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July 2017 Emergence Presentation – Amplify Energy Corp.

Amplify Energy Corp. · Jul 19, 2017 · 43 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. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 1
    Amplify Energy Corp. Emergence Presentation July 19, 2017
  2. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 2
    Amplify Energy Today Amplify successfully completed its financial restructuring on May 4, 2017 Asset Map & Highlights Improved Balance Sheet 1.4 billion reduction in debt: Pro forma net debt of 400 million under a 485 million…
  3. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 3
    Amplify Portfolio Overview 1 East Texas / North Louisiana 2 Rockies CO2 Montana South Net Acres 110,000 (1) Net Acres 7,000 Wyoming Dakota Amplify Leasehold Marion Average WI % 87% (1) Wood Upshur Average WI % 100% Webster…
  4. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 4
    Current Trading Levels Offer Attractive Valuation Key Points 1P Reserve Summary (1) 1P reserve value at NYMEX strip pricing Gas Oil NGL Net Total % PD PV-10 + PUD PV-15 ( MM) is significantly in excess of Amplifys Category (2)…
  5. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 5
    Amplify Strategy Focused, Growth Oriented E&P Company Post emergence, Company is transitioning to be a growth-oriented C-Corp, focused on becoming a leading, low-cost operator Transition to a Growth- Remainder of 2017 capital budget…
  6. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 6
    Significant Resource & Stacked Pay Potential in Core ETX / NLA Asset 250 gross operated locations identified in the Cotton Valley B, Cotton Valley C and Haynesville Shale across Amplifys position Opportunity for multiple additional…
  7. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 7
    2017 Capital Budget Focused on East Texas Growth Key Points Asset 2017 Capex % of Total Commentary Amplifys 2017 drilling & completion budget 1 Drill and complete 7 wells (6 CV / 1 HSVL) East Texas 49.2 MM 66% contemplates 7 gross…
  8. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 8
    Long-Life, Shallow Decline PD Reserve Base Key Points (1) Comparable Companies PD R/P (Years) (1)(2) Amplifys mature production base has a proved developed reserve 9.7 to production life (PD R/P) of approximately 10 years 7.3…
  9. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 9
    Significant Cost Structure Improvements Key Points Cost Structure Improvements Position Amplify to be a Leading, Low Cost Operator 60 3.00 Comprehensive, company-wide cost reduction program initiated Amplify Historical LOE since…
  10. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 10
    Experienced Management Team Name Position Prior Experience Years in Industry William Scarff CEO and President 35+ Christopher Cooper COO 27+ Robert Stillwell, Jr. CFO 15+ David Beck VP Land 40+ Bruce Berwager VP Operations,…
  11. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 11
    Active Commodity Hedge Portfolio to Limit Commodity Price Risk Hedged Swap Volumes Hedged Collar Volumes Weighted Avg. Price Key Points Amplify is well hedged through 2018 with hedge Oil Hedge Positions volumes covering 50% of PDP…
  12. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 12
    Strong Balance Sheet Provides Financial Flexibility Key Points Amplify Pro Forma Capitalization (MM) Reduced total debt by 1.4 B and annual Amplify Energy Pro Forma Capitalization interest expense by 90 MM, since Sept. 2016…
  13. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 13
    Amplify Energy Highlights 1 Diversified, stable production base with significant development upside in East Texas 2 250 gross operated locations in the highly economic Cotton Valley and Haynesville Shale 3 Advanced completion…
  14. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 14
    East Texas / North Louisiana
  15. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 15
    Overview of East Texas / North Louisiana Core Growth Asset Enhanced completion designs in the Cotton Valley and Haynesville Shale have re-rated Asset Map drilling economics; higher proppant loading and tighter stage spacing have…
  16. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 16
    East Texas / North Louisiana Asset Summary Louisiana Key Points Texas Net Acres (CV): 110,000 acres Average WI: 87% Wood Marion Upshur Net Acres (HSVL): 25,500 acres Average WI: 69% Webster Net Production: 114.2 MMcfe/d…
  17. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 17
    Near Term Development Plan Key Points Near Term Development Plan Amplifys 2017 development plan consists of 7 gross wells (6 Cotton Valley wells, 1 Haynesville well) Harrison Texas Louisiana 3 2017 development plan assumes 1…
  18. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 18
    Accelerating Activity Across East Texas / North Louisiana Key Points Activity in ETX / NLA has accelerated significantly with the transition to advanced completions and longer laterals Incumbents such as Chesapeake, Covey Park,…
  19. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 19
    Optimized Completions in the Cotton Valley Key Points Cotton Valley Completions Optimization Cumulative Gas (MMcf) (1)(2) Significant improvements in well performance are being realized from 5,000 Cumulative Gas (MMcf) larger…
  20. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 20
    Illustrative Cotton Valley Economics Single Well Gas Production Profile 6,000 LL (Mcf/d) Texas Louisiana WH EUR IP 30 Panola Oil 66 MBbl 58 Bbl/d 10,000 Gas 13.9 Bcf 9.8 MMcf/d Joaquin Field De Soto 1,000 Shelby 100…
  21. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 21
    Optimized Completions in the Haynesville Key Points ETX Optimized Completion Normalized Cum Gas (MMcf) (2) Offset operators have shown material improvement in well performance Cum. Gas Production (MMcf) 7,000 Generation High…
