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Wells Fargo 2014 Energy Symposium – Midstates Petroleum

Midstates Petroleum · Dec 10, 2014 · 35 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. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 1
    MIDSTATES PETROLEUM COMPANY, INC. Wells Fargo 2014 Energy Symposium Nelson Haight, SVP and CFO December 10, 2014
  2. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 2
    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…
  3. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 3
    DASHED2014A&DManagement; PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Midstates Petroleum Overview Midstates has a robust, strategically-located portfolio offering significant…
  4. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 4
    DASHED2014A&DManagement; PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL High-Growth Resource and Well Inventory Company anticipates significant reserves growth through additional…
  5. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 5
    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…
  6. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 6
    DASHED2014A&DManagement; PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Prolific Position in Recognized Core of Miss Lime Woods Alfalfa Highly contiguous 77,500 net acreage…
  7. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 7
    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…
  8. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 8
    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…
  9. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 9
    DASHED2014A&DManagement; PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime Future Development Since Acquisition Initially developed with four laterals per section…
  10. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 10
    DASHED2014A&DManagement; PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime: Differentiated Performance Continuing Top Tier overall well performance in the Mississippian…
  11. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 11
    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…
  12. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 12
    DASHED2014A&DManagement; PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Mississippian Lime Stacked Horizontal Inventory Acreage position overlays stacked pay zones which provide…
  13. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 13
    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…
  14. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 14
    DASHED2014A&DManagement; PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Anadarko Basin: Liquids-Rich Targets MPO Apache Jones Sandridge Chesapeake Strong acreage position,…
  15. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 15
    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…
  16. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 16
    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…
  17. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 17
    DASHED2014A&DManagement; PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Anadarko Basin Stacked Horizontal Inventory Acreage position overlays stacked pay zones which provide…
  18. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 18
    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…
  19. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 19
    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…
  20. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 20
    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…
  21. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 21
    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)…
  22. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 22
    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…
  23. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 23
    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…
  24. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 24
    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…
  25. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 25
    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…
  26. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 26
    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…
  27. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 27
    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…
  28. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 28
    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…
  29. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 29
    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,…
  30. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 30
    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…
  31. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 31
    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%…
  32. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 32
    DASHED2014A&DManagement; PresentationGS DraftsManagement PresentationBravo Data Room Presentation_vVDRf.pptx CONFIDENTIAL Hedging Summary (as of Nov 4, 2014) (3) 2014 2015 Oil Q4 Total Q1 Q2 Q3 Q4 Total WTI Swaps Volume (Bbls)…
  33. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 33
    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…
  34. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 34
    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…
  35. Wells Fargo 2014 Energy Symposium – Midstates Petroleum – slide 35
    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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