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Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum

Midstates Petroleum · Dec 3, 2014 · 39 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. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 1
    MIDSTATES PETROLEUM COMPANY, INC. Cowen and Company 4th Annual Ultimate Energy Conference Dr. Peter Hill, Interim CEO December 3, 2014
  2. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 2
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Refocused Energy Deliver Financial Exercise Capital Stability Discipline Balance 2014 Operating Capex Focus…
  3. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 3
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL 2015 Strategic Direction and Intent I. Release the Value in the Asset Base Continue and enhance the value…
  4. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 4
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Midstates Petroleum Overview Midstates has a robust, strategically-located portfolio offering significant…
  5. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 5
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL High-Growth Resource and Well Inventory Company anticipates significant reserves growth through additional…
  6. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 6
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Focus on High Rates of Return Robust economics even in challenged commodity price environments Upper Miss…
  7. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 7
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Prolific Position in Recognized Core of Miss Lime Net Production (Boe/d) (1) 30,000 24,000 25,000 23,834…
  8. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 8
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Unlocking Mississippian Lime Upside 3D seismic and application of new technologies are considerably expanding…
  9. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 9
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Grainstone Comparison Pre and Post Seismic Across Two sections Total of 23 wells D&C & online pre-seismic…
  10. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 10
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime Future Development Since Acquisition Initially developed with four laterals per section…
  11. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 11
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime: Differentiated Performance Continuing Top Tier overall well performance in the Mississippian…
  12. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 12
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime D&C Performance Improvement 5.0 Focused on continuous improvements to maximize returns 4.5…
  13. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 13
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime Stacked Horizontal Inventory Acreage position overlays stacked pay zones which provide…
  14. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 14
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Miss Lime Key Messages Best Results in the Miss Lime Average 30 day peak rates 575 Boe/d Type curve 2 stream…
  15. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 15
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Anadarko Basin: Liquids-Rich Targets Harper Beaver Woods OKLAHOMA Woodward sford Ochiltree Lipscomb…
  16. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 16
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Anadarko Basin Well Cost Performance Focused on well cost improvements consistent with successful improvements in…
  17. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 17
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Anadarko Basin Type Curves Capital Sensitivity (1) BEST AVG BEST AVG BEST AVG BEST AVG Lowering D&C…
  18. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 18
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Anadarko Basin Stacked Horizontal Inventory Acreage position overlays stacked pay zones which provide additional…
  19. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 19
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Anadarko Key Messages Consistent results in the Cleveland, with encouraging early results in the other horizons…
  20. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 20
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Fleetwood 3D Seismic Area: Organic Growth Potential Fleetwood Overview Fleetwood 3D Survey: 197 Sq. Miles…
  21. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 21
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Midstates Financial Performance Production Growth over Time Adjusted EBITDA Growth over Time 40,000…
  22. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 22
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Operating Margin Improvements Quarterly Adjusted EBITDA(1) / Boe Q3 2014 EBITDA / Boe vs. Mid Con Peer Group(2)…
  23. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 23
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Sustaining Positive Momentum Into 2015 & Beyond Midstates is positioned to tackle the uncertain macro environment…
  24. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 24
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Liquidity Liquidity September 30, 2014 : 181 mm Revolver millions Cash Balance Borrowing base Net Liquidity…
  25. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 25
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Attributes of Stand Alone Company Vast resource potential and large, high quality inventory of drilling…
  26. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 26
    APPENDIX NYSE: MPO www.MidstatesPetroleum.com
  27. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 27
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Illustrative Miss Lime Single Well Economics Solid repeatable results with compelling well economics; Midstates…
  28. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 28
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Illustrative Cleveland Single Well Economics Low-risk portfolio ranging from mature to high-growth assets, with…
  29. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 29
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Illustrative Marmaton (Hepler) Single Well Economics Low-risk portfolio ranging from mature to high-growth…
  30. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 30
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Illustrative Tonkawa Single Well Economics Low-risk portfolio ranging from mature to high-growth assets, with…
  31. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 31
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Illustrative Cottage Grove Single Well Economics Low-risk portfolio ranging from mature to high-growth assets,…
  32. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 32
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL 2015 Capital Preview Operating Capital (1) First Glance: 450 to 475 million Anadarko Focused on Miss Lime which…
  33. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 33
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Salt Water Disposal System Intrinsic value exists in Midstates existing infrastructure, which will grow with…
  34. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 34
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL SWD Monetization Opportunity High Value / Time Low Bill WI Owners Add 3rd Party Monetization 50% utilized…
  35. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 35
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL 2014 2015 Oil Hedging Summary (as of Nov Q4 Total Q1 Q2 Q3 4, 2014) (3) Q4 Total WTI Swaps Volume (Bbls)…
  36. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 36
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Adjusted EBITDA Reconciliation For the Three For the Three For the Three Months Ended Months Ended Months…
  37. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 37
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Cash Operating Expenses Reconciliation 2014 2013 Q3 Q2 Q1 Q1 Q2 Q3 Q4 Operating Expenses - GAAP 113,670…
  38. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 38
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Capitalization Capitalization As of Summary of MPO Bonds September 30, 2014 As of September 30, 2014 Cash…
  39. Cowen and Company 4th Annual Ultimate Energy Conference – Midstates Petroleum – slide 39
    DASHED2014A&DManagement PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Preferred Share Dividend Calculation Calculation Conversion into Conversion into Common Shares Common Shares…

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