Skip to main content RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. Investor Presentation | Shale Experts
Loading...
Pm

RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc.

Sandridge Energy, Inc. · Jun 4, 2012 · 21 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. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 1
    RBC Capital Markets Global Energy and Power Conference June 4, 2012
  2. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 2
    SandRidge: Low Risk, Shallow, Conventional Oil Financial and Operational Summary Operations Overview Market Value Mid-Continent ( in millions, except for share price) Mississippian 1,700,000 net acres SD Share Price (05/24/12)…
  3. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 3
    Path to Three Year Objectives 2012 2014 / 2015 EBITDA 2 Billion On pace for double digit annual 1 Billion of EBITDA (2014) EBITDA growth Double Oil Production Mississippian: 1.7MM acres, 2012 Oil growth: 54%(a) (from 2011…
  4. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 4
    Mississippian Vast Resource Potential Mississippian Project Shallow, Carbonate Oil Play 17 million acre prospective area Kansas SD 1.7 million net acres Central Kansas Uplift SD 8,000 potential net locations(a) (Miss Absent)…
  5. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 5
    Value Creation from Mississippian Play Mississippian Accomplishments Acres 2.2 Million Accumulation Accumulated 2.2 Million acres over Lease Costs 470 Million last two years Total cost 470 Million Per Acre Cost 215 / acre…
  6. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 6
    Mississippian 686 Drilled Wells and 72 Active Rigs Wells Drilled Active Rigs SandRidge* 315 25 Chesapeake 190 22 Eagle 48 3 Calyx 16 2 Harper Sumner Comanche Barber Range 15 3 14/0 0/0 13/2 8/1 Plymouth 13 1 4/6 2/0 5/1 5/0…
  7. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 7
    Mississippian Operated Wells Peak 30 Day Avg Rates 160 Miles Barber 423 Boe/d Comanche Harper 202 Boe/d 351 Boe/d KS OK Grant 100 Miles 284 Boe/d Kay 353 Boe/d Woods Alfalfa 203 Boe/d 377 Boe/d Noble Garfield…
  8. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 8
    Mississippian Performance Comparison 30 Day Peak Rates 30-Day Avg 500 450 400 350 319 302 300 275 Avg Boe/d 244 ROR 114% ROR 99% 250 ROR 79% 200 ROR 76% All operated & 150 All operated 30 days of& production…
  9. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 9
    Mississippian Production Growth 34,000 160 New SD High: 32,000 150 30,558 Boe/d 30,000 (05/22/2012) 140 28,000 130 26,000 120 24,000 110 22,000 100 20,000 90 Net Boepd Rig Count 18,000 80 16,000 70 14,000 60…
  10. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 10
    Mississippian Economics 204 Mbbl (100% Crude) 1,512 MMcf 456 Total MBoe 3.2 MM/well(a) 275 Boe/d 30 day IP PV-10 4,935 M(b) 79% IRR(b) Total Resource (net acres) WI 100%, NRI 83% 2012 Drilling Program 380 wells WI 62%, NRI…
  11. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 11
    Permian Central Basin Platform Tex-Mex Robertson Shallow, Carbonate Oil Play 225 M net acre prospective area Fullerton 7,350 potential locations Fuhrman - Mascho 4,500 9,000 depth to target formation Most active driller (13…
  12. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 12
    Permian Economics 53 Mbbl (85% Crude) 27 MMcf, dry 58 Total MBoe 643 M/well 53 Boe/d 30 day IP PV-10 645 M(a) 61% IRR(a) 2012 Drilling Program WI 91% NRI 70% Total Resource WI 88% NRI 68% 7,350 Locations 13 (a) NYMEX…
  13. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 13
    Gulf of Mexico Strategy DOR acquisition consistent with SandRidge strategy as an early mover into undervalued oil assets Continues focus on oil production from high quality reservoirs with decades of production history Oil priced…
  14. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 14
    Hedges Actively Locking in High Rates of Return Oil Swaps Oil Collars Price Volume (MMBbls) Ceiling Floor Volume (MMBbls) 1Q12 99.21 3.04 - - - 2Q12 100.23 3.73 114.00 85.00 0.07 3Q12 100.52 4.05 114.00 85.00 0.06 4Q12 100.67 4.20…
  15. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 15
    Company Strategy Generate high rates of return from Continue focus on improving credit quality oil assets metrics Drive double digit oil growth through Lock in returns and protect downside SandRidge Strategy Mississippian…
  16. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 16
    Appendix
  17. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 17
    2012 Operational Guidance Production Differentials Oil (MMBbls) (a) 18.2 Oil (a) 9.00 Natural Gas (Bcf) 84.8 Natural Gas 0.50 Total (MMBoe) 32.3 Capital Expenditures ( in millions) Cost per Boe Exploration and Production 1,550…
  18. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 18
    2012 E&P Capital Expenditure Plans Well Count Total Gross Net Capex (MM) Mid-Continent 380 236 755 Mid-Continent - SWD 57 43 135 Permian 759 686 479 Offshore (Dynamic) N/A N/A 200 All Other Areas N/A N/A 24 Sub-total 1,195…
  19. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 19
    Capital Structure Overview in millions Senior Notes Preferred Stock Floating Rate Sr Notes due 2014 350 8.5% Convertible Perpetual Preferred (a) 265 9.875% Sr Notes due 2016 355 6.0% Convertible Preferred (b) 200 8.0% Sr Notes due…
  20. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 20
    Royalty Trusts Overview SDT PER SDR Units % Units % Units % SD Retained Units Subordinated Units 7,000,000 25.0% 13,125,000 25.0% 12,431,250 25.0% Common Units 2,166,063 7.7% 2,875,000 5.5% 7,393,750 14.9% Total SD 9,166,063…
  21. RBC CAPITAL MARKETS GLOBAL ENERGY AND POWER CONFERENCE – Sandridge Energy, Inc. – slide 21
    Contact: Kevin R. White, SVP Business Development Address: 123 Robert S. Kerr Avenue, Oklahoma City, OK 73102 Phone: 405-429-5515 Email: kwhiteSandRidgeEnergy.com Website: www.SandRidgeEnergy.com

From the store

Browse maps, data & reports in the Shale Experts store