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Investor Presentation – Athlon Energy Inc.

Athlon Energy Inc. · Feb 11, 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. Investor Presentation – Athlon Energy Inc. – slide 1
    Investor Presentation February 2014
  2. Investor Presentation – Athlon Energy Inc. – slide 2
    Athlon Overview Highlights Midland Basin Ticker: ATHL Howard - Athlon Headquarters (Ft. Worth) 178 vertical Athlon Acreage Share Price: 32.75 wells to date Athlon Field Office (Midland) Market Diluted Share Count: 84.6mm Midland…
  3. Investor Presentation – Athlon Energy Inc. – slide 3
    Athlon Strategy Intense Focus on Rate of Return Create Organic Growth High-Quality Assets Low-risk Proven plays in prolific basins Repeatable Multi-stacked pay intervals Multi-year Inventory Oil weighted and high margin HBP all…
  4. Investor Presentation – Athlon Energy Inc. – slide 4
    In the Midland Basin by Design Undiscounted Acreage Value (1) (2) Permian Basin Map 250 210.6 201.2 187.2 200 Hz Spraberry Codell 154.5 (75.7) 143.8 (57.5) 141.7 150 135.5 (000s) Marcellus Vt (107.0) 114.2 Wolfberry…
  5. Investor Presentation – Athlon Energy Inc. – slide 5
    Delivering the Goods out of the Gate 3Q13 - Significantly Exceeded All Expectations Horizontal Program Bolting to the Front of the Pack Beat expected production by over 1,500 BOE/d First 2 horizontal wells in the top 3 in the entire…
  6. Investor Presentation – Athlon Energy Inc. – slide 6
    January 2014 Acquisition Overview Highlights Acreage Map & Offset Operators 88 million purchase price Acquired Acreage Athlon Acreage Located in high EUR & ROR Area Key Points Accretive to per share metrics and NAV Funded through…
  7. Investor Presentation – Athlon Energy Inc. – slide 7
    2014 Outlook: Increasing Expectations 2014 Guidance 2014E Wall Street Difference Midpoint (1) Low Midpoint High Research IPO % Production (BOE/D) 19,750 20,250 20,750 17,900 2,350 13% Direct LOE ( / Boe) 6.35 6.60 6.85 6.70…
  8. Investor Presentation – Athlon Energy Inc. – slide 8
    Low-Risk, High-Growth Oil Company 2011 2012 2013 2014 30,000 167% Growth 73% Growth 70%+ Growth(1) 25,000 19,750 20,750 BOE/D 14.7 MBoe/d 20,000 69% YOY 16,200 16,800 BOE/D Production, BOEPD growth 15,000…
  9. Investor Presentation – Athlon Energy Inc. – slide 9
    Organic Growth in Proved Reserves Replaced 14x production via Drillbit 86 90 80 70 35 Replaced 11x 52% Acquisition F&D 45 production via Organic Drillbit 11.03 / Boe 60 Proved Reserves (MMBoe) 46 7 (3) 50…
  10. Investor Presentation – Athlon Energy Inc. – slide 10
    Track Record of Improving Efficiencies Spud to TD (Days to 10,000 Depth) Gross Operated Vertical Wells Drilled per Quarter 20 8 rigs 5 rigs 7 rigs 7 rigs 7 rigs 8 rigs 16 60 51 15 46 46 50 43 44 10 40 34 35 Gross Wells…
  11. Investor Presentation – Athlon Energy Inc. – slide 11
    Full-Field Development Unlocks Reserve Potential Reserve Potential per 960 Acres (1-1/2 Sections)(1) Full-Field Development Schematic 960 Acres Horizontal Wells Vertical to Horizontal Hori zonta l Verti ca l 40s Verti ca l 20s Tota l…
  12. Investor Presentation – Athlon Energy Inc. – slide 12
    Low-Risk Vertical Inventory Midland Basin AGE Midland and Company (1) Howard Other Glasscock Total Clear Fork Net Acreage 57,000 39,000 13,000 109,000 Leonardian Upper Spraberry Locations: Gross Net Gross Net Gross Net Gross…
  13. Investor Presentation – Athlon Energy Inc. – slide 13
    Prolific Vertical Results Across Athlons Acreage Athlon Top Performing Vertical Well Map Athlon Top Performing Vertical Wells Athlon acreage 24 Hr IP 30-Day IP Midland Basin Well Nam e County Boed Boed Athlon Field 1 Bigony 48 1 How ard…
  14. Investor Presentation – Athlon Energy Inc. – slide 14
    Vertical Wolfberry Single-Well Economics ROR Sensitivity (%) 80% 75% Midland 70% 60% 55% 50% 50% 43% Howard 40% 39% Average 40% 50% 30% 34% 30% 39% Glasscock 30% 21% 32% 23% 29% 32% 20% 22% 15% 25% 10% 15% 19% 21% 14%…
  15. Investor Presentation – Athlon Energy Inc. – slide 15
    High-Growth Horizontal Potential (1) Gross Locations Northern Midland East-Side West-Side Southern Midland Company Total Midland Basin Gross Net Gross Net Gross Net Gross Net Clear Fork Upper Spraberry Jo Mill Lower…
