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Capital One 13th Annual Energy Conference – Roan Resources

Roan Resources · Dec 5, 2018 · 19 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. Capital One 13th Annual Energy Conference – Roan Resources – slide 1
    Capital One 13th Annual Energy Conference December 5, 2018 1
  2. Capital One 13th Annual Energy Conference – Roan Resources – slide 2
    Roan Highlights Company Overview Largest Contiguous Acreage Position in Merge 46.5 MBoe/d net production (56% liquids) as of 3Q18 170,000 total net acres with 118,500 of contiguous acreage in the Merge 80% of acreage is in the oil…
  3. Capital One 13th Annual Energy Conference – Roan Resources – slide 3
    3Q 2018 Highlights 3Q18 corporate highlights Reorganization process closed to form publicly traded Roan Resources, Inc. Uplisted to NYSE on November 9, 2018 3Q18 operational highlights Total production increased 30% QoQ to 46.5…
  4. Capital One 13th Annual Energy Conference – Roan Resources – slide 4
    Roans Premier Merge Acreage Position Premier Acreage in the Heart of the Merge Woodford Oil Gravity Map Multiple stacked drilling targets throughout acreage position Several well-developed benches in the Mayes with great porosity and…
  5. Capital One 13th Annual Energy Conference – Roan Resources – slide 5
    De-Risked Inventory Roan has a deep inventory to be developed Illustrative Merge Density Potential(2) Merge operated gross locations(1) at different well assumptions - 12 wells per section = 2,940 gross operated locations - 16 wells…
  6. Capital One 13th Annual Energy Conference – Roan Resources – slide 6
    Operational Advancements: Targeting Geosteering Comparison 100% Lateral targeting has improved Roan Average 95% dramatically since the Roan team 90% assumed operations 80% 70% Advantages to successful targeting Optimizes drilling…
  7. Capital One 13th Annual Energy Conference – Roan Resources – slide 7
    90-Day Distribution of Roan Wells Shows Outperformance 90-Day Cumulative Production Distribution Plot(1) 23 Roan selected, drilled and completed wells outperforming industry at 90 days: 100% Industry wells Delta at Roan Industry…
  8. Capital One 13th Annual Energy Conference – Roan Resources – slide 8
    Operational Advancements: Drill Times Since taking over drilling operations in Drill Time Comparison: Spud to Total Depth(1) January, Roan has improved program average drill times by 35%+ 35 Improvements have been achieved by: 30.0 -…
  9. Capital One 13th Annual Energy Conference – Roan Resources – slide 9
    Superior Midstream & Marketing Position Crude Oil Takeaway Current Gas Takeaway Infrastructure Local Takeaway and Sales Optionality Local Takeaway and Sales Optionality Acreage is advantageously located in close proximity to Cushing…
  10. Capital One 13th Annual Energy Conference – Roan Resources – slide 10
    Financial Highlights Industry leading balance sheet and credit profile - LQA Leverage…
  11. Capital One 13th Annual Energy Conference – Roan Resources – slide 11
    Merge Returns Drive Best-in-Class Efficiency 3Q18 Peer Recycle Ratio(1) Comparison 5 4.4x 4.4x 4.5 4.2x 4.0x 4.0x 4 3.8x 3.5 3.2x 3 2.6x 2.5x 2.5 2.3x 2.0x 2 1.7x 1.5 1 0.5 0 Roan Peer 1 Peer 2 Peer 3 Peer 4 Peer 5…
  12. Capital One 13th Annual Energy Conference – Roan Resources – slide 12
    Capitalization & Credit Metrics Capitalization & Credit Metrics Peer 3Q'18 LQA Leverage(3) MM 3Q 2018 2.5x 2.2x Capitalization 2.0x 2.0x Cash 4 1.6x 1.6x 1.4x 1.5x 1.5x Credit Facility Debt 395 1.5x 1.3x 1.4x 1.2x 1.3x Total…
  13. Capital One 13th Annual Energy Conference – Roan Resources – slide 13
    Updated 2018 Guidance 4Q18 FY 2018 Guidance 1Q18 Actual 2Q18 Actual 3Q18 Actual Estimate Estimate Production (MBoe/d) 37.7 36.1 46.5 52 - 56 43 - 44 Total Liquids Production as 56% 54% 56% 57% 56% % of total LOE ( per Boe) 2.46…
  14. Capital One 13th Annual Energy Conference – Roan Resources – slide 14
    Key Take-Aways Success Criteria Roan Pure play operator with large acreage position in 80% of Merge acreage is in Merge oil and liquids-rich windows oil and liquids-rich windows Transportation costs to Cushing < 1.50 per barrel;…
  15. Capital One 13th Annual Energy Conference – Roan Resources – slide 15
    Contact Information Roan Resources: Investor Relations Alyson Gilbert Phone: 405-896-3767 Email: irroanresources.com 17
  16. Capital One 13th Annual Energy Conference – Roan Resources – slide 16
    2018 Cash Margin Production Summary 1Q18 2Q18 3Q18 Oil Sales (MBbls/d) 11.5 9.6 11.8 Natural Gas Sales (MMcf/d) 99.0 100.6 124.1 NGLs Sales (MBbls/d) 9.7 9.7 14.0 Total (MBoe/d)(1) 37.7 36.1 46.5 Cash Margin Summary (in…
  17. Capital One 13th Annual Energy Conference – Roan Resources – slide 17
    Non-GAAP Reconciliations Adjusted EBITDAX is a non-GAAP financial measure. We define Adjusted EBITDAX as net income (loss) adjusted for interest expense, income tax expense, depreciation, depletion, amortization and accretion,…
  18. Capital One 13th Annual Energy Conference – Roan Resources – slide 18
    Non-GAAP Reconciliations Adjusted net income and adjusted net income per share are non-GAAP performance measures. The Company defines adjusted net income and adjusted net income per share as net (loss) income and net (loss) income per…
  19. Capital One 13th Annual Energy Conference – Roan Resources – slide 19
    Revenue Recognition Reconciliation The Company adopted ASC 606 on January 1, 2018 using a modified retrospective approach, which only applies to contracts that were not completed as of the date of initial application. The adoption did…

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