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November 2017 Corporate Update – Rosehill Resources Inc.

Rosehill Resources Inc. · Nov 9, 2017 · 25 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 2017 Corporate Update – Rosehill Resources Inc. – slide 1
    November 2017 Update
  2. November 2017 Corporate Update – Rosehill Resources Inc. – slide 2
    ROSEHILL STRATEGY Optimize Continueimprovementstodrillingandcompletiontechniquestoimprove EUR,minimizecostsandimproveF&Dmetrics Operations Drivedowncashoperatingcostsandimprovemarginstogrowcashflow ExpandDelaware…
  3. November 2017 Corporate Update – Rosehill Resources Inc. – slide 3
    COMPANY OVERVIEW BEFORE ACQUISITION Preeminent Delaware Basin small-cap E&P company Experienced technical and operations team Proficient and knowledgeable management team Focused on shareholder returns Rosehill Resources…
  4. November 2017 Corporate Update – Rosehill Resources Inc. – slide 4
    ACQUISITION OVERVIEW Establishes second core operating area in the Delaware Basin 77.6 MM purchase price for 4,565 net acres in northwestern Pecos County, Texas and may acquire from seller an additional 4,535 net acres at the same…
  5. November 2017 Corporate Update – Rosehill Resources Inc. – slide 5
    ACQUISITION OVERVIEW Acquisition acreage is surrounded by Oxy Acquisition Leslie111 established horizontal production from the ReevesCounty Area Wolfcamp A and Wolfcamp B Wolfcamp A/B combination in the Acquisition area is similar…
  6. November 2017 Corporate Update – Rosehill Resources Inc. – slide 6
    COMBINED ROSEHILL OVERVIEW Two strong Delaware Basin core operating areas Loving County, TX and Lea County, NM Pecos and Reeves Counties, TX 9,210 net acres in the Basin and may acquire from seller an additional 4,535 net acres…
  7. November 2017 Corporate Update – Rosehill Resources Inc. – slide 7
    2017 HIGHLIGHTS AND ACCOMPLISHMENTS Producing over 7,100 barrels of oil equivalent (BOE) per day (75% oil and 88% total liquids) for the first 10 days of November, an increase of 53% over the daily average of the third quarter of 2017,…
  8. November 2017 Corporate Update – Rosehill Resources Inc. – slide 8
    PROVEN FIRST CLASS LOVING AND LEA COUNTY 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…
  9. November 2017 Corporate Update – Rosehill Resources Inc. – slide 9
    WHAT SEPARATES THE LOVING AND LEA COUNTY DELAWARE CORE FROM OTHER PLAYS Central Delaware Basin Reservoir Thickness Gross Estimated ThickestandRichestPartoftheBasin Reservoir Locations Thickness (ft) Brushy Canyon 210 27 Upper…
  10. November 2017 Corporate Update – Rosehill Resources Inc. – slide 10
    OPTIMIZING DRILLING TECHNIQUES LEADING TO REDUCTION IN COSTS DrillingAFEvs.Cost Better understanding of the acreage 4.0 2017YTD(1) and refining drilling techniques has 3.5 3.5 3.5 3.1 3.1 decreased drilling days and costs 3.2…
  11. November 2017 Corporate Update – Rosehill Resources Inc. – slide 11
    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 Completions Improving Well Performance; Gen-3 Updates…
  12. November 2017 Corporate Update – Rosehill Resources Inc. – slide 12
    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…
  13. November 2017 Corporate Update – Rosehill Resources Inc. – slide 13
    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…
  14. November 2017 Corporate Update – Rosehill Resources Inc. – slide 14
    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…
  15. November 2017 Corporate Update – Rosehill Resources Inc. – slide 15
    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…
  16. November 2017 Corporate Update – Rosehill Resources Inc. – slide 16
    FINANCIAL POSITION Revolving credit facility with 250 Capital Structure1 million commitment and maturing in Shares April 2022 Class A Common Shares 6.0 MM Class B Common Shares(2) Current borrowing base of 75.0 29.8 MM_ Series A…
  17. November 2017 Corporate Update – Rosehill Resources Inc. – slide 17
    GUIDANCE AND FORECAST SUMMARY 2017Guidance Preliminary2018Forecast(1) Original Revised Original Revised PriceAssumptionsWTI/HH 54.19/3.02 50/3.00 54.19/3.02 50/3.00 TotalCapital(MM) 91 175- 195 115 150- 200 Production(Boepd) 5,614…
  18. November 2017 Corporate Update – Rosehill Resources Inc. – slide 18
    HEDGING OVERVIEW As of September 30, 2017, the Company had the following outstanding derivative contracts: 2017 2018 2019 Flexible approach to Commodity derivative swaps hedging with both Oil: swaps and options Notional volume (Bbl)…
  19. November 2017 Corporate Update – Rosehill Resources Inc. – slide 19
    FOCUSED ON THE FUTURE Profitable Growth DrillandCompleteExisting OrganicLeasing AccretiveAcquisitions Inventoryof500+Locations(1) Conservative Financial Management MaintainStrongBalance GrowCashFlowtoSupport ExpandLiquidityand…
  20. November 2017 Corporate Update – Rosehill Resources Inc. – slide 20
    APPENDIX
  21. November 2017 Corporate Update – Rosehill Resources Inc. – slide 21
    ADJUSTED EBITDAX RECONCILIATION Three months ended Nine months ended September 30, September 30, (In thousands) 2017 2016 2017 2016 Net income (loss) (4,202) (182) (1,202) (8,136) Interest expense, net 300 210 1,274 2,256 Income tax…
  22. November 2017 Corporate Update – Rosehill Resources Inc. – slide 22
    3Q17 RESULTS OperationalHighlights(Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Revenues: (in thousands) Oil sales 11,435 6,909 36,464 16,437 Natural gas sales 1,881 1,587 5,592…
  23. November 2017 Corporate Update – Rosehill Resources Inc. – slide 23
    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…
  24. November 2017 Corporate Update – Rosehill Resources Inc. – slide 24
    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…
  25. November 2017 Corporate Update – Rosehill Resources Inc. – slide 25
    CORPORATE STRUCTURE Rosemore Inc./Tema Oil PublicStockholders PreferredStock andGasCompany ClassBCommonStock ClassACommonStock SeriesAPreferredStock 29.8MMShares 6.0MMShares 98,298Shares(notconverted)…

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