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CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp.

Forest Oil Corp. · Feb 9, 2012 · 20 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. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 1
    FOREST OIL CORPORATION THE INTERVAL FACTOR Credit Suisse Energy Summit 2012 February 8 9, 2012
  2. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 2
    Forest Oil Snapshot Market Capitalization: ( 2/6/12 ) 1.5 Billion Enterprise Value: 3.1 Billion 12/31/10 Est. Proved Reserves: 1.9 Tcfe Granite Wash R/P Ratio: 15 Years East Texas 2012 Net Sales 2012 E&D Capital / North Louisiana…
  3. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 3
    2012 Detailed Guidance Production & Guidance Guidance Capital Expenditures & Guidance Guidance Differentials Low High Expenses Low* High* Net Sales Volumes (MMcfe/d) 350 355 Capital Budget (MM) 550 600 % Natural Gas 70 70 Total Cash…
  4. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 4
    2011 Forest Highlights & 2012 Strategy 2011 Highlights 2012 Strategy Completed IPO and spin-off of Test additional zones in our bread Canadian subsidiary Lone Pine and butter multi-stacked pay Resources plays in the Texas Panhandle…
  5. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 5
    Focused Plan for 2012 Rig Counts In Core Areas Estimated 2012 total capital budget of 550 600 million (E&D capital budget of 480 520 million) 7 Majority of 2012 E&D capital allocated 6 to organic production growth engines in the…
  6. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 6
    Portfolio Focused Prospect Inventory Other Identified Land Access Net Acres PUD Locations Lantern Drilling Infrastructure In Area Locations Liquids Target For (November 1, 2011) (December 31, 2010) Utilization Place (December 31,…
  7. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 7
    Revenue & Production Mix 2008 2012E Revenue & Production Mix* ( % Revenues ) ( % Liquids Production ) 80% 35% 72% 70% 67% 30% 60% 60% 57% 54% 25% 50% 46% 43% 20% 40% 40% 33% 28% 15% 30% 10% 20% 10% 5% 0% 0% 2008** 2009**…
  8. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 8
    Texas Panhandle: Unique Knowledge Base Panhandle Geologic Zones Knowledge Based Exploitation P Douglas Large database (650+ wells) creates e n Tonkawa Missourian Wash unique and extensive knowledge base n Cleveland Lansing -…
  9. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 9
    Texas Panhandle: The Geology Acreage Multiplier (Interval Factor) Stacked pay sands provide opportunity for multiple wells from the same location creating acreage multiplier Up to eleven intervals prospective for horizontal…
  10. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 10
    Granite Wash: Geologic Introduction Industry HZ Application Basic Geologic Facts Granite Wash extends from the Des Moines to the Atoka Des Moines Britt Granite Wash A Btu content ranging from 1,020 to 1,350 Granite Wash B Granite…
  11. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 11
    Texas Panhandle Granite Wash: Overview Results Ochiltree Lipscomb Operated Wells Gross Gas* Gross Liquids* Equivalent* ( Program Average ) ( MMcf/d ) ( Bbls/d ) ( MMcfe/d ) KELLN 47 9.0 1,838 20 Hemphill 7 wells drilled in the 3rd…
  12. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 12
    Texas Panhandle Oil Zones: Overview Results Ochiltree Cleveland / Lipscomb Gross Gross Gas* Tonkawa Zone Gross Oil* Equivalent* ( Bbls/d ) NGLs* ( MMcf/d ) ( Boe/d ) ( Bbls/d ) KELLN Missourian 2,803 436 4 3,900 Undisclosed…
  13. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 13
    Eagle Ford Shale: Status Targeting different sections of Eagle Ford (upper to lower) to increase IPs and EURs while decreasing completion costs Positive results from most recent completion testing the uppermost member of the Eagle…
  14. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 14
    Eagle Ford Shale: Oil Window Position Validate 128,000 gross (118,000 net) 4 acres prospective for the Eagle Ford Shale 2 Majority of leases extend into 3 1 2013 Industry activity has expanded 5 successful Eagle Ford…
  15. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 15
    Stimulation Cost Improvement 700,000 600,000 620,128 609,592 548,968 500,000 509,702 400,000 440,602 423,832 383,887 394,552 359,919 300,000 321,167 334,054 322,340 285,331 200,000 100,000 0 Well 1 Well 2 Well 3 Well 4…
  16. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 16
    Eagle Ford Shale: Completion Optimization Initial Completion Optimized Completion Current Completion Number of Fracs 10 15 19 Lateral Length 3,200 4,500 5,500 Landing Section Completion Evolution 16
  17. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 17
    Granite Wash & Eagle Ford Shale: Superior Economics Major Plays Breakeven Wellhead Price at 10% ROR* ( /Mcfe ) 6.00 4.92 5.00 4.48 4.48 4.16 3.98 3.98 4.12 4.00 3.62 3.72 3.74 3.18 3.22 2.98 3.04 3.00 2.76 2.24 2.00 1.54 1.64…
  18. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 18
    Wolfcamp Shale Oil Play New Oil Play Overview Entered play in early 2011 for less than 1,000 per acre - Recent acreage sale went for 5,000 + per acre 3,057 Per Acre Prospective for the Wolfcamp UT Land Lease Sale 119 Shale oil…
  19. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 19
    Industry Rig Utilization Current Rig Utilization By Horsepower Class Required Horsepower Per Day Wolfcamp Eagle Ford Oil Rig Oil Rig 100% 3,000,000 90% 2,500,000 80% 70% 2,000,000 60% 50% 1,500,000 40% 1,000,000 30% 20%…
  20. CREDIT SUISSE ENERGY SUMMIT – Forest Oil Corp. – slide 20
    Forest Investment Proposition Oil focused transformation focused on capturing higher commodity price margins Proven success in horizontal drilling results in improved performance and cost efficiencies Focus on profitable organic…

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