EnerCom: The Oil and Gas Conference Private E&P Company Panel Discussion MIKE BOCK, PRINCIPAL PETRIE PARTNERS AUGUST 21, 2014 DENVER, CO
Private E&P Company Panel Discussion US E&P HIGH YIELD MARKET ACTIVITY Historical E&P High Yield Issuance (Bn) Recent E&P High Yield Activity (Last Four Months) Am ount Coupon At Issue Current Change 2014 Date Issuer (MM) (%) Price Y ld…
Private E&P Company Panel Discussion OIL & GAS PRIVATE EQUITY ENVIRONMENT Financial Sponsor Investment by US Onshore Basin (2009 2014 YTD) Fund / Target Size Financial Sponsor (MM) Bakken First Reserve 9,000 Riverstone 7,700 EIG…
Private E&P Company Panel Discussion MARKET PERFORMANCE Last Twelve Months Last Three Months 140% 140% 130% 130% 120% 120% +18% +14% 110% +10% 110% +4% +2% 100% +1% 100% -2% -3% -8% 90% 90% -13% 80% 80%…
Private E&P Company Panel Discussion US E&P EQUITY CAPITAL MARKETS E&P C-Corp Equity Deals (Last Six Months) A B C D E F G H I J K % Stock Perform ance Current S Offer IPO / Deal Size Com pany Offering After Pricing Price / S Date…
Private E&P Company Panel Discussion PUBLIC COMPANY TRADING VS. ASSET TRANSACTION MULTIPLES All Basins ( / Mcfepd) Permian Basin ( / Mcfepd) 20,000 36,000 16,925 15,227 27,982 15,000 27,000 24,239 11,993 10,000 18,000 5,000…