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September 2015 Investor Presentation – Gulfport Energy Corp.

Gulfport Energy Corp. · Sep 8, 2015 · 34 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 Investor Presentation – Gulfport Energy Corp. – slide 1
    Investor Presentation September 2015
  2. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 2
    Gulfport Today Key Statistics Primary Areas of Operation (3) Market Capitalization (1) 3.7 Billion Enterprise Value (2) 4.1 Billion Utica Shale Acreage: 243,000 Net Acres 2014 Average Daily Production 240.3 MMcfepd Proved…
  3. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 3
    Overview of Gulfport Gulfport Energy Corporation (GPOR) is an independent E&P company based in Oklahoma City, OK Company born from legacy assets in South Louisiana Free cash flow from legacy assets facilitated expansion into North…
  4. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 4
    Key Investment and Financial Highlights High quality, low cost assets allow Gulfport to grow production 115% to 125% over 2014, equating to 517 541 MMcfepd Anticipated 2015 E&P capital budget of 561 611 million and leasehold budget of…
  5. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 5
    Gulfport 2015 Guidance Year Ending 12/31/2015 Forecasted Production Leasehold Average Daily Gas Equivalent Midpoint MMcfepd 517 541 S. Louisiana 90.0 22.5 % Gas 75% 85% % Liquids 25% 15% Forecasted Realizations (before the effects…
  6. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 6
    2nd Quarter 2015 Highlights Total Production Production Mix Utica Production Growth 23% Gas 457.6 MMcfe per day 396.0 Increased 196% Liquids 353.4 Year-over-Year 228.7 77% Produced 473.9 Mmcfe per day Production mix…
  7. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 7
    Strong Growth Ahead Key Highlights Total Net Production Gulfports total production during 2014 grew 255% over 2013 529.0 (2) 600 473.9 Anticipate 2015 production to increase 115% to 125% over 500 424.4 2014 381.9 Gulfport…
  8. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 8
    Liquidity, Capitalization and Hedge Position Gas Hedges (1) Key Highlights 250 3.94 Strong liquidity and hedge position fund 2015 capital 3.65 4.00 3.52 3.35 3.37 program and provide security of cash flows 200 3.00 Liquidity at…
  9. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 9
    Asset Overview 10WWW.GULFPORTENERGY.COM
  10. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 10
    Utica Shale Overview Gulfport Chesapeake CONSOL / Buell 8H Energy Cattle Pad Hess Athens A 1H-24 Asset Overview Hess Net proved reserves of 907.0 Bcfe (1) Capstone 2H- 29 Net probable reserves of 300.3 Bcfe (1) Rice Energy…
  11. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 11
    Utica Shale Drilling and Completion Activity Net Wells Spud Non-Op 79 Dry Gas 11 Wet Gas Condensate Number of Wells 40 39 32 5 4 19 18 22 17 16 10 3 2 5 3 5 13 4 8 12 12 3 3 6 3- 1Q'14 2Q'14 3Q'14 4Q'14 2014…
  12. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 12
    Utica Shale Type Curve Assumptions Condensate Wet Dry Gas Type Curve Assumptions (1) West East Gas West Central East Lateral Length 8,000 8,000 8,000 8,000 8,000 8,000 Well Cost (MM) 9.2 9.2 9.9 10.2 10.4 10.7 Well Cost ( per foot)…
  13. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 13
    Utica Shale Single Well Economics Utica Shale Economics and Inventory (1) 140% 121% 120% 120% 118% 100% 90% 86% 88% 80% 85% 61% 57% 60% 59% 56% 36% 38% 40% 32% 34% 25% 31% 33% 20% 15% 11% 12% 13% 21% 11% 10% 0%…
  14. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 14
    Utica Shale Consistency of Reservoir B West East A A A 116 ft 118 ft A B LEGEND South North Gulfport Acreage B B Acquisition Acreage Key Highlights Focused acreage position in the core of the play Consistency…
  15. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 15
    Utica Shale Well Spacing Conclusions Pilot…
  16. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 16
    Utica Shale Technology Utilization & Integration Cluster Contribution Upper Boundary for Fracture Well & Fracture Interaction Half Lengths Chemical Tracers Stress & Leakoff Calibration of Lateral Logs to Log Suites Calibration to…
  17. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 17
    Utica Shale Diversified Portfolio Overview Rover Pipeline (North) Amount: 125,000 Dth/d DAWN Market: Midwest and Dawn MICHCON In-Service 1H2017 ANR Pipeline (North) NGPL Pipeline Amount: 250,000 Dth/d Amount: 20,000 Dth/d…
  18. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 18
    Utica Shale Firm Transportation and Sales Outlets Firm Commitments (MMBtu per day) Overview 1,400,000 YE2014 YE2015 YE2016 YE2017 + (MMBtu / day) 1,200,000 Midwest Markets Firm Sales Columbia (Gulf) November 2017 ANR Pipeline…
