Skip to main content December 2016 Investor Presentation – Rosehill Resources Inc. | Shale Experts
Loading...
Pm

December 2016 Investor Presentation – Rosehill Resources Inc.

Rosehill Resources Inc. · Dec 22, 2016 · 36 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. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 1
    CONFIDENTIAL Rosehill Resources Investor Presentation December 2016
  2. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 2
    AGENDA Introduction Rosehill Overview Financial Overview Benchmarking Analysis Appendix 2
  3. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 3
    ROSEHILL HIGHLIGHTS: DRIVEN TO SUCCEED 4,771 net acres in the core of the Delaware Basin (80% HBP as of September 2016) Scalable Assets Ten stacked benches, with 85% of locations economic(1) at current strip pricing and 50% of…
  4. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 4
    ROSEHILL OVERVIEW DRILLING: DEVELOPMENT TARGETING THE DELAWARE BASIN CORE High Growth Assets Supported by Low-Decline, Non-Core Barnett Asset Cash Flow Delaware Hyper-Core Core Location in Emerging Delaware Basin 4,771 net acres in…
  5. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 5
    FINANCIAL OVERVIEW TRANSACTION SUMMARY Small-Cap E&P Poised to Exploit the Delaware Basin Pro Forma Capitalization Actual Pro Forma KLR Energy (KLRE) is led by Gary Hanna, a 35-year industry veteran (MM unless otherwise noted)…
  6. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 6
    ROSEHILL OVERVIEW ROSEHILL OVERVIEW Section 1 Rosehill Overview Section 2 Financial Overview Section 3 Benchmarking Analysis Appendix 6
  7. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 7
    ROSEHILL OVERVIEW WHAT SEPARATES THE DELAWARE CORE FROM OTHER PLAYS Correlative to the Midland Central Delaware Basin Reservoir Thickness Basin but deeper, thicker, and with higher pressure Gross Reservoir Rosehills core acreage…
  8. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 8
    ROSEHILL OVERVIEW WHAT SEPARATES THE DELAWARE CORE FROM OTHER PLAYS (CONTD) Brittleness of the rock is a Wolfcamp A Brittleness major factor that contributes to completion effectiveness 700 and high EURs 600 500 The Wolfcamp A…
  9. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 9
    ROSEHILL OVERVIEW BENCH STRENGTH: PROVEN SUPERIOR ACREAGE Compelling Area Results Rosehill has benefited from drilling Anadarko EOG EOG Endurance Thresher 9HN State Magellan 13H State Pathfinder 2H Yates 16 State 1H efficiencies…
  10. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 10
    ROSEHILL OVERVIEW WOLFCAMP PERFORMANCE EXCEEDING TYPE CURVE Gen-1 Completions Gen-2 Completions Gen-1Wolfcamp A 710 Gross MBoe Type Curve(1) Gen-2 Lower Wolfcamp A 747 Gross MBoe Type Curve Cumulative Oil (Bbls) Cumulative Oil…
  11. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 11
    ROSEHILL OVERVIEW EVOLUTION OF COMPLETION TECHNIQUES Gen-1 Completions Gen-2 Completions Leveraging service company knowledge to Completion Designs Early designs, ramping up learning curve improve designs; greater focus on perf…
  12. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 12
    ROSEHILL OVERVIEW UNDEVELOPED LOCATION INVENTORY 9 Years of Operated Inventory with 2 Rigs Ten Benches of Stacked Pay with Downspacing Potential Gross Drilling Inventory by County Base Case Spacing Pattern Down-Spaced Pattern…
  13. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 13
    ROSEHILL OVERVIEW WELL ECONOMICS & HORIZONTAL DEVELOPMENT PLAN Shifting to Pad Development with 2 Rig Plan Commentary Target Type Curve Economics(2) Rosehill will have three wells coming online in Q4 2016 3rd Bone Spring Wolfcamp A…
  14. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 14
    ROSEHILL OVERVIEW MIDSTREAM INFRASTRUCTURE Oil and Gas Marketing Summary Loving County Acreage Midstream Overview Gathering infrastructure wholly owned by Gateway Gathering & TEXAS Marketing Company, a wholly owned subsidiary of…
  15. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 15
    ACCRETIVE M&A PIPELINE Active pipeline of bolt-on Operators by Basin opportunities o 250 private operators in the 1000 Delaware Basin 650 o Twice that of the Williston 460 Numerous Basin 230 M&A Targets Numerous small,…
  16. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 16
    FINANCIAL OVERVIEW SECTION 2: FINANCIAL OVERVIEW Section 1 Rosehill Overview Section 2 Financial Overview Section 3 Benchmarking Analysis Appendix 16
  17. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 17
    FINANCIAL OVERVIEW FINANCIAL FORECAST Average Daily Production (Boepd) Adjusted EBITDAX (MM) % YoY Growth Avg. WTI (/Bbl) 7,644 77 5,614 45 4,003 3,102 21 40% 21 36% 36% 29% 50.94 42.10 54.19 54.94 2015 A 2016 E…
  18. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 18
    FINANCIAL OVERVIEW CAPITAL BUDGET OVERVIEW Commentary Capital Spending Overview (MM) Development plans for 2017 and 2018 focus on the Wolfcamp Shale, both A & B benches, as well as the 3rd Bone Spring Sand Development plans for…
  19. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 19
