging 2 Possible 4Q12 production South Erath Discovery: (16% WI) - First…
  14. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 14
    Deep Water GOM Strategy: Acquire projects with near-term production, appraise discoveries and participate in large scale exploration prospects Pompano Producing Deep Water Properties Planned 2012 Drilling Twenty One Possible…
  15. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 15
    Deep Water Appraisal & Exploration Gross Prospective Resource Potential Parmer (35% WI) 10 210 MMboe 3 penetrations, 500 feet pay 8 pay zones encountered Promoted dry hole cost One new well and a sidetrack Possible subsea tieback…
  16. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 16
    Pompano Development & Exploration Potential Prospects 211 Pompano Area Exploration Assets Summary of Acquisitions (BP & Anadarko) 23 exploration blocks Acquired 22 MMboe proved, 10.00/Boe; 83% Oil SGY 75%, BP 25% current…
  17. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 17
    Pompano Drilling Plans Prospective resource Opportunities potential: 1-1.5 MMboe Return to Production Recompletions Platform Sidetracks Development Drilling New Wells Floating Rig Development Drilling Amethyst Prospective…
  18. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 18
    Appalachian Basin Marcellus Shale Play Strategy: Profitably grow liquids rich gas reserves and rate Appalachian Overview 80,000 Net Acres 12,000 net acres Proved Reserves = 170 BCFE Net Production Rate 43 MMcfe/d Katie Andie/Josie…
  19. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 19
    Economic Sensitivities (Liquids Rich Marcellus) Liquid Rich Area Type Curve* Marcellus Shale Type Well - Gas Price Sensitivity* 5.0 (Liquids Rich Area) Type Well IP = 3.8 MMcf/d, 1260 Btu Factor at wellhead 4.5 10.00 Type Well EUR =…
  20. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 20
    Appalachia 2012 Efficiencies Operational Efficiency Metrics: 2010 2011 2012Est Drilling Avg. Well Lateral Length, ft 3640 4460 5123 Drilling Avg. Spacing b/n Laterals, ft 1000 750 750 Completions Avg. Frac Stages per day 1.4 2.1 2.8…
  21. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 21
    SGY Compelling Opportunity (MMboe) Current Valuation * 250 EV / EBITDA 3.0x 79 Reserves per share 2.1 Boe per share Net Debt per Boe 7 per Boe Production (1Q12) 55% liquids 200 Reserve Life 7 years *Approximation As of 3/31/12,…
  22. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 22
    Appendix - EBITDA Reconciliation (In Millions) 12 Months Ending 3/31/12 Net Income 206.0 Interest expense 11.9 Income taxes 115.0 DD&A 297.0 Accretion 31.3 EBITDA 661.2 * EBITDA is defined as net earnings plus interest…
  23. Global Hunter Securities 100 Energy Conference – Stone Energy Corp. – slide 23
    Enterprise Risk Mitigation Commodity Prices Oil Natural Gas Daily Volume Daily Volume (Bbl/d) Price (MBtu/d) Price 2012 1,000 90.30 Swap Contract 2012 10,000 5.035 Swap Contract 2012 1,000 90.41 Swap Contract 2012 10,000 5.04 Swap…

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