Quality Assets. Disciplined Management. Third Quarter 2014 Earnings Presentation November 13, 2014 www.sanchezpp.com
Updates u Operating highlights: v 54% of sales YTD14 revenue was from (1) (2) oil & liquids v Average daily net oil & liquids production of 1,052 Bbl YTD14 (up 87% vs. YTD13) v YTD14 operating cost of 25.45 per BOE (4.24 per…
The Path to Distributions u Execution and implementation of the CEP/SOG Services Agreements (Q214) v Agreement reached in May 2014 v Effective July 1st, SOG and its affiliates now provide services that the company requires to operate…
Planning for 2015+ u Over time, production growth of greater than 5,000 BOE/d targeted for SPP u Achievable primarily through acquisitions, which may source from: v Joint bid opportunities with SOG and its affiliates Growth v…
Q314 Financial Results Q314 vs. Q214 Q314 vs. Q313 ( in 000s unless noted) Q314 Q214 Q314 Q313 Production (MBOE) 380 383 380 335 Oil & Gas Sales 15,802 18,004 15,802 16,476 Gain (Loss) from Mark-to-Market Activities 5,594 (5,915)…
APPENDIX 7 2014 Sanchez Production Partners LLC
Portfolio Overview Sanchez Production Partners LLC Existing Reserves New Activity Proved reserves, total: 73 Bcfe (12,199 MBOE) Drilling focus: Cherokee Basin oil opportunities in the Pennsylvanian aged Proved natural gas reserves:…
Non-GAAP Financial Measures Use of Non-GAAP Financial Measures: EBITDA and Adjusted EBITDA are non-GAAP financial measures that are reconciled to their most comparable GAAP financial measure under Reconciliation of Non-GAAP Financial…
Reconciliation Items Reconciliation of Net Income (Loss) to Adjusted EBITDA ( in 000s) YTD14 Q414 Q314 Q214 Q114 Q313 Net income (loss) (2,295) - 5,655 (5,011) (2,939) (3,257) Interest (income) expense, net 1,569 - 511 533 525 420…
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