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INVESTOR PRESENTATION – Stone Energy Corp.

Stone Energy Corp. · Jun 1, 2014 · 31 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. INVESTOR PRESENTATION – Stone Energy Corp. – slide 1
    Strategic Growth Strategic Growth 2014 June Investor 1
  2. INVESTOR PRESENTATION – Stone Energy Corp. – slide 2
    Mission: Top Quartile Return to Shareholders 1 Strategic Growth as of December 2013 1 Year Average 3 Year Stock Performance 5 Year Stock Performance 2013 2011 2013 CAGR% 2009 2013 CAGR % -50% 0% 50% 100% 150% -40% -20% 0% 20% 40%…
  3. INVESTOR PRESENTATION – Stone Energy Corp. – slide 3
    Strategic Growth 4
  4. INVESTOR PRESENTATION – Stone Energy Corp. – slide 4
    Strategic Growth Growth Areas Contributing 1 Activity Update Deep Water Successful Discovery at Amethyst Success at Cardona, Cardona South Appalachia Accelerated Cardona Development Project 90,000 acres Morgantown Evaluate…
  5. INVESTOR PRESENTATION – Stone Energy Corp. – slide 5
    Strategic Growth Major Capital Projects for 2014 825 Million 10% 3% 12% 18% 26% 58% 70% Deep Water Business Development Data & Capture 3% Marcellus Shale Exploration Conventional Shelf Development Deep Gas Capital by Focus…
  6. INVESTOR PRESENTATION – Stone Energy Corp. – slide 6
    1 5 Year Plan: Deep Water Strategic Growth 1 - Based on Stones internally forecasted 5 year plan. The capital expenditures and production in the 5 year plan is subject to Board approval, drilling success, market conditions and…
  7. INVESTOR PRESENTATION – Stone Energy Corp. – slide 7
    Strategic Growth Deep Water Lease Portfolio 1 Legend Stone Leases 2014 2015 2016+ 119 Deep Water leases, 3 apparent high bid 20 High potential prospects 17 Tie back exploration projects 12 Platform development…
  8. INVESTOR PRESENTATION – Stone Energy Corp. – slide 8
    Deep Water : Infrastructure Leverage Strategic Growth 1 - Based on Stones internally forecasted 5 year plan. The capital expenditures in the 5 year plan is subject to Board approval, market conditions and other factors which may…
  9. INVESTOR PRESENTATION – Stone Energy Corp. – slide 9
    Deep Water: Pompano Platform Strategic Growth 60,000 bpd capacity (4,000 bpd current) 200 mmcfpd capacity (20 mmcfpd current) 1,300 water depth 3rd party processing fees Maintain optimal access Aggressive maintenance capital…
  10. INVESTOR PRESENTATION – Stone Energy Corp. – slide 10
    Pompano - MC 29 Cardona/Cardona South Discoveries 1 Strategic Growth 65% Working Interest On line: Est. Jan 2015 Shale Out Salt Cardona TB-9 Cardona Net Pay 96 Ft. Est. EUR Range: 4 - 8 mmboe gross Potential Cardona…
  11. INVESTOR PRESENTATION – Stone Energy Corp. – slide 11
    1 GOM Deep Water: Cardona Tieback Development Strategic Growth Pompano Cardona Sand Detector Long Term Operability Future capability and flexibility Multiple flow options Optimize access Cardona South Available Hub 2013…
  12. INVESTOR PRESENTATION – Stone Energy Corp. – slide 12
    Amethyst Discovery Strategic Growth Operator SGY 100% working interest 90 feet of pay in main zone Est EUR gross 60 240 bcfe 1 1 Est. 40 80 mmcfed rate potential Amethyst Offset fault block Pompano De-risks Derbio Field…
  13. INVESTOR PRESENTATION – Stone Energy Corp. – slide 13
    1 GOM Deep Water: Amethyst Tieback Development Strategic Growth CRA Flexible Line 15 kpsi Tree Additional Hub Flexible Line supports optimal schedule and operability 2014 2015 2016 Sanction Detailed Design Critical…
  14. INVESTOR PRESENTATION – Stone Energy Corp. – slide 14
    1,2 Strategic Growth Deep Water Platform Rig Programs Amberjack Pompano Pompano Platform A-25 ST M Sr. SGY 100% SGY 100% Operator SGY Operator SGY PUD Pliocene A-15 ST2 Brutus M Sand SGY 100% SGY 100% Amplitude Operator…
  15. INVESTOR PRESENTATION – Stone Energy Corp. – slide 15
    1 Deep Water Exploration: Projected 2014 Wells Strategic Growth Planned Rig Schedule (Subject to change) 2014 2015 January April July October January April Prospect Operator Amethyst MC26 SGY Mica Deep MC211 XOM Goodfellow…
  16. INVESTOR PRESENTATION – Stone Energy Corp. – slide 16
