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Q3 2016 Results – Energen Corp.

Energen Corp. · Nov 4, 2016 · 10 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. Q3 2016 Results – Energen Corp. – slide 1
    Unlocking Value in the Permian Basin 3Q16 Supplemental Slides Friday, November 4, 2016
  2. Q3 2016 Results – Energen Corp. – slide 2
    2 2017 and 3-Year Outlook 2017 OUTLOOK Estimated annual production growth increased to 20% Assumes Generation 3 completion costs but not potential Generation 3 production uplift 4Q17 vs 4Q16 exit rate estimated to increase…
  3. Q3 2016 Results – Energen Corp. – slide 3
    3 3Q16 Well Results CORE DELAWARE BASIN Excellent early response to Generation 3 completions More than 30% uplift (vs 2,000 mboe EUR type curve for a 10,000 lateral well) from 2 new wells after 30 days and 20 days of…
  4. Q3 2016 Results – Energen Corp. – slide 4
    4 Core Delaware Basin Excellent Early Response to Generation 3 Frac Design 150 Cumulative production uplift at 30 days for Checkers 701H and 20 days for Razorback 604H in excess of 30% CumulativeProduction(MBOE) 100…
  5. Q3 2016 Results – Energen Corp. – slide 5
    5 Core Delaware, Midland Basin IRRs Wolfcamp A/B IRRs (Core Delaware) Est. D&C for Generation 2 and Generation 3 fracs reflect 250% current costs; do not include wellhead equipment of 10,000 EUR: 2,000 MBOE 200% approximately…
  6. Q3 2016 Results – Energen Corp. – slide 6
    6 3Q16 Financial and Operating Highlights 3Q16 Production of 56.6 mboepd exceeded guidance midpoint by 2%; CY16 production guidance midpoint increased to 54.3 mboepd Cost efficiencies continued to be realized as perunit LOE…
  7. Q3 2016 Results – Energen Corp. – slide 7
    7 3Q16 Expenses, Production vs Guidance Per BOE, except as noted (excludes 2016 asset sales) 3Q16 3Q16 Guidance Lease operating expense (production costs, marketing & transportation) 7.89 8.60 9.00 Production & ad valorem taxes (%…
  8. Q3 2016 Results – Energen Corp. – slide 8
    8 Updated 2016 Guidance Per BOE. except as noted (excludes 2016 asset sales ) CY16e Prior CY16 Guidance Lease operating expense (production costs, marketing & transportation) 8.00 8.40 8.25 8.65 Production & ad valorem taxes (% of…
  9. Q3 2016 Results – Energen Corp. – slide 9
    9 2016 Capital Plan CY16 CAPITAL INVESTMENT MM CY16 Midland Basin Focus Midland Basin 300340 Completed 46 net DUCs in 1H16 3739 new drills in 2H16 Delaware Basin 130135 May complete up to 8 net wells by YE16 ARO/Other 10 Remainder…
  10. Q3 2016 Results – Energen Corp. – slide 10
    10 2017 Hedge Position Strengthened Hedge Volumes Avg. NYMEX Price Oil Swaps 4.1 mmbo 47.97 per barrel Oil 3way Collars 4.8 mmbo Call Price 62.18 per barrel Put Price 45.00 per barrel Short Put Price 35.00 per barrel…

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