Skip to main content EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. Investor Presentation | Shale Experts
Loading...
Pm

EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc.

Petroquest Energy Inc. · Mar 1, 2017 · 25 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. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 1
    February 2017 EnerComs Dallas Oil & Gas Conference March 1, 2017
  2. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 2
    Our Properties 2016 Reserves 4Q16E Production 68% Gas 16% NGL Gulf Coast 16% Oil 28% East Texas 38% Gulf Coast East Texas 62% 72% 115 Bcfe 49.9 Mmcfe/d 100 Production (Mmcfe/d) 100 Analyst EBITDA (MM) 60 56.2 90 50…
  3. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 3
    Industry Activity - Cotton Valley Trend Relative Rock Quality Comparison PQ13: 12.3 MMcfe/d Marcellus PQ Cotton Valley Gulf Coast PQ14: 13.5 MMcfe/d Porosity (5%) (10%) (28%) PQ15: 11.4 MMcfe/d PQ16: 16.7 MMcfe/d Marcellus PQ Cotton…
  4. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 4
    Advantages of PQs Cotton Valley Geology: high permeability sandstones relative to low permeability shales Multiple targets: 1,400 thick sand column with seven benches to target Low risk: hundreds of vertical wells with decades of…
  5. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 5
    Cotton Valley Horizontal Production Up with Costs Down Improving Well Performance 3,000 6,000 14.2 13.7 14 24HR IP Rate (MMCFE/D) 11.9 5,500 12 2,200 2,000 4,747 5,000 /Lateral Foot 10 9.1 Lateral Feet 8 7.4…
  6. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 6
    Cotton Valley Horizontal Economics Sensitivity to Gas Prices Horizontal CV Well Economics 98% 100% 4.0 MM D&C 80% 67% 60% 42% 40% 20% 0% 2.50 3.00 3.50 Economic Assumptions Assumptions (1) Gross Well Cost (MM)…
  7. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 7
    Last 9 Cotton Valley Wells: Maximum Growth with Minimal Wells PROVED RESERVES PRODUCTION 120 114 140% 12 11.1 95% 110 Growth 11 Growth 100 in in 10 90 Reserves Production 80 9 BCFE BCFE 70 8 60 7 50 47.6 6 5.7…
  8. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 8
    2017 Cotton Valley Drilling Program 3-well Pad PQ/CVX 22 PQ 26-28 (WOC) PQ 21 (Flowing Back) 3-well Pad PQ 23-25 (Drilling 23) Single Well Pads PQ 29-31 9
  9. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 9
    SE CARTHAGE 8200 Multi Bench Cotton Valley Opportunities 8250 8250 8300 8300 8350 8350 8400 8400 8450 8450 8500 8500 PetroQuest -- McFadden Bagley 1 8550 8550 8600 8600 8650 Cotton…
  10. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 10
    Cotton Valley Acreage Position 52,000 Gross Acres (100% HBP) 600 Gross Future Locations (300 Net) 11
  11. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 11
    Gulf Coast Free Cash Flow Generator Lafayette Key Operating Metrics Houston Ten Year Drilling Success Rate: 70% La Cantera / 3Q16 Production (Mmcfe/d) 33 Thunder Bayou % Gas: 68% % NGL: 11% % Oil: 21% Areas of Interest:…
  12. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 12
    Thunder Bayou Recompletion Recompletion Current Production: 20 MMCFE/D Anticipated Production: 50-70 MMCFE/D 3P Reserve Est: 140 Bcfe 35MM in field level cash flow Bottom Zone Cum Prod: 14.6 Bcfe Original 1P: 8.6…
  13. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 13
    Thunder Bayou/La Cantera 3P Value Remaining Gross 3P Reserves 200 Bcfe 3Q16 Cash Margin/Mcfe (1) 2.70 Remaining Gross 3P Value(undiscounted) 540 MM PQ Weighted Avg. NRI 31% Net Value to PQ 167 MM Shares O/S 21,100,000 Value per…
  14. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 14
    PQs Aggressive Response to Downturn Asset sales in excess of 300 million Completed two debt exchanges to extend maturities and reduce fixed charges Have repaid or extended maturity on 93% of Unsecured Notes due 2017 Recent…
  15. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 15
    Changes to Maturity Profile (000s) 12/31/15 9/30/16 400 400 350 350 350 300 Expected to be refinanced 300 with 50MM term loan 250 250 due 2020 244 200 200 150 150 100 100 50 50 23 14 0 0 2017 2021 2021 2017 Unsecured…
  16. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 16
    4Q15 vs 4Q16E Cash Costs Comparison (mms) 17 G&A down - 9% Lifting costs down - 22% Int/Dividends down - 85% 30 10.9MM in savings 23.5 equates to (1) 2.69/mcfe (2) 20 5.3 8.1 12.6 (1) 10 4.8 (1) 10.1 6.3 0 1.5 (1)…
  17. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 17
    2017 Gas Hedge Position (MMcf/d) Average floor gas price: 3.21 Cotton Valley IRR 3.00: 67% 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - 1Q17 2Q17 3Q17 4Q17 Hedged Volumes 1Q17 Gas Production *…
  18. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 18
    Summary 2017: Poised For Significant Growth through Cotton Valley development and Thunder Bayou recompletion Sequential production growth expected in 2017 Actively hedging to lock in strong Cotton Valley economics Interest savings…
  19. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 19
    Appendix 20
  20. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 20
    Appendix 1 - Hedging Positions Natural Gas Hedged Volumes (Bcfe) Price 2017 10.1 3.21 1Q18 1.8 3.21 21
  21. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 21
    Appendix 2 Adjusted EBITDA Reconciliation ( in thousands) 2011 2012 2013 2014 2015 1Q16 2Q16 3Q16 Net Income (Loss) available to 5,409 (137,218) 8,943 26,051 (299,977) (39,137) (24,143) (23,306) common stockholders Income tax…
  22. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 22
    Appendix 3 - Discretionary Cash Flow Reconciliation ( in thousands) 2011 2012 2013 2014 2015 1Q16 2Q16 3Q16 Net income (loss) 10,548 (132,079) 14,082 31,190 (294,838) (37,643) (22,858) (22,021) Reconciling items: Income tax…
  23. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 23
    Appendix 4 Gulf Coast/GOM Free Cash Flow Reconciliation ( in thousands) 2007-2015 Revenues 1,005,705 Lease Operating Expense (184,505) Severance Tax (25,480) Field level cash flow 795,720 Capital Expenditures (1) (361,794) Free…
  24. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 24
    Appendix 5 - Panola County Cotton Valley Room to Run Legend Cotton Valley Wells PQ CV Vertical Wells PQ CV Horizontal Wells PQ Area Carthage Field Area of Mutual 4.4 TCF of Interest Unrisked Resource Potential 2.2 Tcfe…
  25. EnerCom Oil & Gas Conference 2017 – Petroquest Energy Inc. – slide 25
    Company Information 400 East Kaliste Saloom Road, Suite 6000 Lafayette, Louisiana 70508 Phone: (337) 232-7028 Fax: (337) 232-0044 www.petroquest.com V2 26

From the store

Browse maps, data & reports in the Shale Experts store