Skip to main content May 2016 Company Presentation – Halcon Resources Corp | Shale Experts
Loading...
Pm

May 2016 Company Presentation – Halcon Resources Corp

Halcon Resources Corp · May 10, 2016 · 23 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 Company Presentation – Halcon Resources Corp – slide 1
    Company Presentation May 2016
  2. May 2016 Company Presentation – Halcon Resources Corp – slide 2
    2016 Strategy 2016 Capital Budget Reduced activity given low oil prices 1,600 45.0 - D&C budget of 140 160 MM 1,400 40.0 - 55% decrease in D&C Budget vs. 2015 40.8 41.1 (1) 35.0 1,200 38.0 - Focus on preserving liquidity and…
  3. May 2016 Company Presentation – Halcon Resources Corp – slide 3
    Recent Achievements & Current Focus Focused on Improving our Balance Sheet Reduced long-term debt by 1 BN & annual cash interest expense by 50 MM - Exchanged 290 MM in face value of Senior Unsecured Notes into 113 MM of Second Lien…
  4. May 2016 Company Presentation – Halcon Resources Corp – slide 4
    Capitalization & Liquidity No Near-Term Debt Maturities HK Capitalization (MM) 3/31/2016 Cash & Cash Equivalents 9 Restricted Cash 17 Senior Secured Revolving Credit Facility 157 8.625% Senior Secured Second Lien Notes due 2020…
  5. May 2016 Company Presentation – Halcon Resources Corp – slide 5
    Strong Hedge Program in 2016 Designed to support capital program and protect cash flow Remaining 9 Mos of 2016, 84% of oil is hedged based on the midpoint of 2016E production guidance (1) Weighted Average Oil Price: 81/bbl for…
  6. May 2016 Company Presentation – Halcon Resources Corp – slide 6
    Significant Per Unit Cost Improvements Historical LOE (1)/Boe Historical G&A/Boe (2) 49% decrease in 75% decrease in LOE/Boe G&A/Boe 15.63 15.81 11.49 9.52 8.99 8.21 8.00 5.98 4.83 4.00 (3) (3) 2012 2013 2014 2015…
  7. May 2016 Company Presentation – Halcon Resources Corp – slide 7
    Core Growth Assets in Place Inventory Highlights Potential Gross Operated Drilling Inventory (2) 1,000 economic gross operated locations in core 1,308 areas at 60 WTI +31% - Represents 5+ years of drilling inventory with 996 10…
  8. May 2016 Company Presentation – Halcon Resources Corp – slide 8
    Bakken / Three Forks Highlights Remaining 9 Months of 2016 Outlook Williams County Expect to spud 15 gross operated wells with 1 rig running (avg. WI 64%) Average estimated EUR: 900 MBoe Expect to participate in 15 20 gross non-op…
  9. May 2016 Company Presentation – Halcon Resources Corp – slide 9
    Deep Inventory in the Heart of the Williston Basin Depth of Inventory in FBIR Avg. Base EUR Wells per DSUs Remaining Gross Op Locations (Mboe) DSU 3/31/16 60 WTI (2) 80 WTI (3) Strip (1) North FBIR 14 10 63 63 63 801 South…
  10. May 2016 Company Presentation – Halcon Resources Corp – slide 10
    FBIR Wells Outperforming the Type Curve 425,000 400,000 375,000 350,000 325,000 300,000 Cumulative Oil Production (Bbl) 275,000 250,000 225,000 200,000 175,000 150,000 125,000 100,000 75,000 50,000…
  11. May 2016 Company Presentation – Halcon Resources Corp – slide 11
    Well Cost Reduction Details Fort Berthold (FBIR) 11.0 (1.6) (0.9) Cost ( in millions) 6.2 (1.8) (0.5) Completions: all white sand Drilling: eliminate spud rig and more efficient use of contractors/consultants Reduced…
  12. May 2016 Company Presentation – Halcon Resources Corp – slide 12
