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November 2014 Corporate Presentation – Sanchez Energy Corp

Sanchez Energy Corp · Nov 12, 2014 · 21 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. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 1
    Results Driven. Manufacturing Focused. Corporate Presentation November 2014 www.sanchezenergycorp.com
  2. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 2
    Sanchez Energy Overview Market Cap (1) 1,285 MM (1) Enterprise Value 2,440 MM Eagle Ford Shale Net Acreage: 226,000 acres 1P Reserves: 125 MMBoe (2) Positioned to thrive in a period of volatile 3Q14 Average Production: 39,000 Boe/d…
  3. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 3
    Eagle Ford Shale Position SN Eagle Ford Position Summary Net Acres 226,000 3Q14 Average Production (Boe/d) 39,000 Operated Rigs Non-Operated Rigs Gross Producing Wells 458 Hausser Wycross Talbutt Trust Alexander…
  4. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 4
    Transformational Growth At IPO Today (12/31/11) (9/30/14) Production 609 Boe/d 64x 39,000 Boe/d 6.7 MMBoe 19x 125 MMBoe (1) Proved Reserves 14% PD 46% PD PV-10 152 million 14x 2,082 million (1) LTM Revenue 15 million 59x…
  5. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 5
    Delivering Strong Results Reserves by Product Mix (9/30/14) (1) Production (Boe/d) 150 40,000 PD PUD 125 125 117 30,000 100 56% 54% MMBoe 75 20,000 59 50 43 58% 10,000 70% 46% 25 21 44% 15 7 82% 42% 0 86% 91% 30% 0…
  6. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 6
    Capital Expenditure & Production Guidance Reflecting the downturn in oil prices, SN has revised its preliminary 2015 capital plan range downwards to 850 900 million, a reduction of 250 300 million from the previous guidances midpoint…
  7. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 7
    Tailored Programs Enhancing Returns Buda open hole lateral development Longer laterals, higher proppant Down spacing UEF standalone, load trials pilots, UEF/Buda UEF/LEF tests stacking overlap Longer laterals, down…
  8. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 8
    Stacked Lateral Potential Palmetto Catarina Wycross Marquis La Salle Cotulla Cotulla Upper Eagle Ford Lower Eagle Ford Target 1 Lower Eagle Ford Target 2 Buda 10 Development Appraisal 2014 Sanchez…
  9. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 9
    Manufacturing Process Drives Capital Efficiency Multi-Well Pad Field Development Appraisal Well + Zipper Frac Savings and Well Design Savings SN Competitive Advantage 14.0 12.0 10.0 8.0 MM 6.0 12.9 4.0 9.5 7.3 2.0…
  10. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 10
    Track Record of Reducing Capital Prost Well Cost Reductions 7 MM Well 8 MM Well 9 MM Well 80% 60% IRR 40% 20% 0% 80 90 100 Oil Price / Bbl Alexander Rach Well Cost Reductions 5 MM Well 6 MM Well Drilling…
  11. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 11
    Low Cost Operator With Sustained Cost Reductions Total Cash Operating Cost Including Interest & Preferred Dividends (/Boe) Interest & Preferred Dividends Taxes LOE Cash G&A 45.06 41.46 4.78 4.72 9.37 31.40 30.83 4.53 27.25…
  12. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 12
    Catarina Overview Western Catarina (43,000 net acres) PUD Locations only in Western Catarina Partially developed; excellent offset operator results Eastern 200 LEF drilling locations Catarina 71 Proven UEF locations; 180 potential…
  13. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 13
    Initial Catarina Well Results These wells were drilled by the previous operator in the Upper Eagle Ford and completed by SN Initial pad average IP 70% higher than the previous operators average wells SN is using a much lighter gel…
  14. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 14
    Cotulla Overview Hausser Wycross Talbutt Trust Wright Ranch Alexander Ranch Cotulla Acreage & Inventory Wycross Well Economics Alexander R. Well Economics Total Net Acres 41,000 EURs (MBoe) 500 EURs (MBoe) 450 Average…
  15. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 15
    Marquis & Palmetto Overview Marquis Palmetto Marquis Acreage & Inventory Prost / Moulton Well Economics Palmetto Acreage & Inventory Total Net Acres 71,000 EURs (MBoe) 450 Total Net Acres 9,000 Average Working Interest 100% D&C…
  16. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 16
    TMS Acreage Position and Activity 61,000 net acre position in the core of the TMS Contiguous blocky acreage with 3+ years of average remaining lease term St. Davis Unit 1H in Amite County, Mississippi is undergoing completion and…
  17. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 17
    Capitalization 3Q14 liquidity of 896 million 3Q14 Capitalization Table & Liquidity (MM) As of 596 million in cash 9/30/14 362.5 million borrowing base with an Cash and Equivalents 596 elected commitment of 300 million and Revolving…
  18. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 18
    Hedge Summary Hedging program protects cash flow, development, and capital spend 45% of anticipated total 2015 production hedged at the mid-point of production guidance range Hedging revenue objectives based on 90 oil pricing and 4 gas…
  19. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 19
    Capitalization Summary Revolving credit facility (due 2018) 362.5 MM borrowing base with an elected commitment of 300 million and an interest rate of LIBOR + 1.50% - 2.50% Restrictive covenant: Net Debt < 4.0x TTM EBITDA 600 MM of…
  20. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 20
    Summary Investment Highlights Deep inventory of high-return, low risk locations underpins growth 2,800+ net drilling locations across 226,000 net acres in the Eagle Ford 2015 production guidance midpoint: 50,000 Boe/d Operational…
  21. November 2014 Corporate Presentation – Sanchez Energy Corp – slide 21
    NonGAAP Reconciliation and Measures Reconciliation of Net Income (Loss) To Reconciliation of PV-10 To Adjusted EBITDA (M) Standardized Measure (MM) Pro Forma Actual LTM Ended LTM Ended As of As of 9/30/14 12/31/11 9/30/14 12/31/11…

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