NYSE MKT: SYRG Synergy Resources Corporate Presentation / October 2016
Features of the Wattenberg Field www.syrginfo.com 3
Operational Area Map 69,300 Net Acres in Greater Wattenberg Greeley Crescent (GC) Development Area 52,000 Net Acres in NE Extension 47,200 Net Acres in Wattenberg Fairway www.syrginfo.com 4
Company Overview 69,300 net acres in the greater Wattenberg area 47,200 net Summary Statistics acres in the Wattenberg fairway Core Net Acres 69,300 The Company views the area it defines as the Wattenberg Proved Reserves (MMBOE)(2)…
Greeley Crescent GOR 2016 2nd Half Development Plan Over 1,000 gross ML and LL drilling locations Wattenberg Fairway identified within the GC development area Completion of 14 (gross) Fagerberg ML laterals Synergy Leases (in…
Current D&C Operations SYRG Leases Bestway Pad: 4 (3.5 net) ML wells in Fagerberg Pad Producing Completion: Aug Nov 16 production Completing Vista Pad: 10 (8.5 net) SL wells in Drilling early production Permitted Fagerberg Pad:…
Greeley Crescent Development Area Blended GC ML Well Economics Strip Price Wall Street Deck Consensus Blended GC Type Curve vs Bestway Pad (4) Well Cost (1) 3.5mm 700 3-Stream EUR (2) 800 Mboe Drilling Days 6 8 days 600 IRR (3)…
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 & natural gas gathering systems…
2016 2017 Estimated Capex 2017 Estimated D&C 260 300 Million Capital 2016 Estimated 150 Million Capital Budget(1) 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 www.syrginfo.com 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 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 Reconciliation 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…
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