Harvest Oil & Gas Investor Presentation March 2019
Forward-Looking Statement This presentation contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities…
Harvest Oil & Gas Overview Upstream corporation began operations in June 2018 Successor to EV Energy Partners, L.P. (EVEP) as part of pre-packaged Chapter 11 Plan Common stock & warrants trade on OTCQX under symbols HRST & HRSTW…
Harvest Year-End Proved Reserves Summary RESERVES BY COMMODITY RESERVES BY AREA 2019 CAPEX: 3 - 6 MILLION Permian Basin Monroe Field Appalachian Basin & Mid-Continent area Crude Oil Michigan 6% 4% 3% 8% 14% NGL's Mid-Continent 25%…
Barnett Shale 28 % working interest Over 90% non-operated Total acreage: 164,276 gross / 40,658 net acres Reservoirs: Barnett Shale Reservoir Depths: 6,500 8,500 Gross wells as of 12/31/2018: 1,356 Proved Reserves: 280.1 Bcfe 1%…
Appalachian Basin 62% operated Total acreage: 934,452 gross / 726,071 net acres Reservoirs: Primarily Knox and Clinton, as well as other Devonian age sands Reservoir Depths: 4,000 7,000 (majority of wells) Gross wells as of…
Michigan 80% operated Total acreage: 88,941 gross / 64,455 net acres Reservoirs: Antrim Shale Reservoir Depths: 1,000 1,400 Gross wells as of 12/31/2018: 1,502 Proved Reserves: 64.5 Bcfe 1% Crude / 98% Natural Gas / 1% NGL 2018…
Mid-Continent Area Position comprised of small working interest across many operators 10% operated Total acreage: 306,582 gross / 56,025 net acres Deep rights in some locations Gross wells as of 12/31/2018: 1,666 Proved Reserves:…
Permian Basin 98% operated Total acreage: 12,215 gross / 11,253 net acres Reservoirs: Yates, Seven Rivers, Queen, Morrow, Clear Fork, and Wichita Albany Reservoir Depths: 2,000 4,000; No deep rights Gross wells as of 12/31/2018:…
Monroe Field 100% operated with 98% working interest Total acreage: 176,250 gross / 151,570 net acres Gross wells as of 12/31/2018: 3,831 Proved Reserves: 21.2 Bcfe 100% Natural Gas 2018 Production: 3.9 Mmcfe/d Harvest…
Capital Structure ( in millions) As of May 31, 2018 Pre Post (1) Restructuring Restructuring Current Credit Facility 297 297 55 8.00% Sr. Unsecured Notes 343 - - Total Debt 640 297 55 Cash and Cash Equivalents (34) (21) (6)…
Current Commodity Hedging Portfolio Gas Volume Hedged (Mmcf/d) Oil Volume Hedged (MBbl/d) 2.77 63.02 2.70 63.22 60.51 2.0 MBbl/d of ethane at 11.50 for 2019 1.0 MBbl/d of propane at 32.76 for 2019 1.4 MBbl/d of ethane at…
2019 Guidance ( in millions) 1Q 2019 2Q - 4Q 2019 (1) Net Production Natural Gas (Mmcf) 8,062 - 8,911 20,128 - 22,247 Crude Oil (Mbbls) 170 - 188 426 - 471 Natural Gas Liquids (Mbbls) 464 - 513 1,017 - 1,124 Total Mmcfe 11,867 -…
Appendix
Reconciliation of Standardized Measure to PV-10 at December 31, 2018 Standardized measure 436.4 Future income taxes, discounted at 10% 73.2 PV-10 509.6 At December 31, 2018, our proved reserves had a standardized measure of…
Senior Management Team Michael E. Mercer has served as President and Chief Executive Officer and Director of the Company since June 4, 2018. Mr. Mercer served as President and Chief Executive Officer and Director of EV Energy…
Board of Directors Steven J. Pully provides consulting and investment banking services for companies and investors focused on the oil and gas sector. From 2008 until 2014, Mr. Pully served as General Counsel and a Partner of the…
Pre-Packaged Chapter 11 Plan Predecessor to Harvest Oil & Gas Corp. was EV Energy Partners, L.P. (EVEP) EVEP filed pre-packaged Chapter 11 Plan on April 2, 2018 with overwhelming support from key stakeholders Approval of 100% of…
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