Dr. Peter J. Hill Interim President and Chief Executive Officer ------------------------------------- Curtis Newstrom Senior Vice President, Business Development ------------------------------------- Nelson Haight Senior Vice…
2013 Accomplishments Achieved record Adjusted EBITDA growth to 119mm in 4Q13 Grew daily production 101% to 31,187 boed in 4Q13 from 4Q12 Replaced 500% of 2013 production through the drill-bit Increased year-end proved reserves 69%…
Refocused Energy Deliver Financial Stability Enhance Adjusted EBITDA & Production Value Continue Operational Excellence Focus on Core Areas in the Miss Lime & Anadarko Expand, High-grade Inventory Evaluate Options to Unlock…
Mississippian Lime: Overview Position 97,200 net acres in the Mississippian Lime in Woods & Alfalfa counties Oklahoma (1) Interest Operate 84% of 200 producing wells 73% avg. WI and 56% NRI Product Mix and Pricing 40% Oil, 20%…
Mississippian Lime: Building Momentum 2013 Highlights 4Q 2013: Production 17,579 Boe/d Net Production (Boe/d) Production up 144% from Q4 12 to Q4 13 140 wells producing at year end Drilling replaced 726% of production 2013 Capital:…
Mississippian Lime: Differentiated Performance Top Tier overall well performance in the Miss Lime trend Expecting to deliver 2014 production growth to 20-22 Mboed Peak 30-Day Initial Production Rates through February 2014 139…
Anadarko Basin: Overview Position 129,800 net acres (66% held by production) with 95,500 acres in Northeast Texas Panhandle and 34,300 acres in Western Oklahoma Interest Operate 78% of 300 producing horizontal wells 65% avg. WI…
Anadarko Basin: Well Performance and Highlights Encouraging early results from all 4 formations currently being developed Solid results from core Cleveland program Initial Marmaton, Cottage Grove and Tonkawa results show promising…
Gulf Coast: Overview Position 56,500 net acres as of December 31, 2013 plus 24,700 net acres under option Operate 96% of 170 producing wells 98% avg. WI and 75% NRI January 2014 Production: Pine Prairie 2,000 Boe/d Dequincy 2,400…
Financial Overview Nelson Haight Senior Vice President & Chief Financial Officer 15
Enhanced Financial Position Strong EBITDA growth Q4 2013 Adjusted EBITDA 119mm (476mm annualized) millions Projected debt/EBITDA of 3.5x by year end 2014 Fully Diluted Equity Ownership(1) Liquidity solved through at least the end…
Operating Cost Improvements Assets deliver strong margins, enhanced by low cost structure 2013 Annual average: 16.92/BOE Improvements in infrastructure have reduced electricity costs and SWD costs in the Miss Lime…
2014 Capital Investment Plans Guidance: 500 to 550 million 62% Miss Lime, 35% Anadarko, and 3% Gulf Coast Excludes Capitalized Interest(1) 10 rigs running in 1Q 2014 Five in the Miss Lime Five in the Anadarko Properties Capital…
Investment Highlights Attractive Oil/Liquids-Weighted Assets Proved reserves: 43% Oil & 20% NGLs Focus on highest return areas Mississippian Lime Anadarko Basin Significant Growth Opportunity Year end 2013 proved reserves of…
Appendix 20
Guidance (as of March 11, 2014) Q1 2014 FULL YEAR 2014 Daily Production (boe/day)(1) 30,000 - 31,000 (1) 33,500 - 36,500 (1) Miss+ Anadarko LA Miss+ Anadarko LA By Area 58% 30% 12% By Area 60% 30% 10% Oil 35-40% 45-50% 60-65% Oil…
Adjusted EBITDA Reconciliation As of and for the Year Ended December 31, 23
Dr. Peter J. Hill - Introduction Interim President and CEO, Midstates Petroleum Company March 20, 2014 - present Director, Midstates Petroleum Company April 2013 - present Chairman, Triangle Petroleum February 2013 present,…
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