Skip to main content DUG Conference April 2015 – SRC Energy Inc Investor Presentation | Shale Experts
Loading...
Pm

DUG Conference April 2015 – SRC Energy Inc

SRC Energy Inc · Apr 29, 2015 · 22 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. DUG Conference April 2015 – SRC Energy Inc – slide 1
    NYSE MKT: SYRG At Home In the Wattenberg DUG Conference April 2015 1
  2. DUG Conference April 2015 – SRC Energy Inc – slide 2
    Forward Looking Statements & Key Statistics This presentation may contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as believes, Key Statistics expects,…
  3. DUG Conference April 2015 – SRC Energy Inc – slide 3
    Wattenberg Focused Position Colorado 75,065 net acres in the NE Wattenberg Extension Area Greater Wattenberg Area (approximately 90% Core Wattenberg Area operated) 36,643* net acre position in the Core Wattenberg (approximately…
  4. DUG Conference April 2015 – SRC Energy Inc – slide 4
    Core Wattenberg Stacked Pay HZ Well Inventory 1,060 Total Horizontal Drilling Location Estimated Aerial Extent of the Niobrara Benches & Codell Formations(1) Niobrara A Niobrara B HZ Drilling Locations Core Wattenberg Assumes 20…
  5. DUG Conference April 2015 – SRC Energy Inc – slide 5
    Core Wattenberg HZ Operated Wells Leffler Pad 6 36,643 net acre position in the Core Colorado wells Wattenberg 39 Horizontal wells drilled and completed Renfroe Pad on 7 SYRG pads with 100% success rate 5 wells Details on 39…
  6. DUG Conference April 2015 – SRC Energy Inc – slide 6
    Production, Revenue and EBITDA Growth Growing Production and Profitability Rapidly and Responsibly 10,000 Daily Net Production Revenue & Adjusted EBITDA* 8,278 135 127 8,000 120 104 105 98 6,000 90 Margin: BOEPD 77…
  7. DUG Conference April 2015 – SRC Energy Inc – slide 7
    Lateral Spacing Industry History Weld County 2008 to 2010 27 Wells 1 Well Per Section Average Production Horizontal Wattenberg 100,000 10,000 BOEs/Month 1,000 Study Area 100 0 6 12 18 24 30 36 42 48 54 60 Month…
  8. DUG Conference April 2015 – SRC Energy Inc – slide 8
    Lateral Spacing Industry History Weld County 2011 to 2012 647 Wells 1-12 Wells Per Section Average Production Horizontal Wattenberg 100,000 10,000 BOEs/Month 1,000 100 0 6 12 18 24 30 36 42 48 54 60 Month 2008-2010…
  9. DUG Conference April 2015 – SRC Energy Inc – slide 9
    Lateral Spacing Industry History Weld County 2013 to 2014 1,478 Wells 12-24 Wells Per Section Average Production Horizontal Wattenberg 100,000 10,000 BOEs/Month 1,000 100 0 6 12 18 24 30 36 42 48 54 60 Month…
  10. DUG Conference April 2015 – SRC Energy Inc – slide 10
    SRC Production Performance SRC Renfroe & Leffler Pads vs Offsets 120,000 110,000 100,000 90,000 80,000 Leffler Renfroe 70,000 CUM BOEs 60,000 50,000 40,000 30,000 20,000 10,000 0 1 3 5 7 9 11 13…
  11. DUG Conference April 2015 – SRC Energy Inc – slide 11
    SRC Production Performance (1) SRC Phelps & Eberle Pads vs Offsets Standard Length Laterals (4,200') 100,000 90,000 80,000 70,000 60,000 CUM BOEs 50,000 Phelps 40,000 Eberle 30,000 20,000 10,000 0 0…
  12. DUG Conference April 2015 – SRC Energy Inc – slide 12
    SRC Production Performance SRC Eberle Pad vs Offsets Midlength Laterals (7,000) 120,000 100,000 80,000 CUM BOEs 60,000 40,000 Eberle 20,000 0 1 2 3 4 5 6 7 8 Months All production volumes shown are…
  13. DUG Conference April 2015 – SRC Energy Inc – slide 13
    SRC Production Review SRC Union Pad vs Offsets 160,000 140,000 120,000 100,000 CUM BOEs Union 80,000 60,000 40,000 20,000 0 1 3 5 7 9 11 13 15 17 19 21 23 25 Months All production volumes…
  14. DUG Conference April 2015 – SRC Energy Inc – slide 14
    SRC Production Review SRC Kelly Farms Pad vs Offsets 140,000 120,000 100,000 80,000 CUM BOEs Kelly Farms 60,000 40,000 20,000 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Month All production volumes…
  15. DUG Conference April 2015 – SRC Energy Inc – slide 15
    SRC Production Review SRC Weld 152 Pad vs Offsets 100,000 90,000 80,000 70,000 Weld 152 60,000 CUM BOEs 50,000 40,000 30,000 20,000 10,000 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Months All…
  16. DUG Conference April 2015 – SRC Energy Inc – slide 16
    220 vs 330 Lateral Spacing Comparing different N lateral spacing within 24 wells/sec 16 wells/sec same section 12 Wells 6 - 330 6 - 220 3 - Niobrara 3 Codell 2 Midlength Laterals SRC Eberle SRC Phelps A B C 220 330 16
  17. DUG Conference April 2015 – SRC Energy Inc – slide 17
    220 vs 330 Lateral Spacing - Completions Treatment Summary Phelps Eberle Lateral Spacing 330' W 220' W Niobrara 3 3 Codell 3 3 Stage Spacing 150' 150' 3 Sliding Sleeve 2 Sliding Sleeve Stage Method 3 Plug & Perf 4 Plug & Perf…
  18. DUG Conference April 2015 – SRC Energy Inc – slide 18
    220 vs 330 Lateral Spacing CUM Production 18 16 14 Eberle Pad 12 (220') Phelps Eberle CUM BOE/ft 10 Lateral Spacing 330' 220' 5 Month CUM 46,663 +8.4% 50,562 8 Phelps Pad BOE/Well (1) (330') Average Niobrara…
  19. DUG Conference April 2015 – SRC Energy Inc – slide 19
    Wattenberg Drilling and Completions One rig contracted - Currently drilling 11 HZ wells Colorado on Cannon Pad finishing in late May Geis Pad 8 wells Completion phase on 29 wells to begin mid-March 2015 - Start with Kiehn/Weis Pad…
  20. DUG Conference April 2015 – SRC Energy Inc – slide 20
    Current Project Kiehn & Weis Pad Niobrara Wells Codell Wells Variables: - s sand/ft Kiehn Pad Kiehn Pad - Lateral Orientation - A/C Bench Control: - of Stages 1,200 s/ft 1,100 s/ft 1,000 s/ft 1,000 s/ft 1,100 s/ft…
  21. DUG Conference April 2015 – SRC Energy Inc – slide 21
    Appendix 21
  22. DUG Conference April 2015 – SRC Energy Inc – slide 22
    Adjusted EBITDA Reconciliation SYNERGY RESOURCES CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) Three Months Ended Twelve Months Ended Nov 30, Nov 30, Aug 31, Aug 31, ADJUSTED EBITDA 2014 2013…

From the store

Browse maps, data & reports in the Shale Experts store