Skip to main content 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp Investor Presentation | Shale Experts
Loading...
Pm

2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp

EV Energy Partners Lp · Dec 8, 2015 · 18 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. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 1
    EV Energy Partners, L.P. 2015 Wells Fargo Securities Energy Symposium December 8-9, 2015
  2. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 2
    EVEP Overview Upstream MLP created in September 2006 Experienced General Partner (GP) Ownership EnerVest & Management (76.25%) EnerVest established in 1992 EnCap (23.75%) EnCap established in 1988 48.9 million outstanding units…
  3. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 3
    Relationship with EnerVest EnerVest Private Equity Funds Proved Reserves: 4.9 Tcfe (1) Daily Production: 700 Mmcfe (2) Advantages for EVEP Dropdown capability Asset concentration Along-side acquisitions EnerVest P.E. Funds EV…
  4. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 4
    Long-lived, Diverse Asset Base Total Proved Reserves: 1,303 Bcfe* Percent Developed: 87%* Michigan Percent Natural Gas: 71%* Proved Reserves: 104 Bcfe* Est 4Q 2015 Production(1): 213.5 Mmcfe/d Reserve-Life Index: 16 years San Juan…
  5. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 5
    Action Steps in Lower Commodity Price Environment Raised 769mm of capital by monetizing our Utica midstream investments and a portion of our Eagle Ford formation rights In June 2015, sold 21% interest in Utica East Ohio (Utica…
  6. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 6
    Action Steps in Lower Commodity Price Environment Announced 40% reduction in E&P capital budget for 2015 Significant focus on operating and capital cost reductions LOE 9% below guidance YTD Reevaluating common unit distribution…
  7. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 7
    Acquisition Overview Recently announced 259 million acquisition of high PDP, low-decline properties Estimated net proved reserves of approximately 302 Bcfe, which are 69% natural gas, 15% NGLs, 16% crude oil* 95% proved developed…
  8. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 8
    Pro Forma Production & Reserves Existing Acquisition Pro Forma Daily production increased 33% 250 (3) 218 55 218 Production (Mmcfe/d)(1) On a pro forma basis, 200 proved reserves 163 163 increased 30% and 150 consist of:…
  9. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 9
    Belden & Blake Corporation and Additional Interests in Appalachian Basin Properties Belden & Blake Corporation (Belden) Belden assets complement EVEPs existing properties in the Appalachian Basin and Michigan Estimated net proved…
  10. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 10
    San Juan Basin Assets Properties are located near EVEPs existing position in the San Juan Basin Estimated net proved reserves of 109 Bcfe, which are 67% natural gas, 3% crude oil and 30% NGLs 13 Mmcfe/d current production*…
  11. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 11
    Increased Ownership in Austin Chalk Increased ownership in EV Chalk Acreage EV Chalk Wells EVEPs existing position in the Austin Chalk Adds estimated net proved reserves of 26 Bcfe, which are 39% natural gas, 30% crude oil…
  12. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 12
    Barnett Shale (EVEP 31% Ownership) Top 5 producer (including EnerVest institutional fund ownership) EVEP production: 87 MMcfe/d 69% natural gas, 29% NGL, 2% crude oil Currently running 1 rig D&C costs down 15% EVEP…
  13. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 13
    EVEP Utica Shale Position Acreage position Black Oil Black Oil EnerVest Volatile Oil Lennington 1H - Producing Volatile Oil 173,000 net working interest acres Wet Gas Wet Gas Dry Gas Dry Gas EVEP WI Acreage Overriding royalty…
  14. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 14
    2015 Capital Spending Budget Exploration & Production Capital: 55 65 Million Other 3% Mid-Continent 8% Central Texas 10% Barnett Shale 58% Appalachia 21% 15
  15. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 15
    4Q 2015 Guidance ( in millions) 4Q15 Net Production Natural Gas (Mmcf) 13,140 - 13,680 Crude Oil (Mbbls) 355 - 370 Natural Gas Liquids (Mbbls) 660 - 685 Total Mmcfe 19,230 - 20,010 Average Daily Production (Mmcfe/d) 209 - 218…
  16. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 16
    Commodity Hedging Gas Volume Hedged (Mmcf/d) Oil Volume Hedged (Bbl/d) 140.0 4,500 4.65 89.61 4,000 120.0 3.57 3,500 100.0 3,000 80.0 2,500 123.5 3.24 3,888 60.0 109.0 2,000 1,500 40.0 90.14 60.0 1,000 20.0 500 1,000…
  17. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 17
    Capital Structure ( millions) 9/30/15 Current* Bank Debt 0 265 Senior Notes Due 2019 500 426 Equity Market Capitalization 145 145 Enterprise Value 645 836 Note: Equity market capitalization based on unit price at December 4,…
  18. 2015 Wells Fargo Securities Energy Symposium – EV Energy Partners Lp – slide 18
    Strategy Going Forward Focus on managing and enhancing base business Operating and capital cost reductions Maintain strong liquidity position to manage through current environment Will be assessing appropriate quarterly…

From the store

Browse maps, data & reports in the Shale Experts store