Skip to main content September 2015 Investor Presentation – Sanchez Energy Corp | Shale Experts
Loading...
Pm

September 2015 Investor Presentation – Sanchez Energy Corp

Sanchez Energy Corp · Sep 29, 2015 · 37 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 – Sanchez Energy Corp – slide 1
    Results Driven. Manufacturing Focused. Corporate Presentation September 2015 www.sanchezenergycorp.com
  2. September 2015 Investor Presentation – Sanchez Energy Corp – slide 2
    Sanchez Energy Overview Eagle Ford Shale Market Cap (1) 378 MM (1) Enterprise Value 2,125 MM Net Acreage: 223,000 acres 1P Reserves: 130 MMBoe (2) Avg. 2Q 2015 Production: 53,923 Boe/d Positioned to thrive in a period of volatile…
  3. September 2015 Investor Presentation – Sanchez Energy Corp – slide 3
    Eagle Ford Shale Position SN Position Summary Net Acres 223,000 2Q15 Production (Boe/d) 53,923 Operated Rigs 3 NonOperated Rigs 0 Gross Producing Wells 565 Hausser Wycross Alexander Ranch 4 2015 Sanchez Energy…
  4. September 2015 Investor Presentation – Sanchez Energy Corp – slide 4
    SNTarga Joint Ventures Gas Plant & High Pressure Gathering Pipelines 5 2015 Sanchez Energy Corporation
  5. September 2015 Investor Presentation – Sanchez Energy Corp – slide 5
    Midstream Joint Ventures Summary SN and its subsidiaries will invest approximately 115 million and enter multiple contracts with Targa Resources Partners LP (NYSE:NGLS) (TRP) to create these midstream joint ventures Gathering and…
  6. September 2015 Investor Presentation – Sanchez Energy Corp – slide 6
    Overview of Assets Carnero Gas Plant & Takeaway Pipeline SN Investment 115 Million SN Ownership 50% Capacity 200 260 MMcf/d Min. Volume Commitment (Years 15) 125 MMcf/d (Years 615) None (Acreage Dedication) Potential for…
  7. September 2015 Investor Presentation – Sanchez Energy Corp – slide 7
    Investment Highlights Modern plant design delivering better liquids yields and lower processing fees Marketing Ability to take product inkind and reject ethane Advantages Improvements to existing marketing terms Flexibility to send…
  8. September 2015 Investor Presentation – Sanchez Energy Corp – slide 8
    Catarina Midstream Divestiture 9 2015 Sanchez Energy Corporation
  9. September 2015 Investor Presentation – Sanchez Energy Corp – slide 9
    Western Catarina Midstream Transaction Summary Seller: Sanchez Energy Corporation (SN) and its subsidiary SN Catarina, LLC Buyer: Sanchez Production Partners LP (SPP) Purchase Price: 345 million Estimated Closing Date: October…
  10. September 2015 Investor Presentation – Sanchez Energy Corp – slide 10
    Western Catarina Midstream Asset Overview Asset Overview Asset Details Dedicated 35,000 acres1 Gathering and processing assets originally constructed by Royal Acreage Dutch Shell as part of the infrastructure for the development of…
  11. September 2015 Investor Presentation – Sanchez Energy Corp – slide 11
    Western Catarina Midstream Transaction Highlights Provides additional capital that can be deployed to core operations without the need to access the Capital Markets Sale and gathering agreement allows SN to benefit from the use of…
  12. September 2015 Investor Presentation – Sanchez Energy Corp – slide 12
    Operations A Manufacturing Transformation 13 2015 Sanchez Energy Corporation
  13. September 2015 Investor Presentation – Sanchez Energy Corp – slide 13
    Transformational Growth At IPO Today (12/31/11) (6/30/15) Production 609 Boe/d 89x 53,923 Boe/d(1) 6.7 MMBoe 19x 130 MMBoe (2) Proved Reserves 14% PD 46% PD (2) PV10 152 million 13x 1,923 million (3) LTM Revenue 15 million…
  14. September 2015 Investor Presentation – Sanchez Energy Corp – slide 14
    Delivering Strong Results Reserves by Category (12/31/14) (1) Reserves by Product Mix (12/31/14) (1) 150 PD PUD 130 125 NGL 26% 100 54% Oil 48% MMBoe 75 59 50 Gas 26% 58% 25 21 46% 7 82% 42% 86% 30 0 12/31/11…
  15. September 2015 Investor Presentation – Sanchez Energy Corp – slide 15
    Low Cost Operator With Sustained Cost Reductions Total Cash Operating Cost Including Interest & Preferred Dividends (/Boe) Cash G&A LOE Taxes Interest & Dividends 50.00 45.06 45.00 4.78 41.46 40.00 4.72 35.00 9.37 4.53…
  16. September 2015 Investor Presentation – Sanchez Energy Corp – slide 16
    Revised 2015 Capital Plan: Focus On Liquidity SN has reduced its 2015 capital plan from 600 650 million to 550 600 million while simultaneously increasing production guidance Focus will be on high rate of return projects while…
  17. September 2015 Investor Presentation – Sanchez Energy Corp – slide 17
    3Q15 Guidance Expected 2015 production to range between 46,000 and 50,000 Boe/d, an increase of 57% over 2014 production at the midpoint of guidance, with expected 3Q15 production to range between 46,000 and 50,000 Boe/d Subsequent…
  18. September 2015 Investor Presentation – Sanchez Energy Corp – slide 18
    Catarina Overview Western Catarina (43,000 net acres) Early results support stacked pay development in three Eagle Ford benches; Upper, Middle, & Lower Eastern Catarina Eagle Ford Central Well performance currently exceeding…
  19. September 2015 Investor Presentation – Sanchez Energy Corp – slide 19
