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February 2018 Investor Presentation – Halcon Resources Corp

Halcon Resources Corp · Feb 6, 2018 · 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. February 2018 Investor Presentation – Halcon Resources Corp – slide 1
    Halcn Resources Investor Presentation February 6, 2018
  2. February 2018 Investor Presentation – Halcon Resources Corp – slide 2
    Pro Forma Halcn Resources Overview Over the past twelve months, Halcn has built a premier 67,000 acre position in the Delaware Basin for 17,796/net acre (1) Delaware Basin Overview Total Company Acreage Position Monument Draw (Ward…
  3. February 2018 Investor Presentation – Halcon Resources Corp – slide 3
    Investment Highlights 67,000 net acres in the oily window of the Delaware Basin (70%+ oil) Significant Inventory Over 2,000 gross operated locations with an average lateral length of 9,500 ft. Manageable HBP requirements…
  4. February 2018 Investor Presentation – Halcon Resources Corp – slide 4
    Recent Ward County Acquisitions Acquisitions Overview Ward County Acreage Position Three transactions for 381 MM in cash consideration: West Quito Draw 10,524 net acres Current production of 1,100 boe/d 91% operated / 47% HBP /…
  5. February 2018 Investor Presentation – Halcon Resources Corp – slide 5
    West Quito Draw Ward County Acreage and Drilling Activity Type Log Univ 1928 1 OOIP / Section 1st BS 58 MMstb 100 2nd BS MMstb 3,500 ft. of pay across 57 3rd BS multiple MMstb target zones 18 Acreage…
  6. February 2018 Investor Presentation – Halcon Resources Corp – slide 6
    HKs Avg. Purchase Price of 17,796/acre Is Significantly Below the Average Price of 32,000/acre Paid for Other S. Delaware Basin Transactions Select Southern Delaware Transactions (1) / Adjusted Net Acre (1)(2) OXY / J. Cleo…
  7. February 2018 Investor Presentation – Halcon Resources Corp – slide 7
    Growth Plan Q4 17 to Q4 18 Estimated Production (Boe/d) Annual Estimated Production (Boe/d) (2) 23,000 30,000 + 75% 335% 17,000 300% 5,300 4,200 (1) (1) (2) Q4 2017 PF Q4 2018E 2017 PF 2018E 2019E(3) Note:…
  8. February 2018 Investor Presentation – Halcon Resources Corp – slide 8
    2018 Drilling Plan 2018 Drilling Plan Highlights Projected Gross Operated Wells Put Online By Quarter(1) Drilling plan focused on: Generating strong and efficient growth 6 6 Delineating acreage Confirming new targets…
  9. February 2018 Investor Presentation – Halcon Resources Corp – slide 9
    Multiple Targets Across All Acreage Monument Draw Type Log West Quito Draw Type Log Hackberry Draw Type Log 3,600 1st & 2nd BS 2,630 Shale Top Seal 3,520 3rd BS Shale 3rd BS Sand Deep Woodford Deep…
  10. February 2018 Investor Presentation – Halcon Resources Corp – slide 10
    Decades of Drilling Inventory Gross Remaining Operated Locations (1)(2) Derisked base case drilling inventory Additional targets 1,008 50 2,183 201 117 440 1,175 187 180 2 WC Zones 3rd BS 2 WC Zones 3rd BS 2 WC Zones…
  11. February 2018 Investor Presentation – Halcon Resources Corp – slide 11
    Recent HK Drilling Results Monument Draw Recent Monument Draw Operated Wells Monument Draw Drilling Results Well Target 24 Hr IP 30 Day IP IP30 Per 30 Day Well Name Zone POL Date CLL (ft) Boe/d Boe/d 1,000 Ft % Oil Comment Vertical…
  12. February 2018 Investor Presentation – Halcon Resources Corp – slide 12
    Recent HK Drilling Results Hackberry Draw Recent Hackberry Draw Operated Wells HK Operated Drilling Results Well Target 24 Hr IP 30 Day IP IP30 Per 30 Day Well Name Zone POL Date CLL (ft) Boe/d Boe/d 1000 Ft % Oil Comment 1 Balbo…
  13. February 2018 Investor Presentation – Halcon Resources Corp – slide 13
