1Q 2020 FINANCIAL & OPERATING RESULTS May 2020 NYSE: HPR
Response to COVID-19 and Current Market Conditions COVID-19 has created unprecedented challenges for our industry, company and employees. During this time, the health and safety of our employees is our highest priority. In response…
1Q 2020 Summary OPERATIONAL FINANCIAL Prudently deferring capital program until crude Prioritizing the preservation of balance oil prices recover and remain flexible sheet and liquidity and FCF generation Production sales volume…
Current Hereford Field Activity Fox Creek Area Laramie Two wells placed on flowback in March Completed with 50 barrels per lateral foot and 2,000 pounds of sand per lateral foot Average per well daily oil production is tracking…
Hereford Well Performance Update Average Per Well Daily Oil Rate Average Cumulative Oil 500 30,000 400 Cumulative Oil (Bbls) +30% 20,000 300 Oil (Bbl/d) 200 10,000 100 0 0 0 1 2 3 4 0 1 2 3 4 Month Month…
NE Wattenberg Field Activity 60% Section 4-61-4/5 Oil Avg. 6 XRL wells in DSU 4-61-5 were placed on flowback in February Avg per well cumulative oil production is tracking 90% above offset analog wells after 50 days 5 XRL…
NE Wattenberg Well Performance Update Average Daily Oil Rate Average Cumulative Oil 800 50,000 45,000 700 40,000 600 +105% 35,000 Cumulative Oil (Bbls) 500 30,000 Oil (Bbl/d) 400 25,000 20,000 +90% 300 15,000…
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 Contingency plans in place with…
No Near Term Maturities DEBT MATURITIES Nearest debt maturity in October 2022 600 Minimal oil marketing contracts 500 and no lease expirations or drilling commitments provides 400 flexibility to manage capital Millions…
Oil Hedging Supports Capital Program and Protects Cash Flow Hedge Portfolio vs. Strip 2020 2021 60 60 Execute hedge portfolio to 58 55 WTI Price (/Bbl) WTI Price (/Bbl) support capital program, 50 50 protect future cash…
Appendix NYSE: HPR
Financial Results Summary Three Months Ended March 31, 2020 2019 Change Combined production sales volumes (MBoe) 2,908 2,798 4% Net cash provided by operating activities ( millions) 76.8 77.7 (1)% Discretionary cash flow (…
Financial Results Summary (continued) Three Months Ended March 31, 2020 2019 Production Data: Oil (MBbls) 1,587 1,720 Natural gas (MMcf) 4,356 3,756 NGLs (MBbls) 595 452 Combined volumes (MBoe) 2,908 2,798 Daily combined…
Non-GAAP Reconciliation (Unaudited) EBITDAX Reconciliation Three Months Ended March 31, 2020 2019 (in thousands) Net Income (Loss) (1,015,639) (96,229) Adjustments to reconcile to EBITDAX: Depreciation, depletion and…
Non-GAAP Reconciliation (Unaudited) Discretionary Cash Flow Reconciliation Three Months Ended March 31, 2020 2019 (in thousands) Net Cash Provided by (Used in) Operating Activities 76,763 77,683 Adjustments to reconcile to…
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 17
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