IPAA OGIS Conference – Legacy Reserves Lp

Legacy Reserves Lp · Oct 6, 2015 · 18 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

OCTOBER 2015 INVESTOR PRESENTATION
Agenda 3
Legacy Reserves LP Overview 4
Current Asset Profile
East Texas Acquisition Overview Ideal MLP Assets 6
Recent Hedging 3.45 3.40 3.35 3.30 3.25 3.20 3.15 3.10 3.05 3.00 2.95 7
Pro Forma Assets 11% 33% 33% 46% 4% 29% 43% Oil Gas NGL
Pro Forma Balance Sheet 9
Joint Development Agreement (JDA) Overview and Key Deal Terms TSSP initially commits 150 million with ability, subject to TSSPs consent, to expand up to 750 million which would fund development of targeted 6,000 net acres…
Transaction Merits 11
JDA Acreage Target acreage includes 6,000 net acres across 3 Blocks AMI includes broader Permian horizontal development 12
% Allocation % Allocation 100% 100% 90% 90% 80% 80% 70% 70% 60% 60% 50% TSSP 50% TSSP 40% LGCY 40% LGCY 30% 30% 20% 20% 10% 10% 0% 0% CAPEX Reserves CAPEX Reserves % Allocation 100% 90% 80% 70% 60% 50% TSSP 40% LGCY 30%…
Attractive Long-Term Investment Opportunity 14
15
Oil and Natural Gas Hedging Summary
Hedging Commodity Basis Exposure 17
Q2 Recap Measure Statistic Note Production 33,571 Boe/d Flat Q-o-Q with less than 8.5 million of capital spending LOE 42.8 million Down 7% Q-o-Q and Down 20% since Q4 2014 G&A(1) 6.5 million Down 1.3 million (or 17%) Q-o-Q EBITDA 69.9…
Estimated Production Range and D&C Capital (1) 19