Strategic Update Fir Tree Partners, Centerbridge Partners, and Avenue Capital (owners of 54% of shares outstanding) have recently elected to become restricted investors and are in regular dialogue with senior management and the board…
Exploiting Strong Balance Sheet to Maximize Shareholder Returns Midstates Petroleum Company, Inc. l NYSE: MPO 5
Overlooked and Underappreciated Assets Robust Reserve Value of 1.0 Billion(1) vs. Enterprise Value of 375 Million(2)(3) (4) (4) PV-10 PV-10 PV-10(4) Oil Gas NGL Total Reserve Category Strip Pricing(1) 55 / 3.25 60 / 3.50 (MMboe)…
Focus On High Return Core Mississippian Lime Midstates Petroleum Company, Inc. l NYSE: MPO 7
Premier Mississippian Lime Player High Return Core Miss Lime with Competitive Returns and a Track Record of Success Midstates is the premier operator in the Mississippian Lime, well positioned in the high-return core in Woods and…
Focus Capital in Top Tier Core Mississippian Lime 2017 Focus on Proven Area to Maximize Returns 2016 drilling program focused on opportunistically expanding Miss Lime acreage footprint and future inventory through bolt-on farm-in…
Miss Lime Well Economics Strong, Competitive Returns at Current Depressed Pricing Miss Lime IRRs(1) at Various Well Costs(2) and Prices(3) (1) Assumes MPO YE 2016 CGA PUD Type Curve (2) Includes facilities cost Midstates…
Generating Highly Attractive Returns In An Overlooked Basin Understanding Of Miss Lime Acreage Enhances Midstates Differentiated Returns Source: Simmons & Company E&P Perspectives: Well Economics For L48 Oil & Liquid Levered Regions…
Activity Level Cash Flow Profiles Zero-Rig(1) EBITDA & Cumulative One-Rig(2) EBITDA & Cumulative UFCF(4)(5) (MM) UFCF(4)(5) (MM) Two-Rig(3) EBITDA & Cumulative Currently operating a two rig drilling program to UFCF(4)(5) (MM)…
Exploring Strategic Alternatives for Anadarko Basin & NW STACK Assets Midstates Petroleum Company, Inc. l NYSE: MPO 13
Anadarko Basin & NW STACK Assets Prospective Stacked Pay in Anadarko and Northwest STACK Midstates has retained SunTrust Robinson Humphrey as financial advisor to explore strategic alternatives for the Anadarko Basin and NW STACK…
Anadarko Basin & NW STACK Drilling Activity(1) Midstates Petroleum Company, Inc. l NYSE: MPO (1) Drilling Activity from 2015 to Present 15
Midstates Anadarko Basin & NW STACK Assets Significant Stacked Pay Position 400mm EOG & Carlyle Marmaton DrillCo 6,700(1) net acre NW STACK position 77,000(1) net acres in Texas is 95% HBP Midstates Petroleum Company, Inc.…
Appendix Midstates Petroleum Company, Inc. l NYSE: MPO 17
Updated 2017 Guidance 2 Rig Program Operational CAPEX Guidance MM Production Guidance Production (Boe/d) 22,000 24,000 D,C&F 100 - 104 Infrastructure (Incl. SWD Wells) 14 - 18 Land & G&G 6 - 7 Cost Guidance per BOE Workover 10 -…
Hedged Production 0 Rigs Program Strong Hedge Position With 55% of 2017 Oil and Gas Production Hedged at Attractive Prices 0-Rigs Crude Forecasted Production vs. Hedged Production 12,000 10,000 8,000 6,000 4,000 2,000 -- Q1 2017…
Hedged Production 1 Rig Program Strong Hedge Position With 55% of 2017 Oil and Gas Production Hedged at Attractive Prices 1 Rig Forecasted Oil Production vs. Hedged Production 12,000 10,000 8,000 6,000 4,000 2,000 -- Q1…
Hedged Production 2 Rig Program Strong Hedge Position With 55% of 2017 Oil and Gas Production Hedged at Attractive Prices 2 Rig Forecasted Oil Production vs. Hedged Production 12,000 10,000 8,000 6,000 4,000 2,000 -- Q1…
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