Skip to main content Barclays CEO Energy Power Conference – Gulfport Energy Corp. Investor Presentation | Shale Experts
Loading...
Pm

Barclays CEO Energy Power Conference – Gulfport Energy Corp.

Gulfport Energy Corp. · Sep 6, 2016 · 35 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. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 1
    Investor Presentation September 2016
  2. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 2
    Gulfport Today Primary Areas of Operation (5) Key Statistics Market Capitalization(1) 3.6 Billion Enterprise Value(2) 4.2 Billion Liquidity(3) 890.6 Million Net Debt / TTM Adjusted EBITDA(4) 1.4x 2015 Average Daily…
  3. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 3
    Overview of Gulfport Gulfport Energy Corporation (GPOR) is an independent E&P company based in Oklahoma City, OK Company born from legacy assets in South Louisiana Free cash flow from legacy assets facilitated expansion into North…
  4. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 4
    Key Investment and Financial Highlights High-quality asset base in the Utica will allow us to deliver growth not only year-over-year, but also exit-to- exit, leaving the Company well-positioned going into 2017 Anticipated 2016 D&C…
  5. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 5
    Operational Momentum Key Highlights 2016E Capital Expenditures(1) Gulfport currently forecasts capital expenditures of approximately 45 513 475 to 550 million in 2016 550 23 Plan to drill 36 to 39 net operated and 3 to 4 net…
  6. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 6
    Preparing for 2017 Key Highlights(1) As a result of improving natural gas fundamentals, Gulfport plans to increase the development pace during 2017 At current gas strip(1), Gulfport plans to ramp to a six-rig program during 2017…
  7. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 7
    Overview of Guidance Outlook 2017E Capital Expenditure Guidance Build-Up (MM) (1) Maintenance Capital 6-Rig Program 8-Rig Program 850 - 900 675 - 725 330 250 545 450 350 255 195 80 115 80 2017 Maint. Capital (2)…
  8. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 8
    Overview of Guidance Outlook 2017E Production Guidance (MMcfe/d) (1) 1,800 2017 2018 6 Rig Program: 20% - 25% Growth YoY 35% Growth YoY 1,600 8 Rig Program: 25% - 30% Growth YoY 50% Growth YoY 1,400 8 Rig Growth(2)…
  9. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 9
    Second Quarter 2016 Results Total Production Production Mix Production Mix Adjusted OilProduction Utica and Gas Revenues Growth Gas 13% Liquids Produced Totaled 664.7 MMcfe Approximately Increased 40% per day Increased 16%…
  10. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 10
    Gulfport 2016 Guidance Year Ending 12/31/2016 2016E CAPEX (in millions)(3) Forecasted Production Average Daily Gas Equivalent MMcfepd 695 730 Leasehold Midstream 45.0 % Gas 87% 91% 22.5 % Liquids 13% 9% Forecasted Realizations…
  11. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 11
    Liquidity, Capitalization and Hedge Position Gas Hedges(1) Key Highlights Gulfports strategic commitment to the balance sheet and 500 4.00 conservative leverage metrics provide the ability to pursue an 450 3.37 aggressive growth…
  12. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 12
    Asset Overview 13
  13. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 13
    Utica Shale Overview Asset Overview Net proved reserves of 1.7 Tcfe(1) 223,000 net acres(2) Oil - 5% Condensate - 13% Gulfport Energy Wet Gas - 15% Yankee Pad Dry Gas - 67% 2016 Activities Update(3) Average net production of…
  14. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 14
    Utica Shale Drilling and Completion Activity Net Wells Spud 41 Non-Op 3 Dry Gas Wet Gas 34 12 12 10 8 1 0.3 2 1 10 11 6 7 2 2 4 1Q'16 2Q'16 3Q'16 4Q'16 2016E(1) Net Wells Turned-to-Sales 46 Non-Op 7 Dry…
  15. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 15
    Utica Shale Type Curve Assumptions Condensate Wet Dry Gas Type Curve Assumptions (1) West East Gas West Central East Lateral Length 8,000 8,000 8,000 8,000 8,000 8,000 Well Cost (MM) 8.7 8.7 9.0 9.2 9.4 9.6 Well Cost ( per foot)…
  16. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 16
    Utica Shale Single Well Economics Utica Single Well Economics(1) (2) 151% 149% 140% 145% 120% 112% 107% 110% 100% 106% 78% 80% 73% 76% 72% 60% 48% 43% 45% 46% 40% 42% 30% 23% 38% 19% 20% 21% 15% 25% 19% 12% 0%…
  17. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 17
    Utica Shale Consistency of Reservoir B West East A A A 116 ft 118 ft A South North B B B LEGEND Gulfport Acreage KeyinHighlights Focused acreage position the core of the play 98 ft 122 ft Consistency of the…
  18. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 18
