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DUG Haynesville Conference – Goodrich Petroleum Corp.

Goodrich Petroleum Corp. · Feb 20, 2019 · 28 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. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 1
    NYSE American: GDP DUG Haynesville Conference Shreveport, Louisiana February 20, 2019
  2. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 2
    Huge Resource Potential - Abundant, Clean and Domestic. Continued Growth Dependent on Sufficient Returns to Justify Capex in Marcellus, Haynesville and Associated Gas in Permian More Than Ever, We are a Margin Business - Reasonable…
  3. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 3
    Favorable Economics Driven by: Low Finding and Development Cost Ample Service Company Capacity Allowing for Minimum Cost Inflation on Capex and LOE High Price Realization Due to Close Proximity to Henry Hub Excess Takeaway…
  4. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 4
    Greenwood- North Louisiana (Haynesville) Waskom / Total Gross/Net Acres: Metcalf/Longwood 34,000/20,000 3,700 Net Ac Average WI/NRI: 59%/43% Acreage HBP: 100% 102 total producing wells (25 Operated) 1/1/19 Inventory of 214 gross…
  5. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 5
    February 2019 6
  6. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 6
    February 2019 7
  7. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 7
    February 2019 8
  8. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 8
    Data from Core Lab Consortium; February 2019 contours prepared by Goodrich 9
  9. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 9
    Evolving completions maximize near-wellbore stimulation Original Design Tested Current Design 4,600 Laterals 10,000 Laterals 4,600 - 10,000 Laterals 1,000 lbs/ft Proppant 5,000+ lbs/ft Proppant 3,000 4,000 lbs/ft Proppant…
  10. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 10
    (1) CRK (2) CRK (3) CRK (4) CRK (5) CHK (20) CHK Nissen 28-21HC 1 Nissen 28-21HC 2 FLORSHEIM 9-16 HC HUNTER 28-21HC 1&2 GEPH Unit Black 1H 10,000 Lateral 10,000 Lateral 1&2 10,000 Laterals IP: 27,000 Mcf/d each IP: 47,988 Mcf/d IP:…
  11. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 11
    Recent Haynesville 4,600' Wells 100,000 1,000 GDP, 4 Well Average (Avg 4,100' LL; 4,200 /ft Frac) Average Well Performance 59 Wells (3,400 /ft Frac) SI - Offset Fracs Company Type Curve: 10,000 EUR: 11.5 Bcf (2.5 Bcf/1,000…
  12. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 12
    February 2019 13
  13. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 13
    Recent Haynesville 7,500' Wells 100,000 1000 GDP, 5 Well Average (Avg 7,600' LL, 4,500 /ft Frac) Average Well Performance SI - Offset Fracs 87 Wells (3,100 /ft Frac) Company Type Curve: EUR: 18.75 Bcf (2.5 Bcf/1,000 ft)…
  14. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 14
    7,500' Laterals Cum Production (MCF) 8,000,000 GDP, 5 Well Average (Avg 7,600' LL, 4,500 /ft Frac) 7,000,000 6,000,000 Company Type Curve: EUR: 18.75 Bcf (2.5 Bcf/1,000 ft) Company Type Curve 5,000,000 EUR: 15.0 Bcf (2.0…
  15. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 15
    Recent Haynesville 10,000' Wells 100,000 1000 GDP, 8 Well Average (Avg 9,500' LL; 3,700 /ft) Average Well Performance 35 Wells (3,200 /ft Frac) Company Type Curve: EUR: 25 Bcf (2.5 Bcf/1,000 ft) 10,000 100 Gas Production,…
  16. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 16
