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Fall 2015 Business Update – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Sep 18, 2015 · 15 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. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 1
    Crescent Point Energy is one of Canadas largest light and medium oil producers, focused on its significant resource base in the Bakken, Shaunavon, Flat Lake Torquay and Midale plays in Saskatchewan, Canada, as well as the Uinta Basin in…
  2. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 2
    HIGH-QUALITY, LOW COST PRODUCER: CPG (TSX AND NYSE) Market Capitalization 7.7 billion (504.9 million shares fully diluted)(1) Net Debt* 4.1 billion (incl. hedged USD denominated debt) Enterprise Value 11.8 billion 2015 Average…
  3. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 3
    BUSINESS STRATEGY Develop and Exploit Increase recovery factors through step-out and infill drilling, waterflood optimization and improved technology Acquire Focus on high-quality, large resource-in-place pools with the potential…
  4. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 4
    PROVEN TRACK RECORD 200,000 Funds Flow (MM) Production Growth (boe/d) 3,000 160,000 2,500 2,000 120,000 1,500 80,000 1,000 40,000 500 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2004…
  5. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 5
    FOCUSED GROWTH WITH LARGE OIL IN PLACE Focused on high-quality, strategic large light to medium oil resource pools Significant focus in Saskatchewan, including the Canadian Bakken, which has the strongest break-even economics of…
  6. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 6
    COST FOCUSED Southeast Saskatchewan Drilling Day Rate versus WTI 21,000 120 21,000 110 19,000 18,205 100 Drill Rig Day Rate WTI US/bbl 17,000 WTI 90 15,000 69 80 70 13,000 13,440 60 11,000 10,992 50 9,000 WTI 40 42…
  7. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 7
    HIGH-RETURN ASSET BASE Type Well Payouts by Play August 21st Futures Strip - 2016 WTI US46.13 US/Cdn0.76 exchange 72 Additional 10% 13% Rate cost reduction of Return 60 Additional 20% cost reduction Payout (Months) 48…
  8. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 8
    HEDGING STRATEGY 54% Total Oil Hedges 80,000 60% 2015 average floor price CAD 88.00/bbl 70,000 2016 average floor price CAD 83.00/bbl 50% 60,000 2017 average floor price CAD 81.00 /bbl Percent hedged 33% 40% 50,000 40,000…
  9. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 9
    EFFICIENT ALLOCATION OF CAPITAL % of 2015 Half-Cycle Capital Corporate 2015 Budget: 2015 Capital Efficiency Inventory Inventory Key Focus Areas Net Well Count Budget (/boe/d)(5) (net locations) In Years Viewfield 181 25% 16,000…
  10. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 10
    FLEXIBLE CAPITAL SCENARIOS US40/bbl WTI US60/bbl WTI US/Cdn0.74 exchange US/Cdn0.76 exchange 2016 Capital Expenditure Scenarios 1.05 Billion 1.20 Billion 1.20 Billion 1.35 Billion Average Production (boe/d) 165-167,000 169-171,000…
  11. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 11
    BALANCE SHEET STRENGTH Bank credit facility = 3.6 Billion Senior Guaranteed Notes Maturity Schedule 250 200 Million CAD 42% 150 100 50 0 Less than 1 year 1 - 3 Years 3 - 5 Years Unutilized credit capacity…
  12. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 12
    PIONEER IN ADVANCING NEW TECHNOLOGY 2008 - 2009 2010 - 2012 2013 - 2014 Completed first cemented liner in the Bakken Expanded waterflood area within the core of the Became the largest driller of horizontal wells in Canada oil…
  13. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 13
    CREATING LONG-TERM VALUE FOR SHAREHOLDERS Growth + Dividend Strategy CPG Waterflood Technology M&A Base Business Expansion Initiatives Large OOIP resources with low Lower decline rates and Increase recoveries and capital…
  14. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 14
    SUMMARY Proven Management Team Proven track record of per share reserves, production and cash flow growth 5-year weighted average F&D of 19.33 per 2P boe of reserves (2.6 times recycle ratio)(6) Cost focused producer with strong…
  15. Fall 2015 Business Update – Crescent Point Energy Corp. – slide 15
    www.crescentpointenergy.com BANKER Bank of Nova Scotia AUDITOR PricewaterhouseCoopers LLP LEGAL COUNSEL Norton Rose Fulbright Canada LLP EVALUATION ENGINEERS GLJ Petroleum Consultants Ltd Sproule Associates Ltd REGISTRAR & TRANSFER…

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