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

EPL Oil & Gas, Inc. · Jun 11, 2013 · 31 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 London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 1
    OIL GROWTH VALUE ENERCOMS LONDON OIL & GAS CONFERENCE June 2013
  2. Enercoms London 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 London 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 London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 4
    Impressive Year-Over-Year Growth 21% Increase in Production 96% of Revenue from Crude Oil 28% Increase in EBITDAX 53% Increase in Adj. Net Income 54% Stock Price Appreciation 5
  5. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 5
    2013 - Compelling Outlook 80% Oil by Production 71% Annual Oil Production Increase 75% Increase in EBITDAX 30% Increase in Capex 62% of Oil Production Hedged All figures estimated based on the midpoint of Company…
  6. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 6
    Not Your Typical GOM Company
  7. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 7
    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 Storm Downtime Significant…
  8. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 8
    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*…
  9. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 9
    Abundant Free Cash Flow Operating Within Cash Flow Capital spend on exploration & development will remain well within cash flow Free cash flow from assets allows EPL to further grow liquidity Fully identified 300Mm Budget 200…
  10. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 10
    Protecting Free Cash Flow Hedges Allow FCF in Any Environment Evergreen hedge program to protect cash flow 62% of 2013 production hedged w/ majority 106/Bbl Brent swaps 100 oil generates 700 million in revenue 100 oil…
  11. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 11
    Not Your Typical GOM Company
  12. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 12
    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…
  13. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 13
    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:…
  14. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 14
    Exploit Recently Acquired Assets Underdeveloped Asset Base with High Impact Potential Recent Hilcorp Acquisition Summary Proved Assets were non-core to seller Reserves (Mmboe) PV-10 (Mm) Net Developed Producing Acreage (M) wells…
  15. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 15
    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…
  16. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 16
    EPLs Growth Portfolio 1P 77 MMBOE 2P: 2P: 16 MMBOE Booked 16 MMBOE excludes Hilcorp + In historical field pays TBD Hilcorp Multi-year inventory + 50+ MMBOE Drilling Inventory 3P: Just below Field Pays 3P 12,000 20,000…
  17. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 17
    1P Reserves Repeatable Development Programs w/ Reserve Add Exposure Multiple Pay Horizons Combined 1P asset base has over 292 identified locations 257 behind pipe, 35 PUD Technical teams expanding locations Unique, core legacy…
  18. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 18
    2P Reserves Booked Reserves and Upside Potential Hilcorp Acquisition (Under Review) Inventory 50+ MMBOE Legacy 16 MMBOE PUDs roll off to 2P New undrilled opportunities in Performance adds field pays 19
  19. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 19
    2P Inventory Prospect Inventory 50+ MMBOE Project Inventory by Area Other* 7% Hilcorp Core Legacy 24% Core 69% Inventory Reserves by Area Legacy Core Hilcorp Core Other* 10% 50+ MMBOE Inventory Resources Legacy 2P…
  20. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 20
    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:…
  21. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 21
    Not Your Typical GOM Company
  22. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 22
    A Case for Owning EPL Balancing Your Portfolio 9.0 EPL trades at a significant discount to: 7.7 Oil shale players 8.0 Natural gas shale players 7.0 6.6 2013 TEV / EBITDA 6.0 EPL offers investors significant upside 5.0…
  23. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 23
    Cash Margins Outperforming Peers Highest cash margin Highest realized oil price 19.4 17.4 3.8 5.3 16.6 3.8 14.7 63.4 4.1 56.8 46.4 32.1 Production from Oil 74.5% 68.1% 50.1% 42.0% Oil Revenue /Bbl 108.88 105.68…
  24. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 24
    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…
  25. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 25
    Why Invest in EPL Large, captured asset base of low- risk, repeatable oily assets Self-funded growth plan Majority of 2013 Capex program allocated toward low-risk, oil development Strong balance sheet Unmatched technical…
  26. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 26
    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…
  27. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 27
    Appendix
  28. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 28
    Strong Management & Professional Team Highly Experienced & Scalable Organization Gary Hanna President & CEO David Cedro T. J. Thom Mac Jensen Andre Broussard Chad Williams SVP, SVP, SVP, SVP, SVP, Chief Accounting Chief…
  29. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 29
    2013 Guidance ESTIMATED PRODUCTION & SWAP HEDGE VOLUMES Net Production (per day) 2Q 2013 Full Year 2013 Oil, including NGLs (Bbls) 17,000 - 18,000 17,000 - 18,500 Natural gas (Mcf) 27,000 - 33,000 24,000 - 30,000 Boe 21,500 - 23,500…
  30. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 30
    Hedging Summary WTI SWAPS BRENT SWAPS BRENT COLLARS TOTAL OIL HEDGED NATURAL GAS SWAPS Daily Monthly Swap Daily Monthly Swap Daily Monthly Daily Daily Monthly S wap Volume Volume Level Volume Volume Level Volume Volume Volume Monthly…
  31. Enercoms London Oil and Gas Conference – EPL Oil & Gas, Inc. – slide 31
    Not Your Typical GOM Company Principal Corporate Office Investor Relations Contact: 201 St. Charles Ave., Suite 3400 T.J. Thom New Orleans, LA 70170 Phone: (504) 799-1902 Phone: (504) 569-1875 Email: tthomeplweb.com Houston…

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