Management Representatives Joseph A. Mills Chairman & Chief Executive Officer Jeffrey P. Wood Senior Se o Vice ce President es de & Chief C e Financial a ca O Officer ce Adam K. Altsuler Director, Corporate Finance &…
Strategically Located, Diversified Asset Base Midstream Business is exposed to prolific producing Upstream Business is weighted towards oil and NGL liquids rich geological trends, specifically the Granite production, with 73% of…
Crow Creek Acquisition Announced April 12th Transaction Acquisition of all equity interests of CC Energy II, L.L.C. (Crow Creek) for a total Summary consideration of 525 million 318 million for equity interests Assumption of 207…
Strategic Rationale Provides long-term accretion (driven by production growth) to distributable cash flow per unit Provides significant additional scale and geographic diversity to Eagle Rocks existing reserve base Total 3P reserves…
Crow Creek Transaction Metrics Preliminary Allocation of Transaction Consideration ( in millions) Reserves in Place 453.2 327 operated wells; 1,040 non-op wells; 115,500 net acres Assumes 5,000 / acre valuation for non-producing…
Acquisition Financing Strengthens Balance Sheet Balanced acquisition consideration preserves strong liquidity position and overall credit metrics 58% of transaction consideration is in the form of equity Transaction Consideration Mix…
Dual Platform for Organic Growth With the Crow Creek acquisition, Eagle Rock has two balanced platforms through which it can drive growth organically Midstream assets located in liquids-rich plays such as the Granite Wash and Austin…
Crow Creek Asset Base Golden Trend 62 Op / 94 OBO Current Rate: 16.7 MMcfe/d Proved Reserves: 85 Bcfe Arkansas 36 PUDs Cana Shale Trend 52% of Proved Value No Op / 4 OBO Current Rate: 2.2 2 2 MMcfe/d Proved Reserves: 15…
Pro Forma Eagle Rock Upstream Assets Crow C C Creek kA t (1): Assets Proved Reserves: 268 Bcfe Q4 2010 Prod. Rate: 40.0 MMcfe/d East Texas Area (2) % Gas (3): 72% Proved Reserves: 27 Bcfe Q4 2010 Prod. Rate: 7.6 MMcfe/d % Gas…
Pro Forma Proved Reserves Profile Eagle Rock (Status Quo) Crow Creek Pro Forma EROC PUD 11% PUD ory PUD 34% 27% Reserve Catego PDNP 13% PDP PDNP 60% 8% PDP (1) PDNP 65% PDP (1) 76% 6% 128 Bcfe 268 Bcfe 396…
Pro Forma Q4 2010 Production Summary Eagle Rock (Status Quo) (1) Permian 18% Pro Forma Q4 2010 Combined Cana Alabama East Texas 1% Barnett 53% 23% (1) 10% Alabama 24% South Arkoma 4Q10 Avg. Rate: Texas 2010 Exit Rate: 12%…
Golden Trend Field Field is productive from multiple formations from 8,000 to 14,000 Active area with 5 Crow Creek wells drilled in the last 4 months Crow Creek has one operated drilling rig active in the field. It is projected…
Cana Shale Acreage and Activity Growing liquids-rich natural gas shale play in western Oklahoma 54 rigs currently drilling horizontal wells in the trend Shale Sh l characterized h t i db by d dry gas to the southwest and oil…
Eagle Rock Energy Partners, L.P. Midstream Business Investor Presentation April 2011
Overview of Midstream Business Gathering Volumes (MMcf/d) (1) Gulf of Panhandle Mexico 143, 29% 114, 23% Granite Wash South Texas East East Texas / North Louisiana 37, 8% 1,213 miles of pipeline Texas 194, 40% 7…
Panhandle: Rich in Growth Opportunities Hemphill Horizontal Wells Panhandle System Activity: Roberts Horizontal Wells 47 Producing Currently in the process of 52 Producing 11 Permitted 6 Permitted 43 Total MMcf/d connecting nine new…
