Seaport Global Annual Energy & Industrials Conference AUGUST 28. 2019
Investment Highlights Core position in Northern and Southern Delaware Basin of 13,000 acres Permian Pure Play Deep inventory of 500+ operated locations from multiple stacked benches Delaware Focused Actively expanding position from…
Pure Play Delaware Basin Operator Well positioned in one of the most prolific basins in the United States Leading Delaware Basin small-cap E&P company Lea County Two core operating areas: Northern and Southern Net Acres: 13,600…
Second Quarter 2019 Updates and 2019 Objectives Recent Highlights 2019 Objectives Q219 average net production of 18,934 Pursue accretive acreage acquisitions BOEPD, 70% oil and 85% total liquids Q219 Adjusted EBITDAX of 43.8 million…
2019 Guidance Capital investment aligned with Adjusted EBITDAX Provide 13% year-over-year production growth based on midpoint of guidance Maintain momentum into 2020 with modest growth from Q418 to Q419 Approximately 75% of capital…
Continued Growth of Proved Reserves and PV-10 Year-end 2018 proved reserves totaled 48.4 Proved Reserves December 31, 2018 (1) MMBoe Total proved reserves up 55% YoY Reserve Category Oil Gas NGL Total PV-10 (MBbls) (MMcf) (MBbls)…
Southern Delaware Basin Progress Overview and Results Producing Formation Bell/Cherry Canyon Wolfcamp Brushy Canyon Sand Parsley Structure Asset consisting of 300+ Avalon Equivalent IP30 179 Boepd/1,000 Ft CI = 100 Ft Wolfcamp…
Southern Delaware Development Update Pilot Well Total of 16 wells drilled to date, State Blanco 58 including recent State NL 1210 A3 Wolfcamp State Blanco 58 B1 with 10,000 ft. lateral drilled 3 Well Pad Avg IP30 in 14 days 155…
Southern Delaware Geology Wolfcamp Sweet Spot Central Pronounced depositional trough in the Basin Wolfcamp bounded on the west by Platform the deep Coyanosa structure and the east by the Central Basin Platform forms a sweet spot…
Northern Delaware Basin Execution Type Log Heart of the Delaware Rosehill has established production from 8 landing zones or benches, Type Log recently adding the 2nd Bone Spring Shale Offset operators (APC, EOG, CXO, etc.) Loving…
Significant Operational Improvement Coupled with improving wells results translates to enhanced economics Average Drilling Cost (MM) Northern Delaware - Wolfcamp Wells 4.0 Focused efforts to improve drilling costs Operational…
13 Midstream Infrastructure Flexible and Well-Positioned for Growth Ample Transport MidCush Basis Capacity to Midland Significantly Hedged in 99% Oil Piped FY19 & FY20 Northern Delaware Lea County Winkler Core Loving oil and…
Water Assets Create Value and Flexibility Gross Water Production - Northern and Southern Total Northern Total Southern 240,000 Currently utilizing 30% of 30 day average (BWPD) 200,000 available disposal capacity 160,000…
Capital Efficient Growth With Low Leverage Average Daily Production (Boepd) Adjusted EBITDAX (MM) (2) 210 - 230 20,000 - 21,500 204 18,337 5,838 47 2017 2018 2019 E 2017 2018 2019 E Capital Spending (MM) Debt / TTM…
Rosehills compelling investment profile Rosehill has an impressive corporate return profile when compared to peers. CROCI TTM ending June 30, 2019 (1) 20% Peer Average = 12.5% 10% 0% X ROSE A B C D E F G H ...yet is…
Capital Structure and Credit Profile Borrowing Base of 300MM as of Spring 2019 Capitalization and Liquidity (MM) (1) redetermination Cash 5 Potential for increase in Fall 2019 given strong PDP Revolving Credit Facility 240…
Hedge Positions Protect 2019+ Cash Flows Adjusted EBITDAX Sensitivity Leverage Ratio Sensitivity (Annualized impact of oil price changes through 2022 based (based on midpoint of 2019 guidance and 2019 hedge positions) on midpoint of…
Focused on the Future Well done is better than well said and we have the results to prove it Economic Growth Drill and Complete Existing Inventory of 500+ Locations Organic Leasing Accretive Acquisitions Conservative Financial…
Appendix
Experienced Management Team David French President and CEO Over 29 years of industry experience in multiple basins, including Permian Basin joined Rosehill in April 2019 Former CEO of Obsidian Energy and Bankers Petroleum Ltd BS of…
Board of Directors Gary Hanna Chairman Over 35 years of industry experience with Rosehill since September 2015 Former Chairman of Energy XXI Gulf Coast Inc.; Former Director of Hercules Offshore Inc. Former CEO and Chairman of EPL Oil…
Corporate Structure and Illustrative Dilution TEMA Oil and Gas Public Shareholders Series B Preferred Warrants (Class A Shares) Company Series A Preferred (Class B Shares) Rosehill Resources, Inc. (NASDAQ: ROSE, ROSEW and…
Non-GAAP Measures The following tables present a reconciliation of Adjusted EBITDAX to net income (loss), the most directly comparable GAAP financial measure for the periods indicated. Trailing Trailing Twelve Twelve Months Months…
Non-GAAP Measures Cash return on capital invested (CROCI) is a non-GAAP financial measure calculated by dividing the trailing twelve month Adjusted EBITDAX (a non-GAAP financial measure reconciled above) by average gross property and…
Non-GAAP Measures PV-10 is a non-GAAP financial measures used by management, investors and analysts to estimate the present value, discounted at 10% per annum, of estimated future cash flows of the Companys estimated proved reserves…
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