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4Q 2019 Earnings Presentation – Goodrich Petroleum Corp.

Goodrich Petroleum Corp. · Mar 5, 2020 · 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. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 1
    Earnings Call Slides 4Q19 March, 2020
  2. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 2
    Environmental: Total Gas Flared: 0 Total GHG Emissions: (2019) (000 Mt) (EPA,LDEQ,MDEQ,TECQ Compliant) 27 Total Water Use (2019 - MMBls): 5.1 Social: Number of Employees: 51 Percentage of Employees Unionized: 0% Percentage of…
  3. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 3
    HAYNESVILLE PURE PLAY OPPORTUNITY 16 Year Inventory of Core Locations (77% Operated) Acreage is Held By Production and Fully De-Risked 1.0 Tcf of Natural Gas Resource Potential in North Louisiana HAYNESVILLE HAYNESVILLE SHALE -…
  4. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 4
    SEC Proved Reserves (Bcfe) YE19 Proved Reserves by Commodity (Bcfe, %) Natural Gas ETX TMS NLA - Haynesville Total 600 510 (99%) 517 480 500 428 Oil - 7 (1%) 400 YE19 Proved Reserves by Area (Bcfe, %) 303 HS 510 300 (99%)…
  5. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 5
    Cash 1,452 Debt Senior Credit Facility 92,900 2L Convertible Notes 12,969 Total Debt 105,869 Total Net Debt 104,417 March, 2020 6
  6. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 6
    160,000 Mcfe/Day 140,000 120,000 100,000 80,000 60,000 Mcfe/Day 40,000 20,000 - * Mid-Point of Guidance March, 2020 7
  7. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 7
    Period Natural Gas Volumes Swap Volumes Collar Volumes Swap Price Collar Prices (MCFPD) (MCFPD) (MCFPD) 4Q19 100,000 100,000 0 2.89 1Q20 70,000 70,000 0 2.87 2Q20 70,000 47,000 23,000 2.54 2.40 - 2.62 3Q20 70,000 45,000 25,000 2.56…
  8. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 8
    Activity (Turned In Line) Wells Production 2020E Gross (Net) Wells: 13 (5.8) Annual Net Production: 53 56 Bcfe Average Net Lateral Length: 8,500 Avg Daily Production (Mid-Point): 149,300 Mcfe/d Percentage Operated (Net): 72%…
  9. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 9
    ROCE 25.00 20.00 15.00 10.00 5.00 0.00 -5.00 GDP -10.00 Peer Group Includes: APA,AR,BCEI,CDEV,CHK,CLR,COG,CPE,CRC,CRK,CXO,DNR,DVN,EOG, March, 2020…
  10. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 10
    NET DEBT/EBITDA 6.00 5.00 4.00 3.00 2.00 1.00 0.00 GDP Peer Group Includes: APA,AR,BCEI,CDEV,CHK,CLR,COG,CPE,CRC,CRK,CXO,DNR,DVN, EOG,EQT,FANG,GDP,GPOR,HPR,KOS,LPI,MGY,MTDR,MUR,NBL,OAS,OVV,PDCE,PE,PVAC,PXD,QEP…
  11. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 11
    EV/EBITDA 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 GDP Peer Group Includes: APA,AR,BCEI,CDEV,CHK,CLR,COG,CPE,CRC,CRK,CXO,DNR,DVN,EOG,EQT, March, 2020 FANG,GDP,GPOR,HPR,KOS,LPI,MGY,MTDR,MUR,NBL,OAS,OVV,PDCE,PE,PVAC,…
  12. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 12
    Pay Zones GDP 22,000 Net Acres 100 300 feet March, 2020 13
  13. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 13
    Haynesville - Core Total Gross/Net Acres: 34,000/19,000 Average WI/NRI: 59%/43% Acreage HBP: 100% 117 total producing wells (32 Operated) 1/1/20 Inventory of 208 gross (91 NORTH net) potential locations on 880 LOUISIANA CORE…
  14. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 14
    HAYNESVILLE RECENT INDUSTRY ACTIVITY (1) CRK (23) CRK (2) CRK 3. CRK Gates 26-35 1 & 2 4. CRK 5. CHK (22) CHK Nissen 28-21HC 1 Nissen 28-21HC 2 FLORSHEIM 9-16 HC 10,000 Laterals HUNTER 28-21HC 1&2 GEPH Unit Black 1H 10,000 Lateral…
  15. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 15
    March, 2020 16
  16. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 16
    March, 2020 17
  17. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 17
    March, 2020 18
  18. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 18
    Assumptions Louisiana 4,600' Lateral Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 12.2 Bcf (2.7 Bcf/1,000) 10,000 Sales Gas BTU Price 1.020 Adjustment 1,000 Pricing Average - NYMEX less 0.15 / MMBtu Differentials/…
  19. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 19
    Assumptions Louisiana 7,500' Lateral Type Curve 100,000 Avg Daily Production (Mcfpd) EUR 21 Bcf (2.8 Bcf/1,000) 10,000 Sales Gas BTU Price 1.020 Adjustment 1,000 Pricing Average - NYMEX less 0.15 / MMBtu Differentials/…
  20. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 20
    10,000' Lateral Type Curve Assumptions Louisiana 100,000 Avg Daily Production (Mcfpd) EUR 25 Bcf (2.5 Bcf/1,000) 10,000 Sales Gas BTU Price 1.020 Adjustment 1,000 Pricing Average - NYMEX less 0.15 / MMBtu Differentials/…
  21. 4Q 2019 Earnings Presentation – Goodrich Petroleum Corp. – slide 21
    Cash Flow Generation With Strong Balance Sheet and Low Trading Multiple Creates an Attractive Entry Point for the Stock 16 Year Inventory on Core Haynesville Position Provides 1+ Tcf of Resource Potential on Acreage Held By…

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