    Utica Shale Diversified Portfolio Overview Rover Pipeline DAWN (North) Amount: 125,000 Dth/d MICHCON Market: Midwest and Dawn In-Service Mid-2017 ANR Pipeline NGPL Pipeline Amount: 20,000 Dth/d (North) Market: Chicago…
  19. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 19
    Utica Shale Firm Transportation and Sales Outlets Firm Commitments (MMBtu per day) Overview YE2014 YE2015 YE2016 YE2017 + 1,400,000 (MMBtu / day) 1,200,000 Midwest Markets Firm Sales Columbia (Gulf) November 2017 ANR Pipeline…
  20. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 20
    Utica Shale Overview of Realized Pricing Overview YE 2017 Secured Firm Commitments Gulfport was a first-mover in securing early access to premium 1,225,000 Midwest markets and early transport at low costs out of the basin…
  21. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 21
    Utica Shale Midstream Infrastructure Ohio Gathering & Ohio Condensate Hopedale Fractionator Stabilization Facility 23,000 Bbl/d Operational C3+ Fractionation I & II- 120,000 Bbl/d Operational C3+ Fractionation III - 60,000 Bbl/d…
  22. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 22
    Utica Shale Strategic Midstream Joint Venture Overview GPOR and RICE formed midstream JV, Strike Force Midstream LLC, to provide gas gathering, compression and water services to GPORs Eastern Belmont and Monroe acreage…
  23. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 23
    Southern Louisiana Asset Overview(1) Net proved reserves of 2.8 MMBoe 10,816 net acres Gulfport operated 2016 Activities Update(2) Average net production of 3,577 Boepd during 2Q2016 3% of Gulfports total net production 98%…
  24. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 24
    Utica Appendix 25
  25. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 25
    Utica Shale Type Curve Assumptions Condensate Condensate Dry Gas Dry Gas Dry Gas Wet Gas West East West Central East Identified Net Locations 128 63 114 118 277 196 Type Curve Assumptions Lateral Length (ft.) 8,000 8,000 8,000 8,000…
  26. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 26
    Utica Shale Condensate Window Type Curves Condensate Single Well Economics(1) Type Curve Assumptions(1) West East Lateral Length 8,000 8,000 50% 45% Well Cost (MM) 8.7 8.7 40% Well Cost ( per foot) 1,083 1,083 30% 38% 30%…
  27. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 27
    Utica Shale Wet Gas Window Type Curves Wet Single Well Economics(1) Type Curve Assumptions(1) Gas 120% Lateral Length 8,000 107% Well Cost (MM) 9.0 100% 73% Well Cost ( per foot) 1,129 80% 60% 43% Total EUR (Bcfe / 1,000) 2.0…
  28. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 28
    Utica Shale Dry Gas Window Type Curves Dry Gas Single Well Economics(1) Type Curve Assumptions(1) West Central East 160% 151% Lateral Length 8,000 8,000 8,000 149% 140% Well Cost (MM) 9.2 9.4 9.6 112% 145% 120% Well Cost ( per…
  29. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 29
    Additional Disclosures Net Undeveloped Locations(1) Condensate Condensate Wet Gas Dry Gas Dry Gas Dry Gas West East West Central East Net Undeveloped Location Summary Net Acres 19,163 10,829 33,460 30,235 73,518 45,313 Lateral…
  30. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 30
    Utica Shale NGL Infrastructure Key Highlights Edmonton Markets Gulfport forecasts realizing 0.25 to 0.29 per gallon for NGLS during 2016 Ontario Markets Compared to Mont Belvieu, Gulfport has more of the Midwest Northeast Markets…
  31. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 31
    Northeast Pipeline Expansion List 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 NE Marcellus to Northeast Transco NE Connector Project 100 100 100 100 100 100 100 100 100 100 100…
  32. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 32
    Appendix 33
  33. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 33
    Hedged Production Hedge Book(1) 3Q16 4Q16 2016 2017 2018 2019 Natural Gas Contract Summary: Natural Gas Fixed Price Swaps (NYMEX) Volume (BBtupd) 557 540 523 366 180 5 Weighted Average Price (/MMBtu) 3.05 3.14 3.19 3.08 3.03 3.37…
  34. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 34
    Financial and Operational Summary 2014 2015 2016 2Q2016 1Q2014 2Q2014 3Q2014 4Q2014 FY2014 1Q2015 2Q2015 3Q2015 4Q2015 FY 2015 1Q2016 2Q2016 YTD 2016 FY2016E Q-o-Q Y-o-Y Production Gas Bcf 7.7 9.0 16.6 26.1 59.3 26.0 33.1 48.1 48.9…
  35. Barclays CEO Energy Power Conference – Gulfport Energy Corp. – slide 35
    2015 Proved Reserve Summary Net Reserves as of December 31, 2015(1) Gas Oil NGL Total PV-10 (MM) (Bcf) (MMBbls) (MMBbls) (Bcfe) SEC Proved Developed Producing 571.1 4.4 12.9 674.7 546 Proved Developed Non-Producing 81.8 1.8 - 92.4 107…

From the store

Browse maps, data & reports in the Shale Experts store