MIDSTATES PETROLEUM COMPANY, INC. Management Presentation April 2016 Private and Confidential Subject to FRE 408
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Management Team Private and Confidential Subject to FRE 408 Background Information Mr. Brace has been…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Investment Highlights Private and Confidential Subject to FRE 408 Strong team currently in place with a history…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Organizational Chart Private and Confidential Subject to FRE 408 Jake Brace Interim President & CEO…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Midstates Petroleum Overview Private and Confidential Subject to FRE 408 Completed transition to a…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Demonstrated Performance Private and Confidential Subject to FRE 408 Net Production Adjusted EBITDA(1)…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Cash Operating Expenses(1) Private and Confidential Subject to FRE 408 Cash Operating Expenses Improving Over…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL YE 2015 Reserves Reconciliation Private and Confidential Subject to FRE 408 YE 2015 Technical Reserves(1)(2)…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime Premier Position Private and Confidential Subject to FRE 408 Net Production (Boe/d)(1)…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime Differentiated Performance Private and Confidential Subject to FRE 408 Continuing Top Tier…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime Type Curve Private and Confidential Subject to FRE 408 Cawley, Gillespie and Associates…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime 2014 & 2015 Well Performance Private and Confidential Subject to FRE 408 Well Production…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Demonstrating Capital Discipline Private and Confidential Subject to FRE 408 2015 Realized Savings Anticipated…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime Operating Expense Trend Private and Confidential Subject to FRE 408 2015 Average LOE by…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime Acreage Overview(1)(2) Private and Confidential Subject to FRE 408 Premier position of…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime Regional Geology Private and Confidential Subject to FRE 408 Miss Lime Geologic Overview…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Potential Mississippian Lime Downspacing Private and Confidential Subject to FRE 408 Downspacing Well…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Upside Mississippian Lime Other Drilling Potential Private and Confidential Subject to FRE 408 Future Zone…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Woods/Alfalfa SWD System Private and Confidential Subject to FRE 408 LEGEND 1 x 6 Poly 2 x 6 Poly 1 x 12…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL OCC SWD Curtailment Private and Confidential Subject to FRE 408 Disposal Recap 10 existing Arbuckle SWDs…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Water Disposal Plans Private and Confidential Subject to FRE 408 Midstates MultiTier Strategy Existing…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Alternate Disposal Zones Private and Confidential Subject to FRE 408 GR RES POR Endicott Endicott Sandstone and…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Anadarko Basin Private and Confidential Subject to FRE 408 Primary horizons demonstrate similar Vast acreage…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Cleveland: Significant Cornerstone Horizon Private and Confidential Subject to FRE 408 Pennsylvanian sandstone…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Anadarko Primary Target Reservoirs Private and Confidential Subject to FRE 408 Cleveland Marmaton Cottage…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Anadarko Basin Horizontal Inventory Summary Private and Confidential Subject to FRE 408 Future Zone Gross…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Gulf Coast PetroQuest JV Prospects Private and Confidential Subject to FRE 408 Fleetwood JV Summary 24…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Business Plan Assumptions Private and Confidential Subject to FRE 408 The following sets forth certain…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Business Plan Assumptions (contd) Private and Confidential Subject to FRE 408 ( in millions, except per unit…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Business Plan Financial Summary Private and Confidential Subject to FRE 408 ( in millions, except per unit…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Alternative Scenario Comparison Average Daily Production (Boed) EBITDA 30,000 90 80 25,000 70 20,000 60 50…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Business Plan Financial Summary Private and Confidential Subject to FRE 408 ( in millions, except per unit…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Adjusted EBITDA Reconciliation Private and Confidential Subject to FRE 408 For the Year Ended December 31,…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Cash Operating Expenses Reconciliation Private and Confidential Subject to FRE 408 2015 2015 2015 2015 2014…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL G&A Forecast(1) Private and Confidential Subject to FRE 408 (3) (4) (1) Represents cash expense; G&A…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Anadarko Operating Expense Trend Private and Confidential Subject to FRE 408 2015 Average LOE by…
DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Forced Pooling in Oklahoma Private and Confidential Subject to FRE 408 Oklahoma Corporation Commission (OCC)…