Midstates Petroleum Overview Average 2013 Daily Production 23,927 Boe/d Oil (% Total) 10,697 Boe/d (45%) NGL (% Total) 4,711 Boe/d (20%) Proved Reserves 12/31/13 127.8 million BOE Oil (% Total) 54.9 million BOE (43%) NGL (% Total)…
Execution Drives Growth.But 67% CAGR 47% CAGR Demonstrated history of growth 121% CAGR Organic F&D costs: 13.59/Boe Acquisition Costs: 16.48/Boe All-in F&D & Acq Costs including Revisions: 20.09/Boe Mid-Con only all in F&D &…
Refocused Energy Deliver Financial Stability Focus on Core Areas in the Miss Lime & Anadarko Enhance Adjusted EBITDA & Production Value Expand, High-grade Inventory Continue Operational Excellence Evaluate Options to Unlock…
Focus on Core Area Mississippian Lime: Premier Position Premier position in the trend 84,300 net acres in the Mississippian Lime in Woods & Alfalfa counties, Oklahoma (1) 73% avg. WI and 56% NRI Highest return wells in our…
Focus on Core Area Mississippian Lime: Building Momentum Net Production (Boe/d) Production up 144% from Q4 12 to Q4 13 LOE/Boe down from 8.53 to 5.54 Drilling replaced 726% of 2013 production 5 operated rigs currently drilling…
Enhance Adjusted EBITDA & Production Value Mississippian Lime: Differentiated Performance Top Tier overall well performance in the Mississipian Lime trend 139 wells on production 30 days: Average peak 30-day rate of 545 Boe/d Peak…
Focus on Core Area Anadarko Basin: Liquids Rich Targets Strong acreage position 129,800 net acres (66% held by production) 95,500 acres in Northeast Texas Panhandle 34,300 acres in Western Oklahoma 65% avg. WI and 52% NRI Solid,…
Expand, High-Grade Inventory Anadarko Basin: Prolific Multi Stacked Horizons Multiple Producing Formations Cleveland and Marmaton Well established Good well control and predictability Solid results Tonkawa and Cottage Grove…
Expand, High-Grade Inventory Anadarko Basin: Well Performance and Highlights Encouraging early results from all 4 formations currently being developed Solid results from core Cleveland program Initial Marmaton, Cottage Grove and…
Expand, High-Grade Inventory Fleetwood 3D Seismic Area: Organic Growth Potential Upper Gulf Coast Tertiary Trend 30,000 acres leased 220 MMBoe un-risked resource potential Robust inventory Planning to drill up to 4 wells in…
Continue Operational Excellence Operating Cost Improvements Assets deliver strong margins, enhanced by low cost structure Improvements in infrastructure have reduced electricity costs and SWD costs in the Mississippian Lime…
Enhance Adjusted EBITDA & Production Value Demonstrating Capital Efficiency Guidance: 500 to 550 million 62% Miss Lime, 35% Anadarko, and 3% Gulf Coast Excludes Capitalized Interest(1) 10 rigs running in 1Q 2014 Five in the Miss…
Deliver Financial Stability Enhanced Financial Position Strong EBITDA growth Q4 2013 Adjusted EBITDA 119mm millions Projected debt/EBITDA of 3.5x by year end 2014 Liquidity solved through at least the end of 2015 Fully Diluted…
Refocused Energy Deliver Financial Stability Focus on Core Areas in the Miss Lime & Anadarko Enhance Adjusted EBITDA & Production Value Expand, High-grade Inventory Continue Operational Excellence Evaluate Options to Unlock…
Appendix 18
Guidance (as of March 11, 2014) Q1 2014 FULL YEAR 2014 Daily Production (boe/day)(1) 30,000 - 31,000 (1) 33,500 - 36,500 (1) Miss+ Anadarko LA Miss+ Anadarko LA By Area 58% 30% 12% By Area 60% 30% 10% Oil 35-40% 45-50% 60-65% Oil…
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