Skip to main content BAML CONFERENCE – Breitburn Energy Partners L.P. Investor Presentation | Shale Experts
Loading...
Database
Slide Database

BAML CONFERENCE – Breitburn Energy Partners L.P.

Breitburn Energy Partners L.P. · Oct 14, 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. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 1
    BreitBurn Energy Partners L.P. (NASDAQ: BBEP) Investor Presentation James Jackson Chief Financial Officer November 2012
  2. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 2
    Overview of BreitBurn Energy Partners L.P. Acquisition oriented upstream MLP with long-lived assets and extensive hedge portfolio Focused on acquisition, exploitation and development of oil and gas properties Completed five…
  3. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 3
    Nationwide Footprint Significant Operations Diversified Among Seven States BREITBURN TOTALS (1) 2011 Avg. Daily Prod. 22,884 Boepd Est. Proved Reserves 151.1 MMBoe % Proved Developed 87% 2011 Avg. Daily Prod. 10,336 Boepd R/P 18…
  4. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 4
    Core Strategies & YTD Highlights Increase Production and Grow Organically Recently increased 2012 capital spending to approximately 152 million, focused on oil projects in legacy assets in California and developing newly acquired…
  5. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 5
    Acquisition Driven Growth Targeting opportunities that have large amounts of original oil in place and low terminal decline rates, production upside / exploitation potential, and bolt-on opportunities Strong historical acquisition…
  6. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 6
    Capital Program Increases Drive Organic Growth Significant increases to 2012 capital program capitalize on organic growth opportunities in legacy assets as well as newly acquired assets in Texas and Wyoming Consecutive increases to…
  7. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 7
    Acquisitions Support Distribution Growth YTD 2012 acquisitions totaled 313 million Increased total estimated proved reserves by 15.4 MMBoe Consisted of principally oil assets with organic growth opportunities Announced / Purchase…
  8. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 8
    Recent Acquisitions - Texas Permian Basin, Texas Texas Area of Operations Two separate acquisitions of oil and gas properties, 218 million combined purchase price (1) Closed July 2 Acquisitions give Partnership entry to Permian…
  9. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 9
    Recent Acquisitions - Wyoming Big Horn Basin, Wyoming Wyoming Area of Operations 95 million purchase price Closed June 28 100% oil Immediately accretive to distributable cash flow Park County 500 Boe/day average net production…
  10. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 10
    Utica Collingwood Overview Utica Collingwood Shale Highlights BreitBurns prospective lease position is over 130,000 net acres (85% is held by production) Acreage is primarily in the wet gas window Primary operators in the Utica…
  11. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 11
    A-1 Carbonate Overview A-1 Carbonate Highlights The A-1 Carbonate is an extensive, thin bedded, fine grained, organic rich carbonate deposited in a restricted basinal marine setting and is the likely source rock for the Niagaran Reef…
  12. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 12
    Disciplined Financial Policies Liquidity: Maintain solid liquidity profile Fund operations, maintenance capex, interest payments and distributions with cash flow from operations Leverage: Seek to maintain low leverage ratios…
  13. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 13
    Commodity Price Protection Portfolio: 2012 2017 Chart assumes (i) 2012 2017 base business production remains constant at the annualized midpoint of the Partnerships updated full year 2012 production guidance (approximately 8.45 million…
  14. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 14
    Commodity Price Protection Crude Oil Average Crude Oil Hedge Prices 99.94/bbl 92.80/bbl 94.43/bbl 95.65/bbl 92.22/bbl 88.12/bbl 10,000 8,779 Hedging Volumes (bbls/d) 8,694 7,814 8,000 7,189 6,000 6,348 7,779 6,814 5,689…
  15. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 15
    Commodity Price Protection Natural Gas Average Natural Gas Hedge Prices 7.16/mmbtu 5.96/mmbtu 5.05/mmbtu 5.05/mmbtu 4.30/mmbtu 60,000 56,000 53,358 Hedging Volumes (mmbtu/d) 49,500 49,500 50,000 40,000 34,678 30,000…
  16. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 16
    Mitigating Commodity Price Volatility Our hedge portfolio has significantly mitigated crude oil and natural gas price fluctuations as evidenced by our quarterly Adjusted EBITDA 160 90.1 16 140 14 120 12 NYMEX Natural Gas /…
  17. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 17
    Quarterly Distributions Distributions Sequential Distribution Growth Tax advantaged income Ten quarters of consecutive distribution increases since Q1 2010 Targeting 5% annual distribution growth .50 9% Growth Partnership has…
  18. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 18
    Attractive Distribution Yield BBEP has an attractive distribution yield versus its peer group 12.0% 11.3% 10.9% 10.5% 10.3% 10.0% 9.6% 9.2% 8.7% 8.7% (1) 8.0% 7.4% Distribution Yield 6.7% Alerian MLP ETF 6.0% yield…
  19. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 19
    Investment Highlights High-quality asset base with predictable, long-lived production Experienced management, operating and technical teams Critical mass in large mature basins with geographic, geologic and commodity diversity…
  20. BAML CONFERENCE – Breitburn Energy Partners L.P. – slide 20
    BreitBurn Energy Partners L.P. (NASDAQ: BBEP) Investor Presentation James Jackson Chief Financial Officer November 2012

From the store

Browse maps, data & reports in the Shale Experts store