Skip to main content May 2016 Investor Presentation – Devon Energy Corp | Shale Experts
Loading...
Pm

May 2016 Investor Presentation – Devon Energy Corp

Devon Energy Corp · May 5, 2016 · 17 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. May 2016 Investor Presentation – Devon Energy Corp – slide 1
    Investor Presentation May 2016 NYSE: DVN devonenergy.com
  2. May 2016 Investor Presentation – Devon Energy Corp – slide 2
    Devon Today A Leading North American E&P Core Asset Production Q1 2016: 581 MBOED Key Messages Heavy Oil Premier asset portfolio Gas 37% Oil 44% Focused in toptier resource plays NGL 19% Deep inventory of opportunities…
  3. May 2016 Investor Presentation – Devon Energy Corp – slide 3
    Significant Financial Strength Investmentgrade balance sheet 4.6 billion of liquidity (credit facility matures October 2019) No significant nearterm debt maturities Liquidity Debt Maturities Next 5 Years ( Millions) (3/31/16,…
  4. May 2016 Investor Presentation – Devon Energy Corp – slide 4
    Enhancing Financial Strength Active Portfolio Management Noncore asset divestiture program underway Access Pipeline Gross capacity: 340 MBOD Expected proceeds: 2 3 billion (50% Interest) Sales expected throughout 2016…
  5. May 2016 Investor Presentation – Devon Energy Corp – slide 5
    Delivering BestInClass Well Results Devons Avg. 90Day Wellhead IPs 2015 Avg. 90Day Wellhead IPs BOED, 20:1 BOED, 20:1 600 600 450 450 300 300 150 250% 150 Increase 0 0 2012 2013 2014 2015 Top U.S. Producers Source: IHS/Devon.…
  6. May 2016 Investor Presentation – Devon Energy Corp – slide 6
    Achieving Significant Cost Savings D&C costs declining across all core plays D&C Well Cost Declines Peak cost to Q1 2016 Up to 40% lower than peak 2014 rates UP TO Improved drilling efficiencies and lower supply chain costs…
  7. May 2016 Investor Presentation – Devon Energy Corp – slide 7
    Disciplined Capital Allocation Yielding Strong Results 2016 E&P Capital Budget Investing within cash flow 900 Million 1.1 Billion Reducing E&P capital by 75% Other 9% Heavy Oil STACK 18% 33% Focused on top U.S. resource…
  8. May 2016 Investor Presentation – Devon Energy Corp – slide 8
    Strong Returns At Lower Prices Assets in best North American Incremental Well Economics At 50 Oil & 2.50 Gas resource plays Delaware Basin STACK Meramec 30%+ 20%+ Strong well economics at lower Eagle Ford Rockies…
  9. May 2016 Investor Presentation – Devon Energy Corp – slide 9
    STACK BestInClass Position Worldclass development play Atoka Penn. Meramec Best Results 430,000 net surface acres Morrow Strong flow rates Springer Oilweighted production Top targets: Meramec & Woodford Low well costs…
  10. May 2016 Investor Presentation – Devon Energy Corp – slide 10
    STACK Track Record of Growth Perwell productivity continues to increase 40% increase in production year over year Driven by highermargin oil and liquids production STACK Production Growth 91 MBOED 65 40% Increase Q1 2015…
  11. May 2016 Investor Presentation – Devon Energy Corp – slide 11
    STACK Meramec Results Validate Core Position Favorable characteristics Scheffler 1H9X Cascade 23141H of core oil window: 30Day IP: 2,040 BOED 30Day IP: 1,650 BOED Dewey Blurton 176XH Maybel 1H13X 1. Attractive reservoir 30Day…
  12. May 2016 Investor Presentation – Devon Energy Corp – slide 12
    STACK Significant Resource Upside Meramec inventory conservatively risked Assumes 4 risked wells per section (potential for 5 producible intervals) Downspacing and staggered tests to drive location count higher Testing up to 8…
  13. May 2016 Investor Presentation – Devon Energy Corp – slide 13
    Delaware Basin A WorldClass Oil Play Industry leader in basin Net risked acres: 585,000 Lea Q1 net production: 63 MBOED (60% oil) Eddy Delivering topquartile well results Cost savings enhancing value LOE 36% lower YoY…
  14. May 2016 Investor Presentation – Devon Energy Corp – slide 14
    Delaware Basin Significant Resource Opportunity Identified 5,200 risked, undrilled locations Bone Spring 70% of risked inventory Downspacing and appraisal work to drive risked location count higher Evaluating tighter spacing in…
  15. May 2016 Investor Presentation – Devon Energy Corp – slide 15
    Eagle Ford BestInClass Results Toptier acreage position in DeWitt County Expected to generate 250 million of free cash flow in 2016 Consistently delivering best wells in worldclass field (avg. 90 IP rate 1,200 BOED) Top150 Eagle…
  16. May 2016 Investor Presentation – Devon Energy Corp – slide 16
    Canadian Heavy Oil TopTier Thermal Position Located in best part of play Toptier operating results Massive risked resource: 1.4 BBO Significant cash flow at higher prices Profitable at 35 WTI & above 500 MM annually at 50 WTI…
  17. May 2016 Investor Presentation – Devon Energy Corp – slide 17
    Premier Asset Portfolio Platform For Value Creation Asset Risked Opportunity Upside Potential Heavy Oil STACK 5,300 undrilled STACK spacing tests locations underway Delaware 5,000 undrilled Spacing tests and Basin locations appraisal…

From the store

Browse maps, data & reports in the Shale Experts store