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Investor Presentation March 2017 – Halcon Resources Corp

Halcon Resources Corp · Mar 1, 2017 · 26 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. Investor Presentation March 2017 – Halcon Resources Corp – slide 1
    Company Presentation March 2017
  2. Investor Presentation March 2017 – Halcon Resources Corp – slide 2
    Halcn Asset Overview Combined company is a Bakken and Delaware focused independent with a multiyear drilling inventory Bakken/Three Forks 121,000 Net Acres Total Net Acreage: (2) 157,500 575 Gross Operated Locations Future Gross…
  3. Investor Presentation March 2017 – Halcon Resources Corp – slide 3
    Recent Acquisitions in the Southern Delaware Basin Pecos County Assets Acquisition Overview Acreage Position Purchase Price: 727 MM Q4 16 Production: 2,801 boe/d 72% oil / 16% NGL / 13% gas Net Acreage: 21,495 Ward County Option:…
  4. Investor Presentation March 2017 – Halcon Resources Corp – slide 4
    MultiYear Inventory of Quality Locations Significant DeRisked Inventory with Upside Potential Gross Remaining Operated Locations (1) MultiBench Inventory (Pecos County Assets) 5,280 Future drilling Near Term Drilling (WC A/B)…
  5. Investor Presentation March 2017 – Halcon Resources Corp – slide 5
    Pecos County Assets Recent Drilling Activity CURRENT OPERATOR POL Date EUR Bo/ft Offset Activity to Pecos County Acreage 1 CONNIE 1H 6/12/2015 90 2 BARBARA STATE 1H 9/1/2016 49 3 BERKLEY STATE EAST UNIT 1H 7/30/2015 42 4 ADRIANNA…
  6. Investor Presentation March 2017 – Halcon Resources Corp – slide 6
    Ward County Assets Recent Drilling Activity Offset Activity to Ward County Acreage JAGGED PEAK ENERGY LLC POL Date EUR Bo/ft 1 UTL 2817 7/20/2015 87 2 UTL L J BELDIN 121117 1/10/2016 72 3 UNIVERSITY LANDS 293217 1H 7/31/2016 87…
  7. Investor Presentation March 2017 – Halcon Resources Corp – slide 7
    Delaware Basin Type Curves Wolfcamp A and B Wolfcamp A Type Well (7,500) (1) Wolfcamp B Type Well (7,500) (1) 800 1,200 Nornalized Oil Rate (Bo/d) 700 Avg. EUR: 803 Mboe 1,000 Avg. EUR: 975 Mboe Nornalized Oil Rate (Bo/d)…
  8. Investor Presentation March 2017 – 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 NonOperated (2% WI) Williams County & Other Operated: 75,000 net acres (82% WI) Other NonOp:…
  9. Investor Presentation March 2017 – 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…
  10. Investor Presentation March 2017 – Halcon Resources Corp – slide 10
    2017 Guidance 2017E 2017E Production (Boe/d) Capex (MM) Total 37,000 39,000 D&C Capex (1) 300 % Oil 80% % Bakken 65% % Gas 10% % Delaware 35% % NGL 10% Infrastructure, Seismic 15 and Other Capex Operated Rig Count…
  11. Investor Presentation March 2017 – Halcon Resources Corp – slide 11
    Pro Forma Capitalization Highlights Pro Forma Capitalization for PIPE, Unsecured Notes, Acquisitions and Divestiture Pecos County Simple capital structure Acquisition, 2L Assumed El Halcon Refinancing / Exercise of the Face…
  12. Investor Presentation March 2017 – Halcon Resources Corp – slide 12
    Appendix
  13. Investor Presentation March 2017 – Halcon Resources Corp – slide 13
    Pecos & Ward County Transaction Rationale Key Acquisition Criteria Pecos & Ward County Transactions 72% oil / 88% liquids Strategic Fit with HK team has significant experience in the Permian Current Asset Base Opportunity to…
  14. Investor Presentation March 2017 – Halcon Resources Corp – slide 14
