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March 2018 Company Update – Rosehill Resources Inc.

Rosehill Resources Inc. · Mar 15, 2018 · 28 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. March 2018 Company Update – Rosehill Resources Inc. – slide 1
    Company Update March 2018
  2. March 2018 Company Update – Rosehill Resources Inc. – slide 2
    Rosehill Highlights Preeminent Delaware Basin small-cap E&P company with two core operating areas Lea County Production averaged 13,000 net BOEPD Net Acres: 11,150 (72% oil)(1) for first week of March Inventory: 470 Locations…
  3. March 2018 Company Update – Rosehill Resources Inc. – slide 3
    Rosehill Strategy Continue improvements to drilling and completion techniques to Optimize improve EUR, minimize costs and improve returns Operations Drive down cash operating costs and improve margins to grow cash flow and…
  4. March 2018 Company Update – Rosehill Resources Inc. – slide 4
    Milestones & Targets 2017 Accomplishments 2018 Objectives Finalized KLR & TEMA Business Fully Implement Improved Gen-3 Combination With 4,500 Acres In Completion Design In Loving County Delaware Basin And 5,430 BOEPD Reduced…
  5. March 2018 Company Update – Rosehill Resources Inc. – slide 5
    Reserve Profile High liquids-weighted reserves December 31, 2017 Reserves (SEC Pricing) (1) drive value creation Net Oil Net Gas Net NGL Net Equiv. PV-10 (2) 80% liquids (MBO) (MMCF) (MBBLS) (MBOE) (MM) Over 600 million total…
  6. March 2018 Company Update – Rosehill Resources Inc. – slide 6
    Proved Reserve (1) Growth 40 0.5 35 2.6 (1.0) 30 (2.1) 25 MMBOE 18.0 20 15 31.1 10 13.2 5 0 2016 Proved Extensions and Revisions Acquisition Divestiture 2017 Production 2017 Proved (2) Reserves Discoveries…
  7. March 2018 Company Update – Rosehill Resources Inc. – slide 7
    Financial Forecast Average Daily Production (BOEPD) Adjusted EBITDAX (MM) (2) YOY Growth %(1) Avg. WTI (/Bbl)(3) 260 - 280 23,000 - 25,500 55.00 49% 170 - 190 15,500 - 17,000 55.00 180% 5,700 - 5,900 45 - 60 55% 50.00…
  8. March 2018 Company Update – Rosehill Resources Inc. – slide 8
    Recent Loving and Lea County Results Compelling Area Results EOG State Magellan 13H EOG State Magellan 15H Chevron Mooses Tooth 1H Endurance Yates 16 State 1H Peak Rate: 1,746 BOEPD Peak Rate: 1,619 BOEPD Peak Rate: 592 BOEPD…
  9. March 2018 Company Update – Rosehill Resources Inc. – slide 9
    Type Curve Summaries Loving & Lea Counties Upper Lower Type Curve Wolfcamp A Wolfcamp A Wolfcamp B Loving & Lea Type Curves (WCB) (UWCA) (LWCA) 1,200 350 Lateral Length (Ft.) 5,000 5,000 5,000 Completion Gen-3 Gen-3 Gen-3 300…
  10. March 2018 Company Update – Rosehill Resources Inc. – slide 10
    White Wolf Overview Wolfcamp A Establishes second core Parsley 215 MBO 17 Months Structure operating area in the Wolfcamp A Parsley CI = 100 Ft IP 873 BO + 623 MCFPD Delaware Basin Parsley Wolfcamp A Producing Formation…
  11. March 2018 Company Update – Rosehill Resources Inc. – slide 11
    White Wolf Overview Wolfcamp A & B Thickness Wolfcamp A and B reservoirs at White Wolf are in a localized Type Well Oxy Rosehill Ward Leslie 11 1 Waha depositional Sweet Spot between the Coyanosa-Waha Ridge and the Central Basin…
  12. March 2018 Company Update – Rosehill Resources Inc. – slide 12
    Type Curve Summaries White Wolf Upper Lower Type Curve Wolfcamp A Wolfcamp A Wolfcamp B White Wolf Type Curves (WCB) (UWCA) (LWCA) 1,200 300 Lateral Length (Ft.) 5,000 5,000 5,000 Completion Gen-3 Gen-3 Gen-3 1,000 250 Well…
  13. March 2018 Company Update – Rosehill Resources Inc. – slide 13
    2018 Guidance and 2019 Preliminary Forecast (1) 2018 2019 Guidance Preliminary Forecast Price Assumptions WTI/HH (2) 55 / 3.00 55 / 3.00 Total Capital (MM) (3) 350 - 375 400 - 475 Production (BOEPD) 15,500 17,000 23,000…
  14. March 2018 Company Update – Rosehill Resources Inc. – slide 14
    Peer-Leading Growth Profile Peer-leading growth in cash flow per debt-adjusted share demonstrates focus on value creation and capital efficiency Cash flow growth underpinned by high oil and liquids production contribution, increasing…