    1 Strategic Growth Deep Water Wells 2015- 2017 Planned Rig Schedule (Subject to change) 2015 2016 2017 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept…
  17. INVESTOR PRESENTATION – Stone Energy Corp. – slide 17
    1 5 Year Plan: Appalachia Marcellus Plan Strategic Growth 1 - Based on Stones internally forecasted 5 year plan. The capital expenditures and production in the 5 year plan is subject to Board approval, drilling results, market…
  18. INVESTOR PRESENTATION – Stone Energy Corp. – slide 18
    Strategic Growth Liquids Rich Marcellus Development Katie Field 1,100 acres 2 producing wells 2 mmcfepd net Christine Field 31,000 acres s Mary Heather Field 5,800 acres 18 producing wells Mary Field 8 pending tie-in…
  19. INVESTOR PRESENTATION – Stone Energy Corp. – slide 19
    Appalachia: Marcellus Mid-Stream Upgrades Strategic Growth MOUNDSVILLE OAK GROVE FT. BEELER Planned Williams Mid-Stream Projects Oak Grove Cryogenic Plant TEXAS Eastern Pipeline 1st stabilizer expected May 2014 De-ethanizer…
  20. INVESTOR PRESENTATION – Stone Energy Corp. – slide 20
    Appalachia Exploration: Utica Shale Update Strategic Growth Mary Field Utica Potential Gulfport IP: 30 mmcfed 28,500 net acres High rate offset wells Chevron IP: 23 mmcfed Additional permitted wells Existing Mary…
  21. INVESTOR PRESENTATION – Stone Energy Corp. – slide 21
    Regional Utica Structure and Cross Section Strategic Growth Stone 100ft Increased Carbonate Pribble pad Wetzel County Vertical depth 10,800 Lateral length 3,700 Interval Thickness 95-120 Frac Spacing 200 per…
  22. INVESTOR PRESENTATION – Stone Energy Corp. – slide 22
    1 5 Year Plan: Deep Gas Strategic Growth 1 - Based on Stones internally forecasted 5 year plan. The capital expenditures and production in the 5 year plan is subject to Board approval, drilling results, market conditions and…
  23. INVESTOR PRESENTATION – Stone Energy Corp. – slide 23
    1 Strategic Growth Deep Gas Exploration: Quick-to-Market Portfolio 2014 2015 Planned Rig Schedule (Subject to Change) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug…
  24. INVESTOR PRESENTATION – Stone Energy Corp. – slide 24
    1 Strategic Growth Conventional Shelf: Harvest Value 1 The capital expenditures in the 5 year plan is subject to Board approval, market conditions and other factors which may impact the actual expenditures and alter the 5 year…
  25. INVESTOR PRESENTATION – Stone Energy Corp. – slide 25
    Strategic Growth Balance Sheet Flexibility 1 Market Capitalization 2.4 Billion Enterprise Value 1 3.1 Billion Trailing 12 Month EBITDA 2 611 Million EV/EBITDA 4.9x Liquidity: 203 Million in Cash Another 200 Million from Equity…
  26. INVESTOR PRESENTATION – Stone Energy Corp. – slide 26
    Strategic Growth Cash Margin Revenue per (Includes Hedges) Cash Margin /boe Current Taxes Interest Expense 80 Production Taxes G&A LOE & Processing 66.03 61.36 60 57.34 55.17 51.24 49.28 38.31 40 37.18 33.05 33.54…
  27. INVESTOR PRESENTATION – Stone Energy Corp. – slide 27
    Strategic Growth Multiple Options to Fund Projects Exploration and Development Projects 2014 Funding Alternatives Deep Water Exploration Cash flow Amethyst, Mica Deep, Harrier, Goodfellow Cash position Deep Water Development…
  28. INVESTOR PRESENTATION – Stone Energy Corp. – slide 28
    Stone Energy Investment Thesis Strategic Growth Significant 2014 Exploration Exposure Deep Water: Amethyst, Mica Deep , Harrier, Goodfellow Deep Gas: Tomcat, Cayenne Appalachia: Utica Shale Robust 2014 Development Program…
  29. INVESTOR PRESENTATION – Stone Energy Corp. – slide 29
    Strategic Growth Appendix 30
  30. INVESTOR PRESENTATION – Stone Energy Corp. – slide 30
    1 EBITDA Reconciliation Strategic Growth 12 Months Ending 3/31/14 Net Income 103 Interest expense 31 Income taxes 61 DD&A 358 Accretion& Other 58 EBITDA 611 (In Millions) 1 - EBITDA is defined as net earnings plus…
  31. INVESTOR PRESENTATION – Stone Energy Corp. – slide 31
    Strategic Growth Hedging Transactions Oil Natural Gas Daily Volume Daily Volume (Bbl/d) Price (Mmbtu/d) Price 2014 1,000 90.06 Swap Contract 2014 10,000 4.00 Swap Contract 2014 1,000 90.25** Swap Contract 2014 10,000 4.04 Swap…

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