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JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation

Petrohawk Energy Corporation · Jul 11, 2011 · 24 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. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 1
    July 2011 www.petrohawk.com
  2. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 2
    Petrohawk Today Entering a renewed, high-growth phase for production, reserves and cash flow Option to weight or balance natural gas and oil development based on market conditions 2010 laid the groundwork for Eagle Ford Shale…
  3. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 3
    World Class Assets Midland Basin Petrohawk dry gas area Haynesville Shale Petrohawk liquids area Delaware Basin 225,000 net acres(1) 325,000 net acres(1) 2.3 Tcf proved reserves(2) 12.7 Tcf risked resource potential(3) Lower Bossier…
  4. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 4
    Strong Production Growth Production Growth By Product (Mmcfe/d): Production Growth By Area (Mmcfe/d): NGL Oil Gas Other Eagle Ford Haynesville 1,000 1,000 950 950 900 900 800 800 675 675 700 700 600 600 502 502 500 500…
  5. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 5
    Growing Liquids Component Shift in Production % Gas 2011E 2012E 2013E % Oil % NGL 13% 18-22% 24-28% 78-82% 72-76% 87% Shift in Oil and Gas Revenues(1) % Gas % Oil 2011E 2012E 2013E % NGL 29-33% 38-42% 45-49% 58-62%…
  6. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 6
    New Operating Area: Permian Basin 325,000 net acres Primarily oil Significant portions de-risked 1,400/ac avg land cost Early entry, low avg. cost Scalable 90% operated Longer-term leases Low near-term capital requirements 70% in…
  7. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 7
    Midstream Asset Sale 920 Million Sale to Kinder Morgan Closing expected July 1 Combined with 75 million Fayetteville midstream sale, meets Petrohawks 2011 divestiture target of 1 billion Represents ongoing partnership with Kinder…
  8. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 8
    2011 Capital Budget Summary Drilling and Completion Midstream Segment Leasing Activity Haynesville/Bossier Eagle Ford Permian Conventional/Other 600, 21% 950, 33% 2000, 70% 950, 33% 250, 9% 75, 3% 25, 1% 2,850 mm 2,000…
  9. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 9
    Liquidity and Capitalization(1) PF Liquidity and Capitalization at 3.31.11 (mm): Senior Notes by Maturity Date (mm): Cash and marketable securities 227 1,400 Current borrowing base 1,745 1,200 Borrowings 0 Liquidity 1,937 1,000…
  10. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 10
    Derivative Summary Target to hedge 70% of expected production annually and hedge 2-3 years forward Hedging complements HKs already low operating costs to further protect margins and cash flow FY 2011 FY 2012 FY 2013 GAS GAS GAS…
  11. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 11
    Permian Delaware Basin Multiple targets within 3,000 ft. gross interval Horizontal Wolfcamp Loving Estimated average well cost 8.0 million TVD: 8,000 10,000 ft. Horizontal Avalon Estimated average well cost 6.5 million TVD:…
  12. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 12
    Eagle Ford Shale Overview 332,300 risked net commercially Isopach Map Net Porosity 9% productive acres Plan for 12 rigs 1st half 2011 and Black Hawk 14 rigs 2nd half 2011 Red Hawk Net operated production averaged 7.5 Mbo/d, 5.9…
  13. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 13
    Black Hawk Average Initial Condensate Yield 385 Bc/Mmcf; EUR Yield 65% of Initial Yield Average NGL Yield 100 Bngl/Mmcf HK WELLS Average EUR: 1.8 Bcf + 550 Mbc + 220 Mbngl(1) HK ACREAGE Non-Proved Risked Resource Potential 759…
  14. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 14
    Black Hawk Isopach Map Net Porosity 9% Density HK WELLS HK Wells Drilled to Date (as of 3/31/11): 35 HK Avg. IP1: 2.8 Mmcf/d + 1400 Bc/d + 275 Bngl/d (15/64 choke w/ 6570 FCP) HK Avg. 30 Day Rates: 2.0 Mmcf/d + 980 Bc/d + 250…
  15. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 15
    Black Hawk Type Curve Black Hawk Type Curve Petrohawk Operated 10.0 10.0 < Gas Rate IP = 3.8 Mmcf/d 1,615 Bc/D < NGL Rate Di = 78% Df = 6% B = 1.0 < Condensate Rate EUR = 1.8 BCF, 220 Mb NGL, 550 Mbc Cumulative Gas Cumulative…
  16. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 16
    Hawkville Field 50% Gas w/ 37 Bngl/Mmcf and 50% Gas Condensate w/ 100 Bc/Mmcf Initial Yield and 83 Bngl/Mmcf Average Gas with NGL EUR: 5.0 Bcf + 207 Mbngl(1) Average Gas Condensate EUR: 2.5 Bcf + 195 Mbc + 249 Mbngl ; EUR Yield 65%…
  17. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 17
    Hawkville Field Isopach Map Net Porosity 9% Density HK WELLSDRILLED TO DATE HK ACREAGE 2010 Proved Reserves: 415 Bcf + 8 Mmbo + 27 Mmbngl(1) Non-Proved Resource Potential: 6.6 Tcf + 174 Mmbc + 399 Mmbngl(2) (1) Proved reserves…
  18. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 18
    Hawkville Gas w/ NGLs Type Curve Hawkville Gas w/NGL's Type Curve Petrohawk Operated 10.0 10.0 < Gas Rate < NGL Rate Cumulative Gas Cumulative NGL IP = 8.5 Mmcf/d Cumulative Production, Bcf, Mmbls Production Rate Mmcf/D,…
  19. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 19
    Hawkville Gas Condensate Type Curve Hawkville Gas Condensate Type Curve Petrohawk Operated 10.0 10.0 < Gas Rate IP = 5 Mmcf/d 613 Bc/D < NGL Rate Di = 83% Df = 6% < Condensate Rate B = 1.5 EUR = 2.5 BCF, 250 Mb NGL, 195 Mbc…
  20. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 20
    HiWAY vs Hybrid in Hawkville: 90 Day Production Comparison Frac Design Wells Average 90 Day Rate, Pressure & Choke Rate Choke (Mcfe/d) Pressure () (64ths) Hybrid 9 5366 3207 18 HiWAY 12 7107 4541 18 % Increase with Hiway: 32%…
  21. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 21
    Haynesville Shale Overview Haynesville Shale EUR Contour Map Average EUR: 8.0 Bcf/well from combination of operated and non-operated wells (1). HK operated wells estimated to average 9-10 Bcf. Proved Reserves: 2.35 Tcf w/ Non-Proved…
  22. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 22
    Haynesville Shale Type Curve Haynesville Shale Type Curve Petrohawk Operated 100.0 10.0 IP = 8.5 Mmcf/d Di = 50% Cumulative Production, Bcf 10.0 1.0 Production Rate Mmcf/D B = 0.65 EUR = 8.0 BCF Economics at…
  23. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 23
    Lower Bossier Shale Overview Lower Bossier Shale Net Porosity Contour Map Increased EUR from 5.5 Bcf/well to 6.5 Bcf/well (1) Non-Proved Resource Potential 6.5 Tcf (2) Estimate 120,000 risked commercially productive net acres…
  24. JULY 2011 CORPORATE PRESENTATION – Petrohawk Energy Corporation – slide 24
    www.petrohawk.com

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