Quality Assets. Disciplined Management. Analyst Day Presentation www.sanchezpp.com January 23, 2017
Agenda Topics Presenters* Company Overview Gerry Willinger Company Highlights Chief Executive Officer Midstream Overview Recent Developments Pat Sanchez WellSponsored Partnership Chief Operating Officer SNs Position in the…
Company Overview 5 2017 Sanchez Production Partners LP
Company Highlights Well Positioned Midstream assets supported by longterm fixed fee agreements with Sanchez Energy Corporation (NYSE:SN) Midstream Asset Base (SN) with minimum volume commitments (MVCs) With Stable Cash Gathering and…
Midstream Overview Catarina Volumes Underpin Midstream Assets and Development Plan (1) (1) Map includes assets from SNs 1/12/2017 acquisition announcement, subject to closing 7 2017 Sanchez Production Partners LP
Recent Developments SN announced transformative transaction in Western Eagle Ford Expected to close in 1Q17 SN will assume operations on acquired acreage SN announced an initial five rig drilling program on acquired acreage SNs…
WellSponsored Partnership Sanchez Oil & Gas Corporation (SOG) 1972 Operations and Technical Support Private operating platform with 200 employees Experienced management Technical and operational expertise Active business…
SNs Position in the Eagle Ford 10 2017 Sanchez Production Partners LP
Eagle Ford Shale Focus (1) Slide map Includes assets from SNs 1/12/2017 acquisition announcement, subject to closing Source: SN Analyst Day Presentation January 2017 11 2017 Sanchez Production Partners LP
SNs Growing Position in the Eagle Ford Shale Source: SN Analyst Day Presentation January 2017 12 2017 Sanchez Production Partners LP
SPP Benefits from SNs Transformation Source: SN Analyst Day Presentation January 2017 13 2017 Sanchez Production Partners LP
Continued Development in Catarina Catarina continues to be an important part of SNs Eagle Ford development Catarina lease requirements specify a minimum of 50 wells/year SN allocated 160170 million in capital to Catarina in its 2017…
SPPs Midstream Assets, Expansion and Opportunities 15 2017 Sanchez Production Partners LP
Midstream Asset Overview Catarina Volumes Underpin Current Midstream Assets (1) 1. Western Catarina Midstream 200 MMcf/d Gas capacity 142 MMcf/d Gas MVC LTM 30% above Gas MVC 100% Owned by SPP 2. Carnero Gathering Line Transports…
Existing Midstream Assets 1 Western Catarina Midstream 2 Carnero Gathering Line Gathering and processing assets constructed by Shell as part of 50% interest acquired from SN in July 2016 the original infrastructure of the Catarina…
Current Midstream Expansion Underway 3 Raptor Gas Processing Facility 4 Raptor Seco Pipeline Phase 1 5 Costa Azul Terminal (1) 3 7 2 Costa Azul 1 Terminal 4 6 8 5 50% interest in 200 MMcf/d facility acquired Pipeline off…
Future Midstream Asset Development Opportunities 6 Raptor Seco Pipeline Phase 2 7 VelociFrac Fractionator 8 VelociFrac Ethane Pipeline 50 mile expansion of Phase 1 of the Raptor Two tower fractionator to remove and sell 77 mile…
Future Volume and Development Opportunities Strategic Geographic Positioning (1) (1) Map includes assets from SNs 1/12/2017 acquisition announcement, subject to closing 20 2017 Sanchez Production Partners LP
SPPs Forecast 21 2017 Sanchez Production Partners LP
2017 Midstream and Corporate Forecast MIDSTREAM Operated Assets Western Catarina Midstream gas volume 170 to 190 MMcf/d Western Catarina Midstream gas operating margin 0.55 /Mcf Western Catarina Midstream oil volume 13.6 to 15.2…
2017 Production Forecast and Hedge Details PRODUCTION FORECAST Production Volume 700 to 750 Mboe Production by Product 57% Oil 30% Gas 13% NGL Commodity Pricing Oil 54.17 /Bbl Gas 3.36 /MMBtu NGL 13.54 /Bbl Pricing Differentials…
Appendix A Additional Partnership Details 24 2017 Sanchez Production Partners LP
SPP Management Team Antonio R. Sanchez, III is Chairman of our general partners board of directors. Mr. Sanchez, III has served as the President and Chief Executive Officer of Sanchez Energy Corporation (NYSE: SN), a publicly traded…
SPP Structure Organizational Structure (1) SOG Operating Platform Sanchez Family, SP Holdings, LLC SN Held Units Directors and Insiders (DE) (LP Interests) (LP Interests) Public Unitholders IDRs 5.3% 16.9% (LP Interests)…
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