Eagle Rock Energy Partners, L.P. Partnership Overview and Recent Highlights
Eagle Rock Energy Partners, L.P. Today Eagle Rock (NASDAQ: EROC) is a growth-oriented MLP engaged in the upstream and midstream businesses and is well-positioned to benefit from some of the most prolific producing basins in the U.S.…
Partnership Highlights Well Positioned in the SCOOP Play through Golden Trend and Southeast Cana Acreage Partnership owns approximately 15,900 net acres in the South Central Oklahoma Oil Province (SCOOP), producing from multiple…
Eagle Rock Value Proposition Upstream Yield with Significant Midstream Exposure Upstream MLPs 12.0% 10.9% 10.7% 9.9% 10.0% 8.8% 9.4% 8.6% Average: 9.1% 8.2% 8.2% 8.4% 8.0% 7.6% Current Distribution 6.0% Yield 4.0% 2.0%…
Capital Markets Robust Markets Support Eagle Rocks Growth Plans Single tranche of 8.375% senior notes totaling 550 million issued in May 2011 with add-on in July 2012 has traded EROC Unit Price Performance well in the aftermarket…
Eagle Rock Energy Partners, L.P. Upstream Business Overview
Geographically Diverse Upstream Assets Mid-Continent Assets Proved Reserves: 233 Bcfe Q4 2012 Prod. Rate: 51.3 MMcfe/d % Gas (1): 65% Operated Wells: 235 Average Operated WI: 83% Permian Area Alabama/Miss. Area Proved Reserves:…
Diversified Reserve Base Across High Quality Basins Reserve Profile PUD 350 Bcfe of proved reserves Oil 24% NGLs 22% at 12/31/12 22% 12-year reserve life (1) Over 600 (gross) identified Gas 56% drilling locations (2)…
Woodford Regional Overview Strat Column Oklahoma/Tx Panhandle System Series Formation Cret eroded Leonard Permian Brown Dolomite Wolfcamp CANA Douglas SS Virgilian Tonkawa SS Lansing Ls WOODFORD Missourian Cottage Grove…
Detailed Land Position in the SCOOP N SCOOP Net Acres County Net Acreage Caddo 5,032 Canadian 14 Carter 18 Garvin 1,124 Grady 5,039 Love 867 SCOOP McClain 2,585 Stephens 1,242 Total 15,921 Net acre figures subject to…
SCOOP: Southeast Canas Results Continue SCOOP EROC owns approximately 15,900 net acres in SCOOP 18 rigs currently drilling in Grady, EROC (76% WI) Garvin, McClain and Stephens Riddle 14-32H Spudding April 15th counties. 13 rigs…
Stratigraphic Section Similar from SE Cana to Golden Trend A A 13 Miles Observations Woodford thickness remains at a constant 250 Resistivity indicates similar maturity and total organic carbon High porosity seen in both wells…
Golden Trend Field Drilling Update Producing Formations GR Log One-rig program drilling Bromide/Big 4 wells during 2013. Drilling focused down-dip where current drilling results have been strong. Hart Sand Beam 4-17 Trula 1-16…
Eagle Rock Energy Partners, L.P. Midstream Business Overview
Midstream Business Morrow/Cleveland Tonkawa Granite Wash Hogshooter Panhandle (1)(2) 6,514 miles of pipeline 11 processing plants 211,500 compression HP Gathering Volume: 372 MMcf/d Equity NGL/Condensate: 7,796 Bbls/d…
Expanding Our Strategic Partnerships (1) In conjunction with the Texas Panhandle Acquisition, Eagle Rock became the exclusive gathering and processing partner for BP and its farmees natural gas production around the acquired BP…
Leading Franchise in Texas Panhandle 60 active rigs in counties in which EROC operates (8- 12 rigs on dedicated acreage) Over 400 wells permitted in area over past six months Roberts 6,500 miles of gathering lines in…
New Texas Panhandle Acreage Dedications Eagle Rocks acquisition of BPs Texas Panhandle assets has given the Partnership extended reach and access to the largest producers in the area Eagle Rock has the tools in place to capitalize on…
Superior Economics Driving Production Growth 160% Projected Granite Wash Daily Production (1) 149% 3.5 3 140% Other(s) 2.5 Unit Corporation Penn Virginia Cimarex Energy 120% 2 Single Well Returns (2) Linn Energy…
The Texas Panhandle Fairway: Stacked Pay Zones Industry has drilled more than 2,600 horizontal wells to these formations Source: Apache Corporation and Eagle Rock Energy research. Includes Hansford, Hemphill, Hutchinson, Lipscomb,…
Eagle Rock Marketing (ERM) Transloading / Rail Rack Projects Currently Granite Wash crude and condensate is trucked from region ERM has designed and built two transloaders near Pampa, Texas on major rail line: Currently moving…
Strategic Footprint in East Texas / Western Louisiana Operating at approximately 75% utilization of total operating capacity in East Texas Area Continue to see third party drilling targeting Horizontal Woodbine and Tuscaloosa Marine…
Eagle Rock Energy Partners, L.P. Hedging Update
Robust Hedging Profile Includes Both Upstream and Midstream Hedgeable Volumes Crude, Condensate and NGLs (C2) (1) Ethane and Natural Gas (1) 100% 100% 80% 80% 60% 60% 86% 40% 81% 40% 76% 71% 48% 20% 20% 35% 28%…
Eagle Rock Energy Partners, L.P. Appendix
Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation Three Months Ended Tw elve Months Ended Decem ber 31, Decem ber 31, 2012 2011 2012 2011 ( in thousands) ( in thousands) Net cash flows provided by operating activities…
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