EnerCom The Oil and Gas Conference August 2015 ALTA MESA HOLDINGS, LP
Overview Repeatable Development of Large High Quality Resources Sooner Trend STACK(1) Weeks Island Field Area (1) 70,000+ net acre position assembled 500 MMBOE oil field; targeting 50 MMBOE increase in EUR 96 Alta Mesa horizontal…
2015 CAPEX under Base Plan Focus on Core Goals while Conserving Liquidity CAPEX by Major Areas, MM Planned Drilling & Recompletion CAPEX by Field (MM) Capital Allocation 2015 capital budget 145 million 80% allocated to core…
Consistently Effective Hedging Disciplined Price Risk Management Protects Future Revenues, Preserves Asset Option Value Commodity Price Risk Management AMH actively manages price risk for expected future production to minimize…
Hedges Provide Balance Sheet Durability Significant Oil and Gas Downside Protection in 2015 Projected impact to cash flow from settlement of derivative contracts ( in MMs) Oil Prices 30 40 50 60 70 80 1Q 2015 0.1 0.1 0.1 0.1 0.1 0.1…
Sooner Trend STACK Horizontal development of stacked pays = step change in reserves and production Overview (1)(2) Proved Reserves 28.2 MMBOE Alta Mesa Focus Area in Up-dip STACK PV10 (MM) 636 % Proved Developed 44% Proved R/P…
Simplified Geology of Up-dip STACK Initial Alta Mesa Focus on Osage and Lower Meramec SW Pennsylvanian NE Chester Top Seal Upper Meramec 500 600 Mississippian Lower Meramec Section Osage Woodford Hunton Lime…
Optimizing Recovery Key Focus for Alta Mesa Confidence in average 7 wells/Section; up to 24 possible 2,500+ locations likely to be defined Osage & Meramec section of Mississippian siliceous, naturally-fractured, overlain by Chester…
Optimizing the Cost Curve - Drilling Multi-discipline effort has materially decreased drilling days in STACK 50 46 45 40 34 35 30 25 Days 25 20 20 17 15 13 10 10 5 0 AMH 2012 AMH 2013 AMH 2014 AMH 2015 AMH…
Optimizing the Cost Curve - Completions Progressive Optimization of Completion, Rigorously Executed Defined best completion 800 Peak 30-day Rate, BOE/Day assembly 600 Reduced spacing between frac clusters 400 Increased proppant…
Weeks Island Core Asset
Weeks Island Area Highly profitable development in known conventional oil fields Overview (1)(2) Three Salt Dome Fields in the Portfolio Proved Reserves 8.8 MMBOE PV10 (MM) 392 % Proved Developed 61% Avery Island Field Proved R/P…
Weeks Island Development Updip Reserves Identified from Geology and 3D Seismic Generating multi-year drilling inventory and new reserves with advanced geophysics, geology, and engineering Systematic, progressive, and repeatable…
Eagle Ford Overview 1850 net acres in Karnes County 14% WI / 12% NRI (79% lease NRI) Fully Delineated Non-operated; one Murphy-operated rig currently on Acreage in Eagle acreage Fords Core of the 100% HBP 1 Core Recent offset…
Eagle Ford Continues to be Developed Robust Lower Eagle Ford , potential of Upper Eagle Ford and Austin Chalk Vicksburg Tert. Wilcox Lobo Midway Maastrich 3rd/ 4th Escondido . Olmos Campanian San Miguel…
Summary Rigorous, Substantial Growth through Balance of Decade Resilient Asset Base Portfolio with strong project economics 40 oil / 2.50 gas Large and expanding inventory in up-dip STACK Consistent cash flow with growth upside in…
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