Skip to main content 4Q 2018 Earnings Call Presentation – Roan Resources | Shale Experts
Loading...
Pm

4Q 2018 Earnings Call Presentation – Roan Resources

Roan Resources · Mar 19, 2019 · 23 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. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 1
    4Q 2018 Investor Presentation March 2019 1
  2. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 2
    Roan Snapshot Company Overview Largest Contiguous Acreage Position in Merge 54.1 MBoe/d net production (27% oil, 31% NGLs) as of 4Q18 Acreage Position 172,000 total net acres with 115,000 of contiguous acreage in (Net Acres) Merge…
  3. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 3
    Roan Acreage has Optimal Woodford Petroleum System Characteristics Woodford Thickness Woodford Maturity Woodford Source Potential Index Thicker source rock Higher maturity High % liquids + gas Roans acreage is in the heart of the…
  4. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 4
    2018 Highlights Metric 4Q 2018 FY 2018 Adjusted EBITDAX(1) 88 MM 299 MM 54.1 MBoe/d 43.7 MBoe/d Total Production (27% oil, 31% NGLs, 42% gas) (27% oil, 29% NGLs, 44% gas) Oil Production Up 25% QoQ Up 200% YoY Drilled wells(2)…
  5. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 5
    Optimizing 2019 Based on 2018 Program 2018: Aggressive de-risking program 1.7 Several lessons learned in 2018 will be applied in 2019 1.3 Applying lessons retroactively to the 2018 Optimizations program would lead to a…
  6. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 6
    All 4Q 2018 Well Results Normalized to 10,000-foot lateral At 90-day rate Well Name Formation 30-day IP (Boe) 90-day IP (Boe) Oil % NGL% DON'S RANCH 6-31-9-5 1MXH Mayes 1,662 1,518 65% 16% FAIR PLAY 34-3-5-4 1XH Woodford 1,340 1,210…
  7. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 7
    4Q 2018 Wells Represent Oilier Mix Cumulative Oil Production 4Q18 wells: (Normalized to 10,000) 50,000 20 wells turned online 35% Average 30-day IP: 1,082 Boe/d (52% oil, 40,000 20% NGLs)(1) 15% 30,000 Average 90-day IP: 906…
  8. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 8
    Improving Capital Efficiency Through Better Pressure Management Pressure management: Rate vs. Time Comparison Managing bottom-hole pressure drawdown to keep reservoir pressure Rate (Bo) above bubble point Shallow decline rates…
  9. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 9
    15+ Years of Premium Inventory Based on conservative unit well intensity Area Operated 2- Operated 1- Total mile units(1) mile units(1) Laterals(2) Merge 91 52 959 SCOOP 20 25 342 STACK STACK 1 4 25 Total Remaining 112 81 1,326…
  10. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 10
    2019 Guidance Summary 2018A 2019E 2019 Plan Highlights Production (MBoe/d) 43.7 56.0 59.0 Reducing capital activity to focus on Oil Mix 27% 26 28% generating free cash flow by fourth Liquids Mix 56% 58 60% quarter 2019 LOE…
  11. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 11
    1Q 2019 Production Guidance 1Q19 Production down QoQ: Spuds, Completions and First Sales: No wells turned to sales for 80 days from 10 9 9 9 late 4Q18 to 1Q19 7 4 3 3 Halted completion activity to reset service costs and observe…
  12. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 12
    Reserve Summary SEC Oi l Na tur a l Ga s NGLs To ta l Oi l Li q ui ds PV- 10 (1) PV - 10 Ca te go r y (M MB bl s) (B cf) (MM B bl s) (M MB o e ) % % (M M ) % PDP 18.7 369.7 39.9 120.2 16% 49% 1,127 54% DUC - PUDs 5.0 64.1 6.9 22.6…
  13. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 13
    Capitalization & Credit Metrics Capitalization & Credit Metrics Peer 4Q'18 LQA Leverage(3) 2.5x MM 4Q 2018 2.2x 2.1x 1.9x Capitalization 2.0x 1.8x 1.6x 1.6x Cash 7 1.5x 1.4x 1.4x 1.3x Credit Facility Debt 515 Total Debt 515…
  14. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 14
    Current Hedge Summary As of March 14, 2019: 1Q19 2Q19 3Q19 4Q19 2019 2020 Oil Hedges Volume Hedged Daily (Bbls/d) 13,814 13,057 14,151 15,051 14,022 8,370 Average Hedge Price (/Bbl) 60.65 60.24 60.04 59.91 60.20 60.74 Natural Gas…
  15. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 15
    Investment Thesis for Roan Success Criteria Roan Pure play operator with large acreage position in 80% of Merge acreage is in Merge oil and liquids-rich windows oil and liquids-rich windows Transportation costs to Cushing < 1.50…
  16. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 16
    Contact Information Roan Resources: Investor Relations Alyson Gilbert Phone: 405-896-3767 Email: irroanresources.com 17
  17. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 17
    2018 Cash Margin Production Summary 1Q18 2Q18 3Q18 4Q18 FY 2018 Oil Sales (MBbls/d) 11.5 9.6 11.8 14.8 12.0 Natural Gas Sales (MMcf/d) 99.0 100.6 124.1 134.8 114.8 NGLs Sales (MBbls/d) 9.7 9.7 14.0 16.8 12.6 Total (MBoe/d)(1) 37.7…
  18. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 18
    Non-GAAP Reconciliations Adjusted EBITDAX is a non-GAAP financial measure. We define Adjusted EBITDAX as net income (loss) adjusted for interest expense, income tax expense, depreciation, depletion, amortization and accretion,…
  19. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 19
    Non-GAAP Reconciliations Adjusted net income and adjusted net income per share are non-GAAP performance measures. The Company defines adjusted net income and adjusted net income per share as net (loss) income and net (loss) income per…
  20. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 20
    Non-GAAP Reconciliations PV-10 is not a financial measure calculated or presented in accordance with GAAP and generally differs from standardized measure, the most directly comparable GAAP financial measure, because it does not include…
  21. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 21
    Revenue Recognition Reconciliation The Company adopted ASC 606 on January 1, 2018 using a modified retrospective approach, which only applies to contracts that were not completed as of the date of initial application. The adoption did…
  22. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 22
    2018 ROE and ROCE Reconciliation Return on Equity (ROE) and Return on Capital Employed (ROCE) are not financial measures calculated or presented in accordance with GAAP. The following table presents the calculation of ROE and ROCE: ROE…
  23. 4Q 2018 Earnings Call Presentation – Roan Resources – slide 23
    25

From the store

Browse maps, data & reports in the Shale Experts store