Skip to main content Scotia Howard Weil Energy Conference – SRC Energy Inc Investor Presentation | Shale Experts
Loading...
Pm

Scotia Howard Weil Energy Conference – SRC Energy Inc

SRC Energy Inc · Mar 25, 2019 · 14 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. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 1
    March 2019 Scotia Howard Weil Energy Conference NYSE American: SRCI
  2. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 2
    Operating with Local Community Support Voters in Colorado have signaled where oil and gas development is welcome. Larimer Weld Morgan Boulder Broomfield Gilpin Adams Denver Arapahoe Jefferson SRC is a pure play DJ…
  3. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 3
    Health, Safety and the Environment SRCs Highest Priority Reduce emissions Tier-4 (low emission) engines utilized in completion fleets Significant use of vapor recovery equipment in facilities Direct pipeline take-away reduces truck…
  4. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 4
    Comprehensive Drilling Plan (CDP) Mountain View CDP Secures operatorship for SRC across the CDP footprint Permits granted are good for the life of the CDP. Regulators welcome the transparency that a CDP provides for all…
  5. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 5
    Corporate Execution D&C Capex vs EBITDA (MM) Net Debt / LTM EBITDAX Net Daily Production (MBOE/D) (1) 1.8X 62 CAPEX 584 EBITDA 51 59 1.4X 461 450 488 1.1X 34 425 283 131 12 65 2016 2017 2018 2019 EST. 2016 2017 2018 2016…
  6. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 6
    2019 Program 2019 Guidance Full year average production guidance : 59 - 62 Mboe/d Total Capex : 425-450 MM 2019 operations funded by operating cash flow Drill 99 gross (90 net) wells and complete 68 gross (62 net) wells in…
  7. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 7
    Sound Economics in Todays Environment Example Full-Cycle NPV & IRR Per Well Economics 600 MBOE 800 MBOE 1 MMBOE NPV 1.0 MM 3.0 MM 5.0 MM IRR 20% 50% 85% Full cycle Wattenberg well economics are competitive with other major…
  8. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 8
    Expanding Midstream DCP Midstream 5 OConnor 2 with 200 MMcf/d of processing capacity plus 100 MMcf/d of bypass capacity is under construction and expected to be in service Q2 of 2019 Bighorn permits have been submitted for 1 Bcf/d of…
  9. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 9
    Current D&C Operations McNear Pad: 12 (11 Net) LL Waiting on Beebe Pad: 12 (11 Net) LL Completion wells Drilling Troudt Pad III: 12 (12 Net) 12 LL wells Stimulation wells in Progress Lincoln Pad: 12 (8 Net) LL 12 wells Bost Farm Pad:…
  10. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 10
    SRC Energy Pure play DJ Basin operator with contiguous acreage position 2019 operations funded by cash flow Multi-year inventory of high return development Expanding infrastructure Strong balance sheet with 1.4x net debt/EBITDA…
  11. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 11
    Appendix 12
  12. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 12
    Operational and Financial Performance Commodity Mix Cash Cost ( / Boe) Gas NGLs Oil Cash G&A Production Taxes LOE 36% 35% 33% 31% 31% 34% 35% 33% 7.59 6.71 6.54 6.56 6.89 6.74 6.89 20% 18% 19% 20% 1.44 21% 22% 23% 23% 5.58 1.09…
  13. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 13
    Hedging Summary as of December 2018 Disclosure on Derivative Instruments The Company has entered, or may enter in the future, into commodity derivative instruments utilizing, price swaps, collars, put or call options to reduce the…
  14. Scotia Howard Weil Energy Conference – SRC Energy Inc – slide 14
    Adjusted EBITDA Reconciliation SRC ENERGY INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) Three months ended Twelve months ended 12/31/2018 12/31/2017 12/31/2018 12/31/2017 Adjusted EBITDA Net Income…

From the store

Browse maps, data & reports in the Shale Experts store