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IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp

Postrock Energy Corp · Apr 13, 2010 · 27 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. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 1
    IPAA OGIS New York Presentation April 13 13, 2010
  2. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 2
    Introduction On March 8, 2010, PostRock began trading as a new public company that was created through the merger of three entities: Quest Resource Corporation, Quest Energy Partners, L.P. and Quest Midstream Partners, L.P. Following…
  3. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 3
    Strategically g y Positioned for Growth 1. Transformational leadership team 2. Dominant, vertically integrated Cherokee Basin position Long-life, low-cost, low-risk natural gas production Plans to deliver ggas p production to…
  4. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 4
    Company p y Overview Company Description Reserves No Hedge Benefit1 Vertically integrated energy company involved in the acquisition, PostRock Pro Forma p exploration, , development, p ,pproduction and transportation p oil and SEC…
  5. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 5
    Selected Reserve and Production Statistics Net Oil and Gas Production Total Proved Reserves (SEC Pricing)1 25 250 20 200 15 150 Bcfe Bcfe 10 0 100 5 50 0 0 2006 2007 2008 2009 2006 2007 2008 2009 Gas Oil Proved…
  6. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 6
    Cherokee Basin Overview Asset Highlights Cherokee Basin Assets 86.8 Bcfe of estimated net proved reserves as of FYE 2009 516,184 net acres: 394,811 producing acres 121,373 non-producing acres The largest g p producer of natural…
  7. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 7
    Leading Position in the Cherokee Basin PostRock Acreage Highlights P PostRock tR k has h lleading di position iti iin Ch Cherokee k B Basin i iin tterms off acreage, infrastructure, production and reserves PostRock is the…
  8. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 8
    Integrated g Approach pp PostRock's pphilosophy p y is to control its own destiny y Company-owned p y hydraulic y fracture unit,, throughout the life cycle of a well manufactured in 2009 Cherokee Basin is relatively isolated…
  9. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 9
    Production Enhancement: Submersible Technology gy Overview Old Design Production from wells with submersible pumps is approximately 11.5 Mmcf/d 189 existing wells converted to subs from beam pump in 2008 50 Mcf/d average increase…
  10. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 10
    Production Impact: p Submersible Pumps p Conversion (RB 5-1) Underperformed for 2 Years Converted 3/26/08 U Upsized i d submersible b ibl pump size i 2/27/09 = 30+ Mcf gain Current production of 160 Mcf/d New Well (WN…
  11. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 11
    Submersible Technology gy Impact p New Well Submersible technology 60 accelerates peak production and significantly improves well economics 50 40 MCF/D 30 20 10 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16…
  12. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 12
    Well Servicing: Premium Performance Overview Average Number of Wells Offline Performed P f d by b iinternal t l oilfield ilfi ld service i division di i i 60 52 50 45 42 Industry-leading off-line well count of less than 1% 40…
  13. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 13
    Lease Operating p g Expense: p SCADA Well Pumping p g Overview Lean manufacturing SCADA well pumping initiated in Quest Chanute Quest Chanute PostRock Office August 2008 Utilize the real-time production info generated by SCADA…
  14. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 14
    Well Economics 2010 Capital Expenditures & Well Economics with Submersibles 2010 Cherokee Basin capital program: Approximately Appro imatel 130 new ne wells ells online Extend leases and replace equipment Complete additional coal…
  15. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 15
    KPC Interstate Pipeline p Overview Asset Highlights Pipeline Map 1,120 mile interstate natural gas pipeline that transports natural gas from northern Oklahoma and western Kansas to the metropolitan Wichita and Kansas City…
  16. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 16
    KPC Physical y Flow To Optimize p Cherokee Value Connect PostRock Cherokee Basin supply to KPC and use footprint to access higher priced markets Delivery to the northeast via REX capacity release providing potential for greater…
  17. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 17
    Appalachian Basin Overview Asset Highlights Appalachian Basin Details 20.5 20 5 Bcfe estimated proved reserves as of FYE 2009 44,507 net acres 35,733 producing acres 8,774 non-producing acres Average net daily production of 2 2.9…
  18. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 18
    Marcellus Shale Overview Activity Update, Capital Expenditures and Well Performance Completed horizontal Marcellus well in Wetzel County, WV in November 2009 Completed vertical Marcellus well in Wetzel County, WV in January 2010 2010…
  19. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 19
    Valuable Marcellus Shale Acreage g Position Wetzel County, WV CHK Falcon 2,293 net acres (operator of 50% JV) 26 horizontal well locations identified East Res. 55mm development (50%) GST DAC Corp. 3-to-4 3 to 4 year ear drilling…
  20. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 20
    Actively y Managed g Hedge g Position Hedging protects well economics and cash flow Volumes Hedged g Through g Swaps p Natural Gas Swaps1 20,000 Price Volume Term (/Mcf) (Mmcf) 15,000 Jan - Dec 2010 6 07 6.07 16 249 16,249…
  21. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 21
    Financial Summary y Selected Operating p g Financials Production (Bcfe) Consolidated Operating Financials 25.0 21.8 21.7 (mm) 2007 2008 2009 20.0 17.0 Crude Price (/Bbl) 61.10 92.36 69.63 15.0 Natural Gas Price (/Mcfe) 6.18 7.32…
  22. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 22
    Capitalization p Summary y YE 09 Capitalization and Credit Statistics (mm) 12/31/09 Cash 20.9 QELP 1st Lien Term 145.0 QELP 2nd Lien Term 29.8 QMLP Term 118.8 QRCP Term and Promissory Notes 31.4 QRCP Revolver 4.3 Total Debt…
  23. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 23
    Experienced p Management g Team Senior management team has an average of 27 years of industry experience David D id Lawler L l Jack J kC Collins lli Chief Executive Officer, President & Director Chief Financial Officer 18 years…
  24. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 24
    Summary y Transformational leadership team Dominant, Dominant vertically integrated Cherokee Basin position with planned export capacity to national natural gas markets Material lease position in Appalachia Stable…
  25. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 25
    Appendix
  26. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 26
    Non-GAAP Financial Measures EBITDA Reconciliation PV-10 Year Ended, December 31, The PV-10 value of our reserves is a non-GAAP financial measure. PV-10 value is (mm) 2007 2008 2009 derived from the standardized measure of discounted…
  27. IPAA OGIS NEW YORK PRESENTATION – Postrock Energy Corp – slide 27

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