Harvest Oil & Gas Investor Presentation December 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 & OTCQB under symbols HRST &…
Current Harvest Asset Base Total Proved Reserves: 225 Bcfe(1)(2)(3) Percent Developed: 100% Percent Natural Gas: 73% Michigan Proved Reserves: 64.5 Bcfe 2018 Production: 12.8 Mmcfe/d Mid-Continent Area(3) Proved Reserves: 3.0…
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…
Permian Basin Entered into definitive agreement to sell Permian Basin assets in October 2019 for 3 million with expected closing by year-end 2019 98% operated Total acreage: 12,215 gross / 11,253 net acres Reservoirs: Yates, Seven…
Mid-Continent Area Since January 2019, Harvest has sold a significant majority of its Mid-Continent area assets Remaining position comprised primarily of small non-operated working interests across many operators in Kansas, Oklahoma,…
Current Commodity Hedging Portfolio Gas Volume Hedged (Mmcf/d) Oil Volume Hedged (MBbl/d) 2.78 63.53 2.68 60.50 160 Bbl/d of ethane at 11.60 for 4Q 2019 170 Bbl/d of propane at 32.76 for 4Q 2019 150 Bbl/d of ethane at…
4Q 2019 Guidance ( in millions) 4Q 2019 Net Production Natural Gas (Mmcf) 3,218 - 3,557 Crude Oil (Mbbls) 108 - 119 Natural Gas Liquids (Mbbls) 45 - 49 Total Mmcfe 4,134 - 4,569 Average Daily Production (Mmcfe/d) 45 - 50 Net…
Appendix
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…
Loading...