    Pecos County Assets Geology Compelling Geological Setting with Significant Upside 15 Miles NW SE Wolfcamp A&B Gross Isopach Over 2,700 of Oil Saturated Interval NW Avalon 1st Bone Spring 2nd Bone Spring Datum: Top…
  15. Investor Presentation March 2017 – Halcon Resources Corp – slide 15
    Recent Comparable Southern Delaware Transactions Large, Contiguous Acreage Position at an Attractive Price Select Southern Delaware Transactions (1)(2) January 2017 December 2016 Parsley Energy / Apache Callon / Ameredev Purchase…
  16. Investor Presentation March 2017 – Halcon Resources Corp – slide 16
    Valuable Infrastructure Assets Already in Place in Pecos County Overview Locator Map Significant infrastructure in place, including a water handling and recycling system, fresh water wells and SWD options Recently constructed…
  17. Investor Presentation March 2017 – Halcon Resources Corp – slide 17
    Williston Basin Fort Berthold Depth of Inventory in FBIR Avg. North FBIR Avg. Estimated Wells / DSUs Remaining Gross Operated Locations EUR DSU (Mboe) 1/31/17 60 WTI (2) 80 WTI (3) Strip (1) North FBIR 14 10 69 69 69…
  18. Investor Presentation March 2017 – Halcon Resources Corp – slide 18
    FBIR Type Curve Economics IRR vs. Oil Price: FBIR 225% 200% 175% FBIR type curve has an IRR 150% of 70% at strip pricing (2) IRR % 125% 100% 75% 50% 25% 0% 40 45 50 55 60 65 70 75 80 /Bbl NYMEX Oil FBIR Type Curve…
  19. Investor Presentation March 2017 – Halcon Resources Corp – slide 19
    FBIR Well Performance vs. Type Curve (1) (2) Note: See Cautionary Statements on page 3 for a discussion on risks associated with EURs. 21 (1) Program consists of 86 wells. (2) Formation: Middle Bakken and Three Forks
  20. Investor Presentation March 2017 – Halcon Resources Corp – slide 20
    Williston Basin Williams County Depth of Inventory in Williams County Avg. Avg. Estimated Wells / DSUs Remaining Gross Operated Locations EUR DSU (Mboe) 1/31/17 60 WTI (2) 80 WTI (3) Strip (1) Tier 1 47 33 127 127 127…
  21. Investor Presentation March 2017 – Halcon Resources Corp – slide 21
    Williams County Type Curve Economics IRR vs. Oil Price: Williams County 100% 90% 80% Tier 1 type curve has an IRR 70% of 30% at strip pricing (2) 60% IRR % 50% 40% 30% 20% 10% 0% 40 45 50 55 60 65 70 75 80 /Bbl…
  22. Investor Presentation March 2017 – Halcon Resources Corp – slide 22
    Williams County Tier 1 Well Performance vs. Type Curve (1) (2) (3) Note: See Cautionary Statements on page 3 for a discussion on risks associated with EURs. (1) Program consists of 20 wells. 24 (2) Slickwater completions, only.…
  23. Investor Presentation March 2017 – Halcon Resources Corp – slide 23
    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 60 120 180 240 300 360 420 480 540…
  24. Investor Presentation March 2017 – Halcon Resources Corp – slide 24
    Derivative Detail Oil Hedge Summary FY 2017 FY 2018 Volume Ceiling / Floor Volume Ceiling / Floor (1) (1) (1) (Bbls) Swap Price Purchased (Bbls) Swap Price Purchased (1) Collars 6,843,750 58.75 51.39 1,460,000 59.00 51.50 Swaps…
  25. Investor Presentation March 2017 – Halcon Resources Corp – slide 25
    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…
  26. Investor Presentation March 2017 – Halcon Resources Corp – slide 26
    Contact Information Quentin Hicks SVP Finance and Investor Relations 832.538.0557 qhickshalconresources.com

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