Skip to main content CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. Investor Presentation | Shale Experts
Loading...
Pm

CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc.

Rosehill Resources Inc. · Feb 13, 2019 · 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. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 1
    Credit Suisse 24th Annual Energy Summit February 2019
  2. CREDIT SUISSE ENERGY SUMMIT – 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 69 gross operated producing horizontal wells Net Acres: 11,500 Production exceeded 20,000…
  3. CREDIT SUISSE ENERGY SUMMIT – 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. CREDIT SUISSE ENERGY SUMMIT – 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. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 5
    2019 Guidance Capital investment aligned with Adjusted EBITDAX Provides 25% year-over-year production growth based on midpoints of guidance Maintain momentum into 2020 with growth from Q418 to Q419 2018 2019 Metric Guidance…
  6. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 6
    Hedge Positions Protect 2019+ Cash Flows Adjusted EBITDAX Sensitivity Leverage Ratio Sensitivity (based on midpoint of 2019 guidance and 2019 hedge positions) (based on midpoint of 2019 guidance and 2019 hedge positions 30 2.0x…
  7. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 7
    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…
  8. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 8
    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…
  9. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 9
    Strong Northern Delaware Basin Well Performance 3rd Bone Spring Sand Wolfcamp A Upper Wolfcamp A Lower 300 300 300 250 250 250 200 200 200 Cum. Oil Production (MBO) Cum. Oil Production (MBO) Cum. Oil Production (MBO)…
  10. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 10
    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…
  11. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 11
    Emerging Southern Delaware Basin Future Growth Area Wolfcamp A Structure White Wolf asset consisting of Parsley (3 Well Pad) CI = 100 Ft JAG 6,925 net acres and 250 locations IP24 234 BOEPD/1,000 Ft AVG IP24 311 BOEPD/1,000 Ft…
  12. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 12
    Development On Track In Southern Delaware Basin Pilot Well Wolfcamp Structure Five initial pilots and associated State Blanco 58 CI = 100 Ft laterals drilled with four laterals A003 Wolfcamp A State Blanco 58 completed to date IP…
  13. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 13
    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…
  14. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 14
    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…
  15. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 15
    Midstream Infrastructure Flexible and Well Positioned for Growth Northern Delaware Ample Transport MidCush Basis 90%+ Oil Piped as Capacity to Substantially Hedged Core Loving oil and gas gathering provided by Gateway Gathering &…
  16. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 16
    Water Assets Create Flexibility and Value 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…
  17. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 17
    Capital Efficient Growth With Low Leverage Average Daily Production (BOEPD) Adjusted EBITDAX (MM) (2) 210 - 230 20,000 - 21,500 170 - 190 15,500 - 17,000 5,838 47 2017 2018 E 2019 E 2017 2018 E 2019 E Capital…
  18. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 18
    Rosehills compelling investment profile Rosehill is valued below peers based on enterprise multiples. Enterprise Value / 2019 Adjusted EBITDAX (1) 8.0x 6.0x Peer Average = 5.7x 4.0x 3.2x 2.0x 0.0x ROSE A B C D E F G H…
  19. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 19
    Capital Structure Capitalization and Liquidity (MM) (1) Completed equity offering September 2018 Cash 51 Issued 7 million shares for net proceeds of 40MM, Revolving Credit Facility 194 tripled unaffiliated public float at modest…
  20. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 20
    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…
  21. CREDIT SUISSE ENERGY SUMMIT – 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. CREDIT SUISSE ENERGY SUMMIT – 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. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 23
    25 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. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 24
    Hedging Profile Hedge positions 2019 2020 2021 2022 Crude Oil Swaps Hedge Volume (BBL) 2,664,000 1,960,000 2,160,000 1,100,000 Average Price (/BBL) 53.59 60.09 61.21 58.42 Crude Oil Collars Hedge Volume (BBL) 601,000 Average Ceiling…
  25. CREDIT SUISSE ENERGY SUMMIT – Rosehill Resources Inc. – slide 25
    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…

From the store

Browse maps, data & reports in the Shale Experts store