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August 2018 Enercom Conference – Caerus Oil and Gas Llc

Caerus Oil and Gas Llc · Aug 19, 2018 · 21 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. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 1
    The Oil and Gas Conference August 2018 David H. Keyte Chairman and Chief Executive Officer www.caerusoilandgas.com 1 Confidential www.caerusoilandgas.com
  2. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 2
    Agenda I. Company Background II. Asset Overview III. Business Plan Confidential www.caerusoilandgas.com 3
  3. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 3
    COMPANY BACKGROUND Confidential www.caerusoilandgas.com 4
  4. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 4
    Overview of Caerus A N SC H U T Z IN V E S T M E N T C O M PA N Y Caerus Piceance LLC Caerus Energy Services LLC Land and Royalty Company The largest oil and gas leasehold owner in Significant gas gathering and water Owns…
  5. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 5
    Key Investment Highlights Natural gas production with low-risk Williams Fork development potential (1) Reserves : PDP: 1.1 TCFE Basin-Leading Proved: 3.1 TCFE Asset 2P: 14.0 TCFE 496 M net acres, 484 M net acres in the Piceance…
  6. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 6
    ASSET OVERVIEW Confidential www.caerusoilandgas.com 7
  7. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 7
    Caerus Piceance Upstream Asset Snapshot Operations Key Metrics (1) Daily Production (2Q18): 346 MMCFE/D PD Reserves:(1) 1.1 TCFE 1P Reserves: 3.1 TCFE 2P Reserves: 14.0 TCFE Gas % / PUD %: 93% / 65% DUC Inventory (6/30/18): 97…
  8. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 8
    Caerus Energy Services Asset Snapshot Company Owned Gas Gathering Assets 700 MMCF/D gas gathering capacity 87,500 HP of installed compression from 20 compressors 640 MMCF/D gas compression/dehydration capacity 30 MMCF/D of booster…
  9. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 9
    Mineral and Land Asset Snapshot 45 M net acres of minerals Leased primarily to Caerus and Berry Petroleum Substantial future development 3 active rigs drilling on mineral position Substantial activity in permitting in the past 12…
  10. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 10
    300 Wells Drilled in the Piceance Basin Confidential www.caerusoilandgas.com 11
  11. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 11
    200 Wells Completed in the Piceance Basin Confidential www.caerusoilandgas.com 12
  12. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 12
    Benchmarking Debt Metrics Hedge NBV : LTD (%) Debt : SEC PV10 Debt : Production (/MMCFE/D) Debt : PD Reserves (/MCFE) Considerable asset coverage with SEC PV10:Debt of 3.3x and debt:PD Reserves of 0.37/MCFE Source: Public…
  13. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 13
    Benchmarking: NYMEX Gas Hedges (1) 2018 2018 Price 120% 4.00 3.50 100% 3.00 80% 2.50 60% 2.00 1.50 40% 1.00 20% 0.50 0% - 2019 2020 120% 80% 100% 70% 60% 80% 50% 60% 40% 40% 30% 20% 20% 10% 0% 0%…
  14. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 14
    Benchmarking Cash Costs LOE (/MCFE) G&A (/MCFE) 2.50 0.75 2.00 0.50 1.50 1.00 0.25 0.50 0.00 0.00 Interest Expense (/MCFE) Levered Cash Costs (/MCFE) 0.75 3.00 2.50 0.50 2.00 1.50 0.25 1.00 0.50 0.00…
  15. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 15
    2018 EHS Performance Safety Environmental Zero lost-time accidents 582 COGCC inspections YTD & 3,080 days worked w/o LTA (6/30/18) zero issues 1,311,524 man-hrs worked w/o LTA In material compliance with all (6/30/18) federal,…
  16. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 16
    Historical Track Record Proved Reserves (BCFE) Production (MMCFE/D) EBITDA (MM) Levered Cash Costs (/MCFE) +86% production CAGR with steady, dramatic reductions in levered cash costs Confidential www.caerusoilandgas.com 17
  17. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 17
    BUSINESS PLAN Confidential www.caerusoilandgas.com 18
  18. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 18
    2018 Plan Highlights Planned CapEx of 225 MM 200 MM Upstream, 25 MM Midstream Capital focus on completing DUCs and drilling on the most economic locations (minerals and owned-gathering) Drilling 135 wells, completing 145 wells and a…
  19. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 19
    2018 Forecast Production 2018 Forecast Production 475 MMCFE/D 500,000 Exit Rate 450,000 220 400,000 MMCFE/D 350,000 Wedge Exit Rate 300,000 MCFED 250,000 200,000 150,000 100,000 50,000 - Jan Feb Mar Apr May…
  20. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 20
    Conclusions 3.1 TCFE of proved reserves and +8,000 drilling locations Development plan that is repeatable and supported by historical results of growth within cash flow Significant company owned water and gathering infrastructure…
  21. August 2018 Enercom Conference – Caerus Oil and Gas Llc – slide 21
    Questions Confidential www.caerusoilandgas.com 22

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