Legend Additional Information and Where to Find It This presentation does not constitute the solicitation of any vote, proxy or approval. This presentation relates to a potential transaction between the Partnership and Regency. This…
Eagle Rock Energy Partners, L.P. Partnership Overview and Recent Highlights
Eagle Rock Energy Partners, L.P. Today Eagle Rock (NASDAQ: EROC) is a growth-oriented MLP engaged in the midstream and upstream businesses and is well-positioned to benefit from some of the most prolific producing basins in the U.S.…
Overview of Pending Midstream Business Transaction On December 23, 2013, Eagle Rock announced it had entered into a definitive agreement to contribute its Midstream Business to Regency Energy Partners Key Terms for total consideration…
Midstream Contribution Strategic Rationale Enhanced Balance Sheet Strength Significant deleveraging to facilitate future growth Pro forma net Leverage Ratio expected to be under 1.75x with improved liquidity either in the form of…
Eagle Rock Energy Partners, L.P. Upstream Business Overview
Geographically Diverse Upstream Assets Mid-Continent Assets Proved Reserves: 233 Bcfe Avg. Prod. Rate (1): 48.8 MMcfe/d % Gas (1): 58% Net Operated Wells: 235 Average Operated WI: 83% Permian Area Alabama/Miss. Area Proved…
Diversified Reserve Base Across High Quality Basins Reserve Profile Alabama 350 Bcfe of proved PUD 17% NGLs Oil 24% South reserves at 12/31/12 22% Texas 22% 1% East Texas 7% 13-year reserve life (1) Permian 8% Gas 56%…
Realizing Resource Potential in Central Oklahoma STACK (1) Major driver of future liquids-rich production growth CANA o Eagle Rock currently has interests in WOODFORD 84 producing horizontal Woodford SCOOP Shale wells in Cana and…
Golden Trend and Cana Woodford Trend Broad Development and Expansion Continues Across Eagle Rocks Acreage Position Current Production Eagle Rock Position SE Cana Legacy 0.8 Cana 1.0 Cana Development Area: Interest MBoe/d MBoe/d…
SCOOP: Southeast Canas Results Continue SCOOP EROC owns approximately 16,500 net Sparks 1-27H (CLR) acres in SCOOP. August 2013 41 rigs currently drilling in Grady, IP24 Hr: 775 Boepd (71% oil) Garvin, McClain and Stephens (1.3…
Golden Trend Update Producing Formations GR Log One to Two Rig Vertical Program Drilling Bromide/Big Four Wells During 2013 Deese (Hart Sand) Trula 2-16 (99.5% WI): Brown Trust 1-3 (94% WI) Beam 5-17 (100% WI) 1st Sales: 12/26/2013…
Golden Trend Upside Overview 2013 Drilling Wedge Operated New Drills Gross (BOE/D) 2-rig program active through most of 2013 3rd Party 3,000 Processing Plant Shut-in Vertical Bromide/Big 4 well performance has 2,500 exceeded…
Eagle Rock Energy Partners, L.P. Midstream Business Overview
Midstream Business Morrow/Cleveland Tonkawa Granite Wash Hogshooter Panhandle (1) 6,514 miles of pipeline 11 processing plants 211,500 compression HP Gathering Volume: 393 MMcf/d Equity NGL/Condensate: 5,816 Bbls/d…
Leading Franchise in Texas Panhandle 86 active rigs in counties in which EROC operates (10 - 15 rigs on dedicated acreage)(1) Completed June 2013 Over 330 new wells permitted in area over past six months Roberts Completed May…
Development of the Texas Panhandle Super System 2010 2011 2012 2013 Texas Panhandle Midstream Phoenix Plant Woodall Plant Apache Midstream Contract On October 9, 2010, the Partnership 20 million, 30 MMcfd expansion of the On June 4,…
BP Acquisition: Accelerating Growth Since the beginning of 2011, Eagle Rock has secured commitments for over 670,000 acres in the Texas Panhandle; with over 620,000 acres facilitated by expanded footprint following the BP Acquisition…
Shifting Midstream Contract Mix Reduced Commodity Exposure Through Increased Fee-Based Business Through the new or amended contracts with BP, Apache, Anadarko and others, the Partnership has taken significant steps in transitioning to…
Eagle Rock Energy Partners, L.P. Hedging Update
Robust Hedging Profile: Eagle Rock Today Includes Both Upstream and Midstream Hedgeable Volumes Crude, Condensate and NGLs (C2) (1) Ethane and Natural Gas (1) 100% 100% 80% 80% 60% 60% 106% 40% 84% 83% 40% 70% 58%…
Robust Hedging Profile: Pro Forma Eagle Rock Upstream Hedgeable Volumes Only Crude, Condensate and NGLs (C2) (1) Ethane and Natural Gas (1) 100% 100% 80% 80% 60% 60% 107% 104% 101% 88% 88% 40% 84% 40% 55% 20% 20%…
Eagle Rock Energy Partners, L.P. Appendix
Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation Three Months Ended Nine Months Ended Septem ber 30, Septem ber 30, 2013 2012 2013 2012 ( in thousands) ( in thousands) Net cash flows provided by operating activities…
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