Results Driven. Manufacturing Focused. Corporate Presentation September 2018 January 23, 2017 www.sanchezenergycorp.com
Sanchez Energy Overview 2Q18 Production (Boe/d) 79,500 Market Cap(1) 234 million Enterprise Value(1) 2,915 million Asset YE 2017 Proved Reserves (MMBoe) 363 Shares Outstanding 88 million Profile Eagle Ford Acreage Position (gross)…
Sanchez Energys ThreeYear Plan Focus Deliver peerleading returns on invested capital Low cost operator in the Eagle Ford Shale on Financial Discipline High Grade Divest assets that do not compete for capital Increase multizone…
A&D Successes Focused on HighGrading Portfolio Acquired Anadarkos entire Eagle Ford position in a joint venture with Transformative Blackstone/GSO for 2.3 billion in 2017 Comanche Greatly expanded footprint for enhanced synergies…
Eagle Ford Focus Total Eagle Ford Thickness Concentrated Acreage Position Maverick Western Eagle Ford Comanche Catarina MultiBench Development Across Western Eagle Ford Eagle Ford Acreage is Within a 50Mile Radius…
Eagle Ford MultiBench Development Comanche Area 3 Upside from Additional Zones Current Development Target Current Development Target 600 7 2018 Sanchez Energy Corporation
High Return, Repeatable Drilling Inventory Inventory of Over 4,000 Net Drilling Locations Over 40% of the Companys drilling inventory generates 30%+ returns at 55/Bbl and 3/MMBtu 65% of 2018 development plan targets Tier 1…
Positive Impact of Longer Laterals Impact of Longer Lateral & Newer Completion Designs on Well Results 2016 Avg. lateral length of 6,000 ft. 2017 Avg. lateral length of 6,200 ft. 2018E 2018E Avg. lateral length of 7,700…
2018 2020 Capital Focus Areas Cochina Carla Diamond H Ranch 5 East Ranch 1 Catarina Stumberg North 6 2 Roger Detonio 3 Catarina Ranch Ranch North Central Catarina South Western Catarina South Central…
Comanche Area 3 Overview COMANCHE AREA 3 TYPE CURVE 2018 Activity In Area 3 IP (Bbl/d) 588 Oil Initial Decline (%) 77.6% Net D&C Capital 130MM Oil EUR (MBbl) 357 Drilling of 76 Gross (20 Net) Development IP (Mcf/d) 2,810…
Comanche Area 5 Overview COMANCHE AREA 5 TYPE CURVE 2018 Activity In Area 5 IP (Bbl/d) 836 Oil Initial Decline (%) 76.3% Net D&C Capital 81MM Oil EUR (MBbl) 536 Drilling of 46 Gross (12 Net) Development IP (Mcf/d) 1,457…
South Central Catarina Development 2018 Activity In South Central Catarina Net D&C Capital 95MM Drilling of 16 Gross Development Wells Completions of 16 Gross Development Wells South Central SOUTH CENTRAL CATARINA TYPE CURVE IP…
North Central Catarina Development 2018 Activity In North Central Catarina Net D&C Capital 78MM Drilling of 15 Gross Development Wells Completions of 15 Gross Development Wells North Central SN has successfully delineated a New…
Eagle Ford Shale: Geographic Location Benefits Margins Eagle Ford Regional Pricing Benefits Eagle Ford Has Direct Access to Premium Markets Close proximity to Gulf Coast markets for exports Pipeline connectivity to premium natural…
Extensive Field Infrastructure Extensive Field Gathering and Water Infrastructure Throughout Comanche 3rd Party Gathering System Comanche Water Infrastructure Comanche Acreage Identified for further Infrastructure Buildout Gas…
Relationship with Sanchez Midstream Partners LP (SNMP) Western Eagle Ford Focus Results in Synergies Through SNMPs Midstream Asset Base 17 2018 Sanchez Energy Corporation
Financial Overview Improve Liquidity Through Potential Asset Divestitures Comanche water delivery system Palmetto producing asset Maverick producing asset Achieve Upside Through Balanced Commodity Mix Improvement to NGL pricing…
Active Hedging Program Helps Mitigate Price Volatility Significant hedge position guarantees base level of cash flows Oil Hedges (SN Consolidated) Oil Hedged (Bbls/d) Committed Unhedged Volumes Price (/Bbl) 25,000 54 52.56 51.98…
Sanchez Energy: Investment Highlights Dominant Eagle Ford Acreage Position 283,000 net acres in the Eagle Ford Significant Resource Potential Over 1 billion Boe HighGrade Asset Base Potential to divest noncore assets…
Appendix 21 2018 Sanchez Energy Corporation
Substantially Enhanced Maturity Profile Current RBL bank market highly restrictive with limited flexibility New, longer tenor bond replaces existing, shortdated RBL Clears debt maturity schedule through 2020 (first maturity in June…
Strategic JV Facilitated Comanche Acquisition Repeatable Structure Matches Cash Flow with Appropriate Financing Blackstone Sanchez Energy Corporation Energy Partners NonRecourse Unrestricted Subsidiary NonRecourse RBL Gavilan…
Detailed SN Restricted Subsidiary Hedge Position Crude Oil Hedges Natural Gas Hedges Daily Volume Daily Volume Quarter Type of Contract Bbls/d Swap Price Quarter Type of Contract MMBtus/d Swap Price Swaps 16,000 51.58 Swaps 157,000…
Detailed UnSub Hedge Position Crude Oil Hedges Natural Gas Hedges Daily Volume Daily Volume Quarter Type of Contract Bbls/d Swap Price Quarter Type of Contract MMBtus/d Swap Price Swaps 6,000 55.16 Swaps 34,000 3.25 3Q18 Total…
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