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Capital One Conference – Stone Energy Corp.

Stone Energy Corp. · Dec 8, 2015 · 20 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. Capital One Conference – Stone Energy Corp. – slide 1
    Stone Energy Corporation (SGY) Capital One Conference December 2015
  2. Capital One Conference – Stone Energy Corp. – slide 2
    Stone is Focused in Lowest (Non-OPEC) Cost of Supply Basins Achieving Milestones 6.00 NYMEX Breakdown for 15% ATAX IRR Stone focus areas Gas Supply Cost 5.00 H 4.00 a y n F 3.00 N a B e Stone i y a s G o e r v r b t…
  3. Capital One Conference – Stone Energy Corp. – slide 3
    Managing Liquidity Position Achieving Milestones MM Index 900 Liquidity Profile Cash* 50 million in cash * 800 Undrawn Credit Facility** 500 million undrawn credit facility ** 700 2017 Convertible Notes 1.75% 2022 Senior Notes…
  4. Capital One Conference – Stone Energy Corp. – slide 4
    Actively Addressing Upcoming 2017 Convertible Notes Achieving Milestones Available Options Bank Credit Facility Restructure Existing Convertible Notes Second Lien Note or Line Infrastructure Sale-Lease Back Non-Core Asset Sale…
  5. Capital One Conference – Stone Energy Corp. – slide 5
    Capital and Expenses Reduced in Response to Low Commodity Prices Achieving Milestones MM Capital MM LOE 1,000 250 Base LOE 900 800 895 200 201 700 695 182 600 150 500 400 450 100 105 300 200 50 100 0 0 2013 2014…
  6. Capital One Conference – Stone Energy Corp. – slide 6
    2015 Capital Focused on Near Term Cash Generation Achieving Milestones Approved Capital Budget 450 mm Disciplined Capital Program With Catalysts 9% 88% 3% Gulf of Mexico Cardona No. 6, Online late August 2015 GOM Appalachia…
  7. Capital One Conference – Stone Energy Corp. – slide 7
    Delivering Profitable Growth In Mississippi Canyon Achieving Milestones SGY Critical Mass 2 Production Hubs Low Cost Tie-Backs 50 Leases Advantaged Infrastructure 20 Prospects Enhanced Project Economics 3rd Party Tie-Back…
  8. Capital One Conference – Stone Energy Corp. – slide 8
    Cardona Performing Well and Reserves Likely Trending Upward Achieving Milestones Shale Out Cardona Field Cardona Salt 65% SGY 4 Well Tie Back Loop Cardona 4 Enables Future Tie Backs Net EUR: 7-23 mmboe (Pmean 14 mmboe) Dev…
  9. Capital One Conference – Stone Energy Corp. – slide 9
    Amethyst Development Is On Track For Early 2016 Start Up Achieving Milestones Amethyst VK989 VK990 100% SGY Amethyst Pompano Discovered 2014 Discovery Field Cardona Gas and Condensate EUR 50-200 bcfe (Mean 118) 25-75 mmcfed…
  10. Capital One Conference – Stone Energy Corp. – slide 10
    Pompano Development Program Extends Low Cost Production Profile Achieving Milestones Pompano Platform A-15 ST SGY 100% Pompano Platform Rig Operator SGY PUD Pliocene 100% SGY A-30 Workover 4 Wells A-11 SGY 100% 1 Workover…
  11. Capital One Conference – Stone Energy Corp. – slide 11
    Lamprey Prospect Is a Potential Hub Adjacent to Great White Field Achieving Milestones AC 857 1 SGY 100% 104 - 547 mmboe gross Great White Producing to North DHC 63 mm Great White Lamprey 2 Lamprey 1 3 Great White…
  12. Capital One Conference – Stone Energy Corp. – slide 12
    Exploration Prospects Provide Additional Potential Achieving Milestones Vernaccia Prospect Derbio Prospect Rampart Prospect Apple Prospect Salt Salt Salt Pompano Carrick Pompano Carrick Pompano Carrick Amberjack…
  13. Capital One Conference – Stone Energy Corp. – slide 13
    Managing Gulf of Mexico Rig Commitment (ENSCO 8503) Achieving Milestones Drilling and Utilization Plan Day rate 341,000, 24 month agreement Drill operated projects at reduced interest Join other operator projects to utilize rig…
  14. Capital One Conference – Stone Energy Corp. – slide 14
    Condensate Rich Marcellus Shale Is On Hold For Now Achieving Milestones Chri s tine Area 2015 Drilling & Completion Suspension 26,200 a cres s 2014 Year End Proved Reserves: 526 bcfe 2014 Probable & Possible Reserves: 531 bcfe…
  15. Capital One Conference – Stone Energy Corp. – slide 15
    Prolific Utica Shale Extends Across Stone Acreage Achieving Milestones Range Claysville SC IP: 59 mmcfed Utica Dry Gas 35,000 Net Acres Potential 2016 Development Rice Bigfoot IP: 42 mmcfed Over 200 Potential Well Locations EQT…
  16. Capital One Conference – Stone Energy Corp. – slide 16
    Appalachia Market Likely To Improve As Demand and Takeaway Increase Achieving Milestones Projected Additional U.S. Demand Estimates Texas Eastern 25 Columbia Gas Dominion Tennessee Gas 20 EQT Eureka Blue Racer 15 Bcfd…
  17. Capital One Conference – Stone Energy Corp. – slide 17
    Positioned for Low Price Environment & for Long Term Achieving Milestones Focused in low cost basins Diversified across commodities and plays Significantly reduced Capital, LOE and SG&A Allocated capital to maximize 3 year…
  18. Capital One Conference – Stone Energy Corp. – slide 18
    Achieving Milestones Appendix 19
  19. Capital One Conference – Stone Energy Corp. – slide 19
    Hedging Transactions Achieving Milestones Oil Natural Gas Volume Volume (Bbls/d) Price (Mmbtu/d) Price 2015 1,000 89.00 2015 10,000 4.01 2015 1,000 90.00 2015 10,000 4.12 2015 1,000 90.25 2015 10,000 4.15 2015 1,000 90.40 2015…
  20. Capital One Conference – Stone Energy Corp. – slide 20
    Key Statistics Achieving Milestones 12 Months Ending 9/30/15 2 Net Income (963) Market Capitalization 400 Million Enterprise Value 2 1.5 Billion Interest expense 42 Trailing 12 Month EBITDA 1 345 Million Income taxes (387)…

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