  22. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 22
    Illustrative Haynesville Economics Single Well Gas Production Profile 7,500 LL (Mcf/d) Texas Louisiana WH EUR IP 30 Panola Oil NA NA 10,000 Gas 17.7 Bcf 20.6 MMcf/d Joaquin Field De Soto 1,000 Shelby 100 0 20 40 60…
  23. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 23
    Proximity to Market Superior Realized Pricing Key Points Historical Differentials to NYMEX ETX / NLA Basin benefits from close proximity to Henry Hub, LNG Amplify Realized Amplify Price Dominion South Perryville Louisiana Leidy…
  24. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 24
    Strong Recent Valuations Across ETX / NLA Basin Key Points Selected Precedent Transactions Significant A&D activity across the ETX / NLA Basin in the last 2 years Morris Cass Texas Louisiana Approximately 4.0 billion in major…
  25. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 25
    East Texas / North Louisiana Reserves Summary Key Points 1P Reserve Summary (1) PD reserve base of 310 Bcfe with Gas Oil NGL Net Total % PV-10 ( MM) (1)(2) 285 MM in PV-10 cash flows and 1P Category PV-10 cash flows of:(1)(2) (Bcf)…
  26. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 26
    Rockies CO2
  27. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 27
    Overview of the Rockies CO2 Asset Long Life, Low Decline Oil Oil-rich asset with extremely low decline and long reserve life Asset Map Amplifys asset is situated in Sweetwater and Carbon County Wyoming Amplify Leasehold located in…
  28. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 28
    Rockies CO2 Asset Overview Key Points Locator Map Net Acres: 7,000 acres WI%: 100% HBP%: 100% Carbon County Net Production: 4.4 MBoe/d (1) PD PV-10: 169 MM (2)(3) Fremont County Lost Soldier Field PD Reserves: 29 MMBoe…
  29. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 29
    Renewed Interest in Low Decline, Low Capital Intensity EOR Assets (1) Key Points Value Production A&D activity for long-life EOR assets Date Buyer Seller Region (MM) (MBoe/d) (/Boepd) has picked up recently Over 2.0 billion in…
  30. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 30
    Rockies CO2 Reserves Summary Key Points 1P Reserve Summary (1) PD reserves of 29 MMBoe with Gas Oil NGL Net Total % PV-10 ( MM) (1)(2) 169 MM in PV-10 cash flows (1)(2) Category (Bcf) (MMBbl) (MMBbl) (MMBoe) Liquids NYMEX 55 / 3.50…
  31. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 31
    California Beta Field
  32. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 32
    Overview of the California Beta Asset Long Life Oil with Upside Located 11 miles offshore the Port of Long Beach Asset Map Platforms located in federal waters with limited exposure to state regulations Significant original oil in…
  33. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 33
    California Beta Field Asset Overview Beta Field Locator Map Net Acres: 17,000 acres WI %: 100% HBP %: 100% Net Production: 4.0 MBoe/d (1) PD PV-10: 174 MM (2)(3) PD Reserves: 18 MMBoe (2) Crude Oil: 100% PD R/P: 12 years (1)…
  34. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 34
    Recent Well Result Confirm Beta Field Economics Key Points A36 ST-1 Gross Production Profile Amplify drilled the A36 ST-1 well in April 2015 Oil (MBo/d) Gas (MBoe/d) A36 ST-1 well is the most recent Beta Field 1,400 well drilled,…
  35. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 35
    California Beta Field Reserves Summary Key Points 1P Reserve Summary (1) PD reserves of 18 MMBoe with Gas Oil NGL Net Total % PV-10 ( MM) (1)(2) 174 MM in PV-10 cash flows (1)(2) Category (Bcf) (MMBbl) (MMBbl) (MMBoe) Liquids NYMEX…
  36. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 36
    Eagle Ford / South Texas
  37. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 37
    Overview of the Eagle Ford Asset Core Non-Op Position Amplify non-op position located in the heart of the oil window in Karnes County Asset Map offset to recent M&A transactions that have transacted at 100,000 / acre Thick, stacked…
  38. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 38
    Eagle Ford Asset Overview Key Points Locator Map Net Acres: 750 acres WI %: 5% HBP %: 100% Net Production: 1,350 Boe/d (1) PD PV-10: 26 MM (2)(3) PD Reserves: 2 MMBoe (2) Liquids: 90% PD R/P: 4 years (1) 100% Non-Op position,…
  39. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 39
    Significant Resource and Stacked Pay Across Amplify Position Key Points Type Log and Horizon Overview Multiple stacked development targets across Amplifys acreage: Type Log: Jog 1H Austin Chalk TVD: 9,600-11,100 Upper Eagle…
  40. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 40
    Eagle Ford and Austin Chalk Activity Map Texas Gonzale Austin Chalk (1) Amplify s Well Name Operator Lateral (ft) IP-30 (Bo/d) IP-30 (Boe/d) Prop (lbs/ft) Prod. Date AC Wells DeWitt 1 JOG Unit A-1H (2) Murphy 4,890 1,352 1,642 2,213…
  41. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 41
    Overview of the South Texas Asset Low Decline Gas Asset Demonstrated well control throughout the area Asset Map Shallow decline with low reinvestment rate Goliad Established fields with low-risk recompletion and behind pipe…
  42. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 42
    Amplify STX Conventional: Asset Overview Key Points Locator Map Net Acres: 98,000 acres HBP: 96% Net Production: 16.2 MMcfe/d (1) PD PV-10: 36 MM (2)(3) PD Reserves: 66 Bcfe (2) Natural Gas: 82% PD R/P: 11 years (1)…
  43. July 2017 Emergence Presentation – Amplify Energy Corp. – slide 43
    Amplify Board of Directors Chairman of the Board of Directors of Amplify Managing Director, Co-head of Restructuring and Partner on the Investment Team at Fir Tree Partners David Proman Member of New Emerald Energy Board and member of…

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