    Williams County: Ready for a Rebound Depth of Inventory in Williams County Williams County Avg. Base EUR Wells per DSUs Remaining Gross Op Locations (Mboe) DSU 3/31/16 60 WTI (2) 80 WTI (3) Strip (1) Williams Co. 4-7 94 112…
  13. May 2016 Company Presentation – Halcon Resources Corp – slide 13
    Williams County Wells Outperforming the Type Curve 210,000 195,000 180,000 165,000 150,000 Cumulative Oil Production (Bbl) 135,000 120,000 105,000 90,000 75,000 60,000 45,000 30,000 15,000 Producing Days…
  14. May 2016 Company Presentation – Halcon Resources Corp – slide 14
    El Halcn East Texas Eagle Ford Shale Highlights 88,000 net acres leased in the core of the play Entire position de-risked through operated step outs and offset results by others No drilling for remainder of 2016 unless oil prices…
  15. May 2016 Company Presentation – Halcon Resources Corp – slide 15
    Deep Inventory in Core of Play Depth of Inventory in El Halcn Avg. Well Base EUR Remaining Gross Op Locations Spacing (Mboe) 3/31/16 60 WTI (2) 80 WTI (3) Strip (1) El Halcon 1,000' 94 545 675 452 Total 94 545 675 Years…
  16. May 2016 Company Presentation – Halcon Resources Corp – slide 16
    Well Cost Reduction Detail Single Well Cost Development Well Cost 9.5 (1.1) +0.5 6.5 6.3 (1.6) Cost ( in millions) (0.3) (0.7) Reduced rates across the board Decreased drilling services and materials costs: labor,…
  17. May 2016 Company Presentation – Halcon Resources Corp – slide 17
    El Halcn Well Performance 140,000 120,000 Cumulative Production, Boe 100,000 80,000 60,000 40,000 20,000 0 0 30 60 90 120 150 180 210 240 270 300 330 360 Producing Days 452 Mboe El Halcn Type Curve 2015…
  18. May 2016 Company Presentation – Halcon Resources Corp – slide 18
    Navigating a Challenging Market Reset Balance Current focus on comprehensive balance sheet restructuring Targeting a sustainable capital structure even if low prices persist Sheet No near-term debt maturities Strong Hedge…
  19. May 2016 Company Presentation – Halcon Resources Corp – slide 19
    Company Profile Total Proved Reserves: (1) 146.8 MMBoe % Proved Developed: 56% Bakken/Three Forks 120,000 Net Acres % Liquids: 91% 122.0 MMBoe Proved Reserves (1) % Operated: 95% Total Proved PV10: (1) 1,111 MM 1Q16 Net Daily…
  20. May 2016 Company Presentation – Halcon Resources Corp – slide 20
    Updated 2016 Operating and Financial Guidance Summary 2016E Production (Boe/d) Total 37,000 39,000 % Oil 80% % Gas 10% % NGL 10% Capital Spending ( in millions) Drilling & Completions Capex (1) 140 - 160 Operating Costs and…
  21. May 2016 Company Presentation – Halcon Resources Corp – slide 21
    Derivative Detail Oil Hedge Summary 9 Mos 2016 FY 2017 Volume Ceiling / Swap Floor Volume Ceiling / Swap Floor (1) Purchased (1) (1) (Bbls) Price (Bbls) Price Purchased (1) Collars 3,391,000 78.23 72.40 1,368,750 74.16 57.33…
  22. May 2016 Company Presentation – Halcon Resources Corp – slide 22
    Oil & Gas Marketing Avg. NYMEX Marketing Highlights 1Q16 HK Oil Differentials by Area (1) Oil Price Williston Basin 33.73/bbl Oil Marketing 91% 80%+ of production connected to pipeline 80% Gas Marketing 76% All existing gas…
  23. May 2016 Company Presentation – Halcon Resources Corp – slide 23
    Halcn Ownership (in thousands) (6) Basic Dilutive Securities Fully Diluted Net Diluted (1) (2) (3) (4) (5) Owner Shares Percent Conv. Debt Conv. Preferred Warrants RSAs PSUs Options Shares Percent Shares Percent HALRES LLC - - 23,743…

From the store

Browse maps, data & reports in the Shale Experts store