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Johnson Rice 2017 Energy Conference – Rosehill Resources Inc.

Rosehill Resources Inc. · Sep 27, 2017 · 23 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. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 1
    Johnson Rice & Company 2017 Energy Conference September 27, 2017
  2. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 2
    ROSEHILL COMBINES TWO COMPANIES WITH COMPLEMENTARY VISIONS Preeminent Delaware Basin small-cap E&P company Experienced technical and operations team Proficient and knowledgeable management team Focused on shareholder returns…
  3. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 3
    ROSEHILL STRATEGY Optimize Continueimprovementstodrillingandcompletiontechniquestoimprove EUR,minimizecostsandimproveF&Dmetrics Operations Drivedowncashoperatingcostsandimprovemarginstogrowcashflow ExpandDelaware…
  4. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 4
    2017 HIGHLIGHTS AND ACCOMPLISHMENTS Generated net income of 4.0 million and adjusted EBITDAX of 21.1 million in 1H2017 Spud 12 wells in 1H2017 with 11 wells drilled and uncompleted (DUCs) Averaged 5,343 BOEPD in 1H2017, with only…
  5. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 5
    WHAT SEPARATES THE DELAWARE CORE FROM OTHER PLAYS Central Delaware Basin Reservoir Thickness Gross Estimated ThickestandRichestPartoftheBasin Reservoir Locations Thickness (ft) Brushy Canyon 210 27 Upper Avalon 325 13 Lower…
  6. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 6
    PROVEN FIRST CLASS ACREAGE Compelling Area Results Significant number of EOG State Magellan 13H Peak Rate: 1,746 Boepd EOG State Magellan 15H Peak Rate: 1,619 Boepd Chevron Mooses Tooth 1H Peak Rate: 592 Boepd Endurance Yates…
  7. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 7
    OPTIMIZING DRILLING TECHNIQUES LEADING TO REDUCTION IN COSTS DrillingAFEvs.Cost Better understanding of the acreage 4.0 2017YTD(1) and refining drilling techniques has 3.48 3.5 3.46 3.13 3.14 decreased drilling days and costs…
  8. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 8
    PERFORMANCE EXCEEDING TYPE CURVE Gen-1 Completions Gen-2 Completions Gen-1Wolfcamp A 710 Gross MBoe Type Curve(1) Gen-2 Lower Wolfcamp A 830 Gross MBoe Type Curve Enhanced Completion Techniques Have Significantly Improved Well…
  9. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 9
    REFINING COMPLETION TECHNIQUES Gen-1 Completions Gen-2 Completions Gen-3 Completions Leveraging service company Internal engineering optimization using Completion Early designs, ramping up learning knowledge to improve designs and…
  10. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 10
    UNDEVELOPED LOCATION INVENTORY Ten Benches of Stacked Pay Gross Drilling Inventory by County Base Case Spacing Pattern Down-Spaced Pattern 70 Initial Development = 50 Wells per Square Mile = 66 Wells per Square Mile 60 Loving Lea…
  11. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 11
    INDICATIVE WELL ECONOMICS & HORIZONTAL DEVELOPMENT PLAN Commentary Type Curve Economics(2) Currently, Rosehill is running 2 rigs and 1 frac spread 3rd Bone Spring Sand Wolfcamp A (X,Y) Lower Wolfcamp A Locations Gross Locations…
  12. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 12
    RESERVE PROFILE December 31, 2016 Reserves (SEC Pricing) Net Oil Net Gas Net NGL Net Equiv. PV10(1) (Mbbls) (MMcf) (Mbbls) (MBoe) (MM) PDP 2,869 8,070 1,365 5,579 56 PDN 198 2,504 437 1,053 4 PUD 4,288 6,781 1,183 6,602 21 Total…
  13. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 13
    FINANCIAL FORECAST Average Daily Production (Boepd) Adjusted EBITDAX (MM)(2) YOYGrowth%(1) 12,000 14,500 Avg.WTI(/Bbl)(1) 120- 140 126% 5,700 5,900 45- 60 3,734 55% 15 50.00 50.00 20% 42.75 2016A 2017E 2018E 2016A 2017E…
  14. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 14
    FINANCIAL POSITION Revolving credit facility with 250 Capital Structure1 million commitment and maturing in Shares April 2022 Class A Common Shares 5.9 MM Current borrowing base of 55.0 Class B Common Shares 29.8 MM_ Series A…
  15. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 15
    GUIDANCE AND FORECAST SUMMARY 2017Guidance Preliminary2018Forecast Original Revised Original Revised PriceAssumptionsWTI/HH 54.19/3.02 50/3.00 54.19/3.02 50/3.00 TotalCapital(MM) 91 135- 155 115 150- 200 Production(Boepd) 5,614…
  16. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 16
    HEDGING OVERVIEW Three Months Ended NYMEX WTI Crude Swaps: 9/30/2017 12/31/2017 3/31/2018 6/30/2018 Flexible approach to Notional volume (Bbl) 57,000 96,000 75,000 15,000 hedging with both Weighted average fixed price (/Bbl) 54.29…
  17. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 17
    FOCUSED ON THE FUTURE Profitable Growth DrillandCompleteExisting OrganicLeasing AccretiveAcquisitions Inventoryof250+Locations Conservative Financial Management MaintainStrongBalance GrowCashFlowtoSupport ExpandLiquidityand…
  18. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 18
    APPENDIX
  19. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 19
    ADJUSTED EBITDAX RECONCILIATION Three months ended June 30, Six months ended June 30, - thousands 2017 2016 2017 2016 2017 Guidance 2018 Forecast Net income (loss) (1,414) (3,015) 3,000 (7,954) 4,342 - 13,642 25,000 - 33,500 Interest…
  20. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 20
    2Q17 RESULTS ProductionandOperatingData Thre e Months Six Months Ende d June 30, Ende d June 30, 2017 2016 2017 2016 Re ve nue s (in thousands): Oil sales 11,246 6,430 25,029 9,528 Natural gas sales 1,817 1,159 3,711 2,064 NGL…
  21. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 21
    MANAGEMENT BIOS J. A. (Alan) Townsend President & CEO o Over 44 years of industry experience with Tema since 2001 o Former President of Equitable Resources and CEO of Camelot Oil and Gas o BS and Masters in Petroleum Engineering from…
  22. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 22
    BOARD OF DIRECTOR BIOS Gary Hanna Chairman o Over 30 years of industry experience o Former CEO and chairman of EPL Oil & Gas, Inc. prior to sale to Energy XXI in 2014 o Currently a member of the board of Aspire Holdings Corp. Ed…
  23. Johnson Rice 2017 Energy Conference – Rosehill Resources Inc. – slide 23
    CORPORATE STRUCTURE Rosemore Inc./Tema Oil PublicStockholders PreferredStock andGasCompany ClassBCommonStock ClassACommonStock SeriesAPreferredStock 29.8MMShares 5.9MMShares 96,000Shares RosehillResources,Inc.…

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