Skip to main content ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. Investor Presentation | Shale Experts
Loading...
Pm

ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp.

Unit Corp. · Feb 19, 2015 · 25 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. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 1
    EnerComs The Oil & Services Conference February 19, 2015
  2. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 2
    Overview of Operations Tulsa based diversified energy company incorporated in 1963 Integrated approach to business allows Unit to balance its capital deployment through the various stages of the energy cycle 14 16 Casper…
  3. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 3
    Key Growth Points Exploration & Production 211% average production replacement since 2004 Liquids production has grown 162% since the end of 2009 Proved reserves: 160 MMBoe (1) Drilling Grown rig count 21% since 2004 Sold 22…
  4. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 4
    First 9 Months YOY Accomplishments Unit Corporation Revenue increased 20% Adjusted EBITDA increased 26% (1) Oil and Natural Gas Segment Production has increased 9% Liquids production (oil and NGLs) have increased 18% Contract…
  5. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 5
    Strong Capital Discipline Debt to market capitalization of 22% Strong access to capital No near-term maturities Consistent growth profile for all segments Oil and natural gas exploration not driven by lease expirations 6
  6. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 6
    Track Record of Reserve Growth Proved Reserves (MMBoe) 160 160 150 Stable and consistent economic growth 140 120 116 of oil and natural gas reserves of at 104 100 86 95 96 least 150% of each years production 80 79 69 60 58…
  7. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 7
    Increasing Production While Improving Commodity Mix Annual Production (MBoe/d) 60 50 46 9%-10% 40 39 33 30 28 27 20 10 0 2009 2010 2011 2012 2013 2014E Net Wells Drilled: 43 88 82 80 91 Oil / NGLs Natural Gas…
  8. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 8
    Core Upstream Producing Areas Key focus areas include: Mid Continent Region Gulf Coast: Wilcox (Southeast Texas) Mississippian Mid-Continent: SOHOT Hoxbar (Western Oklahoma) Granite Granite Wash (Texas Panhandle) Wash…
  9. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 9
    Wilcox (Liquids) Overall Highlights: TYLER JASPER NEWTON Drilled 126 operated vertical POLK wells since 2003 (11 years) 92% average WI Q3 14 avg. production: 65 MMcfe/d 3D AREA 494 mi. 43% liquids (11% oil) Gilly Field…
  10. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 10
    Hoxbar (Oil/Liquids) SOHOT Medrano & Marchand Sands Medrano Marchand Claiborne 1-4H Allen 16-1H Rosey Havenstrite 1-30H Discovery 2011 (2013) (2014) IP30: 897 boe/d IP30: 1,312 boe/d Extensional Extensional Area Area Cody…
  11. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 11
    Granite Wash (Liquids) Historical Highlights: Buffalo Wallow Highlights: Completed 93 operated Completed 9 H wells horizontal wells since 2008 GW [B, C(3), D, E(3), F] zones Average WI: 80% Average WI: 100% Buffalo Q3 14 avg.…
  12. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 12
    Mississippian (Oil) Central Kansas Horizontal Wells by Uplift Core Leasehold Operator Highlights: UNIT TAPSTONE CHESAPEAKE Q3 14 avg. production: 1,860 Boe/d DEVON RANGE 71% liquids (61% oil) SANDRIDGE OTHER Avg. working…
  13. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 13
    Significant Drilling Presence in Attractive Producing Regions Bakken 121 rig fleet Fleet average 1,100 HP rating; Almost all of contracted rigs drilling horizontal wells 67% utilization rate for Q3 2014 Pinedale Anticline 54%…
  14. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 14
    Average Dayrates and Margins (1) 20,000 90 Average Number of Rigs Utilized 15,000 Margins / DayRates () 60 10,000 30 5,000 0 0 2010 2011 2012 2013 9 mos. '14 Margins Dayrates Rigs Utilized (1) 15 Margins…
  15. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 15
    Rig Fleet Snap Shot 72% of Total Fleet
  16. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 16
    Introducing the New BOSS Drilling Rig Optimized for Pad Drilling Multi-direction walking system Faster Between Locations Quick assembly substructure 32-34 truck loads More Hydraulic Horsepower (2) 2,200 horsepower mud pumps…
  17. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 17
    Midstream Core Operations Pittsburgh Mills Texas Panhandle Northern Oklahoma and Kansas 32,000 dedicated acres 1,750,000+ dedicated acres Pittsburgh Regional office 135 MMcf/d processing capacity 188 MMcf/d processing capacity…
  18. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 18
    Midstream Segment Historical Performance 34% compound growth rate in assets since year-end 2004 Operating 14 processing plants at eight different locations with combined processing capacity of 335 MMcf per day Increased from 12 to…
  19. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 19
    Midstream Segment Contract Mix 2010 Contract Mix Based on Volume Q3 2014 32% 49% 51% Fee Based 68% Commodity Based Contract Mix Based on Margin 15% Fee Based 56% 44% 85% Commodity Based Unit vs. 3rd Party Margin…
  20. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 20
    Appalachian Growth Opportunities Constructing Snowshoe Gathering System in Centre County, PA Estimated Total Capital: 97 million Initial 2015 Capital: 40 million Additional extensions of Pittsburgh Mills gathering system…
  21. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 21
    Balance Sheet Summary 9/30/14 12/31/13 (In Millions) Total Assets 4,431.8 4,022.4 Long-Term Debt Senior Subordinated Notes 646.0 645.7 Bank Facility 30.8 Total Long-Term Debt 676.8 645.7 Shareholders Equity 2,367.5 2,173.4…
  22. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 22
    Segment Contribution Revenues ( millions) Adjusted EBITDA ( millions)(1) 1,400 1,315 1,352 800 1,208 1,194 1,200 657 657 602 587 600 1,000 871 800 441 400 600 400 200 200 0 0 2010 2011 2012 2013 9 mos. '14 2010…
  23. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 23
    Capital Expenditures (In Millions) 1,500 1,000 500 0 2010 2011 2012 2013 2014 Forecast Oil and Natural Gas Contract Drilling Midstream Acquisitions 24
  24. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 24
    Current Debt Structure Senior Subordinated Notes 650 million, 6.625% Ratings S&P Moodys Fitch Corporate BB- Ba3 BB 10-year, NC5; maturity 2021 Senior Subordinated Notes BB- B1 BB- Unsecured Bank Facility Current Borrowing…
  25. ENERCOMS THE OIL & SERVICES CONFERENCE – Unit Corp. – slide 25
    EnerComs The Oil & Services Conference February 19, 2015

From the store

Browse maps, data & reports in the Shale Experts store