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4Q 2017 Earnings – Alta Mesa Resources, Inc

Alta Mesa Resources, Inc · Mar 29, 2018 · 12 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. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 1
    Alta Mesa Resources, Inc. Q4 2017 Earnings 2018 Operational Update and Guidance March 29, 2018
  2. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 2
    Overview STACK Pure Play Sustainable, Advantaged Cost Structure 10+ year opportunity horizon in STACK Oil Window Contiguous 130k net acres within 300 sq. mi. fosters operational efficiency Low leverage development plan designed to…
  3. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 3
    Full Year 2017 Operating Results PF STACK Summary Financials Total Production (BOE/D) 20,600 YoY Production Oil & BOE Growth 52%/58% Exit-to-Exit Oil Growth 29% Production Expense (/BOE) Multi-Well Pad Drilling 5.32 Full…
  4. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 4
    Transition from De-risk / Delineate to Development 9 8 7 6 5 4 3 2 1 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 2015 2016 2017 2018 Rigs Frac crews 2018 Budget 2018 Budget 2017 - Scaling Up…
  5. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 5
    Development Process Underway Transition from spacing pilots to multi-well pattern development Ash-Foster Flowback 100 days Themer Flowback 75 days 2 parent, 8 infill wells 1 parent, 7 infill wells 60,000 60,000 55,000 55,000…
  6. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 6
    Drilling Highlights Building on over 250 STACK Horizontal wells in 5 years of development Current Rig Fleet Omaha Latshaw Rig 39 Well Count: 63 Footage: 763,426ft Utah Latshaw Rig 12 Well Count: 52 Footage: 646,798ft Juno…
  7. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 7
    Production Optimization Key driver to maximize ROI, EBITDA and optimize reserves Sustained Base Production Key to Managing Well Life-Cycle Long-Term Value Type Curve Impact 4000 1600 Current type curve based on gas lift design EHU…
  8. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 8
    2018 Guidance Summary Upstream Key Financial Projections Upstream 2018E Drilling Activity Average rigs 8 Gross well count 170 - 180 Net Volumes Oil (BOPD) 18,000 - 21,000 Gas (MCFD) 58,000 - 68,000 NGL (BPD) Multi-Well Pad…
  9. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 9
    2018 Guidance Summary Midstream Key Financial Projections Midstream 2018E Processing Capacity Cryogenic processing 260 mmcf/d Processing Agreements 90 mmcf/d Inlet Volumes Alta Mesa 90 - 100 mmcf/d Third Parties 50 - 70 mmcf/d…
  10. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 10
    APPENDIX
  11. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 11
    Production Performance and Mix 4Q2017 Production Mix Production Volumes 25 73% Liquids 20 18% 15 BOED 22.1 55% 10 15.1 27% 5 0 4Q16 4Q17 Oil Gas NGL Realized 47.21 54.19 Prices /Bbl
  12. 4Q 2017 Earnings – Alta Mesa Resources, Inc – slide 12
    Reserve Reconciliation, Category and Mix Reserve Reconciliation Oil Gas NGL MBbbls MMcf MBbls MMCFE MBOE December 31, 2016 Reserves 52,889 294,260 27,651 777,499 129,583 Extensions/Discoveries/Additions 19,909 122,693 10,123…

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