NYSE MKT: SYRG At Home In the Wattenberg Corporate Presentation / June 2016
Features of the Wattenberg Field 3
DJ Basin Footprint Synergys DJ Basin Acreage Position is 121,300 Net Acres 22,100 Net Acres in Greater Wattenberg Area NE Extension Area 52,000 Net Acres Focus on 47,200 Net Wattenberg Fairway Acres Note: Offset operator…
Wattenberg Fairway Area Legacy Acreage Position 69,300 Net 36,200 Acres in Net Acres in Wattenberg Wattenberg 17,400 Net Acres in Greater 22,100 Wattenberg Area Focus on 47,200 18,800 Net Wattenberg Fairway Acres…
Current D&C Operations Bestway Pad: 4 (3.5 net) ML SYRG Leases Fagerberg Pad wells in production Drilling: Mar July 16 GOR (scf/bbl of oil) Completion: Aug Nov 16 12,000 Vista Pad: 10 (8.5 net) SL wells in 6,000 12,000 flow…
Estimated Well Economics for ML Lateral Strip Price Wall Street Fairway Mid-Length Type Curve Deck Consensus 100,000 Crude (1) Natural Gas Well Cost 3.5mm Production Rate (Bbl/d or Mcf/d) GOR 10,000 GOR (scf/bbl) EUR…
DCP Midstream & Oil Pipeline Infrastructure Fairway acreage fits well with existing/planned DCP infrastructure DCP Midstreams Grand Parkway Phase 1 commenced in Q1 2016, Phase 2 rights of way and permitting in process PHASE 1…
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…
Financial Strategy Maintain adequate liquidity & strong balance sheet Pro forma for the equity offerings, notes issuance and transaction o Post closing PF liquidity of 225 million(1) o 145 million available on undrawn revolver o 80…
Appendix 12
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 06/20/16 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 293,000…
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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