Corporate Presentation June 2017 RBC Global Energy & Power Executive Conference NYSE MKT: SRCI
Company Overview 60,000 net acres in the greater Wattenberg area Proved Reserves (1) 100,000 93,352 Contiguous nature of acreage provides ability to drill longer 90,000 PDP laterals with enhanced economics PUD 17,863 80,000…
2017 Outlook 2017 Development Plan Mid Length Lateral Drill 36 (gross) LL laterals, 74 (gross) ML laterals Effective length: 7,500 and 6 (gross) SL laterals Drill & Complete*: 3.75 mm Complete 9 (gross) XL laterals, 13 (gross) LL, 78…
Gas/Oil Ratio Map 1,200 gross ML and LL drilling locations identified Greeley Crescent Development Area Hood Fagerberg Beebe Leffler Goetzel Wiedeman Bestway Orr & Orr State Evans Williams Kawata SRC Energy…
Current D&C Operations Standard 12 Well Pad Configuration Drilling Niobrara A ML ML ML Leffler Pad: 12 (10 Net) LL wells Niobrara B ML ML ML drilling Niobrara C ML ML ML Beebe Pad: 12 (9 Net) ML wells Codell ML ML ML drilling…
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 31.55 500.0 20…
Midstream & Marketing DCP Midstream Gas Gathering & Processing Investments Fagerberg Phase 2 is in progress and aligns with SRC Energys development plan Hood Leffler Additional bypass, compression & Goetzel Beebe processing…
Corporate Summary Pure play with concentrated acreage position Maintaining a strong balance sheet March 31, 2017 total liquidity of 243 million Cash of 33 million 210 million available on undrawn revolver 2017 development plan to…
APPENDIX www.srcenergy.com 10
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.…
Hedging Summary as of May 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) May 1 to December 31,…
Adjusted EBITDA Reconciliation SRC ENERGY INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) Three months ended 3/31/2017 3/31/2016 Adjusted EBITDA Net Income (loss) 19,880 (51,401) Add back:…
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