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November 2016 Corporate Presentation – Halcon Resources Corp

Halcon Resources Corp · Nov 10, 2016 · 28 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. November 2016 Corporate Presentation – Halcon Resources Corp – slide 1
    Halcn Resources Corporation November 2016
  2. November 2016 Corporate Presentation – Halcon Resources Corp – slide 2
    Halcn Resources Corporation Bakken/Three Forks 118,000 Net Acres 122.0 MMBoe Proved Reserves (1) Total Proved Reserves: (1) 145.8 MMBoe 32 Mboe/d of 3Q 16 Production % Proved Developed: 56% % Oil: 82% Highlights % Operated:…
  3. November 2016 Corporate Presentation – Halcon Resources Corp – slide 3
    Competitive Economics with Wolfcamp and SCOOP/STACK Break-Even Oil Price 90 78 80 HKs FBIR Well Economics Compare 75 70 Favorably to Wolfcamp & SCOOP/STACK Well Economics 57 58 60 48 49 50 43 43 45 42 43 36 37 37 38 40 30…
  4. November 2016 Corporate Presentation – Halcon Resources Corp – slide 4
    Investment Highlights Reasonable leverage & strong liquidity Balance Sheet Provides Sustainable capital structure even if low prices persist Access to capital Staying Power Ability to pursue acquisitions Quality assets with 750+…
  5. November 2016 Corporate Presentation – Halcon Resources Corp – slide 5
    Capitalization & Liquidity Face Value Actual Highlights Highlights Capitalization (MM) 9/30/2016 Simple capital structure Cash & Cash Equivalents 2 Reasonable Senior Secured Revolving Credit Facility 228 leverage 8.625% Senior…
  6. November 2016 Corporate Presentation – Halcon Resources Corp – slide 6
    Halcn Continues to Reduce Operating Costs Historical LOE (1)/Boe Historical G&A/Boe (2) 8.99 30% decrease in LOE/Boe 56% decrease in G&A/Boe 11.49 9.52 5.98 8.21 8.00 4.83 4.00 (3) (3) 2013 2014 2015 2016E 2013 2014 2015…
  7. November 2016 Corporate Presentation – Halcon Resources Corp – slide 7
    Core Growth Assets in Place Inventory Highlights Potential Gross Operated Drilling Inventory (3) 750+ economic gross operated locations in core areas at 60 WTI (1) +43% 1,101 - Represents 11 years of drilling inventory with 4 rigs…
  8. November 2016 Corporate Presentation – Halcon Resources Corp – slide 8
    Bakken / Three Forks Property Highlights 100% of acreage is HBP Fort Berthold Area: 30,000 net acres 25,000 Operated (68% WI) 5,000 Non-Operated (2% WI) Williams County (Operated): 72,000 net acres (82% WI) Other Non-Op: 16,000…
  9. November 2016 Corporate Presentation – Halcon Resources Corp – slide 9
    Williams County Drilling 2017 Williams County Plan Borrud Pad Offset Activity Plan to drill a 5 well pad in Williams County in mid 2017 Represents first drilling by HK in this area in over a year HK Avg EURs: 676 Mboe HK plans to…
  10. November 2016 Corporate Presentation – Halcon Resources Corp – slide 10
    Operational Execution in the Williston Basin Operational Execution Operational Results D&C AFEs Reduced D&C AFE costs by 43% per well since 15Q1 (includes artificial lift and facilities) Average data points for 20 POLs in 2016 (14…
  11. November 2016 Corporate Presentation – Halcon Resources Corp – slide 11
    El Halcn - East Texas Eagle Ford Shale Property Highlights 80,000 net acres leased in the core of the play Entire position de-risked 80% HBP No drilling for remainder of 2016 Staff in place to quickly scale up drilling operations…
  12. November 2016 Corporate Presentation – Halcon Resources Corp – slide 12
    Appendix
  13. November 2016 Corporate Presentation – Halcon Resources Corp – slide 13
    Williston Basin Fort Berthold Depth of Inventory in FBIR Avg. Avg. North FBIR Remaining Gross Operated Estimated Wells / DSUs Locations EUR DSU (Mboe) 10/31/16 60 WTI (2) 80 WTI (3) Strip (1) North FBIR 14 10 69 69 69 900…
  14. November 2016 Corporate Presentation – Halcon Resources Corp – slide 14
    FBIR Type Curve Economics IRR vs. Oil Price: FBIR 225% 200% 175% FBIR type curve has an IRR 150% of 56% at strip pricing (3) 125% IRR % 100% 75% 50% 25% 0% 40 45 50 55 60 65 70 75 80 /Bbl NYMEX Oil FBIR Type Curve…
