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IPAA OGIS NEW YORK – LRR Energy LP

LRR Energy LP · Apr 18, 2012 · 12 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. IPAA OGIS NEW YORK – LRR Energy LP – slide 1
  2. IPAA OGIS NEW YORK – LRR Energy LP – slide 2
    Lime Rock Management Lime Rock Founded in 1998 Manages 3.9 billion of private capital Lime Rock Partners Lime Rock Resources LRR Energy, L.P. LRP LRR LRE 3.0 billion capital Formed in 2005 Mature producing oil under…
  3. IPAA OGIS NEW YORK – LRR Energy LP – slide 3
    Upstream MLP formed in November 2011 (NYSE: LRE) Operate, acquire, exploit and develop mature oil and gas properties Experienced team with proven acquisition, operational and exploitation track record, and strong industry…
  4. IPAA OGIS NEW YORK – LRR Energy LP – slide 4
    1 Approximately 70% of total estimated proved reserves were proved developed producing and approximately 15% were proved developed non-producing. Source: SEC reserves as of 12/31/2011.
  5. IPAA OGIS NEW YORK – LRR Energy LP – slide 5
    Shallow production decline 85% proved developed reserves 13.7x R/P Focused operations and diversified geographically Three operating areas with scale Operate 93% of proved reserves Nearly all acreage is held by production…
  6. IPAA OGIS NEW YORK – LRR Energy LP – slide 6
    Key fields: Red Lake, Pecos Slope Proved reserves: 15.3 MMBoe (53% of total) Net production: 2,648 Boe/d (46% of total) R/P Ratio: 15.9x Developed acreage: 194,431 gross (122,593 net) LRE operated: 93% of value 143…
  7. IPAA OGIS NEW YORK – LRR Energy LP – slide 7
    Key fields: Potato Hills Key fields: New Years Ridge, GW-Stratton Proved reserves: 10.0 MMBoe (35% Proved reserves: 3.5 MMBoe (12% of of total) total) Net production: 2,092 Boe/d (36% of Net production: 1,021 Boe/d (18% of…
  8. IPAA OGIS NEW YORK – LRR Energy LP – slide 8
  9. IPAA OGIS NEW YORK – LRR Energy LP – slide 9
    Drop-downs Joint Bids Acquisitions Acquisitions from with from from Third Lime Rock Lime Rock Lime Rock Parties Resources Resources Partners 20.0 MMBoe Expands LRE 3.0 billion of Attractive market proved reserves1…
  10. IPAA OGIS NEW YORK – LRR Energy LP – slide 10
    84% of current PDP is hedged through 2015 Assuming flat production1, our production is hedged 73% in 2012, 61% in 2013, 51% in 2014 and 46% in 2015 Average prices: 5.70 per MMBtu, 100.94 per oil barrel and 51.82 per NGL…
  11. IPAA OGIS NEW YORK – LRR Energy LP – slide 11
    LRE's current yield is attractive compared to peers Peer Average: 8.3% 1 Based on unit prices as of 4/12/2012 and most recently announced quarterly distribution.
  12. IPAA OGIS NEW YORK – LRR Energy LP – slide 12
    Conservative Quality Growth Proven Financial Assets Potential Management Strategy Stable, low-risk Multiple avenues Experienced and Distributions and predictable for growth incentivized supported by: properties management…

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