Skip to main content December 2015 Investor Presentation – Delphi Energy Corp. | Shale Experts
Loading...
Pm

December 2015 Investor Presentation – Delphi Energy Corp.

Delphi Energy Corp. · Dec 28, 2015 · 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. December 2015 Investor Presentation – Delphi Energy Corp. – slide 1
    CORPORATE PRESENTATION DECEMBER 2015
  2. December 2015 Investor Presentation – Delphi Energy Corp. – slide 2
    A MONTNEY FOCUSED SUSTAINABLE BUSINESS MODEL Delphis Bigstone Montney remains a Top Tier growth asset: Maintains favorable economics in the current commodity price environment Well payouts remain attractive at 1.4 years on current…
  3. December 2015 Investor Presentation – Delphi Energy Corp. – slide 3
    DELPHI: CORPORATE DEEP BASIN NORHWEST ALBERTA CORPORATE INFO Dawson Creek Trading Symbol TSX:DEE Hythe Basic Shares Outstanding 155.5 million Hythe and Wapiti Grande Prairie sold in 2015 Market Capitalization 125 million…
  4. December 2015 Investor Presentation – Delphi Energy Corp. – slide 4
    DELPHI: BIGSTONE A SINGULAR FOCUS 22 DEE Producing Montney Horizontals December 2015 5
  5. December 2015 Investor Presentation – Delphi Energy Corp. – slide 5
    BIGSTONE MONTNEY: DOMINANT LAND POSITION Montney land position has grown to 139 gross (117.1 net) sections since 2010 Delphi one of the largest Montney landowners on map sheet Continue to pursue additional Montney…
  6. December 2015 Investor Presentation – Delphi Energy Corp. – slide 6
    BIGSTONE MONTNEY: STRATEGIC INFRASTRUCTURE Rge25W5 Delphi owns Rge24 significant infrastructure at Rge23 Rge22 Rge19 Rge18 SemCAMS KA TCPL Bigstone 100% owned 55 mmcf/d sour dehy and Alliance compression facilities 26% ownership…
  7. December 2015 Investor Presentation – Delphi Energy Corp. – slide 7
    BIGSTONE MONTNEY: STRATEGIC INFRASTRUCTURE Delphi 100% owned Water Disposal Facility 3 million project Less than 1 year payout Targeted operating costs savings of: 2.0 to 2.5 million per year or 0.70 per Montney boe Targeted…
  8. December 2015 Investor Presentation – Delphi Energy Corp. – slide 8
    BIGSTONE MONTNEY: TCPL/ALLIANCE SERVICE 100.0 TCPL/Alliance Capacity (mmcf/d) 90.0 80.0 70.0 Q3 2015 Average Natural Gas Staged firm service capacity on Alliance to deliver natural 60.0 Production gas to the Chicago gas market…
  9. December 2015 Investor Presentation – Delphi Energy Corp. – slide 9
    DELPHI MONTNEY OPEX AND NGL YIELDS Montney OPEX Costs (/boe) Montney Operating Costs 14.00 Operating costs being reduced as a result of 12.00 economies of scale, processing arrangements 10.00 and reduction in cost of services…
  10. December 2015 Investor Presentation – Delphi Energy Corp. – slide 10
    UNDERSTANDING THE TRANSFORMATION Strategic Events In 2015 Sale of Wapiti / Hythe / other minor non-core assets in 2015 2,600 boe/d (62 million gross proceeds) Low…
  11. December 2015 Investor Presentation – Delphi Energy Corp. – slide 11
    BIGSTONE MONTNEY: 21 WELLS DRILLED Drilled 3 HZ wells in 2012 To KA Sour Two mile HZs with laterals of 2,200 Plant m to 3,000 m ATH 16-30 DEI Fracd using conventional gelled oil 5 wells 3 wells frac designs 8-21 Drilled 7 HZ wells…
  12. December 2015 Investor Presentation – Delphi Energy Corp. – slide 12
    WEST BIGSTONE: ADDITIONAL MONTNEY UPSIDE Athabasca well producing West Bigstone Montney: 95 bbl/mmcf condensate 27 sections (100% WI) Athabasca well drilled and Upper and middle Montney thicken completed Natural gas is sweet to…
  13. December 2015 Investor Presentation – Delphi Energy Corp. – slide 13
    DELPHI: RESERVES GROWTH Growth in Montney Reserves 25% PDP 42% PDNP 2% PUD 31% PA 74,368 31,434 Probable (mboe) Proved (mboe) Montney Development 61,662 Reserves /1,000 shares 25,520 124% growth in PDP reserves over…
  14. December 2015 Investor Presentation – Delphi Energy Corp. – slide 14
    BIGSTONE MONTNEY: PRODUCTION GROWTH Montney Production (boe/d) 8,000 124% Growth in 2014 6,000 vs 2013 4,000 2,000 Montney Production Still Growing in 2015 0 Eleven fold increase in Montney production from 2012 2013 2014 YTD…
  15. December 2015 Investor Presentation – Delphi Energy Corp. – slide 15
    DELPHI INDIVIDUAL WELL DATA Initial Production (IP) Rate Well Performance (1) Number IP30 IP30 IP30 IP90 IP180 IP270 IP365 IP 2yr HZ Length of Fracs Total Sales FCond Rate Total NGL Total Sales Total Sales Total Sales Total Sales…
  16. December 2015 Investor Presentation – Delphi Energy Corp. – slide 16
