Skip to main content Q1 2016 Earnings Conference Call – Gulfport Energy Corp. Investor Presentation | Shale Experts
Loading...
Database
Slide Database

Q1 2016 Earnings Conference Call – Gulfport Energy Corp.

Gulfport Energy Corp. · May 9, 2016 · 32 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. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 1
    Investor Presentation May 2016
  2. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 2
    Gulfport Today Key Statistics Primary Areas of Operation (5) Market Capitalization(1) 3.5 Billion Enterprise Value (2) 4.0 Billion Liquidity (3) 926.6 Million Net Debt / TTM Adjusted EBITDA (4) 1.3x Utica Shale Acreage: 231,000…
  3. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 3
    Overview of Gulfport Gulfport Energy Corporation (GPOR) is an independent E&P company based in Oklahoma City, OK Company born from legacy assets in South Louisiana Free cash flow from legacy assets facilitated expansion into North…
  4. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 4
    Key Investment and Financial Highlights High-quality asset base in the Utica will benefit from our solid hedge position and allow us to deliver not only year-over-year growth, but also exit-to-exit, leaving the Company well-positioned…
  5. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 5
    Gulfport 2016 Guidance Year Ending 2016E CAPEX (in millions) (3) 12/31/2016 Forecasted Production Average Daily Gas Equivalent MMcfepd 695 730 Leasehold % Gas 87% 91% Midstream 62.5 % Liquids 13% 9% 32.5 Forecasted Realizations…
  6. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 6
    First Quarter 2016 Highlights Total Production Production Mix Utica Production Growth 15% MMcfe per day 670.7 624.5 623.7 Increased 63% Year-over-Year 457.6 Produced 85% 692.2 MMcfe per day Gas Liquids during 1Q2016 2Q'15…
  7. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 7
    Operational Momentum Key Highlights 2016E Capital Expenditures (2) Gulfports 2015 capital expenditures totaled 747 million (1) 63 450 500 Anticipate 2016 budget of approximately 425 to 475 million, 33 a decrease of 36% to 43% over…
  8. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 8
    Liquidity, Capitalization and Hedge Position Gas Hedges (1) Key Highlights 4.00 500 Strong liquidity and hedge position fund 2016 capital 3.37 450 3.20 3.08 program and provide certainty of cash flows 3.02 400 3.00 Liquidity of…
  9. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 9
    Asset Overview 10WWW.GULFPORTENERGY.COM
  10. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 10
    Utica Shale Overview Chesapeake CONSOL / Buell 8H Hess Asset Overview Athens A 1H-24 Hess Net proved reserves of 1.7 Tcfe (1) Capstone 2H-29 231,000 net acres (2) Oil - 5% Condensate - 15% Rice Energy Wet Gas - 15% Big Foot…
  11. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 11
    Utica Shale Drilling and Completion Activity Net Wells Spud Non-Op Dry Gas Wet Gas 45 Condensate 6 23 26 14 14 3 11 2 8 1 6 2 20 10 1 13 4 7 7 2 3 2 1Q'15 2Q'15 3Q'15 4Q'15 2015 2016E (1) Net Wells…
  12. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 12
    Utica Shale Type Curve Assumptions Condensate Wet Dry Gas Type Curve Assumptions (1) West East Gas West Central East Lateral Length 8,000 8,000 8,000 8,000 8,000 8,000 Well Cost (MM) 8.7 8.7 9.0 9.2 9.4 9.6 Well Cost ( per foot)…
  13. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 13
    Utica Shale Single Well Economics Utica Shale Economics and Inventory (1) 151% 149% 140% 145% 120% 112% 107% 110% 100% 106% 78% 80% 73% 76% 72% 60% 48% 43% 45% 46% 40% 42% 30% 23% 38% 19% 20% 21% 15% 25% 19% 12%…
  14. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 14
    Utica Shale Consistency of Reservoir B East West A A A 116 ft 118 ft A B South North LEGEND B B Gulfport Acreage Key Highlights Focused acreage position in the core of the play Consistency of the reservoir…
  15. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 15
    Utica Shale Diversified Portfolio Overview Rover Pipeline (North) Amount: 125,000 Dth/d DAWN Market: Midwest and Dawn MICHCON In-Service Mid-2017 ANR Pipeline (North) NGPL Pipeline Amount: 250,000 Dth/d Amount: 20,000 Dth/d…
  16. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 16
    Utica Shale Firm Transportation and Sales Outlets Firm Commitments (MMBtu per day) Overview 1,400,000 YE2014 YE2015 YE2016 YE2017 + (MMBtu / day) 1,200,000 Firm Sales Midwest Markets Columbia (Gulf) November 2017 1,000,000 TETCO…
