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Johnson Rice 2014 Energy Conference – Sanchez Energy Corp

Sanchez Energy Corp · Sep 29, 2014 · 22 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. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 1
    Results Driven. Manufacturing Focused. Corporate Presentation September 2014 www.sanchezenergycorp.com
  2. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 2
    Sanchez Energy Overview Market Cap (1) 2,170 MM (1) Enterprise Value 3,240 MM Eagle Ford Shale Net Acreage: 224,000 acres 1P Reserves: 117 MMBoe Current Production: 37,000 Boe/d Executing Strong Growth 2Q14 production grew 164% YoY…
  3. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 3
    Eagle Ford Shale Position SN Eagle Ford Position Summary Net Acres 224,000 Current Production (Boe/d) 37,000 Operated Rigs Non-Operated Rigs Gross Producing Wells 429 Hausser Wycross Talbutt Trust Alexander Ranch Briggs Ranch 4 2014…
  4. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 4
    Transformational Growth At IPO Today (12/31/11) (6/30/14) Production 609 Boe/d 61x 37,000 Boe/d 6.7 MMBoe 17x 117 MMBoe Proved Reserves 14% PD 44% PD PV-10 152 million 13x 1,977 million LTM Revenue 15 million 60x 907…
  5. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 5
    Delivering Strong Results Reserves by Product Mix (6/30/14) Quarterly Production Actual PF Catarina 125 117 40,000 PD PUD 35,000 100 30,000 56% 25,000 (MBOE/D) 75 20,000 59 MMBoe 15,000 50 43 58% 10,000 44% 25 21…
  6. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 6
    2014-2015 Production & Capital Guidance Guidance Metrics 3Q14 4Q14 2015 Production Guidance (BOE/D) Period Average 36,000 - 40,000 48,000 - 50,000 53,000 - 58,000 Year-End Exit Rate 48,000 - 50,000 55,000 - 60,000 Production Mix %…
  7. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 7
    Capital Expenditures Focused On Eagle Ford (1) 2014 Capital Plan (MM) Gross % of % of Full Year Net Wells Net Wells Operating D&C Project Area Rig Count Spud Completed Capex Capital Plan Capital Plan Catarina 1.0 25 37 205 - 215 24%…
  8. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 8
    Manufacturing Process Drives Capital Efficiency Manufacturing Transformation Cash Operating Cost / Boe Process changes implemented in 2013 Pad drilling resulting in facility and location costs spread 45.06 over multiple wells 4.78…
  9. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 9
    Tailored Programs Enhancing Returns Buda open hole lateral development Longer laterals, higher proppant Down spacing UEF standalone, load trials pilots, UEF/Buda UEF/LEF tests stacking overlap Longer laterals, down…
  10. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 10
    Stacked Lateral Potential Palmetto Catarina Wycross Marquis La Salle Cotulla Cotulla Upper Eagle Ford Lower Eagle Ford Target 1 Lower Eagle Ford Target 2 Buda 12 Development Appraisal 2014 Sanchez…
  11. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 11
    Marquis Map 13 2014 Sanchez Energy Corporation
  12. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 12
    Prost: Resulting Well Cost Reductions Operations have decreased total well costs 40% over prior year in the Prost area 14 2014 Sanchez Energy Corporation
  13. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 13
    Alexander Ranch Optimization SN has achieved substantially lower than expected well costs in the Cotulla area The previous operator was drilling wells at an average cost of 8.8 million At the time of the acquisition, SN expected to be…
  14. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 14
    Catarina Overview and Operational Update Overview Operation Update 106,000 net acres in Dimmit, La Salle, and Webb counties (one primary Since closing the acquisition on June 30, we have moved swiftly surface and mineral owner) to…
  15. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 15
    Cotulla Overview Hausser Wycross Talbutt Trust Wright Ranch Alexander Ranch Cotulla Acreage & Inventory Wycross 2014 Capital Plan Other Cotulla 2014 Capital Plan Total Net Acres 41,000 2014 Capital Plan (MM) 140 - 150 2014 Capital…
  16. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 16
    Marquis & Palmetto Overview Marquis Palmetto Marquis Acreage & Inventory Prost / Moulton Well Economics Palmetto Acreage & Inventory Total Net Acres 71,000 EURs (MBoe) 450 Total Net Acres 9,000 Average Working Interest 100%…
  17. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 17
    TMS Acreage Position and Activity 59,000 net acre position in the core of the TMS Contiguous blocky acreage with 3+ years of average remaining lease term SN anticipates spudding up to 4 gross (2 net) operated wells including…
  18. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 18
    Capitalization Current liquidity of 981 million Pro Forma 2Q14 Capitalization Table & Liquidity (MM) As of Pro Forma 681 million in cash 6/30/14 6/30/14 Cash and Equivalents 386 681 362.5 million borrowing base with an elected…
  19. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 19
    Hedge Summary & Philosophy We maintain an active hedging program to help support capital spending, protect cash flow, and ensure strong financial coverage metrics Currently have 4.3 MMBoe hedged for 2014 (3.5 million barrels of oil and…
  20. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 20
    Capitalization Summary Revolving credit facility (due 2018) 362.5 MM borrowing base with an elected commitment of 300 million and an interest rate of LIBOR + 1.50% - 2.50% Restrictive covenant: Net Debt < 4.0x TTM EBITDA 600 MM of…
  21. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 21
    Summary Investment Highlights Deep inventory of high-return, low risk locations underpins growth 2,800+ net drilling locations across 224,000 net acres in the Eagle Ford 2015 production guidance midpoint: 55,000 boe/d Manufacturing…
  22. Johnson Rice 2014 Energy Conference – Sanchez Energy Corp – slide 22
    NonGAAP Reconciliation and Measures Reconciliation of Net Income (Loss) To Reconciliation of PV-10 To Adjusted EBITDA (M) Standardized Measure (MM) Pro Forma Actual LTM Ended LTM Ended As of As of 6/30/14 12/31/11 6/30/14 12/31/11…

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