Barclays CEO Energy-Power Conference September 12, 2013
Midstates Petroleum Company Overview IPO completed in April 2012 Three Core Operating Areas: Eagle Acquisition completed in October 2012 Mississippian Lime in Oklahoma and Kansas Panther acquisition completed in May 2013 Anadarko Basin…
Strategy for Growth Actively manage investment portfolio Allocate capital to highest return, most predictable projects Focus on execution Aggressively analyze and reduce operating and capital costs Pursue organic growth High…
Anadarko Basin Asset Update Key Statistics and Highlights 36.5 MMBoe Proved Reserves (1) 45% Oil, 22% NGLs, and 33% Gas 29% Proved Developed 138,900 Net Acres 60% held by production Production at Sept 10: 9,500 Boe/d 45-50% Oil,…
Multiple Targets Across Asset Base Acreage position provides exposure to multiple plays Main drilling targets include Cleveland, Marmaton, Cottage Grove, and Tonkawa Upside potential from drilling the deeper lower Pennsylvanian and…
Cleveland Wells Online Since June 1, 2013 Herndon A 567-6H IP Date: 7/27/13 Domino 450-5H IP Date: 8/7/13 Acquired Acreage IP Peak 30: 219 Boe/d Current Rate: 213 Boe/d IP Peak 30: 641 Boe/d Current Rate: 1,052 Boe/d Roy…
Increased Scale: Multiple Target Formations DOUGLAS TONKAWA MISSOURIAN COTTAGE GROVE CLEVELAND MARMATON MARMATON BIG LIME OSWEGO DES MOINES PRUE SKINNER RED FORK BARTLESVILLE 9
Mississippian Lime Asset Update Key Statistics and Highlights 82,600 net acres in the Mississippian Lime in Woods & Alfalfa counties Oklahoma(1) Operate 84% of 166 producing wells; 73% avg. WI Primary target: Upper Mississippian…
Concentrated on the Core of the MS Lime Production at Sept 10: 15,000 Boe/d 2013 Plans 100 wells producing from the Mississippian Lime (1) 600 potential future gross drilling locations (3 wells per section) Operate 5 rigs - focused…
Mississippian Lime: A Core Position As of September 2013, Midstates has 98 wells that have been on production for 30+ days Average peak 30-day rate for all 98 wells is 583 Boe/d 44 wells had 30-day rate in excess of 500 Boe/d 13…
Gulf Coast Oil Focused Louisiana Overview Focus Areas Attractive Oil-Weighted Assets DeQuincy Area Well-established production histories Wilcox Horizontal Development LLS Pricing - High Quality Oil: 45o to 50o API Two fields: Modern…
Gulf Coast Development Strategy Louisiana Wilcox Horizontal Strategy Continue to test the application of horizontal technology and further delineate our producing fields at a measured and calculated pace North Cowards Gully…
Financial Position Overview Position for strong, stable capitalization with adequate liquidity Achieve strong operating margins millions Allocate capital to maximize economic benefit across portfolio Rate of return focused on…
Capital Investment Plans 2013 Capital Program Supports Growth 2013E Capital Expenditures(2) Guidance: 550 to 575 million 55% Miss Lime, 25% Gulf Coast, and 20% Anadarko(1) Anadarko(1) Gulf Coast Excludes Capitalized Interest(2)…
Hedging Strategy On a stand-alone basis, currently hedged approximately 80% of forecasted 2013 volumes and approximately 70% of 2014 oil volumes Layered on additional hedges after closing the Panther Acquisition Target maximizing…
Anadarko Asset, Cleveland Illustrative Economics Illustrative Economics at 90 WTI Oil Price Sensitivity Mid-Point of Range Gross Capex 3.0 (MM) (1) Gross EUR 150 - 200 (Mboe)(2) IP (Boe/d) (3) 270 360 Average WI (4)…
Mississippian Lime Asset Illustrative Economics Illustrative Economics at 90 WTI Oil Price Sensitivity Mid-Point of Range 160% Gross Capex 3.7 (MM) (1) 140% Gross EUR 300 - 460 120% (Mboe)(2) 100% IP (Boe/d) (3) 600…
Guidance (as of August 6, 2013) Q3 2013 FULL YEAR 2013 Daily Production (boe/day)(1) 27,000 - 28,000 24,000 - 25,000 Miss+ LA Anadarko Miss+ LA Anadarko By Area 50% 20% 30% By Area 50-55% 25-22% 25-23% Oil 35-40% 60-65% 45-50% Oil…
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