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Company Update – Rosehill Resources Inc.

Rosehill Resources Inc. · Apr 24, 2018 · 23 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. Company Update – Rosehill Resources Inc. – slide 1
    Company Update April 2018
  2. 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 exceeded 15,000 net BOEPD Net Acres: 11,150 (72% oil)(1) for March Inventory: 470 Locations Average Working…
  3. Company Update – Rosehill Resources Inc. – slide 3
    Rosehill Strategy Enhance EUR per capital dollar invested through modifications Optimize to drilling and completion techniques and cost reductions Operations Drive down cash operating costs and improve margins to grow cash flow and…
  4. Company Update – Rosehill Resources Inc. – slide 4
    Milestones & Targets 2017 Accomplishments 2018 Objectives Finalized KLR & TEMA Business q Fully Implement Improved Gen-3 Combination With 4,500 Acres In Completion Design In Loving County Delaware Basin And 5,430 BOEPD Reduced…
  5. Company Update – Rosehill Resources Inc. – slide 5
    Reserve Profile High liquids-weighted reserves drive December 31, 2017 Reserves (SEC Pricing) (1) 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. Company Update – Rosehill Resources Inc. – slide 6
    Northern Delaware Basin Heart of the Delaware Type Log Arguably the best stacked, unconventional resource concentration in North America Lea Co. Sophisticated offset operators (APC, EOG, CXO, etc.) actively developing 11…
  7. Company Update – Rosehill Resources Inc. – slide 7
    Type Curve Summaries Northern Delaware Basin 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 5,000 300 Completion Gen-3 Gen-3 Gen-3…
  8. Company Update – Rosehill Resources Inc. – slide 8
    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…
  9. Company Update – Rosehill Resources Inc. – slide 9
    Strong Well Performance Northern Delaware Basin 3rd Bone Spring Sand Wolfcamp A Upper Wolfcamp A Lower 80 80 80 70 70 70 60 60 60 Cum. Oil Production (MBO) Cum. Oil Production (MBO) Cum. Oil Production (MBO) 50 50 50…
  10. Company Update – Rosehill Resources Inc. – slide 10
    Southern Delaware Basin Overview Parsley Wolfcamp A Emerging Growth Area 215 MBO 17 Months Structure Wolfcamp A Parsley CI = 100 Ft White Wolf asset consisting Parsley IP 873 BO + 623 MCFPD Wolfcamp A IP 1,286 BO + 868 MCFPD of…
  11. Company Update – Rosehill Resources Inc. – slide 11
    White Wolf Area Geology Jetta Operating Wolfcamp A and B Wolfcamp A & B Thickness Reed 3 reservoirs at White Wolf Rosehill Ward are in a localized Waha depositional Sweet Thickness Spot between the Coyanosa-Waha Ridge 3rd and the…
  12. Company Update – Rosehill Resources Inc. – slide 12
    Southern Delaware Basin 2018 Drilling Plans Wolfcamp A Surveying, staking and Structure permitting activities have been CI = 50 Ft underway since late January First four well locations will provide a technical framework for…
  13. Company Update – Rosehill Resources Inc. – slide 13
    Type Curve Summaries Southern Delaware Basin 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…
  14. Company Update – Rosehill Resources Inc. – slide 14
    Financial Forecast Average Daily Production (BOEPD) Adjusted EBITDAX (MM) (2) YOY Growth % (1) Avg. WTI (/BBL) (3) 260 - 280 (1) 9 23,000 - 25,500 1 55.00 17 GR CA 49% 170 - 190 4% 10 15,500 - 17,000 55.00 180% 5,838…
  15. Company Update – Rosehill Resources Inc. – slide 15
    Rosehill and Peers Rosehill leads the peer group in cash flow generation per debt adjusted share. 90% 80% Cash Flow Per Debt-Adjusted Share - CAGR (2017 - 2019) 70% 60% 50% 40% 30% 20% 10% 0% XX ROSE A B C D E F G H I J K L M N O P…
  16. Company Update – Rosehill Resources Inc. – slide 16
    Capital Structure In March 2018, the Company entered into a new Capital Structure (1) 500 million revolving credit facility maturing in (in millions) 2022, with an initial borrowing base of 150 million Class A Common Shares 6.2…
  17. Company Update – Rosehill Resources Inc. – slide 17
    Hedging Profile Hedge positions (1) 2018 2019 2020 2021 2022 Crude Oil Swaps Hedge Volume (BBL) 2,164,000 2,664,000 960,000 360,000 300,000 Average Price (/BBL) 55.48 53.59 51.16 50.42 50.12 Crude Oil Collars Hedge Volume (BBL)…
  18. Company Update – Rosehill Resources Inc. – slide 18
    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…
  19. Company Update – Rosehill Resources Inc. – slide 19
    APPENDIX
  20. Company Update – Rosehill Resources Inc. – slide 20
    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…
  21. Company Update – Rosehill Resources Inc. – slide 21
    Board Of Directors Gary Hanna Chairman Over 30 years of industry experience Currently Chairman of Energy XXI Gulf Coast Inc.; Director of Hercules Offshore Inc. Former CEO and Chairman of EPL Oil & Gas, Inc. prior to sale to Energy…
  22. Company Update – Rosehill Resources Inc. – slide 22
    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…
  23. Company Update – Rosehill Resources Inc. – slide 23
    Non-GAAP Measures The following table presents a reconciliation of Adjusted EBITDAX to net income (loss), the most directly comparable GAAP financial measure. 2017 2018 Guidance 2019 Preliminary Forecast Net income (loss) (11,948)…

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