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JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc.

QEP Resources, Inc. · Jun 28, 2016 · 11 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. JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc. – slide 1
    PERMIAN BASIN ACQUISITION JUNE 21, 2016
  2. JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc. – slide 2
    ACQUISITION SUMMARY QEP has agreed to acquire a contiguous acreage position in the core of the northern Midland Basin in Martin County, TX, for approximately 600 million* 10 miles east of existing QEP operations Approximately 9,400…
  3. JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc. – slide 3
    ACQUISITION ACREAGE LOCATION LEVERAGES PROXIMITY TO EXISTING OPERATIONS Horseshoe Atoll Midland Basin 5 4
  4. JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc. – slide 4
    ACQUISITION ACREAGE PROVIDES FAVORABLE METRICS COMPARED TO PERMIAN WEIGHTED E&P COMPANIES EV/ Proved Reserves (YE15) 50 45 40 35 30 25 20 15 QEP Permian 10 Acquisition1,2 5 7.89 0 FANG PXD PE LPI CXO…
  5. JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc. – slide 5
    ACQUISITION RATIONALE Increases oil production as a percentage of total production Adds significant inventory in Permian Basin Over 430 identified horizontal locations in four target reservoirs Additional potential in shallower and…
  6. JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc. – slide 6
    ASSET OVERVIEW
  7. JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc. – slide 7
    OFFSET OPERATOR ACTIVITY SUPPORTS POTENTIAL JonesHolton Area 2 Lower Spraberry wells avg. IP24 = 1,062 boed* Sale Ranch Area 13 Wolfcamp B wells avg. IP24 = 2,100 boed* QEP and others continue to deliver strong well…
  8. JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc. – slide 8
    PREDICTABLE GEOLOGY ACROSS ACREAGE ACQUISITION West East 10.5 miles 10.5 miles ACREAGE SALE RANCH QEP ACREAGE Spraberry Middle Spraberry Lower Spraberry Spraberry Shale Dean Wolfcamp Wolfcamp B Wolfcamp C…
  9. JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc. – slide 9
    ACQUISITION ACREAGE PRIMARY TARGETS 3,500 feet of oilcharged vertical section 660 750 660 750 1 mile Upside horizontal targets 10
  10. JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc. – slide 10
    NET ACQUISITION PRODUCTION FORECAST 70,000 Natural Gas NGL 60,000 Oil 50,000 Estimated Net Production (Boed) 40,000 30,000 20,000 10,000 2017E 2018E 2019E 2020E 2021E E = Estimated *Acquisition…
  11. JP Morgan Inaugural Energy Equity Conference – QEP Resources, Inc. – slide 11
    WHY THIS TRANSACTION MAKES SENSE FOR QEP Broadens footprint in worldclass crude oil basin Increases QEP Permian potential drilling locations by over 50% Leverages operational and technical knowledge due to proximity of Acquisition…

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