Skip to main content August 2014 Corporate Presentation – SRC Energy Inc | Shale Experts
Loading...
Pm

August 2014 Corporate Presentation – SRC Energy Inc

SRC Energy Inc · Aug 31, 2014 · 24 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. August 2014 Corporate Presentation – SRC Energy Inc – slide 1
    NYSE MKT: SYRG NYSE MKT: SYRG At Home In the Wattenberg Corporate Presentation - August 2014
  2. August 2014 Corporate Presentation – SRC Energy Inc – slide 2
    & Key Statistics NYSE MKT: SYRG Key Statistics of words such as believes, expects, anticipates, intends, plans, estimates, should, likely or similar expressions, indicates a forward- Stock Price (08/13/14) 12.68 looking stateand 52…
  3. August 2014 Corporate Presentation – SRC Energy Inc – slide 3
    At Home In the Wattenberg Field NYSE MKT: SYRG Corporate headquarters is in the heart of the field Low Drilling and Completion Costs Low Rapid Operating Return on Costs Investment…
  4. August 2014 Corporate Presentation – SRC Energy Inc – slide 4
    Experienced Management Team NYSE MKT: SYRG Over 100 Years of Total Experience Operating in the Wattenberg Edward Holloway, co-CEO 32 years as an executive of oil and gas companies focused on the Wattenberg Field in the D-J Basin…
  5. August 2014 Corporate Presentation – SRC Energy Inc – slide 5
    Focused Wattenberg Position NYSE MKT: SYRG Colorado 53,151 net Wattenberg NE Wattenberg Extension Area acres Core Wattenberg Area 27,386 net acre position in the Core Wattenberg 100% of current production sourced from this…
  6. August 2014 Corporate Presentation – SRC Energy Inc – slide 6
    Stacked Pay Compounds Drilling Inventory NYSE MKT: SYRG Single Pad + Potential Gross Wattenberg Locations Core 21/640 acres NE Extension 4/640 (27,386 net acres) (25,765 net acres) Acreage Potential Acreage Potential Spacing Wells…
  7. August 2014 Corporate Presentation – SRC Energy Inc – slide 7
    Core Wattenberg Operations NYSE MKT: SYRG Leffler Pad Colorado 27,386 net acre position in the Core Wattenberg Adding 3rd Horizontal Rig in August 2014 up from 1 rig a year ago Renfroe Pad 32 Horizontal wells drilled and…
  8. August 2014 Corporate Presentation – SRC Energy Inc – slide 8
    Horizontal Pad Results 8/8ths Basis NYSE MKT: SYRG Renfroe Pad Leffler Pad Well Cost (MM per well) 3.6 Well Cost (MM per well) 3.7 Number of Wells on Pad 5 Wells Number of Wells on Pad 6 Wells Targeted Formations 3 Niobrara & 2…
  9. August 2014 Corporate Presentation – SRC Energy Inc – slide 9
    Horizontal Pad Results Continued NYSE MKT: SYRG Phelps Pad Union Pad Well Cost (MM per well) 4.0 Well Cost (MM per well) 3.9 Number of Wells on Pad 6 Wells Number of Wells on Pad 6 Wells 5 Codell/Niobrara & 1 Targeted…
  10. August 2014 Corporate Presentation – SRC Energy Inc – slide 10
    Growth Trajectory From Pad Drilling NYSE MKT: SYRG 22 New Operated Horizontal Wells Coming On Production May- August 2014 Eberle Pad 95% WI Status: Completing/ Flow Back Kelly Farms Pad 60% WI Number of Wells: Union Pad 91% WI…
  11. August 2014 Corporate Presentation – SRC Energy Inc – slide 11
    NE Wattenberg Extension Area NYSE MKT: SYRG 25,765 net acre position in the NE Wattenberg Extension SYRG Recent Developments Participating with Carrizo on 2 horizontal Niobrara extended laterals . 1st well in production 16%…
  12. August 2014 Corporate Presentation – SRC Energy Inc – slide 12
