NYSE MKT: SYRG Barclays 2016 Global CEO Energy Power Conference / September 2016 1
Features of the Wattenberg Field 3
Company Overview Operational Area Map 69,300 net acres in the greater Wattenberg area 69,300 Net Acres in Greater Wattenberg 47,200 net acres in the Wattenberg fairway The Company views the area it defines as the Greeley Crescent…
Current D&C Operations Bestway Pad: 4 (3.5 net) ML SYRG Leases wells in production Producing Fagerberg Pad Completion: Aug Nov 16 Completing Vista Pad: 10 (8.5 net) SL wells in Drilling early production Permitted Fagerberg Pad: 14…
Greeley Crescent GOR Over 1,000 gross ML and LL drilling locations 2016 2nd Half Development Plan Wattenberg Fairway identified within the GC development area Completion of 14 (gross) Fagerberg ML laterals (in Synergy Leases…
Greeley Crescent Development Area Blended GC Well Economics Strip Price Wall Street Blended GC Type Curve vs Bestway Pad Deck Consensus 700 Well Cost (1) 3.5mm 600 3-Stream EUR (2) 800 Mboe Cumulative Production (MBOE)…
Midstream & Marketing DCP Midstreams Grand Parkway Phase I commenced operations in Q1 2016 DCPs Grand Parkway Phase II segment aligns very well with near-term acreage development 3rd party oil gathering systems in service at…
2016 2017 Estimated Capex 2016 Estimated 150 Million Capital Budget(1) 2017 Estimated D&C 260 300 Million Capital Budget 50 Million through 6/30/2016 Drilling and Completion Drilling and Completion 115 Million 260 300 Million…
Financial Strategy Maintain adequate liquidity & strong balance sheet June 30, 2016 total liquidity of 220 million o Cash of 79 million o 145 million available on undrawn revolver o 80 million in outstanding debt on long-term notes…
APPENDIX 11
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 08/10/16 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) July1 to December 31, 2016 273,000…
Adjusted EBITDA SYNERGY RESOURCES CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) Three months ended Six months ended 6/30/2016 6/30/2015 6/30/2016 6/30/2015 Adjusted EBITDA Net Income (loss)…
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