Strategically Located, Diversified Asset Base Eagle Rock (NASDAQ: EROC) is a growth-oriented MLP engaged in the midstream and upstream businesses, and is well-positioned to benefit from some of the most prolific producing basins in…
Delivering on Our Promises Over the past year, Eagle Rock has moved decisively to deliver on its stated goals of simplifying its structure, strengthening its balance sheet and expanding its growth opportunities 1 Completed…
Financial Performance Improving Capitalization Profile Our debt reduction efforts and improved growth profile have been well-received by investors 14 00 14.00 2 500 2,500 Net Debt Equity Value EROC Unit Price 2,250 12.00…
Eagle Rock Energy Midstream Business Overview
Overview of Midstream Business Granite Wash East Texas / North Louisiana 1,213 miles of pipeline 7 processing plants 49,700 compression HP Panhandle (2) 3,963 miles of pipeline Haynesville Shale 7 processing plants Gulf of…
Eagle Rock Midstreams Commitment to Producers Our Goal To provide reliable and timely service that provides the best net backs to our customers in a safe and environmentally responsible manner. Managing producers producers processing…
Panhandle: Rich in Growth Opportunities Roberts R b t H Horizontal i t lW Wells ll 8 Permitted Hemphill Horizontal Wells Panhandle System Activity: 26 Permitted 104 Producing 128 Producing System is at 90% utilization…
Midstream: East Texas System Miles of Pipeline: 1,213 1Q11 Avg. Gathering Volume: 200 MMcf/d Processing Plants: 7 1Q11 Avg. Equity NGL / Compression HP: 49,700 Condensate Volume: 1.3 Mbbl/d Processing capacity: 188 MMcf/d 11
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 drilling d illi moving east into Louisiana…
Eagle Rock Energy Upstream Business Overview
Pro Forma Eagle Rock Upstream Assets Mid-Continent Mid C ti tA t (1): Assets Proved Reserves: 268 Bcfe Q1 2011 Prod. Rate: 43.4 MMcfe/d East Texas Area (2) % Gas (3): 89% Proved Reserves: 27 Bcfe Q1 2011 Prod. Rate: 7.6 MMcfe/d…
Crow Creek Acquisition Summary Transaction Acquisition of all equity interests of CC Energy II, L.L.C. (Crow Creek) for a total Summary purchase price of 530 million Approximately 317 million for equity interests Assumption of…
Mid-Continent Asset Base Golden Trend 62 O Op / 94 OBO Q1 11 Avg. Rate: 15.4 MMcfe/d Proved Reserves: 85 Bcfe Arkansas 36 PUDs Cana Shale Trend 52% of Proved Value No Op / 4 OBO Q1 2011 Rate: 1.9 1 9 MMcfe/d Proved…
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…
Diversified Production Base Eagle Rock (Pre-Crow Creek) (1) Pro Forma Q1 2011 Combined Cana 2% Permian Barnett 17% Alabama 14% 24% Arkoma A k South 10% Texas 2% Anadarko Alabama East Texas 23% (1) 5% 55% East Texas 10%…
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…
Upstream Capital Program Production Growth Driven by Low-Risk Drilling Inventory Eagle Rock Identified Locations PUD PROB Cana Shale 21 413 Golden Trend 36 2 Anadarko 42 21 Arkoma 46 11 180 Barnett Shale 4 9 120.0 Verden 33 13…
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…
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 Midstream Contacts Texas Panhandle Vice President President, Commercial T.J. Henderson Chris Wren 281-408-1340 281-408-1235 t.hendersoneaglerockenergy.com c.wreneaglerockenergy.com Houston, Texas Houston, TX East /…
Eagle Rock Upstream Contacts Senior Vice President, Upstream Business Vice President, Business Development Joe Schimelpfening Robert Hallett 281-408-1211 281 408 1211 281-408-1450 281 408 1450 j.schimelpfeningeaglerockenergy.com…
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…
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