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Q4 2014 EARNINGS CALL – Gulfport Energy Corp.

Gulfport Energy Corp. · Feb 26, 2015 · 26 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. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 1
    Investor Presentation February 2015
  2. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 2
    Gulfport Today Key Statistics Primary Areas of Operation (1) Market Capitalization 3.8 Billion Enterprise Value 4.4 Billion Utica Shale Acreage: 184,000 Net Acres 2014 Average Daily Production 240.3 MMcfepd Proved Reserves: 907.0…
  3. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 3
    Overview of Gulfport Gulfport Energy Corporation (GPOR) is an independent E&P company based in Oklahoma City, OK Company born from legacy assets in South Louisiana Free cash flow from legacy assets facilitated expansion into North…
  4. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 4
    Key Investment and Financial Highlights High quality, low cost assets allow Gulfport to grow production 80% to 100% over 2014, equating to 432 480 Mmcfepd Anticipated 2015 E&P capital budget of 545 595 million and leasehold budget of…
  5. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 5
    4th Quarter and Full Year 2014 Highlights Total Production Proved Reserves Total Utica Wells Online 101 933.6 Net Wells Online Gross Wells Online Increased 282% Y-o-Y 63 73 and 50% Q-o-Q 36 47 230.6 25 1 2 Produced 2012…
  6. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 6
    Strong Growth Ahead Key Highlights Total Net Production 166.4 (1) Gulfports total production during 2014 grew 255% over 2013 180 Liquids Anticipate 2015 production to increase 80% to 100% over 2014 160 Gas Gulfport…
  7. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 7
    Liquidity, Capitalization and Hedge Position Year Ended December 31, Pro Forma Liquidity Position (as of 12/31/14) ( in millions) 2010 2011 2012 2013 2014 Cash & Cash Equivalents 2.5 93.9 167.1 459.0 142.3 600 575 (1) (100) 142 571…
  8. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 8
    Asset Overview 10
  9. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 9
    Utica Shale Overview Chesapeake CONSOL / Hess Buell 8H Athens A 1H-24 Asset Overview Net proved reserves of 907.0 Bcfe (1) Hess Net probable reserves of 300.3 Bcfe (1) Capstone 2H-29 188,000 gross (184,000 net) acres (2) Oil - 7%…
  10. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 10
    Utica Shale Drilling and Completion Activity Net Wells Spud Non-Op 79 Dry Gas 11 Wet Gas Condensate Number of Wells 40 35 32 5 4 19 18 17 16 18 10 3 2 5 3 5 13 4 8 12 12 3 3 6 3- 1Q'14 2Q'14 3Q'14 4Q'14 2014…
  11. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 11
    Utica Shale Drilling Metric Improvements Gulfport Utica Drilling Records Phase Window Well Name Date Record Dry Gas Shriver 1B 1Q2014 Quickest lateral section drill time of 3,425 feet per day Dry Gas Shriver 1B 1Q2014 Quickest…
  12. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 12
    Utica Shale Optimized Wet Gas Wells Pressure vs. Cumulative Production(1)(2) Wet Gas Wells Cumulative Type Curves (1)(2) 6,000 10,000 1 101 201 301 401 501 601 701 100 00 5,000 1,000 100 0 4,000 100 100 PSI 3,000…
  13. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 13
    Utica Shale Optimized Condensate Wells Pressure vs. Cumulative Production(1)(2) Condensate Wells Cumulative Type Curves (1)(2) 4,000 10,000 1 101 201 301 401 501 601 701 10, 000 3,500 1,000 1,0 00 3,000 2,500…
  14. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 14
    Utica Shale Diversified Portfolio Overview Rover Pipeline (North) DAWN Amount: 75,000 Dth/d MICHCON Market: Midwest In-Service 1H2017 ANR Pipeline (North) Amount: 250,000 Dth/d Market: Midwest Currently In-Service…
  15. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 15
    Utica Shale Firm Transportation and Sales Outlets Firm Commitments per MMBtu per day Overview 2014 2015 2016 2017 + 900,000 (MMBtu / day) 800,000 Midwest Markets Firm Sales Arrangements Total MMBtu per day 700,000 ET Rover…
  16. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 16
    Utica Shale Transportation Improves Pricing Overview YE 2017 Transport Agreements Early access to premium Midwest markets and was a 819,000 first-mover in securing early transport at low costs out of the basin MMBtu per day…
  17. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 17
    Utica Shale Midstream Infrastructure Hopedale Fractionator C3+ Fractionation I - 60,000 Bbl/d Operational Utica Condensate JV C3+ Fractionation II - 60,000 Bbl/d Operational Stabilization Facility 23,000 Bbl/d 1Q15 C3+ Fractionation…
  18. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 18
    Southern Louisiana Asset Overview (1) 2015 Planned Activities (3) Net proved reserves of 4.1 MMBoe Maintenance CAPEX: 20 25 million Net probable reserves of 8.1 MMBoe 11,372 net acres Gulfport operated 2014 Activities Update…
  19. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 19
    Grizzly Oil Sands Gulfport has interest in a substantial position in the Canadian oil sands by way of a 24.9% interest in Grizzly Oil Sands ULC (Grizzly) Grizzly is effectively the last major private company in the oil sands without a…
  20. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 20
    Appendix 22
  21. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 21
    Value Creation Through Equity Investments Diamondback Energy Blackhawk Midstream Coronado Midstream In November 2007, Gulfport entered the In mid-2012, Blackhawk Midstream LLC, an entity In the first quarter of 2012, Gulfport…
  22. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 22
    Hedged Production Hedge Book (1) 1Q15 2Q15 3Q15 4Q15 2015 2016 2017 2018 Hedge Contract Summary: Natural Gas Fixed Price Swaps (NYMEX) Volume (BBtupd) 191 198 227 263 220 198 111 30 Weighted Average Price (/MMBtu) 4.12 4.05…
  23. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 23
    2014 Proved Reserve Summary Net Reserves as of December 31, 2014 Oil Gas NGL Total PV-10 (MM) (MMBbls) (Bcf) (MMBbls) (Bcfe) SEC (1) Proved Developed Producing 3.5 344.1 12.4 439.4 1,154 Proved Developed Non-Producing 2.2 1.1 - 14.4…
  24. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 24
    Natural Gas Northeast Proposed Pipeline Projects Overview Total Capacity Project Name Pipeline Delivery Area Start-Up Date (Mmbtu / day) Team South Texas Eastern Transmission Gulf Coast 300 Sep-14 Westside/Smithfield III to Leach…
  25. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 25
    LNG Exports Proposed Gulf Coast Projects Overview Nominal Capacity Project Name Sponsor Start-Up Date (MMtpa) Sabine Pass Cheniere 18.00 Approved Cameron Sempra 12.00 Approved Cove Point Export Dominion 5.25 Approved Freeport…
  26. Q4 2014 EARNINGS CALL – Gulfport Energy Corp. – slide 26
    Gulfport Energy Headquarters Investor Relations 14313 North May Avenue, Suite 100 (405) 242-4888 Oklahoma City, OK 73134 Investor_relationsgulfportenergy.com www.gulfportenergy.com

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