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Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc

SRC Energy Inc · Mar 28, 2017 · 11 slides

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Slides

  1. Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc – slide 1
    SRC Energy Inc. Corporate Presentation 45th Annual Scotia Howard Weil Energy Conference March 28, 2017 NYSE MKT: SRCI
  2. Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc – slide 2
    Company Overview Proved Reserves 100,000 93,352 PDP 60,000 net acres in the greater Wattenberg area 90,000 PUD 17,863 Contiguous nature of acreage provides ability to drill longer 80,000 Proved Reserves MBoe laterals with…
  3. Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc – slide 3
    2017 Outlook 2017 Development Plan Mid Length Lateral Drill 68 (gross) ML laterals and 34 (gross) LL Avg. Effective length: 6,920 laterals Drill & Complete*: 3.75 mm Complete 52 (gross) ML laterals and 43 (gross) LL Drill Time…
  4. Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc – slide 4
    Gas/Oil Ratio Map 1,200 gross MRL and LRL drilling locations identified Greeley Crescent Fagerberg Development Area Wiedeman Bestway Orr & Orr State Evans Williams Kawata Wattenberg Fairway SRC Energy Leases…
  5. Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc – slide 5
    Current D&C Operations Evans DSU Evans West Pad: 9 XRLs & 2 LRLs Evans East Pad: 11 LRLs Drilling Niobrara A XRL XRL LRL LRL Goetzel Pad: 12 (6 Net) MRL wells Niobrara B XRL XRL XRL LRL LRL LRL drilling Niobrara C XRL XRL LRL LRL…
  6. Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc – slide 6
    Greeley Crescent Development Area Blended GC MRL Well Economics Blended GC Mid-Length Type Curve vs Bestway & Break-Even Cost (/bbl) Comparison Fagerberg Pads 40 30 37.24 37.07 34.38 33.57 33.26 33.10 31.55 700.0 20…
  7. Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc – slide 7
    Midstream & Marketing DCP Midstream Gas Gathering & Processing Investments Fagerberg Phase 1 of Grand Parkway was operational in the first quarter of 2016 Hood Phase 2 is in progress and aligns with SRC Goetzel Energys…
  8. Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc – slide 8
    Corporate Summary Pure play with concentrated acreage position Maintaining a strong balance sheet December 31, 2016 total liquidity of 179 million Cash of 19 million 160 million available on undrawn revolver 2017 development plan…
  9. Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc – slide 9
    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.…
  10. Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc – slide 10
    Hedging Summary as of March 2017 Crude Oil and Natural Gas Hedges Avg Monthly Collar Volumes Average Collar Prices (1) Oil Gas HH Gas CIG Oil Gas HH Gas CIG Month (Bbl) (MMBtu) (MMBtu) (Bbl) (MMBtu) (MMBtu) March 1 to December 31,…
  11. Scotia Howard Weil 45th Annual Energy Conference Corporate Presentation – SRC Energy Inc – slide 11
    Adjusted EBITDA Reconciliation SRC ENERGY INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) Three months ended Twelve months ended 12/31/2016 12/31/2016 12/31/2016 12/31/2016 Adjusted EBITDA Net…

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