Strategic Footprint in East Texas Sligo System Update: Simsboro Austin Chalk: Large Bellebower independents staking 20 potential sites dedicated to Panola E l R Eagle Rock k Currently, three rigs running on acreage East Texas…
Eagle Rock is Well-Positioned for Continued Growth Strong credit profile and capital availability Absence of incentive distribution rights enhances long long-term term accretion potential Core midstream operations in…
Eagle Rock Energy Partners, L.P. Appendix Investor Presentation April 2011
Robust Hedging Profile Status Quo Hedging Summary (1) Pro Forma Hedging Summary (2) 100% 100% es Hedged Crude, Condensate and NGLs (C3) Crude, Condensate and NGLs (C3) Ethane and Natural Gas Ethane and Natural Gas 80% 80%…
Pro Forma Eagle Rock Credit Facility Senior secured revolving credit facility with total availability of 341 million (1) from 18 financial institutions Total Borrowings Pro Forma w/ Status Quo (1) Crow Creek Eagle Rock Borrowing…
Midstream: Panhandle System System Overview (1) Map of Texas Panhandle System Miles of Pipeline: 3,963 Processing Plants: 7 Compression p HP: 141,000 , 4Q10 Avg. Gathering Volume: 143 MMcf/d 4Q10 Avg. Equity NGL / Condensate…
Midstream: East Texas System System Overview Map of East Texas System Miles of Pipeline: 1,213 Processing Plants: 7 Compression p HP: 49,700 4Q10 Avg. Gathering Volume: 194 MMcf/d 4Q10 Avg. Equity NGL / Condensate Volume: 1.3…
Midstream: South Texas System System Overview Map of South Texas System Miles of Pipeline: 266 Processing JT Skids: 3 Compression HP: 15,300 2010 Operating Income (1): 6.2 million 2010 Capex: 0.1 million Contract Mix by Throughput…
Midstream: Gulf of Mexico System System Overview Gulf of Mexico System Miles of Pipeline: 40 Processing Plants: 2 (non-operated) Compression p HP: 14,180 2010 Operating Income (1): 3.2 million 2010 Capex: 0.2 million Contract…
Alabama: Largest Upstream Asset Asset Overview Alabama Properties Acquisition Date: July 31, 2007 Alabama Counties: Escambia, Choctaw Operated Producing Wells: 29 Non Op Wells: Non-Op 2 Net Acreage: 13,000 Net Reserves: 10.9…
East Texas Smackover Trend Assets Asset Overview East Texas Properties Acquisition Date: July 31, 2007 Texas Counties: Wood, Rains, Van Zandt, Henderson Operating Producing Wells: 34 Non-Op Producing Wells: 123 (ETX/LA) Net…
Permian Basin Assets Asset Overview Permian Basin Properties Acquisition Date: April 30, 2008 Texas Counties: Ward, Crane, Pecos Operated Producing Wells: 186 N O Producing Non-Op P d i W Wells: ll 21 Net Acreage: 24,000 Net…
Upstream: South Texas Asset Overview South Texas Properties Acquisition Date: July 31, 2007 Texas Counties: Atascosa Operating Producing Wells: 11 Net Acreage: 1 400 1,400 Net Reserves: 1.1 MMboe (6.6 Bcfe) Average Operated W.I.:…
SEC Reserve Disclosures The SEC permits oil and gas companies, in their filings with the SEC, to disclose only reserves as defined by SEC rules. Estimates of reserves in this communication are based on economic assumptions with regard to…
Use of Non-GAAP Financial Measures (Continued) Eagle Rocks Adjusted EBITDA definition may not be comparable to Adjusted EBITDA or similarly titled measures of other entities, as other entities may not calculate Adjusted EBITDA in the same…
Adjusted EBITDA Reconciliation ( in 000's) Year Ended December 31, 2010 2009 2008 2007 2006 Net Income (loss) (5,349) (171,258) 87,520 (145,634) (23,314) Add: Interest (income) expense, net 35,058 41,350 38,282 44,587 30,383…
Loading...
