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Jefferies 2018 Global Energy Conference – Rosehill Resources Inc.

Rosehill Resources Inc. · Nov 28, 2018 · 26 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. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 1
    Jefferies 2018 Global Energy Conference November 2018
  2. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 2
    Pure Play Delaware Basin Operator Leading Delaware Basin small-cap E&P company Lea County Two core operating areas: Northern and Southern 53 gross operated producing horizontal wells Net Acres: 11,500 Inventory: 480 Locations (2) Net…
  3. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 3
    4 Profitable Growth And Acquisition Strategy Enhance EUR per capital dollar invested through modifications to drilling and completion techniques and cost reductions Optimize Operations Drive down cash operating costs and improve…
  4. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 4
    5 Deliver Value Through Execution Q318 Highlights 2018 Objectives Average production of 19,750 net BOEPD, Surpass 15,000 BOEPD by Mid-Year 2018 surpassed 20,000 BOEPD in September Delivered Adjusted EBITDAX of 56.7 million, Fully…
  5. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 5
    Well Hedged to Protect 2019+ Cash Flows Adjusted EBITDAX Sensitivity Leverage Ratio Sensitivity1 (based on 20,000 boepd production and 2019 hedge positions) (based on midpoint of 2018 guidance and 2019 hedge positions) Adjusted EBITDAX…
  6. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 6
    Drilling Locations Provide Substantial Inventory 20 Rig-Years of Drilling Inventory with Identified Upside (1) 50 93 80 70 530 480 19 50 61 19 10 45 33 Brushy Canyon Upper Avalon Lower Avalon / 2nd Bone 2nd Bone 3rd…
  7. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 7
    Northern Delaware Basin Execution Tatanka Fed 1H Type Log Heart of the Delaware Peak Rate: 1,532 BOEPD Sophisticated offset operators (APC, Wolfcamp A Lower EOG, CXO, etc.) actively developing 11 distinct benches over a 4,500 foot…
  8. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 8
    Strong Northern Delaware Basin Well Performance 3rd Bone Spring Sand Wolfcamp A Upper Wolfcamp A Lower 250 250 250 200 200 200 Cum. Oil Production (MBO) Cum. Oil Production (MBO) Cum. Oil Production (MBO) 150 150 150…
  9. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 9
    Northern Delaware Basin Type Curve Summary Upper Lower Loving & Lea Type Curves Wolfcamp B 1,200 350 Type Curve Wolfcamp A Wolfcamp A (WCB) (UWCA) (LWCA) 300 1,000 Lateral Length (Ft.) 5,000 5,000 5,000 250 800 Cumulative…
  10. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 10
    Emerging Southern Delaware Basin Future Growth Area Wolfcamp A Structure White Wolf asset consisting of Parsley (3 Well Pad) CI = 100 Ft 6,925 net acres and 250 locations AVG IP24 311 BOEPD/1,000 Ft across 5 to 6 benches with…
  11. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 11
    Development On Track In Southern Delaware Basin Pilot Well Wolfcamp Structure Drilled new 3-well pad on State Blanco 58, offsetting the Trees Estate 77 State Blanco 58 CI = 100 Ft A003 A001, in the Wolfcamp A and B State Blanco…
  12. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 12
    Finding the Sweet Spot in Southern Delaware Basin Wolfcamp A and B A White Wolf A reservoirs are in a < 9.4 Miles < 4.4 Miles localized depositional Sweet Oil in Place Oil in Place Oil in Place Brit Brit Spot between the GR/TOC…
  13. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 13
    Southern Delaware Basin Type Curve Summary Upper Lower Southern Delaware Type Curves Wolfcamp B 1,200 300 Type Curve Wolfcamp A Wolfcamp A (WCB) (UWCA) (LWCA) 1,000 250 Lateral Length (Ft.) 5,000 5,000 5,000 Completion Gen-3…
  14. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 14
    Midstream Infrastructure Flexible and Well Positioned for Growth Northern Delaware Ample Transport MidCush Basis 95% Oil Piped as Capacity to Substantially Hedged Core Loving oil and gas gathering provided by Gateway Gathering &…
  15. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 15
    Water Solutions Gross Water Production - Loving County 160,000 140,000 Currently utilizing 40% of 30 day average (BWPD) available disposal capacity 120,000 155,000 BWPD in Loving County 100,000 Disposal Capacity 80,000…
  16. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 16
    Profitable Growth With Strong Balance Sheet Average Daily Production (BOEPD) Adjusted EBITDAX (MM) (2) Avg. WTI (/BOE) (3) 170 - 190 15,500 - 17,000 159 55 14,448 5,838 47 2017 2018 TTM 2018 E 2017 2018 TTM 2018 E…
  17. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 17
    Rosehills compelling investment profile Rosehill is valued below peers based on enterprise multiples. Enterprise Value / 2018 Adjusted EBITDAX (1) 8.0x 6.0x Peer Average = 5.2x 4.0x 2.0x 0.0x ROSE A B C D E F G H I J…
  18. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 18
    Capital Structure Capitalization and Liquidity (MM) (1) Completed equity offering in late September Cash 51 Issued 7 million shares for net proceeds of 40MM, tripled unaffiliated public float at modest overall dilution Revolving…
  19. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 19
    Focused On The Future Profitable Growth Drill And Complete Existing Inventory Of 480 Locations Organic Leasing Accretive Acquisitions Conservative Financial Management Maintain Strong Balance Sheet Grow Cash Flow To Support…
  20. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 20
    APPENDIX
  21. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 21
    Experienced Management Team Gary Hanna Chairman, Interim President and CEO Over 35 years of industry experience with Rosehill since September 2015 Currently Chairman of Energy XXI Gulf Coast Inc.; Former Director of Hercules Offshore…
  22. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 22
    Board Of Directors Gary Hanna Chairman, Interim President & CEO Over 35 years of industry experience with Rosehill since September 2015 Currently Chairman of Energy XXI Gulf Coast Inc.; Former Director of Hercules Offshore Inc. Former…
  23. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 23
    24 Significant Reserves Growth High liquids-weighted reserves drive December 31, 2017 Reserves (SEC Pricing) (1) value creation Net Oil Net Gas Net NGL Net Equiv. PV-10 (2) 80% liquids (MBO) (MMCF) (MBBLS) (MBOE) (MM) Proved…
  24. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 24
    Hedging Profile Hedge positions 2018 2019 2020 2021 2022 Crude Oil Swaps Hedge Volume (BBL) 699,000 2,664,000 1,960,000 2,160,000 1,100,000 Average Price (/BBL) 55.15 53.59 60.09 61.21 58.42 Crude Oil Collars Hedge Volume (BBL)…
  25. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 25
    2018 Guidance 2018 Metric Guidance Price Assumptions WTI/HH (1) 55 / 3.00 Total Capital (MM) (2) 350 - 375 Production (BOEPD) 15,500 17,000 Adjusted EBITDAX (MM) (3) 170 - 190 Debt/TTM Adjusted EBITDAX 1.4x - 1.6x 2018…
  26. Jefferies 2018 Global Energy Conference – Rosehill Resources Inc. – slide 26
    Non-GAAP Measures The following tables present a reconciliation of Adjusted EBITDAX to net income (loss), the most directly comparable GAAP financial measure for the periods indicated. Q3'18 Q2'18 Q1'18 2018 Guidance 201 Net income…

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