Skip to main content August 2015 Investor Presentation – Sandridge Energy, Inc. | Shale Experts
Loading...
Pm

August 2015 Investor Presentation – Sandridge Energy, Inc.

Sandridge Energy, Inc. · Aug 12, 2015 · 24 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. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 1
    INVESTOR PRESENTATION AUGUST 2015 0
  2. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 2
    SANDRIDGE HAS A LEADING U.S. MIDCONTINENT OIL & GAS POSITION WE ARE SKILLED, LARGE SCALE DEVELOPERS OF OIL AND GAS RESOURCES Over 1,600 wells drilled, over 5B invested since 2010 (1.6B in 2014) Producing 89 MBoepd, largest water…
  3. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 3
    Q2 2015 RESULTS, GUIDANCE AND LIQUIDITY UPDATE STRONG EBITDA AND PRODUCTION 161MM of adjusted EBITDA; adjusted loss of 0.03 per diluted share Total Company production of 89.0 MBoepd, up 27% vs Q214 Mid-Continent production of 79.3…
  4. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 4
    NOW TARGETING 2.3MM PER MISSISSIPPIAN LATERAL returns are preserved drilling location count grows. At lower well costs Development inventory is preserved with lower costs and expanded with oil price recovery Type curve returns…
  5. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 5
    2015 CAPEX OF 700MM VS. 1.6B IN 2014 Reducing Capital Spending While Increasing Efficiency PRINCIPLES PLANNED SPEND AND RESULT 700MM Capex budget Drilling projects must generate hurdle returns at strip pricing Updated 29.0-30.5…
  6. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 6
    STRONG HEDGE POSITION FOR REMAINDER OF 2015 144MM Mark-to-Market Hedge Book Value; 50 Oil in 2015 Realizes 74.30 per bbl Positions displayed are from July forward Positions displayed include royalty trusts, but are exclusive of…
  7. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 7
    LIQUIDITY AND BALANCE SHEET FLEXIBILITY INTACT Expanded Liquidity, No Near Term Maturities Second quarter liquidity of 1.5B 984MM of cash as of June 30th MARKET VALUE ( in millions) Borrowing base of 500MM Market Cap (8/10/2015) 307…
  8. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 8
    YEAR END PROVED RESERVES +37% TO 516 MMBOE Consistent Growth of a Strong Reserves Base RESERVES MIX 5.5B SEC PV-10(a) (+34% YOY) 42% Liquids Mix 10.69 Proven Value/Boe(a) 18.7 Years Reserve Life 604% All-in Reserve Replacement 12.2…
  9. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 9
    WELL PERFORMANCE CONSISTENTLY ABOVE TYPE CURVE Continued Strong IP Results SandRidgeEnergy.com 10 10
  10. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 10
    2015 MISSISSIPPIAN PUD TYPE CURVE 484 MBoe, 44% Liquids 2015 OIL: 118 MBo 30 Day IP (Bo/d) 190 1st Year Decline(a) 80% B Factor 1.26 2015 NGL: 97 MBbls Yield (Bbls/MMcf) 51.6 Shrink 86.1% 2015 GAS: 1.6 Bcf 30 Day IP(b)…
  11. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 11
    NOW TARGETING 2.3MM PER MISSISSIPPIAN LATERAL Achieved 600K Savings Goal; New Target Saves 700K per Lateral REALIZED SAVINGS: 290K - EFFICIENCY GAINS Rig efficiency & cycle time improvement Location highgrading Logistics Commingled…
  12. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 12
    COST SAVINGS EVIDENT IN CYCLE TIME Drilling Efficiencies Driving 18% Spud to Rig Release Cycle Time Reduction Quarter-Over-Quarter SandRidgeEnergy.com 13 13
  13. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 13
    40% MULTILATERALS IN 2015 DRILLING PLAN 99% of 90-Day Type Curve Production for 79% of the Current Total Program Cost FULL SECTION DEVELOPMENT (FSD) ACTIVITY AND SUCCESS THROUGH Q215 Only multilateral operator in the Mid-Continent…
  14. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 14
    NEW VENTURES SUCCESS CASE Pioneering Chester Oil Development First industry horizontal re-development of legacy Chester vertical field KIOWA KINGMAN Fine grained silty sandstone, multiple shale laminated pay intervals Existing…
  15. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 15
    GEOLOGICAL EXPERTISE UNLOCKS WOODFORD Refined Geological Model Yielding Strong Results Woodford targets now identified based on four desirable characteristics: Production interval above Woodford (example: Mississippian) Siliceous…
  16. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 16
    SALTWATER GATHERING & DISPOSAL (SWG) Most Efficient SWG Operator in the Mid-Continent 600MM INVESTED THROUGH Q215 PRODUCE Average capacity of 15,000 Bwpd per well Over 1.2 million barrels of water gathered and disposed per day during…
  17. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 17
    LARGEST SALTWATER GATHERING SYSTEM IN THE NATION Pipeline Footprint Resembles Typical Gathering System 200 SWG wells Over 1.2 MMBwpd current volumes 99% of water is piped vs. trucked 1,050 miles of installed pipelines Advanced…
  18. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 18
    2015 TOTAL COMPANY PRODUCTION GUIDANCE Raising 2015 Production Guidance by 500 MBoe at the Midpoint (a) (a) Note: Totals may not foot due to rounding (a) Pro forma for GOM divestiture SandRidgeEnergy.com 20 20
  19. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 19
    2015 MID-CONTINENT PRODUCTION GUIDANCE Introducing Standalone Guidance for Mid-Continent Operations SandRidgeEnergy.com 21 21
  20. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 20
    CAPITAL STRUCTURE OVERVIEW SENIOR NOTES ( in millions) PREFERRED STOCK ( in millions) 8.75% Sr Notes due 2020 450 8.5% Convertible Perpetual Preferred (a) 265 8.75% 2ND Lien Notes due 2020 1,250 7.0% Convertible Perpetual Preferred (b)…
  21. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 21
    HEDGING OVERVIEW LIQUIDS Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 2016 Swaps Volumes (MMBbls) 2.29 1.73 1.01 0.55 5.59 1.46 Price (/Bbl) 92.71 91.55 92.43 94.11 92.44 88.36 Three-way Collars Volumes (MMBbls) 0.72 0.73 1.56 1.56 4.58 2.56…
  22. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 22
    2014 YEAR END RESERVES Creating Value from a Strong Reserve Base SEC Pricing 91.48 / 4.35 RESERVES RESERVES PV10 PV-10 LIQUIDS GAS EQUIVALENT % MM % MMBbls Bcf MMBoe Reserves by Reservoir Status PDP Producing 119 1,011 287 56%…
  23. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 23
    UPDATED 2015 OPERATIONAL GUIDANCE TOTAL COMPANY MID-CONTINENT PRODUCTION OTHER Oil (MMBbls) 9.3 10.0 7.9 8.6 Natural Gas Liquids (MMBbls) 4.6 5.0 4.5 4.9 EBITDA from Oilfield Services and Other (MM) 10 Total Liquids (MMBbls) 13.9 15.0…
  24. August 2015 Investor Presentation – Sandridge Energy, Inc. – slide 24
    2015 CAPITAL EXPENDITURES GUIDANCE CAPEX GUIDANCE MILLIONS CAPEX GUIDANCE DETAIL MILLIONS Exploration and Production 612 Development D&C 306 Land and Geophysical 38 Appraisal & New Ventures D&C 29 Carryover 102 Total Exploration and…

From the store

Browse maps, data & reports in the Shale Experts store