Skip to main content Q3 2015 Earnings Release – Sandridge Energy, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Q3 2015 Earnings Release – Sandridge Energy, Inc.

Sandridge Energy, Inc. · Nov 4, 2015 · 17 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. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 1
    0
  2. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 2
    Q315 RESULTS, UPDATES AND RECENT TRANSACTIONS THIRD QUARTER RESULTS AND UPDATED GUIDANCE RANGES FOR 2015 PRODUCTION, CAPEX AND ADJUSTED EBITDA 79.9 MBoepd of total company production 113MM of capital expenditures 118MM of adjusted…
  3. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 3
    ACQUISITION OF NORTH PARK BASIN OIL ASSETS Transaction Detail NORTH PARK BASIN, NORTH CENTRAL COLORADO 190MM all cash acquisition of 136,000 net acres in Jackson County, CO (47% held by production or held by Federal Unit) Seller EE3,…
  4. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 4
    STRONG RESULTS ACROSS ACQUIRED ACREAGE 502 Boepd Average 30-Day IP on Last 9 Wells Peterson Ridge 01-20H Hebron 03-12H First Prod: Jan 2014 First Prod: Aug 2013 30-day IP = 359 Boepd 30-day IP = 517 Boepd Grizzly 03-32H First…
  5. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 5
    ACQUISITION OF NORTH PARK BASIN OIL ASSETS Similar Geologic Characteristics to the DJ Basin Niobrara NORTH PARK BASIN Sussex SS A Shannon SS Depth 5,500 9,000 ft. Pierre Sh Reservoir Storage Capacity B Niobrara Fm 450 ft. Gross…
  6. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 6
    ACQUISITION OF NORTH PARK BASIN OIL ASSETS DEVELOPMENT OUTLOOK RIGHTSIZED DIVERSIFICATION First spud planned for January 2016 Derisked high quality oil resource play Increase to 2 rigs in mid-2016 Medium depth horizontal development…
  7. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 7
    COMPARISON OF SANDRIDGE D&C RETURNS North Park Basin Generates Strong Returns NIOBRARA MISS EUR 311 MBoe 484 MBoe % Oil 81% 24% D&C Capex 3.6MM 2.3MM IRR Oct. 28 Strip 32% 31% PV-10 Oct. 28 Strip 1.4MM 1.4MM IRR 60/2.50 69% 43%…
  8. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 8
    LIABILITY MANAGEMENT AND TRANSACTION ACTIVITIES 925MM of Debt Addressed Since May 28, 2015 SandRidgeEnergy.com 9 9
  9. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 9
    2.3MM PER MISSISSIPPIAN LATERAL TARGET ACHIEVED D&C Cost Reduction Key to Preserving Competitive Returns REALIZED SAVINGS: 325K - EFFICIENCY GAINS Rig efficiency & cycle time improvement Location highgrading Logistics Commingled…
  10. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 10
    40% MULTILATERALS IN 2015 DRILLING PLAN 100% of 90-Day Type Curve Production for 88% of a Single Lateral Cost ACTIVITY AND SUCCESS THROUGH Q315 Spud 151 laterals with multilateral design, inception to date (40 extended laterals, 60…
  11. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 11
    MISSISSIPPIAN WELL PERFORMANCE ABOVE TYPE CURVE Many Quarters of Demonstrated Consistency SandRidgeEnergy.com 12 12
  12. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 12
    2015 PRODUCTION GUIDANCE Raising 2015 Production Guidance by 250 MBoe at the Midpoint (a) Note: Totals may not foot due to rounding (a) Pro Forma for GOM divestiture SandRidgeEnergy.com 14 14
  13. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 13
    SANDRIDGE PRO FORMA CAPITALIZATION AND LIQUIDITY CAPITALIZATION LIQUIDITY Actual Actual Pro forma (1) Actual Pro forma (1) Jun 30, 2015 Sep 30, 2015 Sep 30, 2015 Sep 30, 2015 Sep 30, 2015 (MM) (MM) (MM) (MM) (MM) Cash 984 790 699 Cash…
  14. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 14
    MINIMUM 1ST AND 2ND LIEN SECURED DEBT CAPACITY MM 1st Lien Capacity 1,000 RBL - Outstanding Letters of Credit (11) Remaining 1st Lien Capacity 989 2nd Lien Capacity 1,500 Existing 2nd Lien (1,328) Remaining 2nd Lien Capacity 172…
  15. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 15
    2015 UNSECURED DEBT REDUCTION 2015 UNSECURED DEBT REDUCTION Par Amount Repurchase Annual Interest Repurchased/Converted Price Savings Date (MM) (MM) 5/14 Unsecured Debt for Equity Swap 50 0.82 4 8/14 Unsecured Debt Repurchase 250…
  16. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 16
    UPDATED 2015 OPERATIONAL GUIDANCE TOTAL COMPANY MID-CONTINENT PRODUCTION OTHER Oil (MMBbls) 9.3 10.0 7.9 8.6 Natural Gas Liquids (MMBbls) 4.9 5.0 4.8 4.9 EBITDA from Oilfield Services and Other (MM) 10 EBITDA is a Non-GAAP financial…
  17. Q3 2015 Earnings Release – Sandridge Energy, Inc. – slide 17
    2015 CAPITAL EXPENDITURES GUIDANCE CAPEX GUIDANCE MM CAPEX GUIDANCE DETAIL MM Exploration and Production 612 Development D&C 306 Land and Geophysical 38 Appraisal & New Ventures D&C 29 Carryover 102 Total Exploration and Production…

From the store

Browse maps, data & reports in the Shale Experts store