    FINANCIAL OVERVIEW HEDGING OVERVIEW Commentary % Oil Volume Hedged Rosehill intends to have a flexible approach with regards to its % Hedged By 3-Way Collar % Hedged by Swap Realized Price (/bbl) hedging strategy 60% 54.93 With…
  20. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 20
    DELAWARE TRANSACTIONS OVERVIEW SECTION 3: BENCHMARKING ANALYSIS Section 1 Rosehill Overview Section 2 Financial Overview Section 3 Benchmarking Analysis Appendix 20
  21. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 21
    DELAWARE TRANSACTIONS OVERVIEW RECENT DELAWARE BASIN TRANSACTIONS Select Transaction Metrics Notable Delaware Transactions in 2H 2016 Adjusted Net Locations(MM/location)(1) 2.2 Average: 1.6 2.0 1.9 1.8 1.4 1.4 1.0 0.8…
  22. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 22
    DELAWARE TRANSACTIONS OVERVIEW COMPARABLE COMPANY ANALYSIS Performance Metrics 2016E 2018E Production CAGR 2016E 2018E EBITDAX CAGR 111% Average: 47% 140% Average: 87% 96% 90% 51% 71% 65% 60% 41% 38% 21% 18% 10%…
  23. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 23
    DELAWARE TRANSACTIONS OVERVIEW COMPARABLE COMPANY ANALYSIS (CONTD) Valuation Metrics EV / 2017E EBITDAX EV / 2018E EBITDAX 11.2x 21.8x Average: 13.2x Average: 8.5x 9.4x 8.3x 7.6x 7.4x 7.1x 12.8x 5.8x 11.7x 11.3x 10.9x 10.6x…
  24. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 24
    APPENDIX APPENDIX Section 1 Rosehill Overview Section 2 Financial Overview Section 3 Benchmarking Analysis Appendix 24
  25. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 25
    FINANCIAL OVERVIEW TRANSACTION DETAIL In October 2016, Rosemores subsidiary, Tema Oil & Gas Company, Capitalization executed a Letter of Intent with KLRE to contribute its Delaware and Barnett assets into a newly formed subsidiary…
  26. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 26
    KLR Energy Acquisition Corp. (Rosehill Resources) Convertible Preferred Stock Termsheet Issuer Name KLR Energy Acquisition Corp. (NASDAQ: KLRE) Principal Amount 75 million Liquidation Preference 1,000 per preferred share…
  27. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 27
    APPENDIX RESERVE PROFILE June 30, 2016 Reserves 6/30/2016 Reserves Net Oil Net Gas Net NGL Net Equiv PV-10(1) (MBbls) (MMcf) (MBbls) (MBoe) (MM) PDP 2,702 10,642 1,823 6,298 79 PDN 263 3,433 606 1,440 10 PUD 3,142 3,556 632…
  28. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 28
    APPENDIX TARGETED TRANSACTION TIMELINE Date: Event: Execute definitive business combination agreement, announce transaction, and Week of 12/12 announce private placement(1) Early January Preliminary Proxy Materials filed…
  29. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 29
    ROSEHILL COMBINES TWO COMPANIES WITH COMPLIMENTARY VISIONS Strong track record of value Long history of successful energy Preeminent Delaware Basin small-cap E&P creation investing company Focused on long-term growth Early mover…
  30. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 30
    TECHNICAL ENHANCEMENTS HAVE SIGNIFICANTLY INCREASED EURs Lateral Lbs. Flowing Comp. IP Projected Well Stages Length Sand / Tubing Choke Technical Commentary Date (Boepd) EUR(1) (Ft.) Ft. Pressure (PSI) Early plug & perf…
  31. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 31
    FINANCIAL OVERVIEW DISCIPLINED FINANCIAL MANAGEMENT Return driven Flexibility through the investment cycle decisions No pro forma net Flex capital leverage(1) plans to market conditions Debt target of < 2.5x Debt/EBITDAX Grow…
  32. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 32
    APPENDIX MANAGEMENT BIOS J. A. (Alan) Townsend President & CEO o Over 40 years of industry experience with Tema since 2001 o Former President of Equitable Resources and CEO of Camelot Oil and Gas o BS and Masters in Petroleum…
  33. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 33
    APPENDIX SELECT BOARD OF DIRECTOR BIOS Gary Hanna Chairman o Over 30 years of industry experience o Former CEO and chairman of EPL Oil & Gas, Inc. prior to sale to Energy XXI in 2014 o Currently a member of the board of Aspire…
  34. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 34
    ROSEHILL OVERVIEW ROSEHILL HISTORICAL GROWTH TIMELINE 1910: 1930: 1954: 2004/2005: 2009: 2014: Amoco Founding BRT acquires Crown Standard of Indiana Rosenbergs sell most Rosenbergs sell Tema drills its first (as American Oil…
  35. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 35
    ROSEHILL OVERVIEW SHIFT TO A LIQUIDS-WEIGHTED DELAWARE BASIN COMPANY Commentary Historical Average Daily Production (Boepd) In 2012, Tema strategically moved to higher growth and higher oil percentage by focusing on the Delaware…
  36. December 2016 Investor Presentation – Rosehill Resources Inc. – slide 36
    ROSEHILL OVERVIEW EBITDAX RECONCILIATION Nine Months Ended September 30, Year Ended December 31, 2016 2015 2015 2014 Net (loss) income (9,677,931) (4,430,529) (40,948,103) 8,710,766 Financing costs 2,256,049 3,061,206…

From the store

Browse maps, data & reports in the Shale Experts store