Raymond James Institutional Investors Conference March 7, 2012
Why EV Energy Partners EnerVest Provides Operating p g and A&D Leverageg and Scale Proven Track Record in Acquisitions Multiple Acquisition Sources Diverse Set of Properties with Organic Growth Potential p Demonstrated…
EV Energy Partners, L.P. Upstream p MLP Created in September p 2006 (Nasdaq: EVEP) GP Ownership EnerVest & Management (76.25%) (76 25%) Encap (23.75%) 42.3 million outstanding units 3.8 3 8 billion billi enterprise t i…
Diverse Asset Base Total Proved Reserves: 1,144 Bcfe Percent Developed: p 68% Percent Gas: 71% 4Q2011 Production: 121 MMcfe/d Michigan Reserve-Life Index: 18.8 years Proved Reserves: 44.9 Bcfe Gross Productive Wells: Over 18,000…
Best in Class Returns Compound Annual Return Last 3 Years Note: Closing prices as of March 2, 2012 and AMZX as February 29, 2012. Upstream MLPs* does not include EVEP 6
A Strong Strategic Partnership with EnerVest EnerVest is recognized as one of th llargestt and the d mostt successful f l managers of oil and gas assets for institutional investors Sizeable EnerVest operating base 4 Tcfe of…
Benefits of the Partnership Drop-Down Drop Down Joint Industry From Bid With EnCap EnerVest EnerVest 8
Over Five Years of Growth and Diversification e s cat o September 2006 (at IPO) December 31, 2011 Appalachia 69% Appalachia 11% 51 Bcfe 2 Basins 1,144 Bcfe 8 Basins 9
Disciplined Acquirer EVEP Upstream MLPs Number of Deals: 23 91 Total (b): 1.8 14.3 R/P Ratio: R ti 25 18 Note: 1/1/07 to 1/20/2012 Source: Wells Fargo Securities, LLC. (Excludes EVEP) and company press releases 10 Source:…
2011 Acquisitions In 2011,, EVEP closed on 498 million of acquisitions.* q Acquisition Region Millions EnerVest Drop-down Appalachia 31 Reversionary Working Interest Barnett 16 Undisclosed Mid-Con 74 Undisclosed Barnett 76…
Barnett Shale Acquisitions Joint Purchase with EnerVest Institutional Combined Position Makes Partnerships a t e s ps EVEP / EnerVest Top 6 Barnett / Total purchase price: 1.2 billion 376 million net to EVEP ( 31.5% Shale…
Other Acquisitions 121 million of bolt on acquisitions 51 Bcfe Proved SEC reserves* Mid-Continent Region 74.3 Million acquisitions completed November 2011 and January 2012 Western Anadarko, Arkoma, Woodford and Mississipian plays…
Dominant Ohio Position Largest Producer in Ohio Overall EnerVest Position Over 8,000 wells 72 MMcfe/d gross production d i (44 MMcfe/d MM f /d net) Significant operating infrastructure in place EVEP Position Net production…
Recent Utica Activity EVEP JV Acreage EVEP Utica Position EVEP Non-JV Acreage EnerVest Acreage g 150,000 net WI acres Average 2% ORRI on 880,000 gross acres De-risking the Play Significant drilling and permitting…
Impact of Chesapeakes Recent Joint Venture 15,000 per acre, cash and carry on 619,000 acres mostly liquids rich area Includes approximately 3,750 EVEP net acres Total EVEP Share Acreage: (in thousands) JV Acres 619 4 Acres Sold…
2012 Organic Growth Activity Appalachian Basin: Ongoing CHK JV activity I iti l E Initial EnerVest V t Uti Utica D Drilling illi Potential Utica Monetization/Swap Ongoing Knox Activity Mid Continent: Continuing Granite…
Capital Structure ( millions) Bank Debt 420 Senior Notes Due 2019 300 Equity Market Capitalization 3,048 Enterprise Value 3,768 Note: Bank Debt is debt outstanding under our revolving credit facility. Equity market…
Disciplined Financing Strategy Since 2006, completed 1.8 billion of acquisitions, 61% of which were financed with equity q y and free cash flow Capital Activity (1) Acquisition Financing Since IPO Equity 1,027 56% Free Cash…
Commodity Hedging: Natural Gas Gas Volume Hedged (MMbtu/d) Gas Prices Hedged (/MMbtu) Note: Estimated NYMEX Henry Hub equivalent with basis differentials of: Dominion Appalachia 0.18, MichCon Citygate 0.27, Houston Ship Channel…
2012 Guidance Full Year 2012 Net Production: Natural Gas ((MMcf)) 40,250 , - 44,500 , Crude Oil (MBbls) 1,065 - 1,155 Natural Gas Liquids (MBbls) 1,645 - 1,820 Total MMcfe 56,510 - 62,350 Average Daily Production (MMcfe/d)…
Raymond James Institutional Investors Conference March 7, 2012
Loading...
