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Enercom Conference – Samson Resources II LLC

Samson Resources II LLC · Aug 21, 2018 · 22 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. Enercom Conference – Samson Resources II LLC – slide 1
    Samson Resources II, LLC EnerCom Conference Denver, CO II August 21, 2018
  2. Enercom Conference – Samson Resources II LLC – slide 2
    Samson Today
  3. Enercom Conference – Samson Resources II LLC – slide 3
    Samson Today Samson is focused on delivering shareholder return with a balanced and low risk growth strategy. Strategically Repositioned Pure play Wyoming focused E&P Operator. Company has 198,000 net acres in the Powder River Basin…
  4. Enercom Conference – Samson Resources II LLC – slide 4
    Samson Resources II 2017 was a busy year Samsons Evolution Emerged from Bankruptcy on March 1, 2017. Focused on improving balance sheet and becoming a profitable, top-tier oil producer Strategically repositioned the Company from a…
  5. Enercom Conference – Samson Resources II LLC – slide 5
    Samson Resources II 2017 was a busy year Samsons Evolution Paid off outstanding debt of 210 MM on September 29, 2017. Put in place a new Credit Facility with an initial Borrowing Base of 120 MM. Focused on managing capital structure…
  6. Enercom Conference – Samson Resources II LLC – slide 6
    Samson Liquidity Current ResourcesSummary II 2017 was a busy year . 2018 Focus Focused on oil production and reserve growth in the Powder River and Green River Basins of Wyoming. 2018 Capital program of 140 - 150 MM. Project…
  7. Enercom Conference – Samson Resources II LLC – slide 7
    Samson Liquidity Current ResourcesSummary II 2017 was a busy year . Samsons Liquidity Overview of RBL Credit Facility 106.5 MM Borrowing Base, 0 Drawn Scheduled redetermination on 10/01/2018: Anticipating material increase to…
  8. Enercom Conference – Samson Resources II LLC – slide 8
    Hedge Portfolio as of 08/01/2018 08/2018 - 12/2018 Hedge Positions Oil Hedge Positions (1)(2) 2.5 2.1 61.00 Oil Volumes: 2.1 MBbl/d Volume (MBbl/d) 2.0 1.6 58.97 Price (/Bbl) Oil Weighted Avg. Price: 57.47 59.00 Gas…
  9. Enercom Conference – Samson Resources II LLC – slide 9
    Q2 2018 Samson Reserves Reserves Summary(2) PV-10 (K) Oil NGL Nat. Gas Total SEC Reserves Category (MBbl) (MBbl) (MMcf) (MBoe) 06/30/2018(3) PDP 7,809 5,299 44,789 20,573 211,388 PDNP 0 0 0 0 0 PUD 6,186 23,296 140,910 52,967…
  10. Enercom Conference – Samson Resources II LLC – slide 10
    Asset Update
  11. Enercom Conference – Samson Resources II LLC – slide 11
    Powder River Basin Net Acres: 150,000 (84% HBP) Current Prod: 2.7 MBoe/d (89% liquids) Locations: 2,470 gross Highly-economic stacked-pay oil resource with significant industry momentum applying modern completion and drilling…
  12. Enercom Conference – Samson Resources II LLC – slide 12
    Stacked Pay Provides Type Log Stratigraphic Column Target Zones Significant Upside Formation Powder River Basin Coal Lance The Powder River basin contains highly attractive Lewis Shale / Teckla Sand stacked pays, which are present…
  13. Enercom Conference – Samson Resources II LLC – slide 13
    Growing Industry Momentum in the Powder River Active Rigs: 3 Net Acres: 400,000 net acres Active Rigs: 5 Q2 18 Net Prod.: 32 MBoe / day Yesterday afternoon we introduced two new premium plays Net Acres: 256,000 net acres in the…
  14. Enercom Conference – Samson Resources II LLC – slide 14
    Samson Field Development Plan II 15
  15. Enercom Conference – Samson Resources II LLC – slide 15
    Deep Inventory Opportunity in the PRB Samsons 150,000 net acres are situated down the Powder River Basins geological axis and strategically located over the Shannon, Niobrara, Frontier / Turner, and Mowry formations. Overall, the…
  16. Enercom Conference – Samson Resources II LLC – slide 16
    Samson Position in Powder River Hot Spots Hummingbird Mowry Shale Pressure Gradient Map Hot Spot Deeper Depths = Higher BHP Increased BHT = Higher BHP Subsurface Hot Spots in Basin result in higher than normal bottom hole…
  17. Enercom Conference – Samson Resources II LLC – slide 17
    Powder River Basin Operated Drilling Program Spud the Spearhead Federal 11-2635-40- 75SH well (Shannon Test) on July 19, 2018. D&C capital budgeted in 2018 67.7 MM. 1 Shannon test 1 Frontier test 1 Niobrara test 1 Mowry test 15…
  18. Enercom Conference – Samson Resources II LLC – slide 18
    Green River Basin Net Acres: 48,000 (58% HBP) Current Prod: 3.4 MBoe/d (53% liquids) Locations: 845 gross Highly consolidated liquids-rich gas play with strong recent results and highly economic inventory at current…
  19. Enercom Conference – Samson Resources II LLC – slide 19
    Greater Green River Overview NW SEC 32 Pad SRC 2017/18 Drilled Milagro Federal Unit Boundary Samson has moved to multi well development in NW Sec 32 Pad Conducting down spacing test at 20 acres Exploit Pad development…
  20. Enercom Conference – Samson Resources II LLC – slide 20
    Type Log Samson Fort Union Generation-2 Outperformance 900,000 16V Gen 2 800,000 Fort Union 700,000 600,000 Lance Cumulative MMcfe 500,000 11V Gen 2 400,000 Fox Hills P50 Gen 1 300,000 200,000 Lewis 100,000…
  21. Enercom Conference – Samson Resources II LLC – slide 21
    Greater Green River Operated Drilling Program Spud 7-well drilling pad on August 2nd Endurance 1595-S32 NW Pad. Should be ready to complete first wells in November 2018. Offset to recent strong drilling performance from the…
  22. Enercom Conference – Samson Resources II LLC – slide 22
    The Future Drilling program will delineate acreage position in the PRB and GGR. Focused on maintaining a strong balance sheet while delivering production growth at top tier returns to investors. Excellent asset base in the Powder…

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