    Driving Cost Reductions in Catarina Operational Efficiencies Realized Driving Further Competitive Advantage Reductions in Catarina drilling cycle times has Optimized fluids & wellbore design translated into substantial cost savings…
  20. September 2015 Investor Presentation – Sanchez Energy Corp – slide 20
    Western Catarina Well Results Initial Upper Eagle Ford wells in Catarina have continued to exhibit strong performance and have sustained rates above the Lower Eagle Ford Type Curve SN Operated wells average production results are…
  21. September 2015 Investor Presentation – Sanchez Energy Corp – slide 21
    Completions Optimization Yields Superior Results SN has realized strong production results as compared to offset wells results in Catarina e.g. Piloncillo D20 pad as depicted below was drilled by the previous operator and completed by…
  22. September 2015 Investor Presentation – Sanchez Energy Corp – slide 22
    Vertical Expansion of Catarina Development Upper Eagle Ford 150+ potential Locations Additional potential across ranch Early rates in line with LEF Type Curve Middle Eagle Ford 500+ potential Locations Large Stacked Pay…
  23. September 2015 Investor Presentation – Sanchez Energy Corp – slide 23
    Maximizing Catarina Hydrocarbon Recovery SN Development Plan results in potential for significantly increased Hydrocarbon Recovery Per Acre Overall SN Development Impact Previous Downhole Design Development Plan Impact…
  24. September 2015 Investor Presentation – Sanchez Energy Corp – slide 24
    Financial Highlights 25 2015 Sanchez Energy Corporation
  25. September 2015 Investor Presentation – Sanchez Energy Corp – slide 25
    Conservative Financial Strategy Solid Financial Position and Liquidity to fund future development 918 million pro forma liquidity as of 6/30/15(1) No outstanding debt maturities until 2021 Continue to maintain a balanced capital…
  26. September 2015 Investor Presentation – Sanchez Energy Corp – slide 26
    Capitalization, Credit Facility & Debt Maturity Pro forma liquidity of 918 million as of 6/30/15 Credit Facility Details (MM) 700 650 Borrowing Base 272 million in cash 600 550 Elected Commitment 345 million in net proceeds from…
  27. September 2015 Investor Presentation – Sanchez Energy Corp – slide 27
    Hedge Strategy Hedge Volume: At June 30, 2015, 50% of estimated remaining 2015 volume(1) hedged (77% oil and 73% gas) Hedge Book Valuation(2): 98 million at 6/30/15 Put Purchase: April 27, 2015, SN purchased 11,000 Bbl/d of WTI Puts…
  28. September 2015 Investor Presentation – Sanchez Energy Corp – slide 28
    Summary Investment Highlights Commodity Cycle Focused on highquality, lowcost oil and condensate resource play Eagle Ford Focus High grading drilling program, reducing costs, and realizing higher well performance than initial estimates…
  29. September 2015 Investor Presentation – Sanchez Energy Corp – slide 29
    Appendix 30 2015 Sanchez Energy Corporation
  30. September 2015 Investor Presentation – Sanchez Energy Corp – slide 30
    Maximizing Utilization of Acreage Use of Extended Reach Laterals and Stacked Development increases recovery per acre in the asset Original Development Plan Current Development Plan Outline indicates Orphaned Acreage Extended…
  31. September 2015 Investor Presentation – Sanchez Energy Corp – slide 31
    TMS Acreage Position and Activity 66,000 net acre position in the core of the TMS Contiguous blocky acreage with 3+ years of average remaining lease term Currently completing the Bloomer 2H in Wilkinson County, Mississippi…
  32. September 2015 Investor Presentation – Sanchez Energy Corp – slide 32
    Capitalization Summary Revolving credit facility (due 2019) 550 MM borrowing base with an elected commitment of 300 million and an interest rate of LIBOR + 1.50% 2.50% Restrictive covenants: Maximum Senior Secured Debt to LTM…
  33. September 2015 Investor Presentation – Sanchez Energy Corp – slide 33
    Hedge Summary As Of 6/30/15 34 2015 Sanchez Energy Corporation
  34. September 2015 Investor Presentation – Sanchez Energy Corp – slide 34
    NonGAAP Reconciliation and Measures Reconciliation of Net Income (Loss) To Reconciliation of PV10 To Adjusted EBITDA (M) Standardized Measure (MM) (1) Pro Forma LTM Actual LTM Ended 6/30/15 Ended 12/31/11 As of As of Net loss…
  35. September 2015 Investor Presentation – Sanchez Energy Corp – slide 35
    Catarina Midstream Divestiture 36 2015 Sanchez Energy Corporation
  36. September 2015 Investor Presentation – Sanchez Energy Corp – slide 36
    Gathering Contract Effective upon closing of the Western Catarina Midstream Divestiture Western Catarina acreage is dedicated to gathering through the divested assets 15year term with potential 5year renewal periods Fixed rates for…
  37. September 2015 Investor Presentation – Sanchez Energy Corp – slide 37
    SN LOE Guidance Lease Operating Expenses (LOE) (/BOE (1)) Actuals Estimate Guidance Q1 2015 Q2 2015 Q3 2015 4Q 2015(2) 8.39 7.27 8.00 9.75 10.75 Lower than previous guidance due to cost savings initiatives. 2015 Previous…

From the store

Browse maps, data & reports in the Shale Experts store