NYSE MKT: SYRG At Home in The Wattenberg Investor Presentation / December 2016
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)…
Features of the Wattenberg Field www.syrginfo.com 4
Gas/Oil Ratio Map Over 1,000 gross MRL and LRL drilling locations 2016 4th Quarter Development Plan 69,300 Net acres in Greater Wattenberg identified within the GC development area Completed 14 (gross) Fagerberg MRL laterals (turned to…
Current D&C Operations MRL: Mid Length Lateral Avg. Effective length: 6,920 Evans DSU Evans West Pad: 9 XRLs & 2 LRLs Evans East Pad: 11 LRLs Drill & Complete*: 3.5mm Drill Time (RR-RR**) 6-8 days Niobrara A XRL XRL LRL LRL *assumes…
Greeley Crescent Development Area Blended GC MRL 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 in…
2016 2017 Estimated Capital Budget ESTIMATED 2016 PRELIMINARY 2017 OPERATED CAPITAL BUDGET D&C CAPITAL BUDGET 145 MILLION 260 - 300 MILLION Drilling and Leasing Drilling and Completion 25 Completion Leasing & Other 120 260 -…
Financial Strategy Maintain adequate liquidity & strong balance sheet September 30, 2016 total liquidity of 224 million o Cash of 64 million o 160 million available on undrawn revolver o 80 million in outstanding long-term notes due…
APPENDIX www.syrginfo.com 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 November 2016 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) Nov 1 to December 31, 2016…
Adjusted EBITDA Reconciliation SYNERGY RESOURCES CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) Three months ended Nine months ended 9/30/2016 9/30/2015 9/30/2016 9/30/2015 Adjusted EBITDA…
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 15
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