IPAA Oil and Gas Investment Symposium – SRC Energy Inc

SRC Energy Inc · Apr 10, 2018 · 14 slides

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Slides

April 2018 IPAA OGIS Conference NYSE American: SRCI
Corporate Execution Net Daily Production (MBOE/D) (1) 60 52 50 Contiguous acreage provides ability to 40 48 34 drill longer laterals 30 Well understood hydrocarbon system 20 12 10 0 2016 2017 2018 Est. D&C Capex vs…
2018 Exploitation Program 2018 Guidance Total production of 48-52 Mboe/d D&C Capex of 480-540 MM 2018 operations funded by operating cash flow and existing liquidity Protect capital program by hedging 30%-50% of estimated…
Midstream Infrastructure 5 DCP Midstream Mewbourne processing plant with 200 MMcf/d of expanded capacity is expected to be in service Q3 2018 OConnor 2 with 200 MMcf/d of additional processing capacity is planned in the first half…
Current D&C Operations Boomerang Pad: 16 (13 Leffler Pad: 12 (11 Net) Goetzel Pad: 12 (11 Net) Net) 12 ML wells & 4 LL Waiting on Completion Early Drilling Falken Pad: 18 (17 Net) ML wells LL wells wells Stimulation 12 LL wells & 6…
Delivering Long-Term Shareholder Value Full-Cycle NPV & IRR Per Well Economics NPV (MM) Acreage Cost 600 MBOE 800 MBOE 1 MMBOE 20k/acre 2.5 3.5 4.7 15k/acre 2.7 3.9 4.9 IRR Acreage Cost 600 MBOE 800 MBOE 1 MMBOE 20k/acre 45%…
Operational and Financial Performance Commodity Mix (1) Cash Cost ( / Boe) (1) (2) Oil NGLs Gas LOE Production Taxes Cash G&A 32% 29% 33% 9.89 36% 35% 31% 8.71 19% 18% 3.81 6.71 6.54 6.56 21% 21% 22% 20% 5.58 5.27 1.66 1.39…
Reserves Report Summary Ryder Scott Reserves YE 2017 (1) Proved Reserves by Category Proved Reserves by Commodity Pre-tax PV-10 by Category (2) NGL 28% OIL 31% PDP 33% 227 227 PUD 43% 1.8 B PDP 49% MMBoe MMBoe PUD 62% PDNP…
Health, Safety and the Environment SRCs highest priority Engaged at multiple levels Front Range Emergency Response Committee COGA Operational Safety, Urban Operations, HSE Committees Rocky Mountain HSE Peer Group DJ Basin Safety…
Pure Play with Contiguous and Concentrated Acreage Position 2018 operations funded by cash flow and existing liquidity Multi-year inventory of high return wells Capital investment flexibility Expanding infrastructure Strong balance…
Appendix 12
Hedging Summary as of March 2018 Crude Oil, Natural Gas, and NGL Hedges Avg Monthly Collar Volumes Average Collar Prices (1) Oil Gas CIG Propane Oil Gas CIG Propane Month (Bbl) (MMBtu) (Gallons) (Bbl) (MMBtu) (Gallons) March 1 to…
Adjusted EBITDA Reconciliation SRC ENERGY INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) Three months ended Twelve months ended 12/31/2017 12/31/2016 12/31/2017 12/31/2016 Adjusted EBITDA Net Income…
PV-10 Reconciliation SRC ENERGY INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) 12/31/2017 12/31/2016 12/31/2015 Standardized measure of discounted future net cash flows: Add: 10 percent annual…

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