Skip to main content Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. Investor Presentation | Shale Experts
Loading...
Pm

Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp.

Ranger Oil Corp. · Dec 7, 2021 · 27 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. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 1
    Capital One Securities 16th Annual Energy Conference December 7, 2021 ROCC
  2. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 2
    Ranger Oil Corporation Investment Thesis Premier Eagle Ford Asset Base Strong PDP Base with Deep Delineated Inventory Top Industry Margins and Increasing Efficiency Strong Balance Sheet and Robust Free Cash Flow Profile…
  3. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 3
    Company Overview Capital Discipline and Continuous NASDAQ: ROCC Enterprise Value: 2.0 Billion(1) Improvement Leading to Best-in-Class Cash-on-Cash Returns 143,000 net Acres(2) in Core of Eagle Ford Shale; 98% Operated; 93% HBP…
  4. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 4
    Premier Balance Sheet and FCF Profile Low Leverage, Robust Liquidity and Accelerating Free Cash Flow Profile Capitalization(1) Accelerating Free Cash Flow Profile(6) MM, except share price Total Stock Outstanding(1) 43.6 MM Share…
  5. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 5
    Recent Achievement of Stated Goals Assembled New Senior Management Team New CEO, CFO, SVP of Development Numerous other professionals Comprehensive inventory review leading to increased performance and longer laterals Step…
  6. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 6
    Forward Strategic Goals Target 1.0x Leverage in 1H 2022 Implement Strategy For Accretive Uses of FCF Continue Driving Operating Efficiencies Enhanced drilling & completion techniques, longer laterals, increased wells per pad,…
  7. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 7
    Industry Leading Margins Oil Cut + Premium Pricing + Low Adj. EBITDAX Margin(1)(2) Cost = Best-in-Class Margins(1) ROCC vs. Peer U.S. Public Operators 34 Margin 37.59/boe Adj G&A Prod Taxes GPT LOE 3Q21 Highest Adj.…
  8. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 8
    Advantaged Pricing Substantial Infrastructure Caldwell Harris 610 10 35 Fayette Chambers 10 Colorado Fort Bend 45 Lavaca Gonzales Wharton Wilson Brazoria De Witt Jackson Karnes To Houston Matagorda Victoria Goliad…
  9. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 9
    Strong PDP Base with Delineated Inventory Central Area Concentrated position allows for operational ROCC Wells Drilled Fayette efficiencies 2018 2019 2020 2021 Proven productivity across acreage position Peer Wells Drilled ROCC…
  10. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 10
    Exceptional and Consistent Well Results Central Area Strong well results across acreage position Amethyst/Hippo 2-Well Pad Coral 3-Well Pad Average IP-30 864 bbl/d Average IP-30 804 bbl/d Average CLL 6,647 Average CLL 7,430…
  11. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 11
    Demonstrated Outperformance Outperforming the D&M Avg. Oil Type Curve for D&M Avg. Oil Type Curve for 2021 Spud (bbl/d) 2020 and YTD Spud 10,000 Type Curve Assumptions(1) Oil BBL/d D&M D&M Gross Gross OilOil Type Curve Estimate…
  12. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 12
    Continuous Operational Improvements Total Well Cost by Spud Date - /Lateral Foot Total Well Cost per boe of Reserves Developed(1) Total Well Cost Include Drilling, Completion, Facilities and Tie-in Expenditures Total Well Cost Include…
  13. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 13
    Committed to Protecting the Environment Reduce flaring by connecting Minimizing wells to pipelines prior to Flaring production Well locations inspected daily to detect and Leak prevent leaks and emission Detection and Optical…
  14. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 14
    Proven and Disciplined Consolidation Strategy Lonestar Merger Case Study Merged Assets Bases 20MM expected annual G&A and operational synergies Strategic Fit and Additional Scale Incremental development synergies Gonzales…
  15. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 15
    Further Consolidation Potential Numerous sub-scale operators in fragmented Operator Concentration by Basin Eagle Ford creates a robust set of potential Bubble Size represents average boe/d per Operator(1) consolidation opportunities…
  16. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 16
    Advantaged Regulatory Position Texas one of the friendliest to O&G industry Operating Long track record of treating mineral rights as firm property Environment Landowners are often mineral rights owners, incentivized to allow access…
  17. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 17
    Penn Virginia Corporation has become
  18. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 18
    Appendix
  19. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 19
    Hedge Summary as at 11/30/2021 WTI Swaps bbl/d Q1 2021 and Prior WTI Collars bbl/d Q2-Q3 2021 WTI Collars bbl/d Q4 2021 WTI Collars bbl/d 25,000 20,000 62-72 65-88 15,000 63-87 bbl/d 63-75 10,000 40-52 60-88…
  20. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 20
    Hedge Summary Detail as at 11/30/2021 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 WTI Swaps bbl/d 6,215 3,250 3,000 3,000 3,000 2,500 2,400 2,807 2,657 462 308 WTI Average Fixed Price (/bbl) 72.76 75.16 74.12 73.01 69.20…
  21. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 21
    4Q21 Guidance On December 6, 2021, the Company affirmed its capital guidance and positively revised and narrowed its oil sales guidance. The oil sales guidance increase is Sales and Capital Expenditure 4Q21 due to: 1) Improving…
  22. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 22
    Southwest Acreage Provides Significant Opportunity Gonzales Significant Future Inventory Ranger Oil Emerald 2-Well Pad Gonzales Average IP-30 1,012 bbl/d Average CLL: 10,887 Ample running room for future drilling on high return…
  23. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 23
    Northeast Acreage Provides Significant Inventory Fayette Gonzales Significant Future Inventory Ample running room for future drilling on Svatek 12 Mo. Cum. high return oil-weighted inventory 155 Mbo Lavaca CLL: 6,478…
  24. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 24
    Reconciliation of GAAP Net Income to Non-GAAP Adjusted EBITDAX Reconciliation of GAAP Net income (loss) to Non-GAAP Adjusted EBITDAX Adjusted EBITDAX represents net income (loss) before loss on extinguishment of debt, interest expense,…
  25. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 25
    Non-GAAP Reconciliation Free Cash Flow (FCF) Definition and Explanation of Free Cash Flow Free Cash Flow is a non-GAAP financial measure that management believes illustrates our ability to generate cash flows from our business that are…
  26. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 26
    Definition of Net Debt Net Debt Net debt, excluding unamortized discount and debt issuance costs is a non-GAAP financial measure that is defined as total principal amount of long-term debt, excluding 9.25% Senior Notes less cash, cash…
  27. Capital One Securities 16th Annual Energy Conference – Ranger Oil Corp. – slide 27
    Explanation of Estimated Pro forma Net Debt to LTM EBITDAX as of 9/30/21 Represents management estimate of (pro forma for the LONE acquisition) net debt to LTM EBITDAX as of 9/30/21. Rangers Credit Facilitys debt represents pro forma…

From the store

Browse maps, data & reports in the Shale Experts store