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March 2019 Investor Presentation – Halcon Resources Corp

Halcon Resources Corp · Mar 12, 2019 · 21 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. March 2019 Investor Presentation – Halcon Resources Corp – slide 1
    Halcn Resources Investor Presentation March 2019
  2. March 2019 Investor Presentation – Halcon Resources Corp – slide 2
    Halcn Resources Overview Delaware Basin Overview Total Company Acreage Position Monument Draw (Ward County) Net Acreage: 22,216 with 94% average W.I. 600 gross potential operated drilling locations Wolfcamp EURs of 1.9 MMBoe (80%…
  3. March 2019 Investor Presentation – Halcon Resources Corp – slide 3
    2019 Strategic and Financial Initiatives Initiative Commentary 2 rig program focused on highest returning assets (1.3 rigs in MD and 0.7 in WQD) No additional 2019 drilling in Hackberry Draw Grow Production in Capital Only multiwell…
  4. March 2019 Investor Presentation – Halcon Resources Corp – slide 4
    Recent Drilling and Completion Efficiency Gains Monument Draw Drilling Efficiency Gains (Total Feet Drilled per Day) RECORD WELLS (1st Slim Hole Design) 665 597 492 481 427 413 428 446 333 349 SR 6401H (10K') SR 9305H (10K')…
  5. March 2019 Investor Presentation – Halcon Resources Corp – slide 5
    Halcn is Libertys Most Efficient Permian Operator % of Time Pumping Zipper Wells in Permian (2018) 63% 59% 57% 57% 55% 54% 52% 52% 51% 51% 49% 49% 48% % of Time Pumping 42% 32% Halcon Operator A Operator B Operator…
  6. March 2019 Investor Presentation – Halcon Resources Corp – slide 6
    Recent West Quito Results & 2019 Plan Recent 2Stream IP Results Apres Vous 1H 10K Lateral UWC (POL 11/5/18) 30Day: 1,656 Boe/d / 43% oil 60Day 1,549 Boe/d / 43% oil Hornsilver 1H 10K Lateral LWC (POL 11/5/18) 30Day: 1,393 Boe/d…
  7. March 2019 Investor Presentation – Halcon Resources Corp – slide 7
    Monument Draw 2019 Drilling Plan 2019 Drilling Plan Commentary 12 new wells to be POL in 2019 (8 UWC and 4 LWC) 4 of these wells to be POL before end of March 1 additional well to be returned to production in March Multiwell pad…
  8. March 2019 Investor Presentation – Halcon Resources Corp – slide 8
    Monument Draw Excellent First Month Oil Productivity HKs Monument Draw Peak Month Oil Production vs. Peers (Bbls) HK 30Day Avg. Oil Rate: 54,258 60,000 39,872 Bbl(2) 48,130 48,091 45,678 43,937 50,000…
  9. March 2019 Investor Presentation – Halcon Resources Corp – slide 9
    Well Situated with Takeaway and Protected from Basis Blowout Oil Takeaway Gas Takeaway NearTerm Oil Takeaway: Primary Plan 98% of HKs oil production will be on pipe by end of Q1 19 LT firm commitment contracts in all areas for third…
  10. March 2019 Investor Presentation – Halcon Resources Corp – slide 10
    Halcn Field Services Overview of Retained Oil & Gas Infrastructure Assets Area Surface Acreage Gas Gathering, Compression, and Treating Crude Gathering and Storage 21 miles of high spec gas gathering pipelines under construction…
  11. March 2019 Investor Presentation – Halcon Resources Corp – slide 11
    Capitalization & Debt Maturities Pro Forma Capitalization Maturity Schedule Revolver Senior Notes Face Value Actual 700 Capitalization (MM) 12/31/2018 625 Cash & Cash Equivalents 47 600 Senior Secured Revolving Credit Facility 500…
  12. March 2019 Investor Presentation – Halcon Resources Corp – slide 12
    2019 Guidance 2019 Production (Boe/d) Total 19,000 22,000 % Oil 55% 60% Capex(1) (MM) D&C Capex 190 210 Infrastructure Capex (excluding water 60 80 infrastructure) Operating Costs LOE & Workover (/Boe) 6.50 7.50…
  13. March 2019 Investor Presentation – Halcon Resources Corp – slide 13
    Commodity Hedges Crude Oil (Bbl/d, /Bbl) (3,4) Q1'19 Q2'19 Q3'19 Q4'19 FY 2019 Q1'20 Q2'20 Q3'20 Q4'20 FY 2020 Costless Collars (Bbl/d) 10,000 11,000 12,000 13,000 11,510 4,000 4,000 4,000 4,000 4,000 (1) Ceiling 62.86 59.52 60.56…
  14. March 2019 Investor Presentation – Halcon Resources Corp – slide 14
    Appendix
  15. March 2019 Investor Presentation – Halcon Resources Corp – slide 15
    Oil & Gas Marketing & Takeaway Monument Draw West Quito Draw Hackberry Draw Projected Mar. 19: Projected Mar. 19: Current: Oil Marketing & Takeaway All oil taken to Wink via pipeline constructed All oil taken to Wink via…
  16. March 2019 Investor Presentation – Halcon Resources Corp – slide 16
    Multiple Targets Across All Acreage Monument Draw Type Log West Quito Draw Type Log Hackberry Draw Type Log 3,600 1st & 2nd BS 2,630 Shale Top Seal 3,520 3rd BS Shale 3rd BS Sand Deep Woodford Deep…
  17. March 2019 Investor Presentation – Halcon Resources Corp – slide 17
    Decades of Drilling Inventory As of December 31, 2018 Gross Remaining Operated Locations (1)(2) Derisked base case drilling inventory Additional targets 656 58 227 93 1,926 520 1,270 372 3rd BS/WC 2 WC Zones 3rd BS 2…
  18. March 2019 Investor Presentation – Halcon Resources Corp – slide 18
    Monument Draw Inventory Summary Stacked Reservoirs Provide Significant Development Inventory and Upside Opportunity Development Inventory Summary (Gross) Monument Draw Type Log Lateral Development Targets Remaining Upside…
  19. March 2019 Investor Presentation – Halcon Resources Corp – slide 19
    West Quito Draw Inventory Summary Tremendous Upside Potential in Undeveloped Bone Spring and Avalon Formations Development Inventory Summary (Gross) West Quito Draw Type Log Lateral Development Targets Remaining Wells / DSU(1)…
  20. March 2019 Investor Presentation – Halcon Resources Corp – slide 20
    Hackberry Draw Inventory Summary Thick Bone Spring and Wolfcamp Reservoirs Allow for Stacked Lateral Development Development Inventory Summary (Gross) Hackberry Draw Type Log Lateral Development Targets Remaining Upside…
  21. March 2019 Investor Presentation – Halcon Resources Corp – slide 21
    Ownership Summary Ownership Summary as of 2/7/19 Basic Shares Basic Shares Employee Net Fully Fully Diluted Holder Outstanding % Ownership Warrants (1) Options (2) Diluted Diluted % Ownership Other Common Equity Holders 154,032,776…

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