Skip to main content Q2 2016 Supplement Slides – Energen Corp. Investor Presentation | Shale Experts
Loading...
Pm

Q2 2016 Supplement Slides – Energen Corp.

Energen Corp. · Aug 8, 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. Q2 2016 Supplement Slides – Energen Corp. – slide 1
    Unlocking Value in the Permian Basin 2Q16 Supplemental Slides Monday, August 8, 2016
  2. Q2 2016 Supplement Slides – Energen Corp. – slide 2
    2 2Q16 Highlights Strong Production Growth Positive response to Generation 2 frac design in Midland Basin 2Q16 production exceeds guidance midpoint by 4% 2Q16 production up 7% sequentially CY16 production midpoint raised 2%, or…
  3. Q2 2016 Supplement Slides – Energen Corp. – slide 3
    3 2Q16 Expenses, Production vs Guidance (Excludes 2016 asset sales) 2Q16 2Q16 Guidance LOE per BOE (production costs, marketing & transportation) 7.29 9.75 10.15 Production & ad valorem taxes (% of revenues, excluding hedges) 6.4%…
  4. Q2 2016 Supplement Slides – Energen Corp. – slide 4
    4 Updated 2016 Guidance Estimated expenses, excludes 2016 asset sales CY16e Prior CY16 Guidance LOE per BOE (production costs, marketing & transportation) 8.25 8.65 9.25 9.65 Production & ad valorem taxes (% of revenues, excluding…
  5. Q2 2016 Supplement Slides – Energen Corp. – slide 5
    5 Core Delaware Basin Average Production of 5 Wolfcamp Wells Tracking 1.5 MMBOE EUR 700 Production and type curve normalized to 7,500 lateral lengths Daily production normalized for operational downtime 600 Day 0 = first oil…
  6. Q2 2016 Supplement Slides – Energen Corp. – slide 6
    6 Updated Core Delaware IRRs Wolfcamp A/B IRRs (Core Delaware) 200% 180% 10,000 EUR: 2,000 MBOE 7,500 EUR: 1,500 MBOE 160% 4,500 EUR: 1,100 MBOE 140% 120% 100% 80% 60% 40% 20% 0% 35/bbl 45/bbl 55/bbl 65/bbl 10,000' (7.5mm D&C)…
  7. Q2 2016 Supplement Slides – Energen Corp. – slide 7
    7 Optimizing Completions Evolution in Energens Frac Design Midland Basin Generation 1 Generation 2 Generation 3 (2013-2015) (2016 - Current) (2017 Planned) 1,2501,400 lbs./ft proppant 1,6001,700 lbs./ft proppant 1,7002,000 lbs./ft…
  8. Q2 2016 Supplement Slides – Energen Corp. – slide 8
    8 2017 Hedge Position Strengthened Hedge Volumes Avg. NYMEXe Price Oil Swaps 4.1 mmbo 47.97 per barrel Oil 3way Collars 4.1 mmbo Call Price 62.25 per barrel Put Price 45.00 per barrel Short Put Price 35.00 per barrel Gas 13.2 Bcf…
  9. Q2 2016 Supplement Slides – Energen Corp. – slide 9
    9 Strong Balance Sheet 2016e Capitalization (mm) 450 MM Plan Maturity Schedule of Notes 400 Net Debt at YE15 775 Plus: Capital Investment* 485 Less: Net proceeds 1Q16 equity offering 381 Less: Est. net proceeds from asset sales…
  10. Q2 2016 Supplement Slides – Energen Corp. – slide 10
    10 Rebuilding DUC Inventory in 2H16 CY16 CAPITAL INVESTMENT MM CY16 Midland Basin Drilling Plans Midland Basin 300 4850 gross (4648 net) wells to be drilled Includes 3840 gross (3739 net) DUCs to be Delaware Basin 130 drilled in…
  11. Q2 2016 Supplement Slides – Energen Corp. – slide 11
    11 2017 Outlook Doubledigit production growth potential 5458 DUCs to be completed 1H17 Long lateral, high WI wells Continued frac design optimization Additional drilling and development (absent oil price collapse) Minimum…

From the store

Browse maps, data & reports in the Shale Experts store