  19. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 19
    Utica Shale Transportation Improves Pricing Overview YE 2017 Secured Transport Commitments Early access to premium Midwest markets and was a 1,272,000 first-mover in securing early transport at low costs out of the basin 923,000…
  20. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 20
    Utica Shale NGL Infrastructure Key Highlights Edmonton Markets Gulfport anticipates to realize 0.32 to 0.37 per gallon for NGLS during 2015 Ontario Markets Mont Belvieu propane at lows not seen Midwest Markets Northeast…
  21. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 21
    Utica Shale Midstream Infrastructure Utica Condensate JV Hopedale Fractionator Stabilization Facility 23,000 Bbl/d Operational C3+ Fractionation I & II- 120,000 Bbl/d Operational C3+ Fractionation III - 60,000 Bbl/d 1Q16 Cadiz…
  22. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 22
    Southern Louisiana Asset Overview (1) 2015 Planned Activities (3) Net proved reserves of 4.1 MMBoe Maintenance CAPEX: 20 25 million Net probable reserves of 8.1 MMBoe 11,002 net acres Gulfport operated 2015 Activities…
  23. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 23
    Utica Shale Type Curve Assumptions Condensate Condensate Wet Dry Gas Dry Gas Dry Gas West East Gas West Central East Identified Net Locations 183 82 168 187 426 265 Type Curve Assumptions Lateral Length (ft.) 8,000 8,000 8,000…
  24. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 24
    Utica Shale Condensate Window Type Curves Condensate (1) Single Well Economics (1) Type Curve Assumptions West East 40% 38% Lateral Length 8,000 8,000 Well Cost (MM) 9.2 9.2 30% Well Cost ( per foot) 1,150 1,150 25% 33%…
  25. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 25
    Utica Shale Wet Gas Window Type Curve Wet (1) Single Well Economics (1) Type Curve Assumptions Gas 90% 86% Lateral Length 8,000 80% Well Cost (MM) 9.9 70% 57% Well Cost ( per foot) 1,235 60% 50% Total EUR (Bcfe / 1,000)…
  26. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 26
    Utica Shale Dry Gas Window Type Curves Dry Gas (1) Single Well Economics (1) Type Curve Assumptions West Central East 121% Lateral Length 8,000 8,000 8,000 120% 120% Well Cost (MM) 10.2 10.4 10.7 100% 90% 118% Well Cost ( per…
  27. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 27
    Additional Disclosures Net Undeveloped Locations (1) Condensate Condensate Wet Dry Gas Dry Gas Dry Gas West East Gas West Central East Net Undeveloped Location Summary Net Acres 26,799 13,376 33,651 33,964 76,422 45,895 Lateral…
  28. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 28
    Utica and SW Marcellus Proposed Pipeline Projects Overview Total Capacity Project Name Pipeline Sponsor Delivery Area (MMBtu/day) Start-Up Date Lebanon Lateral Reversal ANR Pipeline TransCanada Midwest 350 3/1/2014 SWLA Station 219…
  29. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 29
    LNG Exports Proposed Gulf Coast Projects Overview Nominal Capacity Nominal Capacity Project Name Sponsor FERC Status Development Status (MMtpa) (Bcf/d) Sabine Pass Cheniere 18 2.40 Approved Under construction Cameron Sempra 12…
  30. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 30
    Hedged Production Hedge Book (1) 3Q15 4Q15 2015 2016 2017 2018 2019 Natural Gas Contract Summary: Natural Gas Fixed Price Swaps (NYMEX) Volume (BBtupd) 267 296 241 258 151 70 5 Weighted Average Price (/MMBtu) 3.86 3.87 3.94 3.67 3.52…
  31. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 31
    2014 Proved Reserve Summary Net Reserves as of December 31, 2014 Oil Gas NGL Total PV-10 (MM) (MMBbls) (Bcf) (MMBbls) (Bcfe) SEC (1) Proved Developed Producing 3.5 344.1 12.4 439.4 1,154 Proved Developed Non-Producing 2.2 1.1 -…
  32. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 32
    Grizzly Oil Sands Gulfport has interest in a substantial position in the Canadian oil sands by way of a 24.9% interest in Grizzly Oil Sands ULC (Grizzly) Grizzly is effectively the last major private company in the oil sands without…
  33. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 33
    Reserves and Resources Notes Notes: Proved reserves are defined in the Canadian Oil and Gas Evaluation Handbook (the COGE Handbook) as those reserves that can be estimated with a high degree of certainty to be recoverable. It is…
  34. September 2015 Investor Presentation – Gulfport Energy Corp. – slide 34
    Gulfport Energy Headquarters Investor Relations 14313 North May Avenue, Suite 100 (405) 242-4888 Oklahoma City, OK 73134 Investor_relationsgulfportenergy.com www.gulfportenergy.com

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