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NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp.

Goodrich Petroleum Corp. · Nov 10, 2014 · 30 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. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 1
    Earnings Call Presentation November 2014 1 Copyright 2013 Goodrich Petroleum Corporation
  2. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 2
    CORE PROPERTIES Acreage: 563,000 gross (412,500 net) COTTON VALLEY / HAYNESVILLE SHALE HAYNESVILLE SHALE - CORE Gross (Net) Acres: 42,200 (37,400) Gross (Net) Acres: 32,100 (15,100) Proved Reserves (YE'13): 143 Bcfe Proved Reserves…
  3. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 3
    OIL VOLUME GROWTH 5,700 6,300 4,800 4,200 3,800 *Eagleford (EFS) includes miscellaneous volumes from non-core properties 4 Copyright 2014 Goodrich Petroleum Corporation
  4. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 4
    HEDGING SUMMARY Daily Natural Gas & Crude Oil Hedged Volumes (NYMEX) Natural Gas: 2014 2015 2016 NYMEX Natural Gas Call Options (MMBtu/day) 20,000 (1) 20,000 (1) NYMEX Price (/MMBtu) 5.06 5.06 NYMEX Natural Gas Swaps (MMBtu/day)…
  5. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 5
    POTENTIAL 2015 OIL PRICING Hypothetical Impact of 2015 Hedge Position** Estimated 2015 Avg. Oil Production (Bopd) 6,000 7,000 8,000 NYMEX Oil 70 85.00 83.00 81.00 Pricing () 80 89.00 88.00 87.00 90 94.00 93.00 93.00…
  6. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 6
    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 Average depth 10,500 14,500 TVD Thickness 100…
  7. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 7
    TMS OPTIMIZED WELLS (15) Well Control & Structure Map 500 Contour GDP ECA GDP GDP GDP Crosby Lewis CMR Bates C.H. Lewis 12H-1 7-18H-1 8-5H-1 25-24H-1 30-19H-1 WILKINSON PIKE WALTHALL GDP AMITE GDP CMR Foster Creek Nunnery…
  8. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 8
    OPTIMIZED TMS WELLS (15) Optimized Criteria Lower landing target 450,000 lbs. proppant per stage (1,600 lbs. per foot) 5,000+ lateral length Optimum hybrid frac design Optimized TMS Wells GDP Crosby 12 H1 GDP Beech Grove 94 ECA…
  9. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 9
    TMS OPTIMIZED WELL DECLINE CURVE GDP Crosby 12H-1 10 Copyright 2014 Goodrich Petroleum Corporation
  10. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 10
    TMS OPTIMIZED WELL DECLINE CURVE GDP CMR 8-5H-1 11 Copyright 2014 Goodrich Petroleum Corporation
  11. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 11
    TMS OPTIMIZED WELL DECLINE CURVE GDP Blades 33H-1 12 Copyright 2014 Goodrich Petroleum Corporation
  12. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 12
    TMS OPTIMIZED WELL DECLINE CURVE GDP CH Lewis 30-19H-1 13 Copyright 2014 Goodrich Petroleum Corporation
  13. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 13
    TMS OPTIMIZED WELL DECLINE CURVE GDP Spears 31-6H-1 14 Copyright 2014 Goodrich Petroleum Corporation
  14. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 14
    TMS OPTIMIZED WELL DECLINE CURVE GDP Nunnery 12H-1 15 Copyright 2014 Goodrich Petroleum Corporation
  15. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 15
    TMS OPTIMIZED WELL DECLINE CURVE GDP Bates 25-24H-1 16 Copyright 2014 Goodrich Petroleum Corporation
  16. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 16
    TMS OPTIMIZED WELL DECLINE CURVE GDP Beech Grove 94H-1 17 Copyright 2014 Goodrich Petroleum Corporation
  17. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 17
    TMS OPTIMIZED WELL DECLINE CURVE GDP SLC 81H-1 18 Copyright 2014 Goodrich Petroleum Corporation
  18. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 18
    TMS OPTIMIZED WELL DECLINE CURVE GDP Denkmann 33-28H-2 19 Copyright 2014 Goodrich Petroleum Corporation
  19. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 19
    TMS OPTIMIZED WELL DECLINE CURVE GDP CMR Foster Creek 31-22H-1 20 Copyright 2014 Goodrich Petroleum Corporation
  20. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 20
    TMS OPTIMIZED WELL DECLINE CURVE GDP CMR Foster Creek 24-13H-1 21 Copyright 2014 Goodrich Petroleum Corporation
  21. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 21
    TMS OPTIMIZED WELL DECLINE CURVE ECA Mathis 29-32 H1 22 Copyright 2014 Goodrich Petroleum Corporation
  22. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 22
    TMS OPTIMIZED WELL DECLINE CURVE ECA Lewis 7-18 H1 23 Copyright 2014 Goodrich Petroleum Corporation
  23. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 23
    TMS OPTIMIZED WELL DECLINE CURVE Non-Operated 1 24 Copyright 2014 Goodrich Petroleum Corporation
  24. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 24
    TMS OPTIMIZED WELL DECLINE CURVE Non-Operated 2 25 Copyright 2014 Goodrich Petroleum Corporation
  25. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 25
    TMS VERTICAL WELL ANALOGY Texas Pacific Blades 1 30 years of production 2.0 b factor 2% terminal decline 26 Copyright 2014 Goodrich Petroleum Corporation
  26. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 26
    EARLY TMS DEVELOPMENT TMS History & Type Curves - b Factors Improve with Time (AVG 1.46 b factor) 1940s: Humble well encountered Encore, Weyerhaeuser 1H high resistivity, oil-saturated over- 5.5 years of production pressured TMS 1.40…
  27. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 27
    LEGACY WELLS (7) COMPOSITE DECLINE CURVE Wells Acquired August 2013 Exhibit 1.45 b factor 28 Copyright 2014 Goodrich Petroleum Corporation
  28. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 28
    TMS OPTIMIZED COMPOSITE WELL DECLINE CURVE Alternative b-factor Analysis 82.6% NRI, 13MM, 85/bbl GDP Normalized TC 1.45 B TC 1.3 B TC Gross Reserves 700 Mboe 600 Mboe 470 Mboe Net Reserves 578 Mboe 496 Mboe 388 Mboe F&D Cost…
  29. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 29
    TMS WELL ECONOMICS Single Well Development Well (Two Well Pad) (13MM Capex) (11.5MM Capex) 600 Mboe 700 Mboe 800 Mboe Breakeven Economics 10 MM 11.5 MM 13 MM 600 Mboe 50/Bbl 57/Bbl 64/Bbl EUR 700 Mboe 44/Bbl 50/Bbl…
  30. NOVEMBER 2014 EARNINGS CALL – Goodrich Petroleum Corp. – slide 30
    NYSE: GDP 31 Copyright 2014 Goodrich Petroleum Corporation

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