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 midstream and upstream businesses and is well-positioned to benefit from some of the most prolific producing basins in the U.S.…
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…
Eagle Rock Energy Partners, L.P. Midstream Business Overview
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…
Leading Franchise in Texas Panhandle 88 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…
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,…
Superior Economics Driving Production Growth At current NYMEX strip pricing, Granite Wash ranks in top 5 most economical plays in the country, in terms of ROR Cleveland and Tonkawa rank among the top 20 124% 100% 78% 80%…
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…
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…
Eagle Rock Energy Partners, L.P. Upstream Business Overview
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…
Diversified Reserve Base Across High Quality Basins Reserve Profile Alabama 350 Bcfe of proved reserves PUD 17% NGLs Oil 24% South at 12/31/12 22% Texas 22% 1% East Texas 7% 13-year reserve life (1) Permian 8% Gas 56%…
Woodford Regional Overview Strat Column Oklahoma/Tx Panhandle STACK1 System Series Cret Formation eroded Leonard Permian Brown Dolomite Wolfcamp CANA Douglas SS Virgilian Tonkawa SS Lansing Ls WOODFORD Missourian…
Golden Trend and the Cana Woodford Trend Broad Development and Expansion Continues Across Eagle Rocks Acreage Position Eagle Rock Position SE Cana Legacy 1.1 Cana Cana Development Area: Interest MBoe/d 1.2 19% MBoe/d in 72 producing…
SCOOP Resource Potential Meaningful Position in Leading Resource Play Total Resources by Hydrocarbon (1) Through initial learning curve and seeing reductions in drilling times and costs Oil Expect ROR of 48%-74% 27% NGL 39% 44%…
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…
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…
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% 103% 93% 40% 82% 81% 40% 75% 55% 58% 52% 20%…
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…
Eagle Rock Energy Partners, L.P. Appendix
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…
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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