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Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc.

EPL Oil & Gas, Inc. · Aug 16, 2013 · 28 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. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 1
    OIL GROWTH VALUE ENERCOMS THE OIL & GAS CONFERENCE 18 August 2013
  2. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 2
    Company Overview At a Glance Oil Value Play Long Lived Oil Core Acreage Growth Driven Portfolio Louisiana Balanced Growth Strategy MP Complex WD 29 Field Stock Currently Undervalued South Timbalier Area Market Data SM 239 Area…
  3. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 3
    We Are The Premium Long-Term Play A Targeted Approach Prime Real Estate Focused Acquire & in the Heart of Exploit Strategy - the Basin An Unparalleled Track Record Unmatched Technical Operational Expertise To Exploit…
  4. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 4
    2013 - Compelling Outlook 77% Oil by Production 76% Annual Oil Production Increase 84% Increase in EBITDAX 43% Increase in Capex 61% of Oil Production Hedged All figures estimated based on the midpoint of Company…
  5. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 5
    Not Your Typical GOM Company
  6. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 6
    Acquire & Grow Oil Organically Achieved Oil Growth by Acquiring Assets and Executing Successful Organic Programs Dec 2012 Exit Rate Organic Growth Predominately from ASOP and Legacy Assets Bopd Storm Downtime…
  7. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 7
    Grow to Increase Opportunity Set 77.4 MM Organic Growth 187% Reserve 9.9 MM Replacement 37.1MM Organic Growth 100% Reserve 4.7 MM Replacement 27.4 MM Acquisition 35.7 MM Organic Growth 1.2 MM Acquisition 9.4 Base* Base*…
  8. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 8
    Abundant Free Cash Flow Operating Within Cash Flow Capital spend on exploration & 600 500 to development will remain well within 550 cash flow 500 Free cash flow from assets allows 400 EPL to further grow liquidity 330 300…
  9. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 9
    Protecting Free Cash Flow Hedges Allow FCF in Any Environment Evergreen hedge program to protect 800 FCF Total Oil & Gas Revenue cash flow 675 700 700 650 625 600 61% of 2013 production hedged w/ 600 majority 106/Bbl Brent…
  10. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 10
    Not Your Typical GOM Company
  11. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 11
    Accelerating Growth Align the Value with Grow the Asset the Asset Position for Grow organically Continue organic growth through the drill-bit Growth using state-of-the-art Acquire reprocessing techniques Begin strategic…
  12. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 12
    Organic Development Drives Success Rapid Reserve Growth (MMBoe) Efficient exploiter of acquired assets Total: 27.0 Tripled reserves in < 2 years Probable 7.2 Acquired assets for 238 million 2012 1P SEC PV-10 681 million Total:…
  13. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 13
    Growth Potential on the Shelf Why Now Before Today Shallow Pay Drilled many shallow New exploration effort is wells but bypassed underway on GOM Shelf productive sands- Significant resources exist concentrated on just below field…
  14. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 14
    EPLs Growth Portfolio 1P 77 MMBOE 2P: 2P: 16 MMBOE Booked 16 MMBOE excludes Hilcorp + In historical field pays TBD Hilcorp Multi-year inventory + 65+ MMBOE Drilling Inventory 3P: Just below Field Pays 3P 12,000 20,000…
  15. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 15
    1P Reserves Repeatable Development Programs w/ Reserve Add Exposure Multiple Pay Horizons 1P asset base has over 292 identified locations 257 behind pipe, 35 PUD Technical teams expanding locations Unique, core legacy assets Huge…
  16. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 16
    2P Reserves Booked Reserves and Upside Potential Hilcorp Acquisition (Under Review) Inventory 65+ MMBOE Legacy 16 MMBOE PUDs roll off to 2P New undrilled opportunities in Performance adds field pays 17
  17. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 17
    2P Inventory Prospect Inventory 65+ MMBOE Project Inventory by Area Other 15% Legacy Hilcorp Core Core 48% 37% Inventory Reserves by Area Legacy Core Hilcorp Core Other 6% Legacy 65+ MMBOE Inventory Resources Core…
  18. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 18
    3P Program Building for Future Growth Over the Next 3-5 Years Regional Framework Inventory Build Execution 2012 2013 Plan Forward Hire Regional Expert Prospect Identification using Continue Inventory Build: Seismic Acquisition:…
  19. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 19
    Not Your Typical GOM Company
  20. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 20
    A Case for Owning EPL Balancing Your Portfolio 9.0 EPL trades at a significant discount to: 8.2 Oil shale players 8.0 7.3 Natural gas shale players 7.0 2013 TEV / EBITDA 6.0 EPL offers investors significant upside 5.0…
  21. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 21
    Cash Margins Outperforming Peers Highest cash margin Highest realized oil price 20.5 3.4 23.0 17.5 4.8 3.8 14.9 63.3 3.6 50.3 45.4 33.7 Production from Oil 74.0% 67.2% 49.2% 40.5% Oil Revenue /Bbl 108.42 104.57…
  22. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 22
    Comparison Across Basins % Oil Production 2012 Cash Margins (/boe) 80% 70 60 60% 50 40 40% 30 20% 20 10 0% 0 EPL Peer Avg. Oil Shale Gas Shale EPL Peer Avg. Oil Shale Gas Shale PEERS Shallow GoM OIL SHALE GAS SHALE…
  23. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 23
    Key Takeaways Compelling value proposition: current Value market valuation does not reflect the quality of our assets & organic inventory Oil Captured a large, high-quality oily asset base with low decline curves Technical…
  24. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 24
    Appendix
  25. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 25
    Strong Management & Professional Team Highly Experienced & Scalable Organization Gary Hanna Chairman, President & CEO David Cedro T. J. Thom Mac Jensen Andre Broussard Chad Williams SVP, SVP, SVP, SVP, SVP, Chief Accounting…
  26. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 26
    2013 Guidance ESTIMATED PRODUCTION & SWAP HEDGE VOLUMES Net Production (per day) 3Q 2013 Full Year 2013 Oil, including NGLs (Bbls) 17,500 - 18,500 17,750 - 18,750 Natural gas (Mcf) 30,000 - 36,000 30,000 - 36,000 Boe 22,500 - 24,500…
  27. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 27
    Hedging Summary WTI SWAPS BRENT SWAPS BRENT COLLARS TOTAL OIL HEDGED NATURAL GAS SWAPS Daily Monthly Swap Daily Monthly Swap Daily Monthly Daily Monthly Daily Monthly Swap Volume Volume Level Volume Volume Level Volume Volume Volume…
  28. Enercoms The Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 28
    Not Your Typical GOM Company Principal Corporate Office Investor Relations Contact: Houston Office T.J. Thom 919 Milam, Suite 1600 Phone: (504) 799-1902 Houston, TX 77002 Email: Phone: (713) 228-0711 tthomeplweb.com New Orleans…

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