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Q1 2017 Corporate Presentation – Halcon Resources Corp

Halcon Resources Corp · May 16, 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. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 1
    HALCN RESOURCES Company Presentation May 2017
  2. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 2
    Halcn Asset Overview Halcn is a Williston and Delaware Basin focused independent with a multi-year drilling inventory Williston Basin 119,300 Net Acres Total Net Acreage: (2) 155,800 570 Gross Operated Locations Future Gross…
  3. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 3
    Delaware Basin Update Pecos County Acreage Position Net Acreage: 21,495 - 75% average working interest in existing units - 44% HBP (acreage can be held by running 2 rigs) Current Production: 3,200 boe/d Ward County: - 1,000 boe/d…
  4. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 4
    Decades of Highly Economic Drilling Locations Gross Remaining Operated Locations (1) Multi-Bench Inventory (Pecos County Assets) Future drilling and upside 5,280 Near Term Drilling 75% Avg. W.I. (WCA, WCB, 1st Bone Spring) 50%…
  5. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 5
    Pecos County - Asset Overview Pecos County Acreage Position & Offset Drilling Activity Pecos County Action Plan Reeves Two rigs under contract and drilling commenced in HK Operated Rig mid-March 2017 HK Drilling Belle Alexandra 1H…
  6. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 6
    Pecos County - Development Plan Well Layout & 2017 Preliminary Drilling Plan Key Considerations Majority of long-term development planned to be 10,000 laterals Actively working to block up 1280 acre units to increase long-…
  7. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 7
    Pecos County - Offset Drilling Activity PRIOR OPERATOR POL Date EUR BOE/ft Offset Activity to Pecos County Acreage 1 CONNIE 1H 6/12/2015 110 2 BARBARA STATE 1H 9/1/2016 129 3 BERKLEY STATE EAST UNIT 1H 7/30/2015 40 4 ADRIANNA 1H…
  8. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 8
    Pecos County - Type Curves Wolfcamp A Type Well (10,000) Wolfcamp B Type Well (10,000) 1,200 1,600 Avg. EUR: 1,142 Mboe 1,400 Avg. EUR: 1,312 Mboe 1,000 Nornalized Oil Rate (Boe/d) Nornalized Oil Rate (Boe/d) Boe/ft: 114 1,200…
  9. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 9
    Ward County - Asset Overview Ward County Acreage Position and Offset Drilling Activity Ward County Acreage 15,040 total net acres Avg. W.I. 100% with NRI of 74.5% Southern Tract Option (6,720 Net Acres) Successfully tested…
  10. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 10
    Ward County - Vertical Well Results & Geology Log Results From Pilot Well Geologic Setting 1,000 feet of pay in 3rd Bone Spring and Ward County Acreage is positioned in a Deeper Part Wolf Camp of the Basin with Great Reservoir…
  11. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 11
    Ward County - Development Plan Well Layout Key Considerations 93% of drilling locations planned to be 10,000 laterals 1,280 acre units with 10,000 laterals: 10.5 640 acre units with 5,000 laterals: 2.5 Contiguous acreage footprint…
  12. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 12
    Williston Basin Property Highlights 100% of acreage is HBP Fort Berthold Area (FBIR): 30,300 net acres - 25,700 Operated (68% WI) - 4,600 Non-Operated (2% WI) - 189 remaining gross operated locations Williams County & Other:…
  13. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 13
    FBIR Type Curve Economics IRR vs. Oil Price: FBIR 300% 250% High Intensity (1,200 Mboe) type curve 200% has an IRR of 120% at strip pricing (2) IRR % 150% 100% FBIR (1,000 Mboe) type curve has an 50% IRR of 111% at strip…
  14. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 14
    Williston Basin Operations Update Q4 16 FBIR Drilling Results (16 Gross Operated Wells POL) Key Points Continued focus on operating efficiently is driving D&C Costs (MM) Estimated EUR (Mboe) improvements in results 6.2 Consistently…
  15. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 15
    2017 Guidance 2017E 2017E Production (Boe/d) Capex (MM) Total 38,000 40,000 D&C Capex (1) 300 % Oil 78% % Bakken 65% % Gas 11% % Delaware 35% % NGL 11% Infrastructure, Seismic 30 and Other Capex Operated Rig Count Operating…
  16. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 16
    Pro Forma Capitalization Highlights Pro Forma Capitalization Assumed Simple capital structure Exercise of the Face Value Actual HK Ward County Adjusted Reasonable leverage Capitalization (MM) 3/31/2017 Option HK Strong liquidity…
  17. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 17
    Appendix
  18. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 18
    Pecos County Assets Geology Compelling Geological Setting with Significant Upside 15 Miles NW SE Wolfcamp A&B Gross Isopach Over 2,700 of Oil Saturated Interval NW Avalon 1st Bone Spring 2nd Bone Spring Datum: Top 3rd…
  19. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 19
    Valuable Infrastructure Assets Already in Place in Pecos County Overview Locator Map Significant infrastructure in place, including a water handling and recycling system, fresh water wells and SWD options Recently constructed…
  20. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 20
    Williston Basin Fort Berthold Depth of Inventory in FBIR Avg. Avg. North FBIR Wells / DSUs Remaining Gross Operated Locations Estimated EUR DSU (Mboe) (4) 4/15/17 (2) (3) 60 WTI 80 WTI Strip (1) North FBIR 14 10 69 69 69…
  21. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 21
    Williston Basin Williams County Depth of Inventory in Williams County Avg. Avg. Estimated Wells / DSUs Remaining Gross Operated Locations EUR DSU (Mboe) (4) 4/15/17 (2) (3) 60 WTI 80 WTI Strip (1) Tier 1 4-7 33 127 127 127…
  22. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 22
    Williams County Type Curve Economics IRR vs. Oil Price: Williams County 140% 120% High Intensity (800 Mboe) type curve has 100% an IRR of 45% at strip pricing (2) 80% IRR % 60% 40% Tier 1 (600 Mboe) type curve has an IRR…
  23. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 23
    Derivative Detail Crude Oil (Bbl/d, /Bbl) Q2 '17 Q3 '17 Q4 '17 FY 2017(3) Q1 '18 Q2 '18 Q3 '18 Q4 '18 FY 2018 Costless Collars (Bbl/d) 19,420 21,250 21,250 20,645 5,000 5,000 5,000 5,000 5,000 Ceiling (1) 58.63 58.40 58.40 58.47…
  24. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 24
    Halcn Ownership Ownership Summary Basic Shares Basic Shares Employees Net Fully Fully Diluted (1) Holder Outstanding % Ownership Warrants Options (2) Diluted Diluted % Ownership Other Common Equity Holders 145,177,691 97.4% 4,736,842…
  25. Q1 2017 Corporate Presentation – Halcon Resources Corp – slide 25
    Contact Information Quentin Hicks SVP Finance and Investor Relations 832.538.0557 qhickshalconresources.com

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