    2nd and 3rd Bone Spring in Hackberry Draw HK Berkley State West 2H (2nd BS 10,000 ft. CLL): Currently WOC Collins 311 Vertical Offset to: and will POL in 2Q 18 FANG Kelly State (2nd BS): 149 HK Belle Alexandra A 2H (3rd BS Boe/d…
  14. February 2018 Investor Presentation – Halcon Resources Corp – slide 14
    Monument Draw (Ward County) Type Curve (10,000 Lateral) Wolfcamp Type Well (2Stream Gross Production) 2,000 1,800 D&C: 11.5 MM Normalized Rate (Boe/d) 1,600 2Stream EUR: 1.9 Mmboe (80% Oil, 20% Gas) 1,400 2Stream 30Day Peak…
  15. February 2018 Investor Presentation – Halcon Resources Corp – slide 15
    West Quito Draw (Ward County) Type Curve (10,000 Lateral) Wolfcamp Type Well (2Stream Gross Production) 2,000 1,800 D&C: 11.0 MM Normalized Rate (Boe/d) 1,600 2Stream EUR : 2.2 Mmboe (50% Oil, 50% Gas) 1,400 2Stream 30Day…
  16. February 2018 Investor Presentation – Halcon Resources Corp – slide 16
    Hackberry Draw (Pecos County) Type Curve (10,000 Lateral) Wolfcamp Type Well (2Stream Gross Production) 1,000 D&C: 10.5 MM 900 2Stream EUR: 1.5 Mmboe (75% Oil, 25% Gas) Normalized Rate (Boe/d) 800 2Stream 30Day Peak IP: 942…
  17. February 2018 Investor Presentation – Halcon Resources Corp – slide 17
    First Year Cumulative Oil Production Comparison 419,576 319,999 255,999 232,339 209,788 174,255 Monument Draw WC West Quito Draw WC Hackberry Draw WC Oil (Bbls) Combined (Boe) West Quito Draws First Year…
  18. February 2018 Investor Presentation – Halcon Resources Corp – slide 18
    Deeper Targets Deep Woodford Prospect in Monument Draw Deep Wolfcamp Sand Prospect in Hackberry Draw Deep Woodford present across southern Monument Draw acreage Present across most of Hackberry Draw acreage Recently successfully…
  19. February 2018 Investor Presentation – Halcon Resources Corp – slide 19
    Halcn Field Services Water Management Overview Key Infrastructure for Operational Development 100% HK owned water systems are sufficient to handle all produced water and provide all water for completions Water infrastructure is…
  20. February 2018 Investor Presentation – Halcon Resources Corp – slide 20
    Halcn Field Services Water Management Advantages Key Infrastructure for Cost Control Hackberry Draw SWD LOE Cost Control Example (1,2,6) Operational Advantages 12.00 11.43 Net SWD LOE / Boe Eliminates dependence on 3rd party…
  21. February 2018 Investor Presentation – Halcon Resources Corp – slide 21
    Appendix
  22. February 2018 Investor Presentation – Halcon Resources Corp – slide 22
    Improving Pecos County Drilling Efficiencies Hackberry Draw 10,000 Lateral Wells Average Intermediate Spud to Total Depth Cycle Times 35.00 30.00 29.36 25.65 25.00 23.01 20.47 Days, Int. spud to RR 20.00 18.65…
  23. February 2018 Investor Presentation – Halcon Resources Corp – slide 23
    Completion Design (10,000 ft. Lateral) HK Optimized Completion Sand Northern White Sand Volumes 2,500 lbs/ft. Fluid Slick water Fluid Rate 90 bpm Fluid Volume 65 bbl/ft. Stages 50 Stage Length 200 Clusters / Stage 67 Heel…
  24. February 2018 Investor Presentation – Halcon Resources Corp – slide 24
    Hedging Summary Crude Oil (Bbl/d, /Bbl) Q1 '18 Q2 '18 Q3 '18 Q4 '18 FY 2018 Q1 '19 Q2 '19 Q3 '19 Q4 '19 FY 2019 Costless Collars (Bbl/d) 8,000 9,000 10,000 11,000 9,510 9,000 8,000 8,000 8,000 8,247 Ceiling (1) 56.82 56.26 55.98…
  25. February 2018 Investor Presentation – Halcon Resources Corp – slide 25
    Ownership Summary Ownership Summary as of 1/31/18 Basic Shares Basic Shares Employee Net Fully Fully Diluted (1) (2) Holder Outstanding % Ownership Warrants Options Diluted Diluted % Ownership Other Common Equity Holders 145,221,648…

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