Exploitation of Upper Gulf Coast Tertiary Play N Key Technical and Commercial Enhancements S Multi-stage hydraulic fracturing 6,000 Commingling productive zones Successful downspacing Production allowables relaxed Higher oil…
Continued Development in Louisiana 7 Successful 2012 Horizontals Pine Prairie Program Musser-Davis 8H-1 (N. Cowards Gully) 38 Wells Spud in Pine Prairie through Q3 New drill horizontal Includes 22 Wilcox & 16 Miocene / Frio wells…
Q4 2012 Plans in Louisiana 8 Continue horizontal development Drill western offset to successful horizontal in Upper Wilcox B sand in N. Cowards Gully Drill Cockfield Mystic horizontal in S. Bearhead Creek Two horizontal Upper…
New MPO Focus Area: Mississippian Lime Oil Play Acquired the assets of Eagle Energy, a private E&P company & leading player in the Mississippian Lime play of northern Oklahoma One year transition services agreement with Eagle…
Mississippian Lime: Attractive Oil Play 40% Oil, 20% NGL, & 40% Natural Gas NGL Content: 36% Ethane, 27% Propane, 17% Butane, and 20% Pentane Oil Realizations: 6 discount to WTI Gas Realizations: 0.20 discount to Henry Hub…
Eagle Energy: Leader in the Mississippian Lime Early mover in the Mississippian Lime, with majority Mississippian Lime Operators Comparison of its acreage in core of the play 65 horizontal wells drilled since April 2010 Eagle (1) Peer…
Concentrated Holdings in the Core of the MS Lime Q4 2012 Plans Operate 4 rigs - three rigs on infill program & one rig on HBP program Drill 12 horizontals in Alfalfa & Woods counties Source: SandRidge 76,000 net acres in…
Growth of Production and Reserves Current Net Daily Production (1) Proved Reserves (2) (3) (1) Production: average for the seven-day day period from November 1-November 7, 2012 (2) (3) LA proved reserves are 2011 year-end…
Pro Forma Company Overview Louisiana % OK / KS % MPO Proved Reserves (MMBoe) (1) 26.2 41% 37.0 59% 63.2 % Oil 60% 35% 45% % NGLs 15% 23% 20% Proved Developed Reserves (MMBoe) (1) 11.3 43% 14.7 57% 26.0 Current Production (Mboe/d)…
Commitment to a Conservative Financial Policy Targeting strong, stable capitalization with low leverage and adequate liquidity Targeting pro forma Debt / EBITDA of 2x by year-end 2013 MPO expects to fund drilling through 2013 with…
Capitalization & Liquidity Summary Increased Capitalization millions millions As of 10/1/12 Cash 38 Debt Revolving Credit Facility 34 Senior Notes 600 Total Debt 634 Equity Common Equity 353 Preferred Stock - Face Amount (1)…
Capital Investment Plans Capital Program Supports Growth 2013 Capital Program 500 2012 2013 Plan to run 2-3 rigs in Louisiana assets Guidance Guidance 450 430-440 400-450 Primarily focused in development areas Measured approach in…
MPO Stock Ownership Pro Forma Fully Diluted Ownership as of October 1, 2012 (1) Riverstone First & Eagle Reserve 31% 28% Insiders Public 12% 29% Mandatory conversion price of 11.00 - 13.50/share on 9/30/2015 No…
Key Investment Highlights of New MPO Attractive Oil-Weighted Assets Multi-Play Diversification Significant Growth Profile Improved Reserve Life Strong Liquidity Position Experienced and Aligned Management Team 19
Appendix 20
Guidance (as of November 7, 2012) 2012 GUIDANCE 2013 GUIDANCE Q4 2012 Full Year 2013 Daily Production (boe/day) 15,100 - 15,600 (1) 20,000 - 23,000 (2) (6) La. = 8,300 - 8,500 50 / 50 split (+/- 5%) (4) Ok. = 6,800 - 7,100 (6)…
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