Company Overview Exclusively Rural and Oily Proved Reserves 12/31/18 104.6 MMBoe Acreage Position in the Asset Profile % Proved Developed 49% DJ Basin % Oil 56% 2Q19 Production 2.8 MMBoe Production % Oil 62% FY19…
Investment Highlights Exclusively rural and oily acreage in unincorporated Weld County, which is supportive of industry activity High oil weighting, low cost structure and attractive oil differentials deliver peer leading operating…
2Q 2019 Results Highlight Strong Execution Production of 2.8 MMBoe (62% oil) represents an increase of 18% from 2Q 2018 Oil production of 1.75 MMbbls grew 16% over 2Q 2018 Strong operational execution with 30 gross wells on…
Advantaged Asset Portfolio Located Outside of Municipalities 100% of acreage is located exclusively in rural unincorporated Weld County and outside of municipalities Total Acreage 155,400 net acres 155,400 net acres that is…
Top Tier Margin Generation DJ Basin Operating Margin and Oil Weighting 24% higher margin than Peer Average Peer Leading 35 70% Operating Margins 30.30/boe 30 Peer Average - 24.51/boe 60% 25 Generating greater unhedged %…
2019 Guidance Delivers Enhanced Asset Value Production Volumes (MMBoe) 2019 Outlook 13.0 12.5 10.2 Delivering on operational plan with strong 6.2 execution Demonstrated commitment to capital discipline 2017 2018 2019E with…
Operational Overview NYSE: HPR
Hereford Field Overview Largely undeveloped and exclusively rural acreage position provides decade of highly economic drilling locations Early field delineation with 62 producing SRLs and 80% 10 producing XRLs across acreage…
Hereford Field Activity 1 Section 11-63-15 (10 XRL Wells) All wells completed and on controlled flowback Utilized standard intensity completion design of 1,500 lbs of sand per lateral foot and 20 bbls of fluid per lateral foot…
Hereford Development Optimization Summary Accelerates multiple generations of completion improvements; will provide definitive conclusions on optimal well density and completion design Consists of 23 XRL wells, including 3 with…
NE Wattenberg Overview Acreage provides cash flow base to support Hereford development opportunity 60% Oil Avg. 68,600 net acres favorable for XRL development Continuous optimization of completions and flowback has resulted in…
NE Wattenberg Field Activity 1 Section 4-63-5 (7 XRL Wells) Placed on flowback in July 60% Oil Avg. Completed utilizing high-fluid intensity completions Strong early results, performing consistent with a 1 MMBoe EUR type curve 2…
Continuous Improvement from Optimized Completions and Flowback 140000 Continued outperformance Continuous year-over-year 120000 compared to historical refinement of completions and completions flowback has resulted in…
Diversified Crude and Gas Marketing Crude Overview Multiple crude outlets provide 600 MBbls/d of take- away capacity SUMMIT Local refineries and rail provide additional outlets Favorable API gravity crude results in premium pricing…
Finance Overview NYSE: HPR
Strong Balance Sheet with No Near Term Maturities Significant liquidity of 340 million to fund future development No near term debt maturities Anticipate net debt to EBITDAX of 2x at YE 20191 Debt Maturities (mm) Net Debt /…
Hedging Supports Capital Program and Protects Cash Flow Manage hedge portfolio to support capital program, protect future cash flow and reduce commodity price risk Strategy is to hedge 50-70% of production on a forward 12-month to…
Investment Summary Exclusively rural DJ Basin pure-play with high- quality, oily acreage largely held by production Demonstrated technical execution with strong continuous year-over-year improvement in well performance from…
Appendix NYSE: HPR
HighPoint has Exclusively Rural and Oily Acreage Operational Control and Efficient Development Combined acreage position is exclusively rural Exclusively Rural Acreage Away in nature with no urban exposure from Populated Areas…
Hereford Field Targets Consistent Across Acreage Consistent geology from Colorado Hereford Field to Wyoming Fairway Field Continuity and consistency of primary targets across acreage position Niobrara B bench thickness range = 100…
Hereford Located in Strong Oil Producing Fairway Key Geologic Criteria Key geologic criteria indicates strong oil Hereford Hereford producing fairway and hydro carbon charge Position Position that compares favorably to Greater…
Core and Petrophysical Analysis Confirms Resource Niobrara Codell Stacked B1 and B2 zone creates the Codell thickness ranges from highest net chalk pay for a single 17-23; thicker than most areas of Greater Wattenberg Niobrara…
Hereford Development Optimization Overview Downhole Fiber Optics Initiated a comprehensive data collection effort Assesses Completion Cluster Performance utilizing integrated surface microseismic, tilt meter and downhole fiber optic…
Hereford Development Sequencing Methodical sequencing of drilling and completion operations across multiple DSUs drives operational efficiencies and reduces completion interference Results in more effective wellbore stimulation with…
2018 Year End Proved Reserves Proved reserves increased 22% Proved Reserves 22% Growth in 2018 (MMBoe) over YE 2017 to 105 MMBoe Maintained conservative 140 approach to PUD additions by 120 limiting PUD inventory to only one…
Financial Results Summary Three Months Ended Three Months Ended June 30, March 31, 2019 2018 Change 2019 Change Combined production sales volumes (MBoe) 2,841 2,409 18 % 2,798 2 % Net cash provided by operating activities (…
Financial Results Summary (continued) Three Months Ended Three Months Ended June 30, March 31, 2019 2018 Change 2019 Change Average Realized Prices before Hedging: Oil (per Bbl) 55.46 65.07 (15)% 50.82 9% Natural gas (per Mcf)…
Non-GAAP Reconciliation (Unaudited) EBITDAX Reconciliation Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 (in thousands) Net Income (Loss) (1,910) (46,906) (98,139) (71,843) Adjustments to reconcile…
Non-GAAP Reconciliation (Unaudited) Discretionary Cash Flow Reconciliation Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 (in thousands) Net Cash Provided by (Used in) Operating Activities 20,862 14,570…
555 17th Street, Suite 3700 Denver, Colorado 80202 303.293.9100 Website: www.hpres.com Investor Relations Contact: Larry C. Busnardo 303.312.8514 lbusnardohpres.com
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