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December 2018 Investor Presentation – Samson Resources II LLC

Samson Resources II LLC · Dec 31, 2018 · 25 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. December 2018 Investor Presentation – Samson Resources II LLC – slide 1
    Samson Resources II, LLC Investor Presentation December 2018 II
  2. December 2018 Investor Presentation – Samson Resources II LLC – slide 2
    Samson Today
  3. December 2018 Investor Presentation – Samson Resources II LLC – slide 3
    Samson Today Samson is focused on delivering shareholder return with a balanced and lower risk growth strategy........... Strategically Repositioned Pure play Wyoming focused E&P Operator. Company has 200,000 net acres in the Powder…
  4. December 2018 Investor Presentation – Samson Resources II LLC – slide 4
    Samson Liquidity Current ResourcesSummary II 2017 was a busy year . 2018 Focus Focused on oil production and reserve growth in the PRB and GGR in Wyoming. 2018 Capital program of 150 - 160 MM (includes 20 MM in acquisitions) Project…
  5. December 2018 Investor Presentation – Samson Resources II LLC – slide 5
    Samson Resources II 2017 was a busy year Samsons Liquidity Overview of RBL Credit Facility Scheduled redetermination on 10/05/2018 resulted in 50% increase in borrowing base from 106.5 MM to 160.0 MM, of which 0 is currently drawn…
  6. December 2018 Investor Presentation – Samson Resources II LLC – slide 6
    Hedge Portfolio as of 11/30/2018 12/2018 Hedge Positions Oil Hedge Positions (1)(2) 2.5 67.00 Volume (MBbl/d) Oil Volumes: 2.0 MBbl/d 2.0 2.1 Oil Weighted Avg. Price: 57.19 2.0 Price (/Bbl) 1.6 64.00 Gas Volumes: 8.9…
  7. December 2018 Investor Presentation – Samson Resources II LLC – slide 7
    3Q 2018 Samson Reserves (1) Technical PUDs represent PUDs that are accounted for after the 5-year SEC rule. 8 (2) SEC price for 9/30/2018 is 63.37 per Bbl and 2.913 per MMBtu.
  8. December 2018 Investor Presentation – Samson Resources II LLC – slide 8
    Samson Proved Reserves PV10 Waterfall 9
  9. December 2018 Investor Presentation – Samson Resources II LLC – slide 9
    2019 Preliminary View(1) Projected 2019 net CAPEX of approximately 240 - 260 MM for operated and non- operated drilling and completion activities Anticipate running 2 operated rigs by May 2019 in the PRB and 1 operated rig in the…
  10. December 2018 Investor Presentation – Samson Resources II LLC – slide 10
    Asset Overview
  11. December 2018 Investor Presentation – Samson Resources II LLC – slide 11
    Powder River Basin Net Acres: 150,000 (83% HBP) Current Prod: 3,500 Boe/d (94% liquids) Op Producing: 120 gross Locations: 2,083(1) gross Current 2018 Drilling Program: Average GWI 90% Average NRI 74% 8/8th NRI 82% - 85%…
  12. December 2018 Investor Presentation – Samson Resources II LLC – slide 12
    Powder River Basin Operated Drilling Program Spearhead Federal 11-2635-40-75SH well (Shannon Test) had first sales 10/27/2018 Outperforming initial expectations Operating two rigs currently: Rig 1 is drilling ahead on our…
  13. December 2018 Investor Presentation – Samson Resources II LLC – slide 13
    Powder River Activity Unconventional Wells **Samson Res** LS Energy Silva 34-7 Rufous Fed 44-0113 47-79MH 12850 Mowry/Muddy Vert Test WOC Mowry 2-Sect Hzl Test Drlg ahead 2018 Samson Operated Peak Powder ATX Expl Grizzly Bear…
  14. December 2018 Investor Presentation – Samson Resources II LLC – slide 14
    Powder River Activity Conventional Wells 2018 Samson Operated Drilling Focus Area EOG Catapult 364-1402H **Samson Res** EOG Catapult 368 1402H 2-well pad, Turner SD Hzl Spearhead Federal Set Prod Csg, WOC Shannon SD HZL SRC…
  15. December 2018 Investor Presentation – Samson Resources II LLC – slide 15
    Samson Field Development Plan Given stacked pay of the PRB, any DSU can have as few as II 10 wells and as many as 26 wells off Multi-Well pads. 16
  16. December 2018 Investor Presentation – Samson Resources II LLC – slide 16
    Allemand Fed 2-Well Pad South North Allemand Fed 31-1918-3974FH 68 - Spud 09/09/2019 - Drilling Lateral Allemand Fed 34-3031-3974NH - Spud 09/06/2019 - TD 11/11/2019 Frontier Surface Location Niobrara 2 Miles 2…
  17. December 2018 Investor Presentation – Samson Resources II LLC – slide 17
    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…
  18. December 2018 Investor Presentation – Samson Resources II LLC – slide 18
    Johnson County is very active. Leasing, permitting and Hummingbird Geologic drilling activity accelerating Hotspot around Samsons Federal Hummingbird Unit Samson Rufous Fed 44-0113 47-79 MH Mowry 2-Sect Hzl Test Spud 11/02/2018,…
  19. December 2018 Investor Presentation – Samson Resources II LLC – slide 19
    Powder River Basin Permit Activity 50,000 45,000 40,000 Net Acres(3) by Operator Permits 1) 450,000 - Anadarko 3,154 35,000 2) 406,000 - Anschutz 1,542 3) 400,000 - EOG 4,925 30,000 4) 398,000 - Devon 1,340 5) 275,000 - Chesapeake…
  20. December 2018 Investor Presentation – Samson Resources II LLC – slide 20
    Milagro Federal Unit Green River Basin Net Acres: 46,000 (58% HBP) Current Prod: 2,950 Boe/d (53% liquids) Op Producing: 38 gross Locations: 538 gross Current 2018 Drilling Program: Average GWI 100% Average NRI 83% 8/8th…
  21. December 2018 Investor Presentation – Samson Resources II LLC – slide 21
    Greater Green River Operated Drilling Program Drilled 7 well Endurance Pad. Completion activity of the 7 wells in December 2018. Experiencing drill time improvements with the use of Oil Based Mud and drilling last section of…
  22. December 2018 Investor Presentation – Samson Resources II LLC – slide 22
    Endurance 1595-S32 NW Pad Overview Drilled 7 vertical Fort Union wells from a common pad: To test 20-acre spacing assumptions 5 wells have come in under AFE and 2 wells over AFE Converted to oil based mud mid-program and have…
  23. December 2018 Investor Presentation – Samson Resources II LLC – slide 23
    Milagro Milagro Federal Unit: FortFederal Unit Union Program Development The Company is in the final stages of creating the Milagro Federal Unit Unit should comprise over 25,600 acres Allows for orderly development of the Fort…
  24. December 2018 Investor Presentation – Samson Resources II LLC – slide 24
    Samson Resources II 2017 was a busy year Benefits of Forming Milagro Federal Unit The primary benefits of forming a federal unit in the Green River Basin include: Establishes one Operator of the Federal Unit for both Drilling and…
  25. December 2018 Investor Presentation – Samson Resources II LLC – slide 25
    The Future Drilling program will continue to delineate Samsons acreage position in the Powder and Green River Basins. Focused on maintaining a strong balance sheet while delivering production growth at top tier returns to investors.…

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