Barclays CEO Energy-Power Conference Alta Mesa Resources September 2018
Alta Mesa Resources Low cost, high return Meramec / Osage Leading Developer of Drilled 365 Hz wells, transitioned to multi-well pads STACK Oil Window Significant runway for capital efficient growth Contiguous acreage facilitates…
Alta Mesa Resources Overview Focused on execution and development in the STACK Q2 Key Metrics Market Capitalization1 2.6bn Enterprise Value1 3.2bn Q2 Net Production (BOE/d) 25,600 Q2 Sales % Oil / % Liquids2 48% / 72% Q2 KFM…
Alta Mesas Trajectory Realizing the benefits of our business combination 2018 2019 2020+ Complete business Continued delineation of Preserve leadership combination position in NW STACK position in the STACK Strengthen balance…
Leading Developer in STACK Black-Oil Window 365 wells over 300+ sq. mi. area affirm robust economic opportunity Principal STACK Target: Osage / Meramec Osage / Meramec Phase Windows Osage / Meramec progrades basin-ward providing…
Kingfisher County Development Activity reflects increasing confidence in STACK/SCOOP/Merge/NW STACK New Drill HZ Permits Issued by County1 Active Rigs in the Eastern Anadarko Basin 500 400 300 200 100 0 Blaine…
Disciplined Growth, Long-term Shareholder Value 2018 upstream operations pace driven by capital efficiency Systematic Delineation, Disciplined Aggregation, and Consistent Growth Delineation: Drilled 250+ wells across expanded…
Drilling and Completions Execution Continued cost control with increasing level of activity Progression of Wells Drilled1 Well Costs 2-3 Rigs 4-6 Rigs 8 Rigs Focused discipline on costs as activity levels in H1 2018 approached full…
Strong Production Trajectory Ongoing coordination and optimization of multi-well drilling & completion Gross Operated Production, BOE/d 2018 Net Production Outlook, BOE/d 40,000 2-3 Rigs 4-6 Rigs 8 Rigs 85-100% increase 60,000 in…
Efficient Full Field Development Multi-well pattern development initiated 21 Multi-Well Development Patterns1 100,000 90,000 80,000 70,000 Cumulative BO 60,000 50,000 40,000 Average 30,000 20,000 10,000 Type…
Capital Efficient Multi-Well Pad Development Systematic, progressive optimization Key Drivers Specific Factors Reservoir Define wellbore landing zones, spatial distribution of wells, analyze and optimize full pattern production…
Kingfisher Midstream Operations Continued expansion of business Recent Developments System Volumes Increased 37% Since Closing, 3rd Party Growth of 87%1 Gas Gathering & Processing AMR Third Parties Alta Mesa delivered volumes Q1…
Kingfisher Midstream Expansion Opportunities Meaningful growth trajectories for all 3 services KFM Gas System KFM Oil System KFM Water System Permitted SWD Wells Planned SWD Pipeline Base growth from Kingfisher County…
Expansion into Northwest STACK Increased industry activity Industry Permitting and Activity NW STACK Update Drilling, specialty well 1 logging, geologic analysis, initial well results affirm continued development of NW STACK…
Strong Balance Sheet Pre-Funds Growth Plans Significant liquidity in place to support activity levels Balance Sheet Highlights Debt Maturity Profile Liquidity to fund capital plan to provide positive free cash flow in Q4 2019…
Commodities and Marketing Oil and liquids drive economics, natural gas flow assurance in place H1 2018 Commodity Sales Production Mix Two stream wellhead production remained at 56% oil in H1 2018 and mix is forecast to continue as…
Infrastructure Investments Drive Lower Costs Freshwater and Produced YTD 2018 Capital Breakdown Produced Water System Kingfisher Acqusitions 7% Midstream 5% Water 6% 9% 6% 10% Format like previous page check numbers 78%…
Production Optimization Rigorous stewardship of growing field operations Production Contribution, Gas Lift Conversions to Jet Pump / ESP 15,000 Gross Operated BOEPD 10,000 5,000 0 Jan-18 Feb-18 Mar-18 Apr-18 May-18…
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