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December 2019 Corporate Presentation – Panhandle Oil and Gas Inc.

Panhandle Oil and Gas Inc. · Dec 13, 2019 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 1
    PHX LISTED NYSE 1 Corporate Presentation December 2019
  2. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 2
    PANHANDLE OIL AND GAS OVERVIEW Market Overview Investment Highlights New York Stock Exchange PHX Shares Outstanding (1) 16.3 MM Focused on mineral and royalty ownership Share Price (2) 11.82 Total Equity Value 193.1 Ownership in…
  3. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 3
    CORPORATE STRATEGY Proactively Grow our Mineral and Royalty Holdings o Take advantage of current consolidation in the minerals sector o Target oil and liquids rich basins o No additional working interest participation in new wells…
  4. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 4
    WHY MINERALS 1927 1949 1970 1978 1990 2019 & Beyond Electrical Logging Hydraulic Seismic Measurement Shale Future Fracturing Technology While-Drilling Fracturing Technology Perpetual option to benefit from future development and…
  5. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 5
    MINERAL AND LEASEHOLD POSITION BAKKEN/THREE FORKS SCOOP/STACK PERMIAN FAYETTEVILLE BASIN ARKOMA STACK - PHX MINERALS - PHX LEASEHOLD - PHX OWNERSHIP COUNTIES EAGLE FORD Corporate Presentation December 2019
  6. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 6
    NET MINERAL ACREAGE Over 70% of Panhandles net mineral position is currently open o Provides opportunity to generate additional cash flow from bonus payments and royalties without spending additional capital Panhandle has an active…
  7. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 7
    SEC PROVED RESERVES PDP Proved Developed Producing Reserves PDNP Proved Developed Non-Producing Reserves PUD Proved Undeveloped Reserves; 100% Royalty; 0% working interest (1) As of September 30, 2019 8 Corporate…
  8. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 8
    PORTFOLIO OVERVIEW SCOOP / Bakken / Arkoma STACK Three Forks Stack Permian Fayetteville Eagle Ford Other Total (1) Net Mineral Acres 11,171 3,095 11,592 39,275 9,903 0 183,195 258,231 % Producing 62% 90% 64% 10% 72% 0% 18% 60,763 %…
  9. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 9
    SCOOP / STACK POSITION Net Mineral Acres (1) 11,171 % Producing 62% % Leased But Not Producing 13% % Open 25% Net Production (Mmcfe/d) (2) 6.85 % Oil 12% % NGL 24% % Natural Gas 64% Gross / Net Wells Producing 393 / 5.10 Proved…
  10. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 10
    BAKKEN/THREE FORKS POSITION Net Mineral Acres (1) 3,095 % Producing 90% % Leased But Not Producing 0% % Open 10% Net Production (Mmcfe/d) (2) 1.46 % Oil 59% % NGL 5% % Natural Gas 36% Gross / Net Wells Producing 500 / 1.99 Proved…
  11. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 11
    ARKOMA WOODFORD POSITION Net Mineral Acres (1) 11,592 % Producing 64% % Leased But Not Producing 2% % Open 34% Net Production (Mmcfe/d) (2) 6.06 % Oil 0% % NGL 5% % Natural Gas 95% Gross / Net Wells Producing 324 / 12.52 Proved…
  12. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 12
    PERMIAN BASIN POSITION Net Mineral Acres (1) 39,275 % Producing 10% % Leased But Not Producing 14% % Open 76% Net Production (Mmcfe/d) (2) 0.36 % Oil 75% % NGL 15% % Natural Gas 10% Gross / Net Wells Producing 200 / 4.06 Proved…
  13. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 13
    FAYETTEVILLE POSITION Net Mineral Acres (1) 9,903 % Producing 72% % Leased But Not Producing 0% % Open 28% Net Production (Mmcfe/d) (2) 5.35 % Oil 0% % NGL 0% % Natural Gas 100% Gross / Net Wells Producing 1,372 / 22.60 Proved…
  14. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 14
    EAGLE FORD POSITION Net Leasehold Acres (1) 18,000 % HBP 100% Average Working Interest 16% Average NRI 12% Net Production (Mmcfe/d) (2) 2.79 % Oil 75% % NGL 13% % Natural Gas 12% Gross / Net Wells Producing 88 / 12.66 Proved…
  15. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 15
    ACTIVE PORTFOLIO MANAGEMENT Panhandle is focused on actively managing its mineral portfolio through: o Seeking out lessors for open acreage generates upfront bonus revenue and improves visibility of future royalty income o Acquiring…
  16. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 16
    MINERAL PRODUCTION: STEADY GROWTH Proven organic growth from existing mineral portfolio throughout various pricing environments Growing royalty volumes represent 36% of total company volumes in 2019, highest percentage in the last 15…
  17. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 17
    CASH MARGIN PER MCFE Revenues generated from mineral ownership generate compelling cash margin across various hydrocarbon pricing scenarios (1) 2019 G&A includes several one time items associated with employee severance and…
  18. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 18
    Capital Allocation Capital allocation focused on growing mineral and royalty position while maintaining a flexible capital structure Panhandle has not elected to participate in any working interest wells since the end of Fiscal 2018.…
  19. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 19
    FINANCIAL HIGHLIGHTS For the Fiscal Years Ended Sept 30, 2019 2018 Working Interest Sales 25,418,411 35,055,167 Royalty Interest Sales 13,991,625 13,330,168 Lease Bonus 1,547,078 1,580,997 Gain on Sales 18,973,426 - Gain (Loss) on…
  20. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 20
    HEDGE POSITION AS OF DECEMBER 12, 2019 Calendar Collar Average Collar Average Year Product Volume Mcf/bbl Swap Price Floor Price Ceiling Price 2020 Natural Gas 70,000 2.20 2.59 2020 Natural Gas 1,350,000 2.78 2021 Natural Gas 30,000…
  21. December 2019 Corporate Presentation – Panhandle Oil and Gas Inc. – slide 21
    INVESTMENTS HIGHLIGHTS Focused on mineral and royalty ownership Ownership in multiple top-tier resource plays Exposure across the product spectrum oil, NGL and natural gas Material undeveloped mineral position in hydrocarbon…

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