EnerVest: From the Barnett Shale to the Utica Shale and Points Between John B. Walker
EnerVest Assets Under Management (as of December 2011) 20,000 wells in 12 states 6.2 Billion asset value 4.5 TCFE 2P reserves (70% gas) Eastern Division 500 MMCFED 340 employees 3.9 Million acres CHARLESTON Fund IX…
EV Energy Partners, L.P. Upstream MLP Created in September 2006 (Nasdaq: EVEP) GP Ownership EnerVest & Management (76.25%) Encap (23.75%) 38.0 Million Outstanding Units 3.0 billion enterprise value Strong Balance Sheet…
Unit Price Performance YTD vs. Peers Note: Unit prices as of December 12, 2011 & AMZ as of December 2, 2011. 4
Best in Class Returns Compound Annual Return Last 2 Years Note: Closing Prices as of December 12, 2011 and AMZX as of December 2, 2011. Upstream MLPs* does not include EVEP 5
Relationship of EV Funds & EVEP One Business- Upstream Oil and Gas Operations Two T Distinct Di ti t Investor I t Groups: G Funds large institutions seeking growth-oriented equity returns EVEP retail investors seeking above…
EnerVest Current Production Mix 10% 2% 40% Tight Rock Shale Coalbed Conventional 48% 7
Shales a Huge Part of Gas Production Growth US Dry Gas trillion cubic feet per year Source: EIA, Annual Energy Outlook 2011 8
EnerVest in the Barnett Shale 6th Largest Producer 1,101 1 101 wells ll (1 (1,022 022 Operated) 100,000 Gross Acres 238 MMCFEPD 1,200 BOPD 9,300 BNGLPD 3.2 TCFE of 2P Reserves 60 Field Employees Talon Encana Braden 9…
EnerVest Barnett Shale Plans Active Drilling Program 43 wells in 2011 100 wells pplanned for 2012* Active Re-frac Program 6 in 2011 26 planned for 2012* SWD Cost Saving Initiatives Gathering System Improvements 10…
EnerVest in Ohio Largest OH Operator with 25% of states production d ti 8,713 Wells 764 219 net acres 764,219 314, 733 in JV with JV Acreage CHK 100% EV Acreage g 47 MMCFED Net, 77 JV Acreage MMCFED Gross 307 BCFE 2P…
EnerVest Utica Plans CHK is Operator of JV Acreage 17 wells drilling, completing or producing d i Results to date JV Acreage EnerVest 100% 100% EV Acreage g Acreage JV Acreage Applied for 10 Utica Permits Spud 1st…
Industry Utica Activity JV Acreage 100% EV Acreage JV Acreage 13
Regional GR Amplitude Structural Cross Sections for Eastern Ohio Rohr Unit 1 Type Log A A Ohio Shale Rhinestreet Marcellus BREA OSHL Devonian B an Devonia PA A Point Pleasant Silurian OH ONDG A Ordovician…
U.S. Shale Play Comparative /Acre Trendlines Utica Shale /acre has accelerated faster than Eagle Ford and closely matches Eagle Ford Shale /acre 6 months after the first major transaction 30 000 30,000 Utica Shale Scenario: Sustain…
Operating Climate in Ohio Government Strong regulatory St l t framework f k Administration, Legislative leadership want industry to succeed Excellent Association leadership Industry Cooperation on community, media, public…
Loading...
