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Investor Presentation – Athlon Energy Inc.

Athlon Energy Inc. · Jan 19, 2014 · 23 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. Investor Presentation – Athlon Energy Inc. – slide 1
    Investor Presentation January 2014
  2. Investor Presentation – Athlon Energy Inc. – slide 2
    Athlon Overview Highlights Midland Basin Ticker: ATHL Athlon Headquarters (Ft. Worth) Athlon Acreage Share Price: 30.25 Athlon Field Office (Midland) Market Diluted Share Count: 84.6mm Howard - Midland Basin Summary 157…
  3. Investor Presentation – Athlon Energy Inc. – slide 3
    Athlon Strategy Intense Focus on Rate of Return High-Quality Maximize EURs Assets Reduce D&C Costs The best acquisition Attention to costs and maximizing companies are the best EUR are key for low-risk prolific development…
  4. Investor Presentation – Athlon Energy Inc. – slide 4
    In the Midland Basin by Design Our focus on proven plays in prolific oil-weighted basins with multiple producing horizons and a favorable operating environment led us to the Midland Basin Undiscounted Acreage Value (1) (2) Permian…
  5. Investor Presentation – Athlon Energy Inc. – slide 5
    Organic Growth in Proved Reserves Replaced 14x production via Drillbit 86 90 80 70 35 Replaced 11x 52% Acquisition F&D 45 production via Organic Drillbit 11.03 / Boe 60 Proved Reserves (MMBoe) 46 7 (3) 50…
  6. Investor Presentation – Athlon Energy Inc. – slide 6
    Low-Risk, High-Growth Oil Company 2011 2012 2013 2014 25,000 71% 2013E 167% Growth Growth 20,000 13 MBoe/d 69% YOY growth Production, BOEPD 15,000 10,000 5,000 0 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012 2Q…
  7. Investor Presentation – Athlon Energy Inc. – slide 7
    Track Record of Improving Efficiencies Spud to TD (Days to 10,000 Depth) Gross Operated Vertical Wells Drilled per Quarter 20 8 rigs 5 rigs 7 rigs 7 rigs 7 rigs 16 50 46 43 44 44 15 40 34 35 10 30 Gross Wells 9 26…
  8. Investor Presentation – Athlon Energy Inc. – slide 8
    3Q13 Results Deliver on IPO Expectations Expectation 3Q13 Actual At IPO(1) Difference % Difference Production (BOE/D) 12,960 11,429 1,531 13% Revenue (MM) 88.4 73.2 15.2 21% % Oil 86% 84% EBITDA (MM) 63.3 54.4 8.9 16% Direct LOE…
  9. Investor Presentation – Athlon Energy Inc. – slide 9
    Full-Field Development Unlocks Reserve Potential Reserve Potential per 960 Acres (1-1/2 Sections)(1) Full-Field Development Schematic 960 Acres Horizontal Wells Vertical to Horizontal Horizontal Vertical 40s Vertical 20s Total Spaced…
  10. Investor Presentation – Athlon Energy Inc. – slide 10
    Low-Risk Vertical Inventory Midland Basin AGE Midland and Company Howard Other Glasscock Total Clear Fork Net Acreage 55,000 34,000 13,000 102,000 Locations: Leonardian Upper Spraberry Gross Vertical 40 Ac 1,560 419 289…
  11. Investor Presentation – Athlon Energy Inc. – slide 11
    Prolific Vertical Results Across Athlons Acreage Athlon Top Performing Vertical Well Map Athlon Top Performing Vertical Wells Athlon acreage 24 Hr IP 30-Day IP Midland Basin Well Nam e County Boed Boed Athlon Field 1 Bigony 48 1 How ard…
  12. Investor Presentation – Athlon Energy Inc. – slide 12
    Vertical Wolfberry Single-Well Economics ROR Sensitivity (%) 80% 75% Midland 70% 60% 55% 50% 50% 43% Howard 40% 39% Average 40% 50% 30% 34% 30% 39% Glasscock 30% 21% 32% 23% 29% 32% 20% 22% 15% 25% 10% 15% 19% 21% 14%…