    10,000' Laterals Cum Production (MCF) 12,000,000 Company Type Curve: EUR: 25 Bcf (2.5 Bcf/1,000 ft) 10,000,000 8,000,000 Cum Production (MCF) Company Type Curve 6,000,000 EUR: 20 Bcf (2.0 Bcf/1,000 ft) GDP, 6 Well…
  17. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 17
    Assumptions Louisiana 4,600' Lateral Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 11.5 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.020 Adjustment 1,000 Pricing Average - NYMEX less 0.15 / MMBtu Differentials/…
  18. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 18
    Assumptions Louisiana 7,500' Lateral Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 18.75 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.020 Adjustment 1,000 Pricing Average - NYMEX less 0.15 / MMBtu Differentials/…
  19. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 19
    10,000' Lateral Type Curve Assumptions Louisiana 100,000 Avg Daily Production (Mcfpd) EUR 25.0 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.020 Adjustment 1,000 Pricing Average - NYMEX less 0.15 / MMBtu Differentials/…
  20. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 20
    1.8 1.6 1.4 1.2 1.0 BCFE 0.8 0.6 0.4 0.2 0.0 GDP Peer Group Includes: Aethon, BHP, Chesapeake, Comstock, Covey Park, Ensight, Exco, February 2019 Geosouthern, Goodrich, Indigo, QEP, Vine Source: RS Energy Group,…
  21. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 21
    3.5 3.0 2.5 2.0 BCFE 1.5 1.0 0.5 0.0 GDP Peer Group Includes: Aethon, BHP, Chesapeake, Comstock, Covey Park, Exco, Geosouthern, January 2019 Goodrich, Indigo, QEP, Vine Source: RS Energy Group, Company - 2/5/19 (Wells…
  22. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 22
    6.0 5.0 4.0 BCFE 3.0 2.0 1.0 0.0 GDP Peer Group Includes: Aethon, BHP, Chesapeake, Comstock, Covey Park, Exco, Geosouthern, February 2019 Goodrich, Indigo, QEP, Vine Source: RS Energy Group, Company - 2/5/19 (Wells…
  23. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 23
    160,000 140,000 120,000 TMS 100,000 Haynesville 80,000 Total 60,000 40,000 20,000 - 2017 1Q18 2Q18 3Q18 4Q18* 2019* Est. Est. * Mid-Point of Guidance February 2019 24
  24. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 24
    Capital Efficiency 14.00 12.00 10.00 8.00 6.00 4.00 2.00 - GDP Peer Group Includes: AXAS,BCEI,COG,CPE,CRK,CXO,ECA,ECR, ESTE,FANG,GDP,HK,HPR,LLEX,LONE,MTDR,MUR,OAS,PDCE,PXD,REN, February 2019 SBOW,SM,SRCI,WPX Source: Bloomberg,…
  25. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 25
    NET DEBT/EBITDA 10.00 8.00 6.00 4.00 2.00 0.00 GDP -2.00 Peer Group Includes: APA,APC,AR,AREX,AXAS,BCEI,CHK,CLR,COG,CPE,CRK,CRZO,CXO,DVN,ECA,ECR,EOG EPE,EQT,ESTE,FANG,GPOR,HK,HPR,JONE,LLEX,LONE,LPI,MCF,MPO,MTDR,MUR,NBL,…
  26. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 26
    EV/EBITDA 10.00 8.00 6.00 4.00 2.00 0.00 GDP Peer Group Includes: February 2019 APA,APC,AR,AREX,AXAS,BCEI,CHK,CLR,COG,CPE,CRK,CRZO,CXO,DVN,ECA,ECR,EOG EPE,EQT,ESTE,FANG,GPOR,HK,HPR,JONE,LLEX,LONE,LPI,MCF,MPO,MTDR,MUR,NBL,…
  27. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 27
    Power Generation Emissions Down 30% Since 2005 Primarily Due to Coal to Gas Switching. Scalable Renewables Not an Option Anytime Soon at 17% Market Share Over Time, Natural Gas Demand Growth Should Help Offset Supply Growth Creating…
  28. DUG Haynesville Conference – Goodrich Petroleum Corp. – slide 28
    Replace Every Internal Combustion Engine Vehicle With an Electric Vehicle 10 Trillion to Replace 276 Million Vehicles With Tesla Model 3s. Problem, Need 2 Million Tons of Cobalt for the Batteries and the World Only Produces 110k Tons…

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