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Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp

Eagle Rock Energy Partners Lp · Dec 11, 2013 · 26 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. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 1
  2. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 2
    Eagle Rock Energy Partners, L.P. Partnership Overview and Recent Highlights
  3. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 3
    Eagle Rock Energy Partners, L.P. Today 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 the U.S.…
  4. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 4
    Drivers of Growth Midstream Business: Continued Growth in the Texas Panhandle Expansive system with significant scale and reach across several prolific plays in the Texas Panhandle Broad footprint and high quality processing assets…
  5. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 5
    Eagle Rock Energy Partners, L.P. Midstream Business Overview
  6. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 6
    Midstream Business Morrow/Cleveland Tonkawa Granite Wash Hogshooter Panhandle (1) 6,514 miles of pipeline 11 processing plants 211,500 compression HP Gathering Volume: 393 MMcf/d Equity NGL/Condensate: 5,816 Bbls/d…
  7. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 7
    Leading Franchise in Texas Panhandle 86 active rigs in counties in which EROC operates (10 - 15 rigs on dedicated acreage)(1) Completed June 2013 Over 330 new wells permitted in area over past six months Roberts Completed May…
  8. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 8
    Development of the Texas Panhandle Super System 2010 2011 2012 2013 Texas Panhandle Midstream Phoenix Plant Woodall Plant Apache Midstream Contract On October 9, 2010, the Partnership 20 million, 30 MMcfd expansion of the On June 4,…
  9. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 9
    The Texas Panhandle Fairway: Stacked Pay Zones Industry Has Drilled More Than 2,700 Horizontal Wells to These Formations Source: Apache Corporation and Eagle Rock Energy research. Includes Hansford, Hemphill, Hutchinson, Lipscomb,…
  10. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 10
    BP Acquisition: Accelerating Growth Since the beginning of 2011, Eagle Rock has secured commitments for over 670,000 acres in the Texas Panhandle; with over 620,000 acres facilitated by expanded footprint following the BP Acquisition…
  11. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 11
    Texas Panhandle Growth Eagle Rocks Texas Panhandle wellhead volumes have significantly increased since the BP Acquisition due to new acreage dedications Texas Panhandle Wellhead Volumes Since 2012 (MMcf/d) 450.0 Wellhead Volumes…
  12. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 12
    Shifting Midstream Contract Mix Reduced Commodity Exposure Through Increased Fee-Based Business Through the new or amended contracts with BP, Apache, Anadarko and others, the Partnership has taken significant steps in transitioning to…
  13. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 13
    Eagle Rock Energy Partners, L.P. Upstream Business Overview
  14. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 14
    Geographically Diverse Upstream Assets Mid-Continent Assets Proved Reserves: 233 Bcfe Avg. Prod. Rate (1): 48.8 MMcfe/d % Gas (1): 58% Net Operated Wells: 235 Average Operated WI: 83% Permian Area Alabama/Miss. Area Proved…
  15. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 15
    Diversified Reserve Base Across High Quality Basins Reserve Profile Alabama 350 Bcfe of proved PUD 17% NGLs Oil 24% South reserves at 12/31/12 22% Texas 22% 1% East Texas 7% 13-year reserve life (1) Permian 8% Gas 56%…
  16. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 16
    Woodford Regional Overview Strat Column Oklahoma/Tx Panhandle STACK (1) System Series Cret Formation eroded Leonard Permian Brown Dolomite Wolfcamp CANA Douglas SS Virgilian Tonkawa SS Lansing Ls WOODFORD Missourian…
  17. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 17
    Golden Trend and Cana Woodford Trend Broad Development and Expansion Continues Across Eagle Rocks Acreage Position Current Production Eagle Rock Position SE Cana Legacy 1.1 Cana Cana Development Area: Interest MBoe/d 1.2 19%…
  18. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 18
    SCOOP: Southeast Canas Results Continue SCOOP EROC owns approximately 16,500 net Sparks 1-27H (CLR) August 2013 acres in SCOOP IP24 Hr: 775 Boepd (71% oil) 22 rigs currently drilling in Grady, (1.3 MMcfd, 553 Bopd) Garvin, McClain…
  19. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 19
    Golden Trend Update Producing Formations GR Log One to Two Rig Vertical Program Drilling Bromide/Big Four Wells During 2013 Deese (Hart Sand) Trula 1-16 (99% WI) Brown Trust 1-3 (93% WI) 1st Sales: 8/8/2013 Completing IP30: 80…
  20. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 20
    Golden Trend Upside Overview 2013 Drilling Wedge Operated Trend New Drills 2-rig program active through most of 2013 Gross (Boe/d) 3rd Party 2,500 Processing Plant Shut-in Vertical Bromide/Big 4 well performance has 2,000…
  21. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 21
    Eagle Rock Energy Partners, L.P. Hedging Update
  22. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 22
    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% 103% 93% 40% 82% 81% 40% 75% 55% 58% 52% 20%…
  23. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 23
    Diversified Gross Margin with Direct Product Hedges (1) Eagle Rocks Hedge Portfolio Consists of Direct Product Hedges and Proxy Hedges Total Eagle Rock 2014E Gross Margin, Broken Out by Product 2014E % Hedged, Broken Out by Product…
  24. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 24
    Eagle Rock Energy Partners, L.P. Appendix
  25. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 25
    Strategic Footprint in East Texas / Western Louisiana Operating at approximately 70% utilization of total operating capacity in East Texas Area Continue to see third party drilling targeting Horizontal Woodbine and Tuscaloosa Marine…
  26. Wells Fargo Securities Pipeline MLP and Energy Symposium – Eagle Rock Energy Partners Lp – slide 26
    Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation Three Months Ended Nine Months Ended Septem ber 30, Septem ber 30, 2013 2012 2013 2012 ( in thousands) ( in thousands) Net cash flows provided by operating activities…

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