Constellation Energy Partners LLC Third Quarter 2013 Earnings Presentation November 15, 2013
Updates Operating highlights: (1) (2) 50% of YTD13 sales revenue from oil Average daily net oil production of 564 Bbl YTD13 YTD13 operating cost of 25.15 per BOE (4.20 per Mcfe) (3),(4) Adjusted EBITDA of 7.4 million in Q313;…
Q313 Financial Results Q313 vs. Q213 Q313 vs. Q312 ( in 000s unless noted) Q313 Q213 Q313 Q312* Production (MBOE) 335 308 335 337 Oil & Gas Sales 16,476 13,042 16,476 13,435 Gain (Loss) from Mark-to-Market Activities (4,345) 2,346…
Appendix
Portfolio Summary Legacy Assets Existing Reserves New Activity Central Kansas Uplift Total: 402 Bcfe Drilling focus: Cherokee Basin oil opportunities in the Pennsylvanian aged Proved reserves, total: 136 Bcfe horizon with the…
Oil Hedge Positions(1) Fixed Price Swaps Bbl Hedged Weighted Average Sales Price (/Bbl) BOY 2013 65,256 99.93 2014 222,476 94.70 2015 175,813 91.02 2016 66,117 85.50 (1) As of September 30, 2013 NOTE: The company accounts for…
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) YTD13 Q413 Q313 Q213 Q113 Q312* Net income (loss) (12,791) - (3,257) 1,112 (10,646) (10,269) Interest (income) expense, net 2,636 - 420 864 1,352…