Skip to main content Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. Investor Presentation | Shale Experts
Loading...
Pm

Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp.

Stone Energy Corp. · Mar 27, 2017 · 15 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. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 1
    VK 989 - Pompano Scotia Howard Weil March 27, 2017
  2. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 2
    Key Terms of Stones Debt-for-Equity Exchange December 2016: Voluntary Prepackaged Restructuring Agreement Executed February 2017: Emerged With New Balance Sheet, Ownership and Board Key Terms Preemergence stockholders received 5%…
  3. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 3
    Key Balance Sheet Items at March 1, 2017 Liquid Assets: Unrestricted Cash 160 million* Restricted Cash (P&A account) 75 million Debt Liabilities: Bank Debt 0 million Second Lien Notes due 2022 225 million Gulf of Mexico/Gulf…
  4. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 4
    Stone is Now Focused in Low Cost Deep Water GOM 140 Gulf of Mexico Oil Supply Cost 120 D N u i Oil Sands 100 o (Mining) v b US/bbl (Brent) Stone A e r l Bone Bakken Wolfcamp a Ua Eagle Ford r r 80 Spring t n a Oil…
  5. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 5
    Properties Focused In Mississippi Canyon and Green Canyon Legend 2017 Lafayette Prospect 95 Deep Water leases Bayou Hebert New Orleans Houston MP288 6 High potential prospects Horned Lark Pompano 30 Tie back exploitation…
  6. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 6
    Deep Water Infrastructure Provides Operational Leverage Stone Has Operated In Deep Water For a Decade Advantaged infrastructure Increasing production Two new tiebacks Decreasing cost Pompano Net Production 16 MP288 14…
  7. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 7
    Stone Energy is an Experienced, Quality Deepwater Operator Pompano Currently Stone Has Ten Years of Deepwater Operatorship Established two hubs, Pompano and Amberjack Cardona discovery completed and online Significant capacity at…
  8. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 8
    Demonstrated Capability To Grow Value of Acquired Assets Operational Safety and Effectiveness is a Positive within the Industry Good Reputation with Regulators Coast Guard, BSEE and BOEM Relationships & Industry Leadership at NOIA,…
  9. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 9
    Acquisition & Exploration Success Demonstrated at Pompano Hub VK989 VK990 Pompano Field Acquired December 31, 2011 from BP Amethyst Cardona Production increased from 4,000 net boed in 2011 to 12,000 net boed during 2016 MC26…
  10. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 10
    Amberjack Acquisition - A Value Added Transaction Amberjack Cash Flows MC 64 MC 65 1,000 Estimate* 800 52MM 188MM Cumulative Cash Flow MM 600 Acquisition Acquisition from Conoco from BP & 400 Operatorship 200 MC N…
  11. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 11
    If Successful, Rampart/Derbio ties back to Pompano Platform POSSIBLE WELLS TO DRILL IN 2017 FOLLOW UP WELLS GIVEN SUCCESS DERBIO 1,882 Water Depth M57 18,587 Total Depth DERBIO M74 2,008 Water Depth 48 MM DHC 14,500 Total Depth…
  12. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 12
    Amethyst Status Update MC 26 SGY 1 AMETHYST 470 VK989 M 58 VK99 0Pompano 18 % Field Amethyst Cardona Stray 15 % MC26 MC27 MC28 MC29 75 Net Gas Supertramp Amethyst Pay Derbio 15% 14% MC71 MC72 Base Amethyst…
  13. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 13
    Preliminary 2017 Capital Program Dominated By P&A and Development Proposed Budget 180 million 55% Exploration and Capture Development P&A 15% 30% Most Capital to Development and Required Abandonments 14
  14. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 14
    2017 Abandonment Spend Driven By Regulators Top Ten Operators by Idle Assets Decommissioning Spend 100 90 Actual Projected 101 42 19 25 26 23 80 13 6 13 9 3 70 29 24 24 23 21 10 MM 56 60 61 89 132 Stone 50 40 30 20…
  15. Scotia Howard Weil 45th Annual Energy Conference – Stone Energy Corp. – slide 15
    Commodity Price Risk Partially Mitigated Through Hedging Commodity Deal Type Begin Date End Date Quantity Swap Price Put Price Call Price OilWTINYMEX Put 2/1/2017 12/31/2017 1,000 50.00 OilWTINYMEX Put 2/1/2017 12/31/2017…

From the store

Browse maps, data & reports in the Shale Experts store