    Proved Reserves and Un-risked Resource Potential NYSE MKT: SYRG Approximately 251 Mboe of Potential Upside to Current Proved Reserves (1) Proved Reserves PV-10 Value - 326 Million* 271 Mmboe Proved + Un-risked Potential 350 300…
  13. August 2014 Corporate Presentation – SRC Energy Inc – slide 13
    Nebraska: Preparing to drill Exploration Wells in Fiscal 2015 NYSE MKT: SYRG 172,000 net acres, vertical drilling into Upper Pennsylvanian 4,100-4,700 ft. depth, 500k est. completed well cost 3D Seismic application is yielding strong…
  14. August 2014 Corporate Presentation – SRC Energy Inc – slide 14
    Production, Revenue and EBITDA Growth NYSE MKT: SYRG Growing Production and Profitability Rapidly and Responsibly Daily Net Production Revenue & Adjusted EBITDA* 4,120 83 61 Margin: 74% MM 46 BOEPD 2,117 33 25…
  15. August 2014 Corporate Presentation – SRC Energy Inc – slide 15
    Revenue Mix & Average Sales Price NYSE MKT: SYRG 30 Revenue Mix: 82% Oil, 7% NGL, 11% Gas (5-31-14) 25 20 MM 15 10 Oil 5 NGL Gas 0 4Q Aug-12 1Q Nov-12 2Q Feb-13 3Q May-13 4Q Aug-13 1Q Nov-13 2Q Feb-14 3Q May-14…
  16. August 2014 Corporate Presentation – SRC Energy Inc – slide 16
    Estimated Fiscal 2015 CAPEX Budget NYSE MKT: SYRG Total Budget: 89% Wattenberg Development Drilling Drilling Budget: 98% Horizontal Wells and 80% Operated Preliminary Range For Fiscal 2015 CAPEX Budget 200 - 225 Million NE…
  17. August 2014 Corporate Presentation – SRC Energy Inc – slide 17
    Strong Balance Sheet NYSE MKT: SYRG Ample Liquidity to Fund Fiscal 2015 CapEx Capital Expenditures fully-funded 400 with a healthy capital structure 350 Cash Flow Internally generated cash flow from 300 Operations Cash on Hand:…
  18. August 2014 Corporate Presentation – SRC Energy Inc – slide 18
    Key Takeaways NYSE MKT: SYRG Significant Exposure to Wattenberg Field Experienced Operational Control Returns Driven in Low Risk Basin Management Team Near-term Upside Fully Funded Fiscal from Wattenberg 2015 CAPEX…
  19. August 2014 Corporate Presentation – SRC Energy Inc – slide 19
    Appendix NYSE MKT: SYRG 19
  20. August 2014 Corporate Presentation – SRC Energy Inc – slide 20
    Eastern Colorado Assets NYSE MKT: SYRG 63,478 net acres, 7 years avg. Synergy Land Legend remaining term, 85% NRI Leasehold Proven shallow Niobrara dry gas field, economic above 4/mcf Participating as a non-operator in 2…
  21. August 2014 Corporate Presentation – SRC Energy Inc – slide 21
    Resource Potential Reconciliation NYSE MKT: SYRG (1) **Proved Reserves of 19.7 Mmboe (2/28/2014) & Total Unrisked Potential of 251.4 Mmboe (1) EURs and unrisked potential are management estimates based on experience in Wattenberg…
  22. August 2014 Corporate Presentation – SRC Energy Inc – slide 22
    3rd Party Wattenberg Midstream Expansion NYSE MKT: SYRG Gas Processing Capacity (all 2015/2016 Existing Capacity 2014 Additions Total volumes MMcf/d) Additions DCP Midstream 520 50 460 1,030 Anadarko 540 300 300 1,140 Total…
  23. August 2014 Corporate Presentation – SRC Energy Inc – slide 23
    Hedging Summary NYSE MKT: SYRG The companys commodity derivative contracts as of August 1, 2014 are summarized below: Crude Oil and Natural Gas Hedges Hedges in Place as of August 1, 2014 Hedge Volumes Average Collar Prices…
  24. August 2014 Corporate Presentation – SRC Energy Inc – slide 24
    Adjusted EBITDA Reconciliation NYSE MKT: SYRG SYNERGY RESOURCES CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) Three Months Ended Nine Months Ended May 31, May 31, May 31, May 31, ADJUSTED…

From the store

Browse maps, data & reports in the Shale Experts store