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March 2016 Investor Presentation – Peyto Exploration & Development Corp

Peyto Exploration & Development Corp · Mar 8, 2016 · 46 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. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 1
  2. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 2
    Peyto Profile PEYTO Exploration & Development Corp. N TSX Listing: PEY N Shares Outstanding: 159.1 million, 3% insiders (as of Jan. 6/16) N Monthly Dividend: 0.11/share N Current Production: 0.6 BCFe/d (100,000 boe/d) N YE 2015…
  3. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 3
    The Peyto Strategy What We Believe PEYTO Exploration & Development Corp. N We believe natures gas is the fuel for the future. N We believe we can make a real profit by being the lowest cost, most efficient producer in the…
  4. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 4
    The Peyto Strategy How We Do It PEYTO Exploration & Development Corp. Invest in our own ideas Build it ourselves Operate it ourselves Focus on maximum return Stay concentrated, lean & efficient 5 3/15/2016
  5. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 5
    The Peyto Strategy Counter Cyclical Growth Per Share PEYTO Exploration & Development Corp. liq prod/share gas prod/share Production per Unit or Share (boe/d per million) 700 AECO Forecast (/GJ) 2016 YE Target 15 75 AECO…
  6. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 6
    Peytos Profitable Business PEYTO Exploration & Development Corp. 7 3/15/2016
  7. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 7
    Peytos Profitable Business 15th 19982013 Build it for less than we sell it PEY 2014 PEY 2015 Land/Acq/Disp 2MM Seismic 7MM Drilling 288MM PDP FD&A /mcfe (2.25) (1.64) Compl. Wellsite Facilities 173MM 49MM 74MM 594MM…
  8. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 8
    Peytos Profitable Business Profitable Even Through The Lows PEYTO Exploration & Development Corp. AECO Monthly 10 Peyto Realized Gas Price (/mcfe) /GJ 36% Avg. Profit Cum To Date 8 6 Bonus 4 Cash Costs 1.38…
  9. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 9
    Peytos Profitable Business Competitive In The North American Marketplace PEYTO Exploration & Development Corp. 10 3/15/2016
  10. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 10
    Peytos Profitable Business Profitability By Basin PEYTO Exploration & Development Corp. 100% Deep Basin PEY 80% Marcellus Cabot 2015 2015 100% Deep Basin PEY 2014 80% Marcellus Cabot 2014* PD FD&A /mcfe (1.64) (0.86) (2.25)…
  11. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 11
    Peytos Unique Assets PEYTO Exploration & Development Corp. 12 3/15/2016
  12. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 12
    Peytos Assets Geographically Focused Core Areas PEYTO Exploration & Development Corp. 440,000 net acres R10 R5W6 R27 R22 R17 9 operated R12 R7W5 gas plants Cutbank ---(730 mmcf/d net capacity) 1600+ km pipelines 1200+…
  13. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 13
    Peytos Assets Deep Basin Permeability Segregation PEYTO Exploration & Development Corp. Ante Ck FOOTHILLS STRUCTURES Elmworth GAS AS ING INCRE BILITY EA PERM WATER Kaybob TRANSITION ZONE WATER Kakwa GAS Gas INCREAH…
  14. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 14
    Peytos Assets Multi Zone Stacked Sandstone Reservoirs PEYTO Exploration & Development Corp. Detailed Petrophysical work on the Spirit River sands revealed 30% more reserves per section Up to per section* 15…
  15. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 15
    Peytos Assets Production By Formation PEYTO Exploration & Development Corp. 120,000 100,000 80,000 40% BOE/D Wilrich 60,000 20% Notikewin 40,000 23% Falher 20,000 8% Cardium 5% Bluesky 0 2005 2006 2007…
  16. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 16