  16. Investor Presentation – Athlon Energy Inc. – slide 16
    Consistent Wolfcamp Attributes Across Acreage A 1 Upton Cty 2 Midland Cty 3 Howard Cty 4 Howard Cty 5 Glasscock Cty A WC A WC B 3 Burial depth (top of Wolfcamp A) 7,300 9,950 ft. 4 Consistent interval thickness 700 1,250…
  17. Investor Presentation – Athlon Energy Inc. – slide 17
    Superior Execution & Experienced Team Result in Top-Tier Wells 3D Frac Design Model Radioactive Tracer Evaluation Log 5. 1. Apply vertical expertise to target organic rich, brittle rock 2. Drill entire lateral within 3. defined…
  18. Investor Presentation – Athlon Energy Inc. – slide 18
    Bolting to the Front of the Pack West-Side Wolfcamp 24-HR IP Per 1,000 of Lateral by Operator (Boe/d) 400 2 wells 350 3 wells 8 wells 300 24-HR IP Per 1,000 of Lateral (Boe/d) 11 wells 7 wells 250 200 2 wells 1…
  19. Investor Presentation – Athlon Energy Inc. – slide 19
    Top-Tier Horizontal West-Side Wolfcamp Results 24-HR IP Per 1,000 of Lateral (Boe/d) 30-Day IP Per 1,000 of Lateral (Boe/d) ATHL / TXL N 7-3 5H 362 DORCUS 3035H 272 DORCUS 3035H 317 HUTT DONALD L C 3H 312 ATHL / TXL N 7-3 5H 262…
  20. Investor Presentation – Athlon Energy Inc. – slide 20
    Athlon Horizontal Wolfcamp Program Phase 1 1 Midland County 3 Howard County Drill 2 horizontal Wolfcamp B wells in 3Q 2013 Drill 3 horizontal Wolfcamp A wells in 1Q 2014 WC B: OOIP of 60 MMBO / Section, 400 450 ft. thick WC A:…
  21. Investor Presentation – Athlon Energy Inc. – slide 21
    Athlon Horizontal Wolfcamp Program Phase 2 5 Rig 1: Glasscock County Lease Line Protection 1 Rig 2: Midland County Development Drill 7 horizontal Wolfcamp wells in 2014 Rig 2 set to arrive in 2Q 2014 Put 5 wells on production by…
  22. Investor Presentation – Athlon Energy Inc. – slide 22
    West-Side Wolfcamp Activity Athlon West-Side Acreage & Results Top 10 West-Side Horizontal Wolfcamp Wells (1) (2) 24 Hr IP 30-Day IP Lateral Athlon acreage Well Name Operator County Boed Boed %Oil Reservoir Length Midland Basin 1 TXL…
  23. Investor Presentation – Athlon Energy Inc. – slide 23
    West-Side Wolfcamp Type Curves Short Lateral Type Curve (Boe/d) Medium Lateral Type Curve (Boe/d) 2000 2000 TXL N 7-3 5H Davidson 27-12H Outperformance: Daily Production (Boe/d) Daily Production (Boe/d) Outperformance: 1000…
  24. Investor Presentation – Athlon Energy Inc. – slide 24
    Howard County Wolfcamp Activity Athlons Howard County Acreage & Offset Activity Howard County Well Design Comparison 24 Hr IP 30-Day IP Lateral Well Name Operator Boed Boed Reservoir Length Element SFH Unit 23 1H Athlon Abel 18 3H 1…
  25. Investor Presentation – Athlon Energy Inc. – slide 25
    Howard and Glasscock Wolfcamp Type Curve ROR Sensitivity: (EUR(1) vs. D&C Cost) Medium Lateral (7,500 ft.) EUR(1) MBOE D & C Cost (MM) 8.0 600 700 800 900 EUR (MBOE) 3 stream(1) 625 7.0 43% 63% 84% 100% 30-Day IP (Boe/d) 625 CAPEX…
  26. Investor Presentation – Athlon Energy Inc. – slide 26
    Deep Inventory Provides Tremendous Reserve Potential Highlights Gross Locations & Reserve…
  27. Investor Presentation – Athlon Energy Inc. – slide 27
    Fully-Funded Drilling Program (1) Pro Forma Capitalization Athlon Drilling Schedule Pro Forma ( in millions) September 30, 2013 Horizontal Vertical Total Cash 108.9 Wolfcamp 2014 Credit Agreement 0.0 Rigs 8.0 1.75 9.75 Senior…
  28. Investor Presentation – Athlon Energy Inc. – slide 28
    Investment Highlights Over a decade together executing proven strategy to create value in both public and private markets Entrepreneurial Expertise in converting large reserve potential into shareholder returns Team Delivering the…
  29. Investor Presentation – Athlon Energy Inc. – slide 29
    Company Information Athlon Energy Investor Relations 420 Throckmorton Street William Butler Suite 1200 Vice President Chief Financial Officer Fort Worth, TX 76102 Phone: 817-984-8200 Phone: 817-984-8200 Fax: 817-984-8217 Fax: 817-984-8217…
  30. Investor Presentation – Athlon Energy Inc. – slide 30
    EBITDA Reconciliation Three Months Ended Nine Months Ended September 30, September 30, in thousands 2013 2012 2013 2012 Consolidated net income (loss) 2,267 (2,096) 37,674 42,508 Interest expense,net 10,034 2,602 26,590 5,802…

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