Skip to main content Company Update – Midstates Petroleum Investor Presentation | Shale Experts
Loading...
Pm

Company Update – Midstates Petroleum

Midstates Petroleum · Dec 31, 2013 · 18 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. Company Update – Midstates Petroleum – slide 1
    Investor Relations Contacts: ------------------------------------- Danielle Burkhart Vice President, Investor Relations (713) 595-9409 Danielle.Burkhartmidstatespetroleum.com ------------------------------------- Al Petrie Investor…
  2. Company Update – Midstates Petroleum – slide 2
    Company Overview Proved Reserves (1) Mississippian Lime (2) 112MMBOE 38.7 MMBoe Proved Reserves 95,900 acres Anadarko 36.5 MMBoe Proved Reserves 135,300 acres PV-10% 2.0 Billion Gulf Coast 36.8 MMBoe Proved Reserves…
  3. Company Update – Midstates Petroleum – slide 3
    Company Strategy Actively manage and allocate capital to the highest return, most predictable projects Investment Portfolio Focus on oil rich programs High degree of operational control Focus on operating and capital cost control…
  4. Company Update – Midstates Petroleum – slide 4
    Anadarko Basin: Overview Position 135,300 net acres (60% held by production) with 89,200 acres in Northeast Texas Panhandle and 46,100 acres in Western Oklahoma Interest Operate 78% of 300 producing horizontal wells 65% avg. WI…
  5. Company Update – Midstates Petroleum – slide 5
    Anadarko Basin: Key Highlights Production Net Production (Boe/d) 3Q 2013 Production: 8,404 Boe/d Current Production 9,100 Boe/d(1) Current Development Operations 5 operated drilling rigs 3-4 focused on Cleveland 1-2 targeting the…
  6. Company Update – Midstates Petroleum – slide 6
    Anadarko Basin: Performance Herndon D 489-3H IP Date: 9/15/13 Corky 913-2HM IP Peak 30: 690 Boe/d IP Date: 9/05/13 Huey 518-1H IP Peak 30: 413 Boe/d IP Date: 9/3/13 IP Peak 30: 548 Boe/d Moses 519-4H IP Date: 8/21/13 Herndon A…
  7. Company Update – Midstates Petroleum – slide 7
    Anadarko Basin: Multiple Target Formations DOUGLAS TONKAWA MISSOURIAN COTTAGE GROVE CLEVELAND MARMATON MARMATON BIG LIME OSWEGO DES MOINES PRUE SKINNER RED FORK BARTLESVILLE www.midstatespetroleum.com NYSE: MPO 9
  8. Company Update – Midstates Petroleum – slide 8
    Mississippian Lime Asset: Overview Position 82,700 net acres in the Mississippian Lime in Woods & Alfalfa counties Oklahoma (1) Interest Operate 84% of 200 producing wells 73% avg. WI and 56% NRI Product Mix and Pricing 40%…
  9. Company Update – Midstates Petroleum – slide 9
    Mississippian Lime Asset: Key Highlights Production 3Q 2013: Production 14,364 Boe/d Net Production (Boe/d) Current Production 18,800 Boe/d(1) Doubled production from Q4 12 to Q3 13 120 wells producing from the Miss Lime thru Q3 13…
  10. Company Update – Midstates Petroleum – slide 10
    Mississippian Lime: Performance Through November 2013, Midstates has 118 wells that have been on production for 30+ days Average peak 30-day rate for all 118 wells is 568 Boe/d 52 wells had 30-day rate in excess of 500 Boe/d 14 wells…
  11. Company Update – Midstates Petroleum – slide 11
    Gulf Coast: Overview Position 60,000 net acres as of September 30, 2013 plus 53,110 net acres under option Interest Operate 96% of 170 producing wells 98% avg. WI and 75% NRI Product Mix and Pricing 66% Oil, 17% NGL, & 17% Gas…
  12. Company Update – Midstates Petroleum – slide 12
    Gulf Coast Key Highlights Louisiana Wilcox Horizontal Strategy North Cowards Gully 20 to 25 total field locations targeting the Upper Wilcox B Sand 5 horizontal wells drilled show that the Wilcox is productive using horizontal wells…
  13. Company Update – Midstates Petroleum – slide 13
    Financial Position Overview Achieve strong operating margins Allocate capital to maximize economic benefit across portfolio Rate of return focused on projects / areas millions Positioned with adequate liquidity Revolver increased…
  14. Company Update – Midstates Petroleum – slide 14
    Capital Investment Plans 2013 Capital Program 2013E Capital Expenditures(2) Guidance: 550 to 575 million 60% Miss Lime, 25% Gulf Coast, and 15% Anadarko(1) Excludes Capitalized Interest(2) 10 rigs running in 4Q 2013 Five in the…
  15. Company Update – Midstates Petroleum – slide 15
    Investment Highlights Attractive Oil/Liquids-Weighted Assets Pro Forma Reserves: 48% Oil & 20% NGLs Multi-Play Diversification Mississippian Lime Anadarko Basin Louisiana / Upper Gulf Coast Significant Growth Opportunity Pro…
  16. Company Update – Midstates Petroleum – slide 16
    Appendix 18
  17. Company Update – Midstates Petroleum – slide 17
    Hedging Summary (as of November 13, 2013) 2013 Q4 2014 2015 Oil WTI Swaps Volume (Bbls) 1,086,120 4,344,450 1,820,000 Volume (Bbl/d) 11,806 11,903 4,986 Price (/Bbl) 94.32 88.76 86.55 WTI Collars Volume (Bbls) 50,751 164,400…
  18. Company Update – Midstates Petroleum – slide 18
    Guidance (as of November 13, 2013) Q4 2013 FULL YEAR 2013 Daily Production (boe/day)(1) 31,500 - 32,500 (1) 24,000 - 24,250 (1) Miss+ Anadarko LA Miss+ Anadarko LA By Area 55% 30% 15% By Area 50-55% 23-25% 22-25% Oil 35-40% 45-50%…

From the store

Browse maps, data & reports in the Shale Experts store