  17. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 17
    Utica Shale Overview of Realized Pricing Overview YE 2017 Secured Firm Commitments Early access to premium Midwest markets and was a 1,225,000 first-mover in securing early transport at low costs out of the basin 923,000 MMBtu…
  18. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 18
    Utica Shale Midstream Infrastructure Hopedale Fractionator Ohio Gathering & Ohio Condensate C3+ Fractionation I & II- 120,000 Bbl/d Operational Stabilization Facility 23,000 Bbl/d Operational C3+ Fractionation III - 60,000 Bbl/d…
  19. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 19
    Utica Shale Strategic Midstream Joint Venture Overview GPOR and RICE formed midstream JV, Strike Force Midstream LLC, to provide gas gathering, compression and water services to GPORs Eastern Belmont and Monroe acreage…
  20. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 20
    Southern Louisiana Asset Overview (1) 2016 Planned Activities (3) Net proved reserves of 2.8 MMBoe Gulfport plans to run a maintenance capital program in Southern Louisiana during 2016 10,976 net acres Gulfport operated…
  21. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 21
    Utica Appendix 22WWW.GULFPORTENERGY.COM
  22. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 22
    Utica Shale Type Curve Assumptions Condensate Condensate Wet Dry Gas Dry Gas Dry Gas West East Gas West Central East Identified Net Locations 154 72 119 125 278 193 Type Curve Assumptions Lateral Length (ft.) 8,000 8,000 8,000…
  23. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 23
    Utica Shale Condensate Window Type Curves Condensate (1) Single Well Economics (1) Type Curve Assumptions West East 50% 45% Lateral Length 8,000 8,000 Well Cost (MM) 8.7 8.7 40% Well Cost ( per foot) 1,083 1,083 30% 38% 30%…
  24. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 24
    Utica Shale Wet Gas Window Type Curve Wet (1) Single Well Economics (1) Type Curve Assumptions Gas Lateral Length 8,000 120% 107% Well Cost (MM) 9.0 100% Well Cost ( per foot) 1,129 80% 73% 60% Total EUR (Bcfe / 1,000)…
  25. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 25
    Utica Shale Dry Gas Window Type Curves Dry Gas (1) Single Well Economics (1) Type Curve Assumptions West Central East 160% 151% Lateral Length 8,000 8,000 8,000 149% 140% Well Cost (MM) 9.2 9.4 9.6 112% 145% 120% Well Cost (…
  26. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 26
    Additional Disclosures Net Undeveloped Locations (1) Condensate Condensate Wet Dry Gas Dry Gas Dry Gas West East Gas West Central East Net Undeveloped Location Summary Net Acres 22,723 12,064 34,259 31,858 73,299 44,680 Lateral…
  27. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 27
    Utica Shale NGL Infrastructure Key Highlights Edmonton Markets Gulfport anticipates to realize 0.18 to 0.22 per gallon for NGLS during 2016 Ontario Markets Compared to Mont Belvieu, Gulfport has Midwest Markets Northeast…
  28. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 28
    Northeast Pipeline Expansion List 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 NE Marcellus to Northeast Transco NE Connector Project 100 100 100 100 100 100 100 100 100 100 100 100…
  29. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 29
    Appendix 30WWW.GULFPORTENERGY.COM
  30. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 30
    Hedged Production Hedge Book (1) 2Q16 3Q16 4Q16 2016 2017 2018 2019 Natural Gas Contract Summary: Natural Gas Fixed Price Swaps (NYMEX) Volume (BBtupd) 530 537 540 518 355 172 5 Weighted Average Price (/MMBtu) 3.15 3.08 3.14 3.20…
  31. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 31
    Financial and Operational Summary 2015 2016 1Q2016 1Q2015 2Q2015 3Q2015 4Q2015 FY 2015 1Q2016 FY2016E Q-o-Q Y-o-Y Production Gas - Bcf 26.0 33.1 48.1 48.9 156.2 53.3 9% 105% Oil - MBbls 765.6 727.1 732.1 674.6 2,899.4 601.8 (11%)…
  32. Q1 2016 Earnings Conference Call – Gulfport Energy Corp. – slide 32
    2015 Proved Reserve Summary Net Reserves as of December 31, 2015 Gas Oil NGL Total PV-10 (MM) (Bcf) (MMBbls) (MMBbls) (Bcfe) SEC (1) Proved Developed Producing 571.1 4.4 12.9 674.7 546 Proved Developed Non-Producing 81.8 1.8 - 92.4…

From the store

Browse maps, data & reports in the Shale Experts store