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MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp

Sanchez Energy Corp · May 7, 2015 · 24 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. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 1
    Results Driven. Manufacturing Focused. Corporate Presentation May 2015 www.sanchezenergycorp.com
  2. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 2
    Sanchez Energy Overview Eagle Ford Shale Market Cap (1) 867 MM (1) Enterprise Value 2,541 MM Net Acreage: 231,000 acres 1P Reserves: 130 MMBoe (2) Current Production: 50,000 Boe/d Positioned to thrive in a period of volatile…
  3. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 3
    Managing Through the Bottom of the Cycle Focused on high-quality, low-cost oil and condensate resource play Eagle Ford Focus High grading drilling program, reducing costs, and realizing higher well performance than initial estimates…
  4. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 4
    Transformational Growth At IPO Today (12/31/11) (3/31/15) Production 609 Boe/d 74x 45,000 Boe/d 6.7 MMBoe 19x 130 MMBoe (1) Proved Reserves 14% PD 46% PD (1) PV-10 152 million 13x 1,923 million LTM Revenue 15 million 45x…
  5. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 5
    Delivering Strong Results Reserves by Category (12/31/14) (1) Production (Boe/d) 150 PD PUD 130 50,000 125 40,000 100 54% 30,000 MMBoe 75 59 20,000 50 58% 10,000 25 21 46% 7 0 82% 42% 86% 30 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q…
  6. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 6
    Revised 2015 Capital Plan: Focus On Liquidity SN has reduced its 2015 capital plan to 600 - 650 million from 1.1 - 1.2 billion in order to preserve liquidity and financial flexibility Focus will be on high rate of return projects while…
  7. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 7
    Full Year 2015 & 2Q15 Guidance Expected 2015 production to range between 42,000 and 46,000 Boe/d, an increase of 38% over 2014 production at the mid-point of guidance, with expected 2Q15 production to also range between 42,000 and…
  8. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 8
    Eagle Ford Shale Position SN Position Summary Net Acres 231,000 Current Production (Boe/d) 50,000 Operated Rigs Non-Operated Rigs Gross Producing Wells 549 Hausser Wycross Alexander Ranch 10 2015 Sanchez…
  9. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 9
    Low Cost Operator With Sustained Cost Reductions Total Cash Operating Cost Including Interest & Preferred Dividends (/Boe) Interest & Preferred Dividends Taxes LOE Cash G&A 45.06 41.46 4.78 4.72 9.37 31.40 30.83 4.53 27.25…
  10. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 10
    Catarina Overview Western Catarina (43,000 net acres) PUD Locations only in Western Catarina 600 Potential drilling locations Eastern 300 Lower Eagle Ford drilling locations Catarina 300 Upper Eagle Ford drilling locations Central…
  11. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 11
    Driving Cost Reductions in Catarina Operational Efficiencies Realized Driving Further Competitive Advantage Catarina drilling efficiency has increased from an Optimized fluids & wellbore design average Spud to TD of 15 days to as low…
  12. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 12
    Western Catarina Well Results Initial Upper Eagle Ford wells in Catarina have continued to exhibit strong performance and have sustained rates above the Lower Eagle Ford Type Curve SN Operated wells average production results are…
  13. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 13
    Vertical Expansion of Catarina Development Upper Eagle Ford 150+ potential Locations Additional potential across ranch Early rates in line with LEF Type Curve Middle Eagle Ford 500+ potential Locations Large Stacked Pay…
  14. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 14
    Completions Optimization Yields Superior Results SN has realized strong production results as compared to offset wells results in Catarina e.g. Piloncillo D20 pad as depicted below was drilled by the previous operator and completed by…
  15. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 15
    Maximizing Utilization of Acreage Use of Extended Reach Laterals and Stacked Development increases recovery per acre in the asset Original Development Plan Current Development Plan Outline indicates Orphaned Acreage Extended…
  16. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 16
    Maximizing Catarina Hydrocarbon Recovery SN Development Plan results in potential for significantly increased Hydrocarbon Recovery Per Acre Overall SN Development Impact Previous Downhole Design Development Plan Impact Potential…
  17. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 17
    Palmetto Overview Acreage & Inventory Palmetto Area Acreage Total Net Acres 9,000 Average Working Interest (1) 50% Average Net Revenue Interest (1) 37% Planned Well Spacing (Acres) 40 Net Identified Drilling Locations (2) 170+…
  18. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 18
    TMS Acreage Position and Activity 69,000 net acre position in the core of the TMS Contiguous blocky acreage with 3+ years of average remaining lease term The Bloomer 2H is currently drilling in Wilkinson County, Mississippi…
  19. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 19
    Conservative Financial Strategy Solid Financial Position and Liquidity to fund future development 645 million liquidity through cash and undrawn revolver facility at 1Q15 No debt maturities until 2019 Continue to maintain a balanced…
  20. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 20
    Capitalization, Credit Facility & Debt Maturity 1Q15 liquidity of 645 million Credit Facility Details (MM) 345 million in cash 700 Borrowing Base 650 550 million borrowing base post asset 600 550 Elected Commitment sale with an…
  21. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 21
    Hedge Strategy 58% of anticipated total 2015 production hedged at the mid-point of production guidance range 135.7 million market to market value of hedges as of 3/31/15 Use a variety of derivatives (swaps, 3-way costless collars,…
  22. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 22
    Summary Investment Highlights Operational and financial flexibility to thrive in an uncertain commodity price environment 2015 capital plan fully funded without need to drawn on unused credit facility Ability to preserve SNs strong…
  23. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 23
    Capitalization Summary Revolving credit facility (due 2019) 550 MM borrowing base with an elected commitment of 300 million and an interest rate of LIBOR + 1.50% - 2.50% Restrictive covenants: Maximum senior secured debt to LTM…
  24. MAY 2015 CORPORATE PRESENTATION – Sanchez Energy Corp – slide 24
    Hedge Summary As Of 5/7/15 Daily Volume Commodity Instrument Period (Bbls / MMBtu) Average Price Oil Swaps April 1 - December 31, 2015 14,000 73.23 WTI Swap Oil Swaps January 1 - December 31, 2016 7,000 70.11 WTI Swap Oil Puts…

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