Citi Global Energy & Utilities Conference May 16, 2018 TPG PACE ENERGY HOLDINGS has executed a definitive agreement to purchase EnerVest s South Texas division and will be renamed Magnolia Oil & Gas Corporation at closing. TPGE filed…
Introduction to Magnolia Oil & Gas Steve Chazen and TPG formed entity to be Leading private oil & gas company a consolidation platform with a disciplined 5 geographic operating divisions with over corporate return philosophy 36,000…
Top Tier Eagle Ford and Austin Chalk Asset Position Entry into South Texas at an Attractive Price with 358,000 Net Acres Position Targeting Two of the Top Significant Running Room Oil Plays in the U.S. High-quality, low-risk pure-play…
Value Creation Plan: Multiple Drivers of Share Price Accretion Overriding goal is to maximize shareholder returns Compelling Value Proposition We believe this can be achieved through a combination of: 1 Steady production growth 2…
Industry Leading Fundamentals at a Discounted Purchase Multiple 12.0x 11.0x PXD 10.0x EOG FANG 9.0x CXO COG CLR 2018E EV / EBITDA 8.0x OXY 7.0x 7.1x - Magnolia - 45 Oil(1) 6.0x 5.0x - Magnolia - 58 Oil(2)…
Karnes County Core Eagle Ford and World Class Austin Chalk Key Asset Highlights Premier Position in the Core of the Eagle Ford World-class acreage footprint located in the core of the Eagle Ford, substantially de-risked 14,070 net…
Karnes County has some of the Top Economics in North America Results in Karnes County are some the best in North America Karnes Eagle Ford and Austin Chalk type curves produce 216,000 and 330,000 barrels of oil, respectively, in their…
Giddings Field Austin Chalk Redeveloping as an Emerging Play Giddings Asset Overview Lease Map Emerging, high-growth asset with extensive inventory potential and significant development flexibility 344,384 net acres, 99%+ HBP and 87%…
Focus on Maintaining High Full-Cycle Operating Margins Illustrative Full Cycle Margin(1) 100% 22% Operations focused on producing best-in-class full-cycle operating margins (inclusive of development costs) Realized price benefits…
Illustrative Full Cycle Margins at Various Prices Benchmark Prices WTI (/bbl) 58.00 45.00 55.00 65.00 Henry Hub (/mcf) 2.75 2.75 2.75 2.75 Differentials Oil (/bbl) (1.33) (1.33) (1.33) (1.33) Gas (/mcf) (0.28) (0.28) (0.28) (0.28)…
Effective Use of Cash to Maximize Shareholder Returns Robust Cumulative Free Cash Flow(1) Potential Uses of Free Cash Flow ( in millions) Based on 58 oil guidance at time of announcement Accretive Debt Reduction Acquisitions…
Q1 Operations Update Q1 Highlights Magnolia Q1 2018 Results(1) Announced transaction on March 20, 2018 Karnes Giddings Total Filed preliminary merger proxy with SEC on May 10, 2018 Average Daily Production Oil weighted average…
Magnolia Summary Investment Highlights Premier Platform Positioned for Success Positive Free Cash Flow and Peer Leading Margins Multiple Levers of Growth Strong Balance Sheet and Financial Flexibility Experienced…
Appendix TPG PACE ENERGY HOLDINGS
Sources, Uses and Pro Forma Valuation Sources & Uses (Estimated) Post Transaction Ownership (Estimated)(1, 2) Sources Ann. Adj. Close (3) % At Announcement Adj. At Close (3) Ownership MM Equity to Seller 1,326 (131) 1,194 45% Public…
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