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JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc

SRC Energy Inc · Oct 4, 2012 · 18 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. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 1
    NYSE MKT: SYRG Corporate Presentation 4TH ANNUAL ENERGY CONFERENCE October 2012
  2. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 2
    Introductions Key Senior Executives Companys Management has Owned/Operated 300+ D-J Basin Wells in the Last 30+ years. Key Corporate Executives Edward Holloway, President, Chief Executive Officer, Director 25+ Years of Oil and Gas…
  3. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 3
    Introductions - Board of Directors Edward Holloway William Scaff, Jr. Director June 2008 Director June 2008 Raymond McElhaney* Bill Conrad* Director May 2005 Director May 2005 R.W. Bud Noffsinger, III* George Seward Director…
  4. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 4
    Company Overview Independent operator in the exploration and production of crude oil and natural gas focusing in the Denver-Julesburg Basin Identify opportunities, acquire acreage, drill and develop producing wells by leveraging…
  5. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 5
    Highlights Snapshot Rapidly Growing For the nine months ended May 31, 2012, average daily BOE Production production increased 167% compared to 2011. Over 400 net Wattenberg low-risk drilling locations on 20 acre spacing.…
  6. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 6
    Strengths of the Wattenberg Field Efficient use of capital Build reserves and cash flow to fund future drilling Significant upside potential from multiple pay zones and horizontal wells targeting the Niobrara, Codell & Greenhorn…
  7. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 7
    112 Vertical Wells Drilled by Synergy Resources TK Farms Wells- Sec.36, T7N, R66W- 5 wells producing Northridge Wells- Sec.4, T5N, R66W- 6 wells producing Wiedeman Wells-Sec.32, T6N, R66W- 4 wells producing Meyer Wells- Sec.21, T5N,…
  8. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 8
    Largest Producers in the Wattenberg and D-J Basin Anadarko Petroleum (NYSE:APC) Market Cap 34.36B Believes the play has net resources potential of 500 million to 1.5 billion BOE; believes it has 1,200 2,700 future drilling locations…
  9. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 9
    Leased Acreage Northern D-J Basin 12,757 net (high liquids) Chase County, NE 48,321 net (oily) Hayes County, NE 34,315 net (oily) Hitchcock County, NE 2,492 net (oily) Dundy County, NE Wattenberg Field, CO 23,751 net…
  10. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 10
    Nebraska Acreage Multiple Stacked Play Own 112,251 net acres in Nebraska that is highly prospective for Upper Pennsylvanian, Cherokee and Multiple Stacked Play Mississippian Lime Historical production from vertical wells Multiple…
  11. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 11
    New Technology The use of pad drilling and new technologies leads to improved drilling efficiencies, increased production, reduced costs and mitigated environmental impact, and allows for multiple wells from one site targeting the…
  12. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 12
    Vertical Well Strategy Production Per Zone Per Vertical Well* 200 Barrels of Oil Equivalent Per Day 180 J-Sand 160 Codell * Example is shown for illustrative purposes only 140 Niobrara and does not represent 120 Comingled…
  13. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 13
    Financial Profile and Recent Developments FINANCIAL PROFILE: NYSE Amex: SYRG (metrics in millions except per share statistics; as of 09/2612) 52 Week Stock Price Range: 2.20 - 3.75 Dec 30, 2011 Share Price As Of September 26, 2012:…
  14. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 14
    Revenue Growth Per Quarter 8,000,000 7,000,000 Revenue Mix for MRQ: Oil = 84% 6,000,000 Gas = 9% 5,000,000 *NGLs = 7% 4,000,000 3,000,000 2,000,000 1,000,000 - 3Q May 4Q Aug 1Q Nov 2Q Feb 2011 3Q May 4Q Aug 1Q Nov…
  15. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 15
    EBITDA Growth Per Quarter Quarterly Revenue & Adj. EBITDA ( Millions) 77% EBITDA Margin 7.5M Revenues EBITDA 6.2M 4.5M 5.8M 3.4M 4.4M 3.1M 2.8M 2.0M 2.2M 1.4M 1.6M 1.4M 0.9M 1Q-10 2Q-11 3Q-11 4Q-11 1Q-11 2Q-12 3Q…
  16. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 16
    Acreage & Well Growth SYRG Total Gross/Net Wells 250 212 Gross/Net Wells 200 189 172 165 154 141 132 142 150 124 116 89 100 89 56 46 50 25 36 33 40 11 9 17 4 0 2Q/Feb 3Q/May 4Q/Aug 1Q/Nov 2Q/Feb 3Q/May 4Q/Aug 1Q/Nov…
  17. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 17
    1P Reserve Growth by Year (PV-10) 140,000,000 Total 1P PV-10 = 122,576,027 120,000,000 6 mos. ended 2/29/12 Mid Year Reserve Report 100,000,000 80,000,000 Total 1P PV-10 = 71,757,843 PUD PDNP 60,000,000 PDP…
  18. JOHNSON RICE AND COMPANY'S 4TH ANNUAL ENERGY CONFERENCE – SRC Energy Inc – slide 18
    Summary The management team has a well-defined and clear plan for creating shareholder value which includes: Continuing to expand our acreage footprint through leases and acquisitions Utilizing an aggressive drilling program in…

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