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Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp.

Baytex Energy Corp. · Sep 11, 2014 · 23 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. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 1
    Peters & Co. Annual Energy Conference Capitalizing on Resource Plays September 11, 2014, Toronto, Ontario James Bowzer President and CEO Brian Ector Senior VP, Capital Markets and Public Affairs
  2. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 2
    Corporate Profile Summary of Securities Trading Symbol TSX / NYSE: BTE Average Daily Volume (1) Canada: 568,791 / U.S.: 231,771 Shares Outstanding (Current) 166.1 million Market Capitalization / Enterprise Value 7.9 billion / 10.1…
  3. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 3
    Resource Play and Production Mix Production (H2/2014 Guidance) Company Total = 86,000 88,000 boe/d NGLs Gas 13% 14% Heavy Oil 51% Light Oil 22% 2P Reserves (1) (2) Company Total = 432 MMboe NGLs Gas 17% 14% Heavy Oil…
  4. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 4
    Baytex Three Key Oil Resource Plays 80% of Baytexs pro forma production comes from three oil plays Single Well Economics (excluding acreage acquisition costs) (1) Eagle Ford Peace River Heavy Oil Lloydminster Heavy Oil…
  5. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 5
    Profit Investment Ratio 0.0x 0.5x 1.0x 1.5x 2.0x 2.5x 3.0x Seal Cold Heavy Multi-Lateral - Hz SE Sask Viewfield Bakken - Hz Ante Creek Montney (75% oil) - Hz Marcellus (dry gas) - Hz Kaybob Montney Oil - Tier 1 - Hz…
  6. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 6
    The Eagle Ford 9
  7. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 7
    Strategic Entry into the Eagle Ford The Eagle Ford Provides Baytex With Exposure to a World Class Oil Resource Play Overview of Acreage - 22,350 net contiguous acres in the Sugarkane Field in the core of the liquids-rich Eagle Ford…
  8. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 8
    Eagle Ford Gas/Liquids Window Map Nine Eagle Ford Sub-Play Areas Eagle Ford Play Eagle Ford Play Study based on production information received from the Texas Railroad Commission as of April 2014 Over 8,500 wells included in the…
  9. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 9
    Eagle Ford - Wells Completed 2009 to 2014 Wood Mackenzie breaks the Eagle Ford into nine distinct sub-play areas: (1) Northeast Oil, (2) Black Oil, (3) Karnes Trough Condensate, (4) Edwards Condensate, (5) Southeast Gas, (6) Southwest…
  10. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 10
    Eagle Ford Sub-Play Risking Sub-Play Analysis Type Well Breakeven Source: Wood Mackenzie. Wood Mackenzie breaks the Eagle Ford into nine distinct sub-play areas: (1) Northeast Oil, (2) Black Oil, (3) Karnes Trough Condensate, (4)…
  11. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 11
    Eagle Ford Opportunity Summary Eagle Ford Type Log Current Development - Lower Eagle Ford originally developed at 80-acre spacing; current development is now 60-acre spacing (volatile oil) and 40-acre spacing (condensate gas)…
  12. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 12
    Eagle Ford Improving Performance Increasing Development Performance and Recovery - Continuous improvements in drilling and completion design have increased 30-day IP rates by approximately 97% since Q4/2011 with 180-day cumulative…
  13. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 13
    Eagle Ford - Key Attributes - Material Production and High Quality Reserve Base - Substantial inventory of potential well locations to support future production growth - Reserve upside exists through additional horizons in the Austin…
  14. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 14
    Heavy Oil Overview 17
  15. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 15
    Peace River Oil Sands 306 net sections of oil sands leases 553 million barrels of economic contingent resource * Area Statistics Production (Q2/2014) 26,100 bbl/d 2P Reserves (YE13) (1) 114 mmbbls Drilling Inventory (2) 5 years…
  16. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 16
    Multi-Lateral Cold Horizontal Wells Reservoir Characteristics (1) Formation Bluesky Depth 600 700 metres Oil Quality 11 API Average Porosity 28% Permeability 0.5 5.0 darcies Oil Saturation 70% Recovery Factor 5 7% Well…
  17. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 17
    Lloydminster Lloydminster Heavy Oil Heavy Oil 730 net sections; 212 million barrels of economic contingent resource * Area Statistics Production (Q2/2014) 19,900 bbl/d 2P Reserves (YE13) (1) 114 mmbbls Drilling Inventory (2)…
  18. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 18
    Lloydminster Development Vertical Wells Completed Well Cost 450,000 Production (30-day IP) 30-50 bbl/d EUR 30-50 mbbl Capital Efficiency 11,250 per bbl/d Development Cost 11.25/bbl Horizontal Wells Completed Well Cost…
  19. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 19
    Crude Oil Marketing
  20. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 20
    2014: A Break Out Year for Canadian Heavy - Market conditions remain positive with the forward market indicating a WCS differential of 19% for the remainder of this year (last four months) - Positive catalysts unfolding in 2014…
  21. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 21
    Heavy Oil Differential WCS and Maya 24
  22. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 22
    Oil Marketing Portfolio Q3 2014 Heavy Oil Sales Portfolio WTI Financial Hedging Q3 / 2014 % Hedged 51% Fixed Price US96.45/bbl Q4 / 2014 % Hedged 50% Fixed Price US95.43/bbl FY 2015 % Hedged 19% Fixed Price US94.60/bbl…
  23. Peters And Co Annual Energy Conference Capitalizing on Resource Play – Baytex Energy Corp. – slide 23
    Why Invest in Baytex Superior Asset Base Income Payout Proven Track Record - Low cost development - Committed to paying a - Strong balance sheet inventory oil focus meaningful dividend - Sophisticated risk - Sector leading capital -…

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