    Peytos Assets Deep Basin Lands Go A Long Way PEYTO Exploration & Development Corp. 500 Peyto Lands 450 Net Lands (000's acres) 400 350 300 250 200 150 Net Peyto Sections 100 50 - Net Sections of Cardium,…
  17. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 17
    Peytos Assets Large Hz MSF Inventory PEYTO Exploration & Development Corp. To Do Done1 Total Total Hz Hz Locations Total Total Locations Unbooked Vertical Hz Booked* Wells Wells 14 432 72 176 391 5 1 5 11 1 2 22 14…
  18. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 18
    Peytos Assets Spirit River Group Potential Land Expiries PEYTO Exploration & Development Corp. AB Land Sales 5 yr Term 6,000,000 5,000,000 4,000,000 24 Month Expiries 3,000,000 Earliest Expiry Date 2,000,000 out to…
  19. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 19
    Peytos Assets Greater Sundance Area PEYTO Exploration & Development Corp. F F F F F FF F AF FCF FF C F FFFF FF F FF F G G FA F F FF FAAF F G F C F A FF GF F F G CG L LI C G A FF AF F FF A F FAF AF AAF FAF AAF F F AFAAFA F AF…
  20. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 20
    Peytos Assets Brazeau River Area PEYTO Exploration & Development Corp. G F F K F F K U C E DCV V VE E K A U F FFU F KA A F F AC F FA J F C L E EV V E F W F G A C F G G G W G E EE V VK DCACF A EG KEC V VC E K C E EV F…
  21. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 21
    Peytos Assets Facility Ownership And Control PEYTO Exploration & Development Corp. R9 R4W6 R26 R21 R16 R11 R6W5 Cutbank Waskahigan W Chicken T60 W Smoky/Kakwa Cutpick Leland/Berland Oldman North T55 Wildhay W W Nosehill W…
  22. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 22
    Peytos Assets Lowest Operating Costs Gas Producers PEYTO Exploration & Development Corp. How We operate Full facilities No water No sour Chemical recycle Flat for Nat gas fuel 9 yrs Continuous innovation 23 BOE…
  23. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 23
    Peytos Assets Drilling Cost Performance PEYTO Exploration & Development Corp. Hz Spirit River 5,000 40 4,412 4,500 34.5 4,268 4,299 4,291 4,308 4,240 4,152 4,155 35 Drill & Case Cost / Depth 4,066 3,999 4,000 29.3 30…
  24. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 24
    Peytos Assets Completion Cost Performance PEYTO Exploration & Development Corp. Monthly Average Completion Costs 2,000,000 240,000 1,800,000 210,000 1,600,000 -35% 180,000 1,400,000 150,000 1,200,000 Cost Per Stage…
  25. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 25
    Peytos Assets 2015 - A Better Year PEYTO Exploration & Development Corp. 26 3/15/2016
  26. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 26
    Peytos Assets 2015 Why The Better Results PEYTO Exploration & Development Corp. 27 3/15/2016
  27. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 27
    Peytos Incredible Returns PEYTO Exploration & Development Corp. 28 3/15/2016
  28. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 28
    Peytos Returns Focus On Returns Drives Capital Discipline PEYTO Exploration & Development Corp. 2015 - 11,600/boe/d 120,000 2014 - 16,800/boe/d 900 2013 - 15,100/boe/d 2012 - 17,600/boe/d 2015 Exit 102,200 boe/d Annual Production…
  29. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 29
    Peytos Returns Stress Testing Low Commodity Prices PEYTO Exploration & Development Corp. Species IP NGLs EUR D/C/E/T/ IRR IRR Number IRR Feb L/S/F Feb 2.50/GJ of 2016 22/16 mmcfd bbl/mmcf BCFE MM 22/16 Flat Locations Strip Strip…
  30. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 30
    Peytos Returns High Returns On Your Capital And Equity PEYTO Exploration & Development Corp. 60% 12 50% 10 40% 8 30% 6 17 yr Average ROE 20% 4 10% 2 0% 0 Return On Capital Employed (%) Return On Equity (%)…
  31. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 31
    Peytos Future PEYTO Exploration & Development Corp. 32 3/15/2016
  32. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 32