  15. November 2016 Corporate Presentation – Halcon Resources Corp – slide 15
    FBIR Well Performance vs. Type Curve 425,000 400,000 375,000 350,000 325,000 300,000 Cumulative Oil Production (Bbl) 275,000 250,000 225,000 200,000 175,000 150,000 125,000 100,000 75,000 50,000…
  16. November 2016 Corporate Presentation – Halcon Resources Corp – slide 16
    Williston Basin Williams County Depth of Inventory in Williams County Avg. Avg. Remaining Gross Operated Estimated Wells / DSUs Locations EUR DSU (Mboe) 10/31/16 60 WTI (2) 80 WTI (3) Strip (1) Tier 1 4-7 33 127 127 127…
  17. November 2016 Corporate Presentation – Halcon Resources Corp – slide 17
    Williams County Type Curve Economics IRR vs. Oil Price: FBIR 100% 90% 80% Tier 1 type curve has an IRR 70% of 23% at strip pricing (3) 60% IRR % 50% 40% 30% 20% 10% 0% 40 45 50 55 60 65 70 75 80 /Bbl NYMEX Oil Tier 1…
  18. November 2016 Corporate Presentation – Halcon Resources Corp – slide 18
    Williams County Tier 1 Well Performance vs. Type Curve 210,000 195,000 180,000 165,000 150,000 Cumulative Oil Production (Bbl) 135,000 120,000 105,000 90,000 75,000 60,000 45,000 30,000 15,000 Producing…
  19. November 2016 Corporate Presentation – Halcon Resources Corp – slide 19
    Williams County Tier 2 Well Performance vs. Type Curve 135,000 120,000 105,000 Cumulative Oil Production (Bbl) 90,000 75,000 60,000 45,000 30,000 15,000 Producing Days 0 - 60 120 180 240 300 360 420 480…
  20. November 2016 Corporate Presentation – Halcon Resources Corp – slide 20
    El Halcn Depth of Inventory in El Halcn Avg. Avg. Well Remaining Gross Operated Estimated Spacing Locations EUR (Mboe) 10/31/16 60 WTI (2) 80 WTI (3) Strip (1) Tier 1 1,000' 251 251 251 430 Tier 2 1,000' 0 80 275 325 Total…
  21. November 2016 Corporate Presentation – Halcon Resources Corp – slide 21
    El Halcn Type Curve Economics IRR vs. Oil Price 70% 60% 50% 40% IRR % 30% 20% 10% 0% 40 45 50 55 60 65 70 75 80 /Bbl NYMEX Oil El Halcon Tier 1 Type Curve (430 Mboe) Pricing & Expense Assumptions D&C Assumptions Gas…
  22. November 2016 Corporate Presentation – Halcon Resources Corp – slide 22
    El Halcn Well Performance 120,000 100,000 Cumulative Production, Boe 80,000 60,000 40,000 20,000 0 0 30 60 90 120 150 180 210 240 270 300 330 360 Producing Days 2015-16 Average Well 430 Mboe El Halcon…
  23. November 2016 Corporate Presentation – Halcon Resources Corp – slide 23
    12/31/15 Proved Reserves SEC Pricing Proved Reserves by Type Net Oil Net Gas Net NGL Net Equiv Dev Capex PV 10 56% proved developed SEC 12/31/15 (MMbl) (Bcf) (MMbl) (MMBoe) (MM) (MM) 91% liquids PDP 61.4 46.3 7.1 76.2 4 816 95%…
  24. November 2016 Corporate Presentation – Halcon Resources Corp – slide 24
    Strong Hedge Program for the Remainder of 2016 Subject to market conditions, our plan is to hedge the next 18-24 months of production Designed to support capital program and protect cash flow Remaining 3 Mos of 2016, 77% of oil is…
  25. November 2016 Corporate Presentation – Halcon Resources Corp – slide 25
    Derivative Detail Oil Hedge Summary 3 Mos 2016 FY 2017 Volume Ceiling / Swap Floor Volume Ceiling / Swap Floor (1) (1) (1) (1) (Bbls) Price Purchased (Bbls) Price Purchased Collars 920,000 80.26 74.30 5,383,750 59.09 50.95 (2)…
  26. November 2016 Corporate Presentation – Halcon Resources Corp – slide 26
    Halcn Ownership Ownership Summary Basic Shares Basic Shares Employees Future MIP Net Fully Fully Diluted Holder Outstanding % Ownership Warrants (1) Options (2) Awards (3) Diluted Diluted % Ownership Other Common Equity Holders…
  27. November 2016 Corporate Presentation – Halcon Resources Corp – slide 27
    Oil & Gas Marketing Avg. NYMEX Marketing Highlights 3Q16 HK Oil Differentials by Area (1) Oil Price Williston Basin 45.03/bbl Oil Marketing 96% 80%+ of production connected to pipeline 87% 89% Gas Marketing All existing gas…
  28. November 2016 Corporate Presentation – Halcon Resources Corp – slide 28
    Contact Information Quentin Hicks SVP Finance and Investor Relations 832.538.0557 qhickshalconresources.com

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