  13. Investor Presentation – Athlon Energy Inc. – slide 13
    High-Growth Horizontal Potential Gross Locations Northern Midland Midland Basin Eastern Side Western Side Southern Midland Company Total Clear Fork Upper Spraberry To Be Quantified Jo Mill Lower Spraberry Dean…
  14. Investor Presentation – Athlon Energy Inc. – slide 14
    Industry Horizontal Wolfcamp Results & Permits Industry has derisked Wolfcamp offsetting Athlons Acreage 24 Hr IP 30-Day IP Lateral Well Name Operator County Boed (2) Boed (2) %Oil Reservoir Length 1 Dorcus 3035H SM Upton 1,571(3)…
  15. Investor Presentation – Athlon Energy Inc. – slide 15
    Athlon Horizontal Wolfcamp Program 1 Midland County 3 Howard County Drill 2 horizontal Wolfcamp B wells in 3Q 2013 Drill 3 horizontal Wolfcamp A wells in 1Q 2014 OOIP of 60 MMBO / Section: 400 450 ft. thick OOIP of 45 MMBO / Section:…
  16. Investor Presentation – Athlon Energy Inc. – slide 16
    Horizontal Wolfcamp Well Design Drilling Phase 1500 HP top drive rig 13-3/8 surface csg, 9-5/8 int csg, 5- 13-3/8 1/2 P-110 20 prod csg 10-12o deg/100 curve Drill lateral with oil-based mud system Estimated 30 days drilling time…
  17. Investor Presentation – Athlon Energy Inc. – slide 17
    West-Side Wolfcamp Type Curves Short Lateral (5,000 ft.) Medium Lateral (7,500 ft.) D & C Cost (MM) 6.9 D & C Cost (MM) 8.5 EUR (MBOE) 3 stream 500 EUR (MBOE) 3 stream 730 30-Day IP (Boe/d) 500 30-Day IP (Boe/d) 730 % Oil 68% % Oil…
  18. Investor Presentation – Athlon Energy Inc. – slide 18
    East-Side Wolfcamp Type Curves Medium Lateral (7,500 ft.) ROR Sensitivity: (EUR(1) vs. D&C Cost) D & C Cost (MM) 8.0 EUR(1) MBOE EUR (MBOE) 3 stream 625 600 700 800 900 30-Day IP (Boe/d) 625 7.0 43% 63% 84% 100%+ CAPEX MM 7.5…
  19. Investor Presentation – Athlon Energy Inc. – slide 19
    Deep Inventory Provides Tremendous Reserve Potential Highlights Gross Locations & Reserve Potential 10% of vertical total locations drilled to date Gross Vertical Locations Net Reserve Deep inventory of 4,900 gross vertical 40-Acre…
  20. Investor Presentation – Athlon Energy Inc. – slide 20
    Fully-Funded Drilling Program Pro Forma Capitalization Athlon 2013 Drilling Schedule ( in millions) September 30, 2013 Cash 196.9 Horizontal Vertical Total Wolfcamp Credit Agreement 0.0 2013 Senior Unsecured Notes 500.0 Rigs 6.5…
  21. Investor Presentation – Athlon Energy Inc. – slide 21
    Investment Highlights Over a decade together executing proven strategy to create value in both public and private markets Entrepreneurial Expertise in converting large reserve potential into shareholder returns Team 20 years…
  22. Investor Presentation – Athlon Energy Inc. – slide 22
    Company Information Athlon Energy Investor Relations 420 Throckmorton Street William Butler Suite 1200 Vice President Chief Financial Officer Fort Worth, TX 76102 Phone: 817-984-8200 Phone: 817-984-8200 Fax: 817-984-8217 Fax: 817-984-8217…
  23. Investor Presentation – Athlon Energy Inc. – slide 23
    EBITDA Reconciliation Three Months Ended Nine Months Ended September 30, September 30, 2013 2012 2013 2012 Consolidated net income (loss) 2,267 (2,096) 37,674 42,508 Interest expense,net 10,034 2,602 26,590 5,802 Income taxes 1,934…

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