Overview of Sabine Oil & Gas LLC Company Overview1 North Texas 64,000 net acres Formed in 2007, Sabine is a privatelyheld natural gas and 400 Drilling locations Primary Targets: Granite Wash, oil company owned by First Reserve and…
Sabines Focus on Liquids Growth in 2013 Sabines 2013 Capital program is focused almost entirely on oil and liquidsrich projects. This will serve to significantly balance out the production stream in 2013 and 2014. FY12 production was…
Company Evolution Sabine has successfully completed its initial goal to build a large, repeatable inventory of attractive Haynesville and Cotton Valley drilling opportunities on its East Texas properties The Company is making…
Robust Pipeline of Opportunity Sabines inventory is comprised of lowrisk development opportunities spanning various geographies and commodity mixes, and also has significant exploration upside. Early Stage Exploration Late Stage…
Established Premier Operator East Texas Operations Sabine has become a leading operator in the decadesold East Texas Basin just 5 years after entry. The Company will apply this proven ability to grow and operational excellence to…
East Texas: Haynesville Overview Commentary Three of Sabines most recent Haynesville wells are the Porter Deep, Furrh Deep and Werner 2H Porter Deep: 10+ BCF EUR; 20% ROR at 4 gas Furrh Deep: 9+ BCF EUR; 26% ROR (4) Porter Deep…
East Texas: Cotton Valley Overview Commentary Moore 4H Sabine has focused recent East Texas activity on the March, 2011 8.7 MMCFD IP30 liquidsrich Cotton Valley Produces attractive economics in the current pricing environment…
Eagle Ford Shale Overview Commentary Sabine currently holds approximately 24,000 net acres in the Sabine Olsovsky 1H Eagle Ford Shale in the gas condensate and oil windows (assumes March, 2013 all JVs earned as planned; currently…
Eagle Ford Shale: JV 1 Commentary JV 1 was a farmin and was fully earned in Sept 12 23,000 gross (16,400 net) acres Olsovsky 1H March, 2013 Cypress - Bigham Sabine carried the JV partner for 25% in two On flowback wells to earn…
Eagle Ford Shale: JV 2 Commentary JV 2 was a four well farmin with the same operator as JV 1; Sabine expects to have the block fully earned in Q2 or early Q3 2013 Sabine carries JV partner for 50% on four wells to earn position…
Eagle Ford Shale: Sugarkane Commentary 2,300 net acres in the EFS core Acreage block is HBP DEWITT Positioned for optimized full field development: pad drilling, shared lease roads, central facilities, etc. 40+ well locations…
Anadarko Basin Overview Commentary Panhandle assets were acquired from TLP in December 2012 TLP Brainard 26-2H TLP Wolf Creek 161-1H They include approximately 359 Mboe Est. EUR 6-month payout 341 Mboe Est. EUR 11-month…
Operational and Financial Statistics Three Months Ended For the Year Ended December 31, December 31, 2012 2011 2012 2011 Oil, natural gas and NGL sales by product (in thousands): Natural gas 31,407 41,153 113,798 153,255 Oil 9,284…
Capitalization / Liquidity ( in millions, except per unit data) FY2012 In January 2013, Sabine upsized the second lien Cash 6.2 facility from 500MM to 1st Lien Revolving Credit Facility 405.0 650MM, and the borrowing 2nd Lien…
FY12 Summary & 2013 Guidance % Increase / ( in millions, except per unit data) FY2012 2013 Guidance (Decrease) Over 2012 Low High Gas (MMcfe/d) 112.7 112 123 (1%) 9% Oil (bbl/d) 0.9 3.8 4.3 339% 392% NGL (bbl/d) 2.6 5.0 6.0 98%…
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