Alta Mesa Holdings, LP Natixis High Yield Energy Seminar November 2014
Alta Mesa Overview Systematic, Progressive, Repeatable Development of Large Resources Sooner Trend Resource (1) 41,000 net acres HBP; multi-year, multi-rig programs Weeks Island Field Area (1) Stacked pay: horizontal development of…
2014 Capital Plan Continued Focus on High Margin Liquids Rich Projects CAPEX by Major Areas (MMs) Drilling, Completion, and Infrastructure CAPEX by Area 180 Capital Allocation 2014 capital budget 360 million 160 80% allocated to…
Operating Efficiency & Profitable Growth Production Proved Reserves PV-10 (MBOE/d) ( in Millions) (1) (2) EBITDAX Proved Reserves PV-10 (MM) (4) Proved Reserves (MMBOE) (4) ( in Millions) 1,406 MM 60 MMBOE (1) (3) (1)…
Consistently Effective Hedging Disciplined Price Risk Management Protects Future Revenues, Preserves Asset Option Value Commodity Price Risk Management AMH actively manages price risk for expected future production to minimize impact…
Price Risk Management Continual Process Active Management Protects Portfolio Average volumes hedged with future-year contracts (as of beginning of prompt year) YE2010 YE2011 YE2012 September 2014 (Prompt Year 2011) (Prompt Year 2012)…
Hedge Book Provides Balance Sheet Durability Significant Oil and Gas Downside Protection in 2015 Projected impact to cash flow from settlement of derivative contracts ( in MMs) Oil Prices 40 50 60 70 80 90 4Q 2014 25.0 21.1 17.2…
Core Asset Operations & Opportunities
South Texas Eagle Ford Acreage position in the core of the Eagle Ford in Karnes County Overview (1)(2)(3) Karnes Acreage Position Proved Reserves 7.3 MMBOE PV10 (MM) 218 % Proved Developed 9% R/P 7.6x September14 Production…
Future Eagle Ford Development Significant Upside in Downspacing and Operational Efficiencies Future Development Dove Pad Upper / Lower EFS Wine Rack Test 40-acre proved reserves development 4 additional 20-acre Upper EFS staggered…
Weeks Island Area Multi-discipline application of modern technology and sound operations Overview (1)(2)(3) Proved Reserves 8.7 MMBOE PV10 (MM) 449 % Proved Developed 67% R/P 4.6x September14 Production 6,051 BOEPD % Liquids…
Weeks Island Development Generating multi-year drilling inventory and new reserves with advanced geophysics, geology, and engineering Systematic, progressive, and repeatable Definition and development of - Undrilled reservoirs -…
Weeks Island Area Applying Proven Ability and Techniques to Build Reserves and Drilling Inventory West Flank Northwest North/Northeast East Flank Initial focus: 2010 Initial Focus: 2012 Initial Focus: 2014 Initial Focus: 2014 26…
Sooner Trend Horizontal development of stacked pays = step change in reserves and production Overview (1)(2)(3) Stacked Pay Development Potential Proved Reserves 17.3 MMBOE PV10 (MM) 341 % Proved Developed 46% R/P 11.1x…
Sooner Trend Stratigraphy Mississippi, Woodford, and Hunton Focus, with Potential for Several Other Pay Zones Sooner Trend Highlights Major resource targets defined below waterfloods Meramec section of Mississippian siliceous,…
Chester Shale Key Economic Differentiator for Alta Mesa Chester Shale is the regional top seal for the Mississippi Lime Chester Shale acted as a barrier to keep the Pennsylvanian seas from flooding the Mississippi Lime in the Alta…
Meramec Operated Development Program Continuous multi rig operated horizontal program, building on 200+ vertical well results Significant Growth Since Start of Multi Rig Program Sooner Trend Development Summary Continuous 2 Rig…
Sooner Trend Completion Progression Climbing the Learning Curve AMH Meramec Performance vs 275 MBOE Base Curve Meramec IP30 / EURs Growing with Increased Frac Stages(1) 2013 Program 2014 Program 600 600 < 15 Stage Completion 15…
Alta Mesa Established Platform for Value and Growth Geographically and geologically balanced portfolio well positioned in proven, attractive U.S. basins. Oil zones in Sooner Trend (Meramec section of Mississippi Lime, Hunton and…
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