Accelerating Jefferies 2013 Global Energy Conference Houston, TX November 2013 Accelerating We are purposefully driven to provide top quartile share price performance and exceptional rates of return for our shareholders as we…
Growing, Balanced, Diversified E&P Company Accelerating Market Capitalization 1.4 Billion Enterprise Value 2.2 Billion EBITDA (Trailing 12 months)* 658 Million Morgantown Appalachia Cash 243 Million Undrawn Credit Facility **…
Strategy and Results: Diversified, Growing Reserves Accelerating Explore in areas with material impact to oil production Invest in price advantaged, condensate rich gas basins Limit reinvestment in Conventional Shelf to oil…
Strategy Results: Stock Performance vs. Peer Group Accelerating 120% 1 Year Average October 11, 2013 First Quartile Second Quartile Third Quartile Fourth Quartile 100% 80% 60% 3 Year Stock Performance October 11, 2013 YTD…
Updated 2013 Capital Program Accelerating Allocation Considerations: Deep Gas Maximize projected stock price Conventional Shelf 3% Deep Water 24% Maximize net present value 39% Grow cash flow Appalachia Liquids driven…
Financing Options and Statistics Accelerating Exploration and Development Funding Status Cash 243 mm Done Credit Facility 400 mm Available Shelf Non Core Property Proceeds Process Occurring Dilute Working Interest After Discovery…
5 Year Plan: GOM Deep Water Accelerating 7
GOM Deep Water: Drilling Program Ramping Up Planned Rig Schedule 2013 2014 Accelerating 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q SGY Operated Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec…
GOM Deep Water: Pompano Amberjack Corridor Accelerating Legend Producing or HBP Primary Term 2013 2014 2015+ Carrick Current rate: 10,000 boepd net 16 Exploitation well portfolio 17 Exploration well portfolio 60,000…
GOM Deepwater: Pompano Tie Back Development Accelerating Operator SGY 65% working interest Projected first well spud 1q 2014 Estimated rate 6,000 boepd per well * Cardona 1st production target 1q 2015 2-18 mmboe gross per well *…
GOM Deep Water: Pompano Tieback Development Accelerating Pompano Cardona Sand Detector Long Term Operability Future capability and flexibility Multiple flow options Optimize access Cardona South Available Hub 2013 2014…
GOM Deepwater: Pompano Platform Development Accelerating Operator SGY 100% working interest Projected spud 1q 2015 Estimated well rates 4,600 boepd * Cardona 1st production target 2q 2015 5-17 mmboe gross per well * 45 million…
GOM Deepwater: Near Term Exploration Drilling Accelerating San Marcos Mica Deep Salt SGY 50% SGY 25% Operator XOM Operator APA 10 - 100 mmboe gross 10 - 100 mmboe gross * Possible spud late 2013 Currently drilling Offsets…
GOM Deep Water: Potential Exploration Drilling Accelerating Phinisi Derbio SGY 20% SGY 100% Operator ENI Operator SGY Salt 24 - 260 mmboe gross * 10 - 66 mmboe gross Between St. Malo, Jack Awarded offset lease DHC 32 mm net * DHC…
5 Year Plan: Gulf Coast Liquids Rich Gas Accelerating 15
Gulf Coast Liquids Rich Gas: Exploration 2013-2014 Accelerating A Tom Cat A Shallow Field South Erath Thunder Bayou Prospect 1.2 TCF, 20 mmbo M-2 Moss 1 A Tom Cat BHL Loc La Montana Prospect La Cantera Broussard 1ST Broussard…
5 Year Plan: Appalachia Liquids Rich Gas Accelerating 17
5 Year Plan: Appalachia Upside and Valuation Ohio West Virginia Accelerating Sea Level Moundsville Plant Upper Devonian Ft. Beeler Plant Katie/Andie Marcellus Christine 11,000 net acres 31,000 net acres Utica Mary/Heather…
Accelerating 19
5 Year Plan: Potential Project Investment List * Accelerating 2013 2014 2015 2016 2017 SS113 Coracle 1 SS113 Well 2 Well Program 2 Well Program 2 Well Program SS 113 Tail Dancer Conventional ST 100 Hammerlock 2-4 Well Drill Program…
Accelerating 21
Appendix EBITDA Reconciliation Accelerating 12 Months Ending 9/30/13 Net Income 160 Interest expense 36 Income taxes 90 DD&A 339 Accretion 33 EBITDA 658 (In Millions) 23 * EBITDA is defined as net earnings plus…
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