    2016 Outlook TCPL Takeaway Expansion PEYTO Exploration & Development Corp. 2.50/GJ 33 3/15/2016
  33. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 33
    2016 Outlook TCPL Capacity Forecast PEYTO Exploration & Development Corp. Room for IT (50%) Brazeau is now out of the USJR area 34 3/15/2016
  34. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 34
    2016 Outlook Western Canadian Gas Volumes and Rig Counts PEYTO Exploration & Development Corp. Canadian Gas Rig Count and Gas Production 400 Western Canadian Gas Production 17.5 17,000 11.00 16,000 10.00 Gas Production…
  35. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 35
    2016 Outlook More for less PEYTO Exploration & Development Corp. Drill 125-135 Hz Wells (100% Hz-MSF, Liquids Rich Natural Gas) Expand & Extract Increase Processing Capacity & NGL Yield 80 mmcf/d Increase Undeveloped Land…
  36. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 36
    2016 Outlook Drill Our Way To 115,000 BOE/D PEYTO Exploration & Development Corp. 120,000 102,200 boe/d exit 120,000 100,000 85,700 boe/d exit TCPL Outage 100,000 75,200 boe/d exit 80,000 80,000 51,000 added 57,000 boe/d…
  37. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 37
    2016 Outlook Continuously Improve Profitability PEYTO Exploration & Development Corp. 2016 Goals* 10% service cost reduction Drilling off season PDP FD&A (1.50) Longer laterals, more stages /mcfe Continuous operations…
  38. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 38
    Peytos Future Where To From Here PEYTO Exploration & Development Corp. 150,000 115,000 boed 100,000 10,000 /boe/d 12,000 /boe/d BOED 11,600 /boe/d 16,800/boe/d 50,000 17,500/boe/d 15,100/boe/d 17,300/boe/d…
  39. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 39
    Appendix PEYTO Exploration & Development Corp. N Quarterly Track Record N Tax Pools N Payout N Hedging Strategy N Gas Marketing N FAQ 40 3/15/2016
  40. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 40
    Quarterly Track Record PEYTO Exploration & Development Corp. 2015 2014 2013 2012 Total Q4 Q3 Q2 Q1 Total Q4 Q3 Q2 Q1 Total Q4 Q3 Q2 Q1 Total Operations Production Oil & NGLs (bbl/d) 6,643 6,943 5,352 6,843 7,456 7,632 8,077 7,502…
  41. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 41
    Organic Business Model Peytos Tax Pools PEYTO Exploration & Development Corp. 1,800 1,600 1,400 1,200 Federal Tax Pools Millions 1,000 800 Q4/15 600 400 200 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009…
  42. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 42
    Peytos Payout Dividend Sustainability PEYTO Exploration & Development Corp. Peyto Dividend Sustainability 2,500 2,000 1,500 Peyto Cum. Earnings Q4/15 1,000 500 0 Q1 2000 Q4 2000 Q3 2001 Q2 2002 Q1 2003 Q4 2003…
  43. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 43
    Successful Hedging Strategy Peyto Realized Price History PEYTO Exploration & Development Corp. 16.00 2003 Peyto 7.51/mc 2004 Peyto 7.38/mcf 2005 Peyto 8.78/mcf 2006 Peyto 8.48/mcf 2007 Peyto 2008 Peyto 8.42/mc…
  44. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 44
    Gas Marketing Future Sales (1 of 3) PEYTO Exploration & Development Corp. Financial Hedges - Gas Pricing 2014 2015 2016 2017 2018 Da te contra cte d GJ/d (/GJ) N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O…
  45. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 45
    Gas Marketing Future Sales (2 of 3) PEYTO Exploration & Development Corp. Financial Hedges - Gas Pricing 2014 2015 2016 2017 2018 Da te contra cte d GJ/d (/GJ) N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O…
  46. March 2016 Investor Presentation – Peyto Exploration & Development Corp – slide 46
    Gas Marketing Future Sales (3 of 3) PEYTO Exploration & Development Corp. Financial Hedges - Gas Pricing 2014 2015 2016 2017 2018 Da te contra cte d GJ/d (/GJ) N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O…

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