MLPA Presentation Richard Robert, EVP & CFO June 2016
Overview of Vanguard Natural Resources Upstream oil & gas LLC, headquartered in Houston, TX; Initial Public Offering VNR October 2007 had a Total Enterprise Value of Asset Profile(1) 240mm Twenty five strategic acquisitions…
Geographically Diversified Operated Reserve Base Core Operating Areas Overview Green River Basin Big Horn Basin Williston Basin Proved Reserves: 684 Bcfe Proved Reserves: 89 Bcfe 2.05 Tcfe (342 MMBoe) Proved reserves Proved…
Pro Forma Capitalization and Liquidity Capitalization Table ( in millions) December 31, 2015 May 26, 2016 December 31, 2016E Cash - 40 40 (1) Credit Facility 1,688 1,424 1,314 7.0% Secured Second Lien due 2023 - 76 76 7.875%…
2016E Guidance Table Post SCOOP/STACK Midpoint Of Previously Sale Guidance Announced Guidance FY 2016E FY 2016E (1) Net Production: Oil (Bbls/d) 12,100 - 13,400 13,500 Natural gas (Mcf/d) 272,000 - 300,000 295,000 Natural gas…
2016 Guidance Table (footnotes) (1) Previously announced guidance numbers released March 4, 2016. (2) Adjusted EBITDA and adjusted net income exclude the amortization of value on derivative contracts acquired (approximately 16.1…
Excess Cash Flow Sensitivities Chart Mid-point of Guidance 150 MM(1) Oil Price 121 173 Gas Price 2.00 136 158 NGL Price 143 157 35 Low Case High Case Oil Price 20.00 70.00 Production -5% 137 163 Gas Price 1.00 3.50 NGL…
Our Focused Goals 2015 and Into 2016 1) Living Within Cash Flows Focused on achieving adequate rates of return on our development capital program; remain flexible and reallocate capital as appropriate 2015-2016 budgets designed to…