Skip to main content BAML Energy Credit Conference – Memorial Production Partners Lp Investor Presentation | Shale Experts
Loading...
Pm

BAML Energy Credit Conference – Memorial Production Partners Lp

Memorial Production Partners Lp · Jun 7, 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. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 1
    BAML Energy Credit Conference New York John A. Weinzierl June 7-8, 2016 Robert L. Stillwell, Jr. CEO CFO www.memorialpp.com
  2. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 2
    Overview of Memorial Production Partners LP Diverse portfolio of mature, long-lived producing properties with development upside Assets in East Texas / North Louisiana, Rockies, California, South Texas and Permian 134 million of…
  3. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 3
    Update on Current Events and 2016 Road Map Maximize free cash flow generation and continue execution on cost 2016 reduction program Business Plan Divest non-core properties Reduce debt and enhance liquidity for the Partnership…
  4. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 4
    Diverse, Long-Lived Assets (1) Total Partnership Proved Reserves (Bcfe) 1,268 % Proved Developed 63% % Liquids Reserves 64% 1Q16 Avg. Production (MMcfe/d) 243.3 Total Proved Reserve Life (R/P) 14.3 Rockies Wyoming Proved…
  5. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 5
    East Texas / North Louisiana: Diversity and Upside Asset Overview Asset Location Key Fields: Joaquin, Carthage, Willow Springs and East Henderson fields Primary Formations: Cotton Valley, Travis Peak Estimated Net Proved Reserves:…
  6. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 6
    Rockies: Concentrated, Long-Lived Assets Asset Overview Asset Location Key Fields: Lost Soldier and Wertz in Sweetwater and Carbon Counties, WY Properties discovered in the early 1900s; began secondary recovery in the 1970s and…
  7. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 7
    South Texas: Stable Gas Production with Eagle Ford Liquids Asset Overview Asset Location Eagle Ford acreage position in the core of the Eagle Ford play in Karnes County Approximately 15,200 gross acres Area recognized as the volatile…
  8. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 8
    California: Significant Original Oil in Place Asset Overview Asset Location Los Angeles Beta Field Long Beach Located 11 miles offshore Port of Long Beach, California Ellen and Elly Huntington Beach Eureka Newport Beach 2 wellhead…
  9. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 9
    Permian Basin: Long-Lived Oil Asset Overview Asset Location Key Fields: Anita, Deadwood, Dimmitt, Elkhorn and Kingdom Abo Primary Formations: Abo Reef, Cherry Canyon, Clearfork and Palo Pinto Estimated Net Proved Reserves: 3.1…
  10. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 10
    2016 Capex Overview 70 MM (Guidance Midpoint) Capex by Area (MM) Capex by Project Type (MM) 2 2 6 3% 3% 9% 20 26 29% 38% 14 20% 50 71% 19 27% ETX / NLA California Rockies Non-D&C Drilling andCapex CompletionDrilling…
  11. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 11
    MEMP Hedging Overview: 605 MM MTM Value MEMPs commodity risk management policy provides for hedging approximately 65-85% of estimated production from total proved reserves on a rolling three to six year period Policy reduces MEMPs…
  12. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 12
    Realized Significant Operating Cost Reductions Significant Progress in Cost Containment 50.0 Lease Operating Expense (MM) 45.0 45.4 40.0 (18)% QoQ 37.4 35.0 (5)% 35.7 QoQ 0.0 30.0 3Q15 4Q15 1Q16 1Q16 LOE was 35.7…
  13. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 13
    Low Cost Structure Drives High Margins (1)(2) F&D / Mcfe Lifting Cost / Mcfe (3) 7.00 3.50 6.21 3.09 6.00 5.57 3.00 2.84 5.00 2.50 4.46 2.12 4.00 2.00 1.79 1.66 1.67 3.00 1.50 2.34 1.18 2.00 1.51 1.64 1.00 1.39 1.00…
  14. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 14
    Fiscal Year 2016 Guidance (1) FY 2016 Guidance as of January 27, 2016 2016 FY Guidance January 27, 2016 Low High Net Average Daily Production Oil (MBbls/d) 10.5 - 11.1 NGL (MBbls/d) 6.9 - 7.4 Natural Gas (MMcf/d) 124 - 132 Total…
  15. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 15
    MEMP Org. Structure Simplified Following GP Purchase MEMP Structure: Pre-GP Purchase MEMP Structure: Post-GP Purchase NGP Funds and Management Public Unitholders MRD Holdco LLC 100% LP Memorial Resource Development…
  16. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 16
    MEMP Reserve Details(1) Oil Gas NGLs Total % of Proved MBBL MMCF MBBL MMCFE % PDP 43,146 291,866 25,257 702,283 55% PDNP 7,671 19,281 5,058 95,654 8% PUD 40,129 150,379 13,080 469,634 37% Total Proved 90,945 461,526 43,395…
  17. BAML Energy Credit Conference – Memorial Production Partners Lp – slide 17
    2016 Adjusted EBITDA & Distributable Cash Flow Guidance Reconciliation Mid-Point For Year Ended (in millions) 12/31/2016 Calculation of Adjusted EBITDA: Net income (8) Interest expense 113 Depletion, depreciation, and…

From the store

Browse maps, data & reports in the Shale Experts store