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Q1 2017 Earnings Presentation – Goodrich Petroleum Corp.

Goodrich Petroleum Corp. · May 9, 2017 · 20 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. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 1
    Management Presentation and Haynesville Shale Overview 1Q17 Earnings Call May 2017
  2. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 2
    Value and Growth Investment Opportunity with an Enhanced Balance Sheet, Very High Leverage to the Haynesville and the Ability to Rapidly Grow Volumes, Reserves and EBITDA ASSETS: Haynesville Shale, Eagle Ford Shale and TMS 20+ Year…
  3. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 3
    Capital Expenditures: Capital Expenditures of 6.2 Million Was Spent on Drilling, Completions, Capital Workovers and Facilities During the Quarter Drilled Two Operated Haynesville Wells During the Quarter Both Operated Haynesville…
  4. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 4
    SEC PROVED RESERVES (Bcfe) 350 Eagle Ford 300 250 ETX 200 150 TMS 100 NLA - 50 Haynesville 0 Total 2014 2015 2016 May 2017 5
  5. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 5
    60,000 50,000 Eagle Ford 40,000 30,000 ETX 20,000 TMS 10,000 NLA - - Haynesville 2015 2016 1Q17 Current YE17 - Total Est * * YE17 Estimate Based on Current Drilling and Completion Schedule May 2017 6
  6. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 6
    20,000 15,000 3.60 - 3.00 10,000 Collar Swap 3.01 5,000 3.20 - 2017 2018 May 2017 7
  7. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 7
    HAYNESVILLE SHALE - CORE Gross (Net) Acres (YE16): 35,000 (16,000) Proved Reserves (YE16 - SEC) 281.6 Bcfe Objective: Haynesville Shale HAYNESVILLE / BOSSIER SHALE ANGELINA RIVER TREND (ART) 3 Gross (Net) Acres (YE16): 13,000…
  8. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 8
    Greenwood- North Louisiana (Haynesville) Waskom / Total Gross/Net Acres: Metcalf/Longwood 38,000/16,000 4,650 Net Ac Average WI/NRI: 41%/30% Acreage HBP: 100% 85 total producing wells (15 Operated) Approximately 235 gross (96…
  9. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 9
    Type Log (Goodrich Petroleum, James Cook 1 Caddo Parish, Louisiana) Dark organic rich, brittle mudstone-shale with modest clay…
  10. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 10
    May 2017 11
  11. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 11
    Improving Results From Haynesville Completion Evolution Total Region Operator Well Name LL (ft) Stage Length Stages IP (MMcfpd) Prop (/ft) Proppant () NLA Operator 1 Well Number 1 10,000 90 107 41.0 5,000 50,000,000 NLA Operator 1…
  12. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 12
    Improving Results From Haynesville Completion Evolution Total Region Operator Well Name LL (ft) Stage Length Stages IP (MMcfpd) Prop (/ft) Proppant () NLA Operator 3 Well Number 1 6,870 215 32 21.9 3,683 25,302,210 NLA Operator 3…
  13. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 13
    CHK WILL 22&27&34- CHK CHK CHK CHK 15-15HC - 001-ALT CRK CHK CA 12&13-15 -15 HC CA 12&13-15 -15 HC Nguyen 5&8-15-14HC Nguyen 5&8-15-14HC IP: 34,000 Mcf/d 14 Permitted Wells 2 Permitted Wells 001-ALT 002-ALT 001-ALT 002-ALT 8,350…
  14. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 14
    Updated: Recent Haynesville 4600' Wells 100.0 Operator 4, Well Number 5 (4,749/ft Frac) Operator 4, Average Well Performance from 7 Wells (Avg. 3600/ft Frac) Operator 4 Well Type Curve (Avg 3600/ft Frac) - EUR: 13.7 Bcf Gas…
  15. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 15
    Updated: Recent Haynesville 7500' Wells 100.0 Operator 3, Well 1 (3,683/ft Frac) Operator 3, Well 2 (3,585/ft Frac) Operator 1, Well 14, (1,900/ft Frac) Operator 1, Well 15 (1,900/ft Frac) Gas production, MMcf/day Company…
  16. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 16
    Recent Haynesville 10,000' Wells 100.0 ROTC 1 (5,200/ft Frac) Operator 1, Well 8 (3,000/ft Frac) Operator 1, Well 12 (1,516/ft Frac) Company Type Curve: EUR: 25 Bcf (2.5 Bcf/1,000 ft) Gas production, MMcf/day 10.0…
  17. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 17
    Assumptions Louisiana Type Curve 4,600' Lateral Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 11.5 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.022 Adjustment 1,000 Pricing Average - NYMEX less 0.60 / MMBtu…
  18. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 18
    Assumptions Louisiana Type Curve 7,500' Lateral Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 18.75 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.022 Adjustment 1,000 Pricing Average - NYMEX less 0.60 / MMBtu…
  19. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 19
    10,000' Lateral Type Curve Assumptions Louisiana Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 25.0 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.022 Adjustment 1,000 Pricing Average - NYMEX less 0.60 / MMBtu…
  20. Q1 2017 Earnings Presentation – Goodrich Petroleum Corp. – slide 20
    Value and Growth Investment Opportunity Due to a Restructured Balance Sheet and the Ability to Rapidly Grow Volumes, Reserves and EBITDA The Haynesville Shale Economics Will Compete with the Best Basins Regardless of the Commodity…

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