Company Overview E N T E R P R I S E VA L U E : Hereford Field 1,000 million1 84,300 net acres 4Q19 Production: 10,575 Boe/d PROVED RESERVES : 127 MMboe (YE 2019) 58% Oil 41% Proved Developed Northeast Wattenberg 58,300 net acres…
4Q 2019 Summary OPERATIONAL FINANCIAL 4Q production sales volume of 3.5 MMBoe; 12% Generated EBITDAX of 97MM; 6% y/y increase y/y increase Significant per unit reduction in cash G&A 4Q oil sales volumes of 2.0 MMBbls; 58% of…
Large, Contiguous, Rural Asset Portfolio Large, contiguous acreage position is Total Acreage largely held by production 142,600 net acres 100% located exclusively in rural unincorporated Weld County - supportive of Hereford…
Top Tier Margin Generation DJ Basin Operating Margin and Oil Weighting Peer Leading 34% higher margin than Peer Average Operating Margins 35 70% 30.43/boe 30 Generating greater unhedged 60% 25 Peer Average - 22.64/boe operating…
2020 Guidance Disciplined Capital Approach 2020 Guidance 2020E Maintain a disciplined business approach and prudently allocate capital to highest return Total Production (Mmboe) 1 10.5 - 11.0 development opportunities Oil…
Committed to Safety and Environmental Stewardship Standing Committee at the Board level, sets tone at the 5-yr average employee injury rate 75% below industry avg. top We employ two Certified Safety Professionals who manage Use of…
Corporate Responsibility HighPoint is a Leader in Corporate Responsibility ENVIRONMENTAL We extract natural resources in a manner that minimizes environmental impacts and complies with all laws and regulations The safety and…
Operational Overview NYSE: HPR
Hereford Field Overview Large, contiguous, undeveloped and exclusively rural acreage 80% Oil Avg. Development targets combination of Fairway Field Niobrara B (thickness range of 100 to EOG Premium Play 84,300 net acres 120)…
Hereford Field Activity 1 Section 11-63-16 (11 XRL Wells) East: 7 wells placed on flowback in 2019 (16-well spacing) Laramie Gen 2 completion of 30 barrels of fluid per foot and increased well density Average per well cumulative…
Hereford Well Performance Update 70,000 Section 16 East 16 well density test 60,000 Average per well cumulative oil production 40% greater than previous wells at 230 days 50,000 Established successful baseline for future…
NE Wattenberg Overview Legacy acreage provides stable cash flow base to support development 60% Oil Avg. opportunities Continuous optimization of completions and flowback has resulted in improved results Implemented higher…
NE Wattenberg Field Activity 1 Section 5-61-34/35 & 35/36 (16 XRL Wells) 60% Oil Avg. 9 DUCs to be completed in 2Q20 2 Section 4-61-4/5 (12 XRL Wells) Completed 6 of 12 wells; initial flowback anticipated in 1Q20 Remaining 6…
High Intensity Completions Outperform Across NE Wattenberg Acreage Application of technology continues to increase asset value and extend runway of future development 140,000 160,000 80,000 140,000 70,000 120,000 +40% +40%…
Efficiencies Driving Well Costs Lower NE Wattenberg XRL DC&E Cost 45% improvement in well costs with 57% increase in fluid intensity Full DSU development maximizes 9.0 35 drilling and completion efficiencies 8.25 30 Continue to…
Diversified Crude and Gas Marketing Crude Overview Multiple crude outlets provide 600 MBbls/d of take- away capacity Local refineries and rail provide additional outlets HPRs Gas Processing Outlets Favorable API gravity crude…
Finance Overview NYSE: HPR
No Near Term Maturities DEBT MATURITIES (MM) Sufficient liquidity to fund future development 600 YE2019 liquidity of 350 million 500 No near term debt maturities 400 Nearest debt maturity in 4Q 2022 300 Minimal oil…
Oil Hedging Supports Capital Program and Protects Cash Flow Hedge Portfolio vs. Strip Execute hedge portfolio to 2020 2021 support capital program, 60 60 protect future cash flow and WTI Price (/Bbl) WTI Price (/Bbl) 58.32…
Appendix NYSE: HPR
Regulatory Landscape SB 181 Overview Recent Steps On April 17th, 2019 Governor Polis signed Senate Bill On August 28, 2019 the COGCC signed an MOU with Weld County 181 into law. The Bill provides a general framework for…
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 Hereford is located in a sweet spot defined by Key Geologic Criteria excellent source rock quality, reservoir quality, Hereford Hereford thermal maturity, and fracturing Position…
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…
Financial Results Summary Three Months Ended Twelve Months Ended December 31, December 31, 2019 2018 2019 2018 Production sales volumes (MBoe) 3,500 3,112 12,538 10,171 Net cash provided by (used in) operating activities (…
Financial Results Summary (continued) Three Months Ended Twelve Months Ended December 31, December 31, 2019 2018 2019 2018 Average Sales Prices (before the effects of realized hedges): Oil (per Bbl) 53.00 56.35 52.86 62.04…
Non-GAAP Reconciliation (Unaudited) EBITDAX Reconciliation Three Months Ended Twelve Months Ended December 31, December 31, 2019 2018 2019 2018 (in thousands) Net Income (Loss) (47,805) 222,423 (134,830) 121,220 Adjustments to…
Non-GAAP Reconciliation (Unaudited) Discretionary Cash Flow Reconciliation Three Months Ended Twelve Months Ended December 31, December 31, 2019 2018 2019 2018 (in thousands) Net Cash Provided by (Used in) Operating Activities…
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 NYSE: HPR
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