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September 2015 Acquisition Overview – Enervest Ltd.

Enervest Ltd. · Sep 3, 2015 · 9 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. September 2015 Acquisition Overview – Enervest Ltd. – slide 1
    Acquisition Overview September 3, 2015
  2. September 2015 Acquisition Overview – Enervest Ltd. – slide 2
    Overview 259 million acquisition of high PDP, low-decline properties Estimated net proved reserves of approximately 302 Bcfe, which are 69% natural gas, 15% NGLs, 16% crude oil1 95% proved developed Current production of 55…
  3. September 2015 Acquisition Overview – Enervest Ltd. – slide 3
    Pro Forma Production & Reserves Existing Acquisition Pro Forma Upon completion of the dropdown, daily production 250 3 55 223 will increase 33% Production (Mmcfe/d) 200 On a pro forma basis, proved 168 reserves will…
  4. September 2015 Acquisition Overview – Enervest Ltd. – slide 4
    Belden & Blake Corporation and Additional Interests in Appalachian Basin Properties Belden & Blake Corporation (Belden) Belden assets complement EVEPs existing properties in the Appalachian Basin and Michigan Estimated net proved…
  5. September 2015 Acquisition Overview – Enervest Ltd. – slide 5
    San Juan Basin Assets Properties are located near EVEPs existing position in the San Juan Basin Estimated net proved reserves of 109 Bcfe, which are 67% natural gas, 3% crude oil and 30% NGLs 13 Mmcfe/d current production Net…
  6. September 2015 Acquisition Overview – Enervest Ltd. – slide 6
    Increased Ownership in Austin Chalk EV Chalk Acreage Increases ownership in EVEPs existing position EV Chalk Wells in the Austin Chalk Adds estimated net proved reserves of 26 Bcfe, which are 39% natural gas, 30% crude oil and…
  7. September 2015 Acquisition Overview – Enervest Ltd. – slide 7
    Pro Forma Commodity Hedging Gas Volume Hedged (Mmcf/d) Oil Volume Hedged (Bbl/d) 140.0 4,500 4.65 88.72 4,000 120.0 3.57 3,500 100.0 3,000 80.0 2,500 123.5 3.24 3,988 60.0 109.0 2,000 1,500 40.0 90.14 60.0 1,000 20.0 500…
  8. September 2015 Acquisition Overview – Enervest Ltd. – slide 8
    Acquisition Guidance ( in millions) 4Q15 Net Production Natural Gas (Mmcf) (a) 3,380 - 3,500 Crude Oil (Mbbls) 140 - 145 Natural Gas Liquids (Mbbls) 125 - 130 Total Mmcfe 4,970 - 5,150 Average Daily Production (Mmcfe/d) 54 - 56…
  9. September 2015 Acquisition Overview – Enervest Ltd. – slide 9
    Capitalization ( in millions) 6/30/2015 Adj. Pro Forma Cash & Cash Equivalents 59 (59) Bank Debt 200 200 Senior Notes Due 2019 500 500 Equity Market Capitalization 428 428 Total Capitalization 928 1,129 Liquidity Before…

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