NYSE MKT: SYRG At Home In the Wattenberg Corporate Presentation June 2016
Features of the Wattenberg Field 3
Greeley Crescent Acquisition GCA Highlights High quality rock Contiguous acreage allowing for longer laterals Purchase Price: 505 million cash, subject to customary closing adjustments Acquired lands: 33,100 net acres Acquired…
Adams County Divestitures Two separate transactions with private parties Sales Price: 27 million cash Expected Closing Q2, 2016 3,700 net acres divested 107 vertical wells divested 200 Boe/d production associated with vertical…
Adding Scale in Wattenberg Fairway Area Synergys Pro-forma Acreage Position 121,000 Total Net Acres 22,100 Net Acres in Greater GCA transaction Wattenberg Area nearly doubles overall Wattenberg field acreage to 69,000 net acres,…
Relative Positioning of Assets in the Wattenberg Wattenberg Niobrara and Codell GOR Over 85% of acquired lands located within Wattenberg Fairway the Companys defined fairway Acreage located in areas of high gas-oil-ratio Operational…
Wattenberg Operations and Lateral Length Optimization 10 SL wells (8.5 net) on Vista Pad in completion/flow back/early production Fagerberg Pad 14 (13.5 net) ML wells drilling Evans Pad 22 LL wells (15.5 net) permitted Fagerberg…
Estimated Average Well Economics Across Wattenberg Field Acreage Extended length Mid-Length Standard Length Well Cost (MM)(1) 4.0 3.3 2.5 EUR (Mboe)(2) 750 550 350 Drilling Days 7 - 10 days 6 - 8 days 5 - 7 days 32.6% 40.1%…
DCP Midstream & Oil Pipeline Infrastructure Acquired lands fit well with existing/planned infrastructure Installation of oil gathering systems at the well head underway DCP Midstreams Grand Parkway Phase 1 PHASE 1 commenced in Q1…
Production and Proved Reserves Growth 70,000 14,000 Daily Net Production 66 MMBoe 11,000-12,000 60,000 11,510 57 MMBoe 12,000 50,000 10,000 Proved Reserves MMBoe 8,725 40,000 8,000 BOEPD 32 MMBoe 6,000 30,000…
2016 Estimated Capex 150 Million* Drilling and Completion Land Leasing 115 Million 30 Million Other 5 Million Source:Company Est. *Assumes average 1 rig program for 2016. The Company has operational flexibility, and capex…
Investment Highlights Leading pure play Wattenberg player Community Large inventory of stewardship drilling locations Strong balance sheet Experienced and operational management team flexibility 13
Appendix 14
Management Team Name Title Experience Lynn A. Peterson Chairman, President & CEO Former co-founder, President and CEO of Kodiak Oil & Gas, he has over 30 years of experience in executive management of oil and gas companies James P.…
Hedging Summary as of 06/01/16 Crude Oil and Natural Gas Hedges Collar Volumes Average Collar Prices (1) Oil Gas HH Gas CIG Oil Gas HH Gas CIG Month (Bbl) (MMBtu) (MMBtu) (Bbl) (MMBtu) (MMBtu) June 1 to December 31, 2016 280,000…
Adjusted EBITDA SYNERGY RESOURCES CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) ( in thousands) Three months ended Four months ended Twelve months Ended 3/31/2016 3/31/2015 12/31/2015…
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