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August 2018 Enercom Conference – Resolute Energy Corp

Resolute Energy Corp · Aug 20, 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. August 2018 Enercom Conference – Resolute Energy Corp – slide 1
    Energy Corporation August 20, Investor Presentation 2018
  2. August 2018 Enercom Conference – Resolute Energy Corp – slide 2
    Page 3 Company overview Delaware Basin pure play Core acreage offset by high- Premier Delaware Basin position1 quality operators 27,100 gross (21,100 net) acres, 90% in derisked core of Basin Strong execution Successful transition…
  3. August 2018 Enercom Conference – Resolute Energy Corp – slide 3
    Page 4 Operational highlights 2Q exit rate of more than 35,000 Boe per day, up 75% from 1Q exit rate Ranger nine-pack on line in early June with per well average 24-hour peak IP rate of 2,300 Boe per day, approximately 58% oil1,…
  4. August 2018 Enercom Conference – Resolute Energy Corp – slide 4
    Page 5 Schematic of Ranger pads Zone Pad 3 Pad 2 Pad 1 Parent Pad UWCA U02 U04 U06 L01 L03 L05 L07 LWCA B102 B104 B106 UWCB C205SL Microseismic Microseismic WCC array array Newly drilled wellbore Newly…
  5. August 2018 Enercom Conference – Resolute Energy Corp – slide 5
    Page 6 Schematic of Sandlot pads Zone PAD 1 PAD 2 PAD 3 UWCA U01 U03 U05 L02 L04 L06 LWCA B101 B103 B105 UWCB Microseismic array Newly drilled wellbore Average peak IP rate Lateral length Average Sandlot…
  6. August 2018 Enercom Conference – Resolute Energy Corp – slide 6
    Page 7 Schematic of South Mitre pads Zone Existing PAD PAD 3 PAD 2 PAD 1 Ranger Development U04 U06 U08 U02 UWCA South Mitre 2102H L05 L07 L01 LWCA Refrac B104 B106 B108 B102 UWCB Newly drilled wellbore Existing…
  7. August 2018 Enercom Conference – Resolute Energy Corp – slide 7
    Page 8 South Mitre refrac Increase effectiveness of child frac No refrac Refrac performed Suboptimal frac; communication Increased effectiveness with parent well of child well frac Access bypassed Bypassed reserves…
  8. August 2018 Enercom Conference – Resolute Energy Corp – slide 8
    Page 9 Significantly expanding development inventory Lower Wolfcamp wells in Mustang have shown strong initial rates Two wells had 24-hour peak IP rates in excess of 3,000 Boe per day, 800 Bbl oil, 1,100 Bbl NGL Added 150…
  9. August 2018 Enercom Conference – Resolute Energy Corp – slide 9
    Page 10 Positive results in Lower Wolfcamp All wells on line Peak IP rates (Boe per day) N. Elephant B301H Well Cum % S. Elephant B307SL 24 hr. 30 day oil1 S. Elephant C207SL S. Elephant B307SL 2,254 2,099 47% LWCB N.…
  10. August 2018 Enercom Conference – Resolute Energy Corp – slide 10
    Page 11 Expanding development inventory with extensive upside Wells per Gross well Inventory spacing schematic Wolfcamp zone zone inventory Development Testing: 160 acre Upper A/Y 8 133 Upside: 80 acre Lower A 8 129 Mustang…
  11. August 2018 Enercom Conference – Resolute Energy Corp – slide 11
    Page 12 Takeaway and realized prices Resolute very well positioned for flow Gathering infrastructure assurance from field to end markets Plains No production curtailed beyond ordinary operational matters ETC Plains pipeline…
  12. August 2018 Enercom Conference – Resolute Energy Corp – slide 12
    Page 13 Current derivative position Actively reviewing multiple options in the financial and physical markets to further mitigate basis risk Average percent hedged production1 and prices Sep Dec 2018 2019 Sep Dec 2018 Oil…
  13. August 2018 Enercom Conference – Resolute Energy Corp – slide 13
    Page 14 Financial highlights 3Q18 cash flow expected to significantly increase based on results from pad development program Expect 2018 oil production of 5.7 MMBbl at midpoint of guidance; up 50% from 2017 Permian oil…
  14. August 2018 Enercom Conference – Resolute Energy Corp – slide 14
    Page 15 Consistent production growth, improving cost structure Permian production growth (MBoe per day) Company cash costs per Boe 1 1 1 2 1. Excludes stockholder activism expenses 2. Based on midpoint of guidance.…
  15. August 2018 Enercom Conference – Resolute Energy Corp – slide 15
    Page 16 Premier Delaware Basin operator Top tier production growth 2018E to 2019E Permian pureplay production growth1 Strong cash flow per share CAGR 2017A to 2019E growth in cash flow per share2 1. Market data per FactSet…
  16. August 2018 Enercom Conference – Resolute Energy Corp – slide 16
    Page 17 2018 production targets Actual and estimated production (MBoe per day) 73% 71% 76% 77% 75% 46% 45% 50% 52% 49-50% 997 Mbbl 974 MBbl 1,633 MBbl 2,081 MBbl 5,695 MBbl 1Q18 (A) 2Q18 (A) 3Q18 (E) 4Q18 (E) 2018 (E) %…
  17. August 2018 Enercom Conference – Resolute Energy Corp – slide 17
    Page 18 Positioned for significant value creation Top-tier acreage position, employing efficient full field development to drive significant production growth Successful Lower Wolfcamp tests in Mustang has added 150 development…
  18. August 2018 Enercom Conference – Resolute Energy Corp – slide 18
    Appendix
  19. August 2018 Enercom Conference – Resolute Energy Corp – slide 19
    Page 20 Current derivative position September through December 2018: NYMEX hedges in place for approximately 63% of estimated oil production1 Basis swaps covering approximately 69% of estimated oil production1 Oil volume Gas…
  20. August 2018 Enercom Conference – Resolute Energy Corp – slide 20
    Page 21 Mustang Wolfcamp C Thunder Canyon and Uinta WCC Oil Boe Uinta C101H Thunder Canyon C107SL WCC type curve WCA type curve Thunder Canyon / Uinta economic forecast1 Gross EUR 2,076 MBoe % oil 32% PV10 8.7 million IRR…
  21. August 2018 Enercom Conference – Resolute Energy Corp – slide 21
    Page 22 2018 current guidance Range 2018 guidance Low High Projected 2018 production Annual MBoe 10,950 12,045 Annual average Boe per day 30,000 33,000 4Q average Boe per day 42,000 44,000 On a volume-weighted basis: Oil 49% -…
  22. August 2018 Enercom Conference – Resolute Energy Corp – slide 22
    Page 23 2018 capital guidance detail Range 2018 capital guidance ( million) Low High Projected 2018 net capital expenditures Drilling, completion and well facilities 350 375 Field facilities and other 23 27 Other corporate capital…
  23. August 2018 Enercom Conference – Resolute Energy Corp – slide 23
    Page 24 Drilling, completions and production activity Drilling activity Lateral length Rig days over Well name / Pad Area Wolfcamp zone Status TD date (heel - toe)1 hole1 Ranger - 6 parent wells A UA/LA/UB 9,781 Producing 3/13/2018…

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