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May 2019 Investor Presentation – Tapstone Energy Llc

Tapstone Energy Llc · May 20, 2019 · 12 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. May 2019 Investor Presentation – Tapstone Energy Llc – slide 1
    Tapstone Energy Investor Presentation May 2019 TAPSTONEENERGY.COM
  2. May 2019 Investor Presentation – Tapstone Energy Llc – slide 2
    Tapstone Asset Overview NW Stack Asset Growth Platform for the company 154,000 net acres Kansas 1Q19 production of 22.6 Mboe/d KS 24% oil, 56% liquids Mocane-Laverne Closed on multiple de-leveraging acquisitions of bolt-on NW…
  3. May 2019 Investor Presentation – Tapstone Energy Llc – slide 3
    NW STACK and Tapstone Evolution New Management Regime Asset Accumulation (2014 2016) Delineation (2017) Execution (2018+) Founded with an initial equity commitment from GSO Capital Partners Drilled first ten 2-mile laterals in…
  4. May 2019 Investor Presentation – Tapstone Energy Llc – slide 4
    Tapstone Accomplishments Tapstone has capitalized on extensive science and testing initiatives from 2017 to optimize drilling and completion design in order to drive greater returns More than 115 horizontals wells drilled and…
  5. May 2019 Investor Presentation – Tapstone Energy Llc – slide 5
    1Q 2019 Results 1Q 2019 production of 32,500 boe/d; an increase of 1% QoQ and 17% YoY QoQ Component Growth: Oil: 13%; Natural Gas: -1%; NGL: - 2% Oil production mix 21% 1Q 2019 net oil production of 6,600 bbls/d; an increase of 13%…
  6. May 2019 Investor Presentation – Tapstone Energy Llc – slide 6
    Continuation of the Prolific Fairway in the Anadarko Basin Optimally positioned to exploit the right hydrocarbon window (volatile oil, condensate and wet gas) over multiple zones NW STACK Development Anadarko Basin Phase Transition…
  7. May 2019 Investor Presentation – Tapstone Energy Llc – slide 7
    Operational Execution to Drive Down Well Costs Operational expertise and reduced cycle times drive peer leading well costs and consequently, consistently improving well economics Key Operational Highlights NW STACK Well Costs (m)…
  8. May 2019 Investor Presentation – Tapstone Energy Llc – slide 8
    NW Stack Delivering Sustainable Growth 25,000 NW Stack Daily Production 100% 90% 20,000 80% 68% Gas 70% % Production Mix 15,000 53% 60% Boe/d Gas 50% 10,000 47% Liquids 40% 32% Liquids 30% 5,000 20%…
  9. May 2019 Investor Presentation – Tapstone Energy Llc – slide 9
    Hedge Position 2019 Total Revenues Hedged 2019 Oil Revenues Hedged 2019 Gas Revenues Hedged 2019 NGL Revenues Hedged 56.89/Bbl 2.99/MMBtu 33.44/Bbl 75% 79% 80% 82% Hedged Hedged Hedged Hedged Q2-2019 Q3-2019 Q4-2019…
  10. May 2019 Investor Presentation – Tapstone Energy Llc – slide 10
    Tapstones Focus Going Forward Manage debt and liquidity Controlling capex spend through measured development plan Cash flow neutrality reached in the 2H19 Currently marketing non-core assets for potential divestiture Maintain…
  11. May 2019 Investor Presentation – Tapstone Energy Llc – slide 11
    Seasoned Management Team & Supportive Sponsor Tapstone Management Team Years Experience Steven C. Dixon 38 Former CEO / COO for Chesapeake Energy Chairman of the Board Former Rice Energy board of directors member Chief Executive…
  12. May 2019 Investor Presentation – Tapstone Energy Llc – slide 12
    Summary of Notes Issuer Tapstone Energy, LLC & Tapstone Finance Corp. Rank Senior Unsecured Principal 300,000,000 Maturity Date June 1, 2022 Coupon 9.75% Call Protection NC3; 2020: 104.875%; 2021+: 100.0% Distribution…

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