  15. March 2018 Company Update – Rosehill Resources Inc. – slide 15
    Growth with Conservative Capitalization Conservative balance sheet with outsized growth doubling of acreage and inventory through White Wolf acquisition Oil comprises majority of production and drives strong returns 2018…
  16. March 2018 Company Update – Rosehill Resources Inc. – slide 16
    Attractive Relative Valuation Substantial valuation discount to peers Strong cash flow per debt-adjusted share growth and conservative capital structure Newly public and gaining coverage Recently added research coverage from…
  17. March 2018 Company Update – Rosehill Resources Inc. – slide 17
    Pro-Forma Capital Structure (1) Ample liquidity of 186 million. Liquidity Pro-Forma Capital Structure includes 50 million from a possible (in millions) Series B Preferred issuance and may be reduced by approximately 39 million…
  18. March 2018 Company Update – Rosehill Resources Inc. – slide 18
    Hedging Update (1) 2018 2019 2020 2021 2022 Crude Oil Swaps Hedge Volume (BBL) 2,350,000 1,704,000 960,000 360,000 300,000 Average Price (/BBL) 54.28 52.85 51.37 50.69 50.43 Crude Oil Collars Hedge Volume (BBL) - 420,000 - -…
  19. March 2018 Company Update – Rosehill Resources Inc. – slide 19
    Focused On The Future Profitable Growth Drill And Complete Existing Organic Leasing Accretive Acquisitions Inventory Of 470+ Locations Conservative Financial Management Grow Cash Flow To Maintain Strong Support Drilling And…
  20. March 2018 Company Update – Rosehill Resources Inc. – slide 20
    APPENDIX
  21. March 2018 Company Update – Rosehill Resources Inc. – slide 21
    White Wolf Overview White Wolf Wolfcamp A/B combination in the White Wolf Oxy Leslie 11 1 Mineral Technologies Neal State 14-11 area is similar in thickness to the Reeves Reeves County 22 Miles Pecos County County Core with…
  22. March 2018 Company Update – Rosehill Resources Inc. – slide 22
    Refining Completions Techniques Gen-1 (2013-14) Gen-2 (2015-16) Gen-3 (2017-Fwd) Completion Leveraging service company Internal engineering optimization Early designs, ramping up Designs knowledge to improve designs using Company and…
  23. March 2018 Company Update – Rosehill Resources Inc. – slide 23
    Gen-3 Type Curves Create Growth and Value Gen-3 type curves are an average 40% improvement above Gen-2 type curves Early results from recent completions EURs: 400 MBO, 75% Oil EURs: 459 MBO, 67% Oil are encouraging, new wells…
  24. March 2018 Company Update – Rosehill Resources Inc. – slide 24
    Preferred Stock Summary Series A Preferred Stock Series B Preferred Stock Issuer Rosehill Resources Inc. (Nasdaq: ROSE) Rosehill Resources Inc. (Nasdaq: ROSE) 150,000 shares issued on December 8, 2017; Rosehill Size 98,298 (1) may…
  25. March 2018 Company Update – Rosehill Resources Inc. – slide 25
    Adjusted EBITDAX Reconciliation Adjusted EBITDAX is a supplemental non-GAAP financial measure that is used by Rosehills management and external users of our financial statements, such as industry analysts, investors, lenders and rating…
  26. March 2018 Company Update – Rosehill Resources Inc. – slide 26
    Cautionary Statements and Additional Disclosures This presentation has been prepared by Rosehill and includes market data and other statistical information from sources believed by Rosehill to be reliable, including independent industry…
  27. March 2018 Company Update – Rosehill Resources Inc. – slide 27
    Experienced Management Team J. A. (Alan) Townsend President & CEO Over 45 years of industry experience with Tema since 2001 Former President of Equitable Resources and CEO of Camelot Oil and Gas BS and Masters in Petroleum…
  28. March 2018 Company Update – Rosehill Resources Inc. – slide 28
    Board Of Directors Gary Hanna Chairman Over 30 years of industry experience Former CEO and chairman of EPL Oil & Gas, Inc. prior to sale to Energy XXI in 2014 Currently a member of the board of Aspire Holdings Corp. J. A. (Alan)…

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