Skip to main content IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. Investor Presentation | Shale Experts
Loading...
Pm

IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp.

Abraxas Petroleum Corp. · Apr 10, 2018 · 24 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. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 1
    Abraxas Petroleum Corporate Update April 2018 Raven Rig 1; McKenzie County, ND
  2. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 2
    Corporate Profile NASDAQ: AXAS Headquarters.......................... San Antonio EV/BOE(1,3)... 7.27 Shares outstanding(1)......... 165.9 mm Proved Reserves(4).. 65.4 mmboe Market cap(1) .... 368.3 mm NBV NonOil & Gas Assets(5)…
  3. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 3
    Key Investment Highlights 9,223 net HBP acres prospective for the Wolfcamp A, B & Bone Spring intervals Multi-zone development across acreage position Delaware Basin Exposure Continue to actively lease and pursue acquisitions recent…
  4. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 4
    2018 Operating and Financial Guidance 2018 Capex Budget Allocation 2018 Operating Guidance Capital % of Gross Net Low High Area Operating Costs (MM) Total Wells Wells Case Case Permian Delaware 71.2 50.9% 12.0 9.0 LOE (/BOE) 4.00…
  5. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 5
    Abraxas D&C CAPEX & Production Outlook(1) 20172019 in Boepd Assumes one rig in the Bakken/Three Forks and one rig in the Delaware 16,000 14,000 Barrels of Equivalent per Day (Boepd) 12,000 Incremental Third Bone 10,000…
  6. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 6
    Implied Value Per Delaware Acre(1,2) 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 Peer 1 (1) Peer 2 (1) Peer 3 (1) Peer 4 (1) Peer 5 (1) Peer 6 (1) Peer 7 (1) Peer 8 (1) Peer 9 (1) Peer 10 (1) Average…
  7. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 7
    Asset Base Overview 8
  8. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 8
    Delaware Basin Permian Basin Wolfcamp & Bone Spring 9,223 net acres located in the eastern core of the Delaware Basin Four proven potential zones (Bone Spring, Wolfcamp) 190+ gross operated identified potential locations 360+…
  9. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 9
    Delaware Basin Recent Acquisition Wolfcamp & Bone Spring Winkler County Total of 944 net acres in Winkler County on trend with Abraxas current leasehold position in Ward 560 operated / 384 non operated; two operated units Four…
  10. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 10
    Delaware Basin Caprito Development Plan First Pad Caprito 98201H & Caprito 98301HR Wolfcamp A1 Caprito 201H producing Wolfcamp A2 Caprito 301HR producing Second Pad Section 83 Pad Two Well Pad Wolfcamp A2 Caprito 83304H producing…
  11. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 11
    Surrounding Delaware Activity 1 21 Sealy Ranch 9301H University Land 1H, 3H, & 4H Halcon Felix IP30: 1,489 BOEPD LL: 10,000 (80% Oil) LL: 9,912 9 20 2 UL Willow 3836-16 1H 2 Univ Lands Beldin 4H Felix Jagged Peak 1 LL: 10,000…
  12. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 12
    Delaware Basin Third Bone Spring Well Economics 3RD Bone Spring: Type Curve Assumptions 3RD Bone Spring: ROR vs WTI Abraxas EOY17 Assumptions 660 MBOE gross type curve 84% Oil Initial rate: 1100 boepd di: 99.9% dm: 6.0%…
  13. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 13
    Delaware Basin Wolfcamp A1 Well Economics Wolfcamp A1: Type Curve Assumptions Wolfcamp A1: ROR vs WTI Abraxas EOY17 Assumptions 680 MBOE gross type curve 77% Oil Initial rate: 860 boepd di: 95.0% dm: 7.0% bfactor: 1.4 Assumed…
  14. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 14
    Delaware Basin Wolfcamp A2 Well Economics Wolfcamp A2: Type Curve Assumptions Wolfcamp A2: ROR vs WTI Abraxas EOY17 Assumptions 650 MBOE gross type curve 82% Oil Initial rate: 650 boepd di: 95.0% dm: 7.0% bfactor: 1.4 Assumed…
  15. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 15
    Delaware Basin Wolfcamp B Well Economics Wolfcamp B: Type Curve Assumptions Wolfcamp B: ROR vs WTI Abraxas EOY17 Assumptions 535 MBOE gross type curve 85% Oil Initial rate: 580 boepd di: 95.0% dm: 7.0% bfactor: 1.4 Assumed…
  16. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 16
    Bakken/Three Forks Bakken / Three Forks 4,013 net HBP acres located in the core of the Williston Basin in McKenzie County, ND derisked Bakken and Three Forks 44 operated completed wells Est. 24 gross additional operated Bakken/…
  17. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 17
    Middle Bakken North Fork Economics Middle Bakken: Type Curve Assumptions Middle Bakken: ROR vs WTI Abraxas EOY17 Assumptions 845 MBOE gross type curve 76% Oil Initial rate: 1120 boepd di: 98.5% dm: 8.0% bfactor: 1.5 Assumed…
  18. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 18
    Three Forks North Fork Economics Three Forks: Type Curve Assumptions Three Forks: ROR vs WTI Abraxas EOY17 Assumptions 723 MBOE gross type curve 73% Oil Initial rate: 1050 boepd di: 98.5% dm: 8.0% bfactor: 1.5 Assumed CWC: 7.0…
  19. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 19
    Abraxas Hedging Profile 2018 (1) 2019 2020 Oil Swaps (bbls/day) 4,453 2,783 2,206 NYMEX (2) 53.74 55.66 54.34 (1) 2018 daily volumes indicated for February December 2018. (2) Straight line average price. Includes 2,651 and…
  20. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 20
    Appendix 21
  21. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 21
    Adjusted EBITDA Reconciliation Adjusted EBITDA is defined as net income plus interest expense, depreciation, depletion and amortization expenses, deferred income taxes and other noncash items. The following table provides a…
  22. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 22
    TTM Adjusted EBITDA Reconciliation Adjusted EBITDA is defined as net income plus interest expense, depreciation, depletion and amortization expenses, deferred income taxes and other noncash items. The following table provides a…
  23. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 23
    Standardized Measure Reconciliation PV10 is the estimated present value of the future net revenues from our proved oil and gas reserves before income taxes discounted using a 10% discount rate. PV10 is considered a nonGAAP financial…
  24. IPAA Oil and Gas Investment Symposium – Abraxas Petroleum Corp. – slide 24
    NASDAQ: AXAS 25

From the store

Browse maps, data & reports in the Shale Experts store