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MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp.

Goodrich Petroleum Corp. · May 6, 2015 · 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. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 1
    Earnings Call Presentation May 2015 1 Copyright 2015 Goodrich Petroleum Corporation
  2. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 2
    COMPANY PROFILE Proved Reserves PV10 Growth (MM)1 Large core acreage position with 651 68 562,500 gross (392,930 net) acres in Oil & NGL Gas Texas, Louisiana and Mississippi, 452 472 with over 7.1 Tcfe of resource 362 359 99…
  3. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 3
    CORE PROPERTIES Acreage: 562,550 gross (392,900 net) HAYNESVILLE SHALE - CORE Gross (Net) Acres: 31,150 (14,300) Proved Reserves (YE'14): 83 Bcfe Probable/Possible Potential (1): 566 Bcfe Objective: Haynesville Shale (Core)…
  4. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 4
    TUSCALOOSA MARINE SHALE Emerging shale oil play covering approximately 2.5 million acres Low cost basis on 300,000+ net acres Vintage wells define oil saturation and rock quality Depths: 10,500 14,500 TVD Thickness 100 250…
  5. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 5
    TUSCALOOSA MARINE SHALE GDP T. Lewis 7-38H-1 (Completing) GDP Kinchen 58H-1 (Completing) GDP B-Nez 43H-1 (Completing) 9 16 15 14 1 6 GDP B-Nez 43H-2 4 8 (Completing) 5 2 12 3 GDP W Alford 10H1 10 (Completing)…
  6. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 6
    TMS OPTIMIZED WELLS (30) Well Control & Structure Map 500 Contour Currently delineated core (GDP: 150,000 net acres) GDP GDP GDP GDP GDP Crosby CMR Foster Creek CMR C.H. Lewis Nunnery 12H-1 8H -2 8-5H-1 30-19H-1 12-1H-1 Area 1…
  7. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 7
    OPTIMIZED TMS WELLS (30) Optimized Criteria: Lower TMS landing target 5,000+ lateral length 450,000 lbs. proppant per stage (1,500 lbs. per foot) Optimum hybrid slick water frac design Optimized TMS Wells: GDP Crosby 12 H1 GDP…
  8. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 8
    OPTIMIZED WELL PERFORMANCE Area 1 (Core) 9 Copyright 2015 Goodrich Petroleum Corporation
  9. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 9
    OPTIMIZED WELL PERFORMANCE Area 2 (Core) 10 Copyright 2015 Goodrich Petroleum Corporation
  10. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 10
    OPTIMIZED WELL PERFORMANCE Area 3 (Core) 11 Copyright 2015 Goodrich Petroleum Corporation
  11. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 11
    OPTIMIZED WELL PERFORMANCE Area 4 (Non-Core) 12 Copyright 2015 Goodrich Petroleum Corporation
  12. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 12
    TMS TYPE CURVE (600 & 800 MBOE) Optimized Wells (30) 13 Copyright 2015 Goodrich Petroleum Corporation
  13. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 13
    TMS OPTIMIZED COMPOSITE WELL DECLINE CURVE 30 Wells 82.6% NRI, 10.0MM, 65/bbl GDP Type Curves Gross Reserves 700 Mboe 600 Mboe Net Reserves 578 Mboe 496 Mboe F&D Cost (/BOE) 17.30 20.16 IRR 32% 22% NPV (MM) 5.38 3.31 Core…
  14. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 14
    TMS AVERAGE DRILL TIME BY QUARTER 15 Copyright 2015 Goodrich Petroleum Corporation
  15. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 15
    COST BREAKDOWN 2014 2015 2015 6,000 Single-Well Pad 5,000 Single-Well Pad 5,000 Two-Well Pad (USD in millions) (High-Proppant) (High-Proppant) Drilling 40 Days 24 Days 24 Days Intangible 4.7 3.6 3.2 lateral well cost Tangible…
  16. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 16
    TMS WELL ECONOMIC SUMMARY Well Cost: 10.0 MM Lateral Length: 6,000 Current single-well pad AFE is Frac Stages: 20 approximately 10.0 MM. Royalty Burden: 17.4% Additional cost savings from two- 0% until Payout well pad…
  17. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 17
    TMS WELL ECONOMICS 10.0 MM Capex Breakeven Economics 10 MM 600 MBoe 50/Bbl EUR 700 MBoe 44/Bbl 800 MBoe 37/Bbl Note: Internally estimated type curve. IRR assumes an 82.6% NRI, 2-year tax abatement and a premium to…
  18. MAY 2015 EARNINGS CALL – Goodrich Petroleum Corp. – slide 18
    NYSE: GDP 19 Copyright 2015 Goodrich Petroleum Corporation

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