Constellation Energy Partners LLC First Quarter 2014 Earnings Presentation May 19, 2014
Updates Q114 operating highlights: 44% of sales revenue was from oil & liquids (1) (2) Average daily net oil & liquids production of 907 Bbl (up from 730 Bbl in Q413) Total operating cost of 25.18 per BOE (4.19 per Mcfe)(3)…
SOG Services Agreements Shared Services Agreement (SSA) An affiliate of SOG will provide all services that CEP requires to operate its business Compensation consists of an administrative fee, a quarterly fee, reimbursement of…
Q114 Financial Results* Q114 vs. Q413 Q114 vs. Q113 ( in 000s unless noted) Q114 Q413 Q114 Q113 Production (MBOE) 372 387 372 335 Oil & Gas Sales 16,738 17,455 16,738 14,385 Gain (Loss) from Mark-to-Market Activities (4,997)…
Appendix
Portfolio Summary Constellation Energy Partners LLC Existing Reserves New Activity Total: 104 Bcfe Drilling focus: Cherokee Basin oil opportunities in the Pennsylvanian aged Proved reserves, total: 73 Bcfe horizon with the Burgess,…
Oil Hedge Positions(1) Fixed Price Swaps Bbl Hedged Weighted Average Sales Price (/Bbl) 2014 213,791 95.53 2015 258,830 91.04 2016 214,970 85.64 (1) As of May 15, 2014 NOTE: The company accounts for derivatives using the…
Non-GAAP Financial Measures Use of Non-GAAP Financial Measures: EBITDA and Adjusted EBITDA are non-GAAP financial measures that are reconciled to their most comparable GAAP financial measure under Reconciliation of Non-GAAP Financial…
Reconciliation Items* Reconciliation of Net Income (Loss) to Adjusted EBITDA ( in 000s) YTD14 Q414 Q314 Q214 Q114 Q413 Q113 Net income (loss) (2,939) - - - (2,939) (13,066) (10,646) Interest (income) expense, net 525 - - - 525 514…
Loading...
