2Q 2020 FINANCIAL & OPERATING RESULTS August 2020 NYSE: HPR
2Q 2020 Summary OPERATIONAL FINANCIAL Prudently deferring capital program until crude Capital expenditures of 25 million were 38% oil prices show signs of a sustained recovery below guidance Production sales volume of 2.9 MMBoe;…
NE Wattenberg Field Activity DSU 1-64-5 60% 9 XRL wells placed on flowback in May Oil Avg. and June in DSU 1-64-5 Average per well cumulative oil production is 35,000 bbls of oil after 75 days Compares favorably to the 6 XRL…
Hereford Field Activity Fox Creek Area 80% 2020 development program wells are Oil Avg. Fox Creek the highest performing to date Area Continue to demonstrate an ability to positively impact well performance utilizing high fluid…
Continuous Improvement in Well Performance NYSE: HPR 6
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 400 Nearest debt maturity in October 2022 350 Minimal oil marketing contracts, and 300 no significant lease expirations or 250 drilling commitments provides flexibility to manage…
Oil Hedging Supports Capital Program and Protects Cash Flow Hedge Portfolio vs. Strip 2020 2021 60 60 Execute hedge portfolio to 57 support capital program, WTI Price (/Bbl) WTI Price (/Bbl) 50 50 54 protect future…
Appendix NYSE: HPR
Financial Results Summary Three Months Ended Three Months Ended June 30, March 31, 2020 2019 Change 2020 Change Combined production sales volumes (MBoe) 2,871 2,841 1% 2,908 (1)% Net cash provided by (used in) operating…
Financial Results Summary (continued) Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Production Data: Oil (MBbls) 1,638 1,748 3,224 3,468 Natural gas (MMcf) 3,948 3,558 8,304 7,308 NGLs (MBbls) 575 500…
Non-GAAP Reconciliation (Unaudited) EBITDAX Reconciliation Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 (in thousands) Net Income (Loss) (67,628) (1,910) (1,083,267) (98,139) Adjustments to reconcile…
Non-GAAP Reconciliation (Unaudited) Discretionary Cash Flow Reconciliation Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 (in thousands) Net Cash Provided by (Used in) Operating Activities (16,455) 20,862…
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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