    BIGSTONE MONTNEY COMPARED TO A LARGER DATA SET Elmworth Large data set 488 Montney wells on production Wapiti Delphi Kakwa Bigstone Source of Data: geoSCOUT December 2015 17
  17. December 2015 Investor Presentation – Delphi Energy Corp. – slide 17
    EVOLUTION: WELL PRODUCTIVITY INCREASING IP90 (mcf/d) IP180 (mcf/d) 4,500 15 18 441 wells 4,500 17 362 wells 4,000 19 60 36 4,000 14 46 3,500 59 3,500 18 30 48 33 38 3,000 3,000 25 2,500 66 2,500 36 18 55 2,000 2,000 15 1,500…
  18. December 2015 Investor Presentation – Delphi Energy Corp. – slide 18
    EVOLUTION: DELPHI WELL COST IMPROVEMENTS DEE Well Costs 12,000 D&C Costs ( 000) Avg. Drill Costs Avg. Comp. Costs Cost per Frac Stage (000) Avg. Comp. /Stage 700 Montney Capital Efficiencies 10,000 600 Average drilling and…
  19. December 2015 Investor Presentation – Delphi Energy Corp. – slide 19
    BIGSTONE MONTNEY: ECONOMICAL MODEL Delphi Energy - Bigstone Montney Two Section Horizontal Type Well 30 to 40 stage Slickwater Hybrid Completion Sept. 4, 2015 GLJ July 2015 Strip Pricing(1) Pricing(2) Capital Total MM 8.2 Initial…
  20. December 2015 Investor Presentation – Delphi Energy Corp. – slide 20
    DELPHI: HEDGES PROTECTING CASH FLOW Natural Gas (Cdn) Dec 2015 2016 2017 Volume (mmcf/d) 4.7 2.8 2.4 % Hedged (1) 15% 9% 8% Fixed Price (Cdn /mcf) 3.95 3.84 3.96 Strip Price (Cdn /mcf) 2.22 2.33 2.80 Natural Gas (US) Dec 2015 2016…
  21. December 2015 Investor Presentation – Delphi Energy Corp. – slide 21
    DELPHI: 2015 GUIDANCE 2015 Guidance Post Wapiti and Hythe Dispositions Average Annual Production (boe/d) 9,400 9,600 Exit Production Rate (boe/d) 8,100 8,300 AECO Natural Gas Price (Cdn per mcf) 2.70 WTI Oil Price (US per bbl)…
  22. December 2015 Investor Presentation – Delphi Energy Corp. – slide 22
    DELPHI: A DIRECTIONAL LOOK AT 2016 2016 CAPEX / CF MATRIX Number of 2016 EXIT RATE US WTI / US2.50 NYMEX Gross Wells PRODUCTION GROWTH 40.00 50.00 60.00 70.00 4 0% 97% 94% 83% 74% 5 15% 110% 96% 84% 75% 6 25% 113% 103% 90% 80% 7…
  23. December 2015 Investor Presentation – Delphi Energy Corp. – slide 23
    DELPHI: SUMMARY Bigstone Montney is a Top Tier growth asset: Large Montney land base of 139 sections Favorable economics and attractive capital efficiencies Remains economic in the trough of the commodity price cycle Hedges in place…
  24. December 2015 Investor Presentation – Delphi Energy Corp. – slide 24
    APPENDIX 25
  25. December 2015 Investor Presentation – Delphi Energy Corp. – slide 25
    EVOLUTION OF THE WORLD-CLASS MONTNEY PLAY Elmworth Large data set 488 Montney wells on production Wapiti Delphi Kakwa Bigstone Source of Data: geoSCOUT November 2015 26
  26. December 2015 Investor Presentation – Delphi Energy Corp. – slide 26
    EVOLUTION: PACE OF DRILLING ACCELERATING Producing Wells by Rig Release Date Drilling remains active with 106 Montney Total Wells: 488 wells rig released YTD 2015 200 Only 10 wells reporting Montney 150 production as of the date of…
  27. December 2015 Investor Presentation – Delphi Energy Corp. – slide 27
    EVOLUTION: WELL LENGTH INCREASING 180 Number of Wells 3,000 Average Horizontal Length (m) 160 Delphi Ave 2,500 140 120 2,000 100 1,500 80 60 1,000 40 500 20 0 0 0-1,000 1,001-1,500 1,501-2,000 2,001-2,500 2,501-3,000…
  28. December 2015 Investor Presentation – Delphi Energy Corp. – slide 28
    EVOLUTION: FRAC STAGES INCREASING Number of Wells Average Number of Frac Stages/Well 160 30 Delphi Ave 140 25 120 20 100 80 15 60 Evolution of frac design/recipe 10 40 has also had a significant 20 5 positive impact to…
  29. December 2015 Investor Presentation – Delphi Energy Corp. – slide 29
    EVOLUTION: WELL PRODUCTIVITY INCREASING IP90 (mcf/d) IP180 (mcf/d) 4,500 15 18 441 wells 4,500 17 362 wells 4,000 19 60 36 4,000 14 46 3,500 59 3,500 18 30 48 33 38 3,000 3,000 25 2,500 66 2,500 36 18 55 2,000 2,000 15 1,500…
  30. December 2015 Investor Presentation – Delphi Energy Corp. – slide 30
    EVOLUTION: DRILLING EFFICIENCY GAINS Average Spud to TD (days) 60 Over a 5 year period, 50 industry improved overall 40 drilling penetration rates 30 by over 50%. 20 10 0 Fewer days = lower costs Average Penetration…
  31. December 2015 Investor Presentation – Delphi Energy Corp. – slide 31
    300, 500 4th Avenue SW Calgary, Alberta T2P 2V6 P (403) 265-6171 F (403) 265-6207 infodelphienergy.ca www.delphienergy.ca 32

From the store

Browse maps, data & reports in the Shale Experts store