Mid-Con Energy Partners, LP Partnership Profile Strategic Focus Develop and operate waterflood projects Manage mature fields with complex histories Establish a low-decline production base…
Transforming the Partnership Strategic Shift in the Asset Base MCEP Assets as of 2014 MCEP Assets as of 2Q19 HIGHLIGHTS Developed and divested assets at premium sale Divested prices 2016 Acquired low decline assets Acquired 2018…
Transforming the Partnership Strengthening the Balance Sheet and Reserves Volumes Reduced Debt by 139 MM and Maintained Reserves Volumes Our success is a result of: Project Execution, Acquisitions and Divestitures, and Operational…
Project Execution Cleveland Unit Waterflood Development 800 Cleveland Field - 1905 Net Oil Production (BOPD) 700 600 500 400 300 200 100 0 2013 2014 2015 2016 2017 2018 2019 Cleveland Field Brownfield Redevelopment…
Project Execution Eastern Shelf (WTX) Waterflood Developments Corsica Strawn Waterflood Eastern Shelf (WTX) Acquired 4Q14 Divested 1Q19 400 350 Acquired assets in the Eastern Shelf of the Permian Gross Daily Oil (BOPD) 300…
Acquisitions and Divestitures Deleveraging through Strategic A&D Successful project execution was critical in 60 divesting assets at higher multiples. Acquisitions focused on projects with growth Transaction Price (M Per Flowing…
Operational Efficiencies Recent Oklahoma Transactions (2Q18 and 1Q19) 2Q18 Oklahoma acquisition and the 1Q19 strategic 1Q19 Strategic Transaction Net Operating Expenses transaction continued the portfolio transformation 1,274 1,287 and…
Strategic Transformation Building Stable Production and Positioned for Growth Navigated the Downturn and Achieved Significant Debt Reduction Entered price collapse of 2014 with 205 MM drawn on the RBL Since 2014, reduced debt by 139 MM…
House Creek Sussex Unit (WY) Operations Overview House Creek Sussex Unit (WY) Through June 2019 House Creek Sussex Unit (WY) Gross Daily Oil Production - BOPD 1000 Cumulative Production to Date Over 28 MMBO 100 Acquired…
Pine Tree Shannon Unit (WY) Waterflood Development The field was discovered in 1976 and drilled on 160-acre spacing. Of the 60 wells drilled, 59 are usable wellbores. The Pine Tree field has been prolific, producing over 11 MMBO from…
First Injection at Pine Tree Unit Initial Development and 2H19 Plan Base Map with Cumulative Oil Indicated The initial waterflood development at Pine Tree will focus on the north half of the field where wells had excellent primary…
Wyoming Growth Projects Waterflood Developments Pine Tree Unit Muddy Sand Project Cumulative Oil to Date: 11.3 MMBO Prolific producer on primary, 22 MMBO 1st injection 2Q19 Located in Muddy Sand waterflood trend Continue…
Summary and Recent Highlights Development initiated at the Pine Tree field in Wyoming. Achieved conditional approval for secondary unit (13,314 acres) and first injection within 18 months of initial acquisition. Positioned for Growth…
Appendix
Transforming the Partnership Production Profile 5,000 4,500 (2) (3) 4,000 (4) (7) (6) (8) 3,500 Net Boe/d 3,000 (5) (1) 2,500 2,000 1,500 1,000 500 - HUG NEOK SOK GC PERMIAN WHEATLAND WYOMING 3Q18 OK…
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