Barclays CEO Energy-Power Conference September 12, 2013
Halcn Today Build oil-levered company with significant acreage in several core plays A Proven Identify thousands of de-risked but unbooked locations for future development Strategy Proven management team with strong track record and…
Liquids-Rich Core Asset Base Significant Resource Potential Other Exploratory Plays Not Shown Bakken/Three Forks Key Statistics 150,000 Net Acres Total Proved Reserves: 106.7 MMBoe % Proved Developed: 48% Utica/Point Pleasant…
Catalysts = Substantial Upside Potential Bakken/Three Forks El Halcn Operational efficiencies expected to lead to Extension of prolific Eagle Ford shale improved recovery factors/economics Optimization of D&C techniques nearing…
Halcn Positioned to Deliver Halcn to Deliver Significant Production Growth in 2013 (1) Pro Forma Net Production Volumes in Mboe/d 35.0 28.1 Actual Production 24.9 25.5 21.0 22.4 Guidance Midpoint 18.9 +25% +10% PF…
Bakken/Three Forks IP Rates for Recent Wells Outperforming Type Curve Estimates 150,000 Net Acres Proved Reserves(1) 74% operated Gas Avg. WI in operated acreage: 94% NGL 9% Asset Avg. WI in operated wells:…
Williston Basin Operating Details Total Three Bakken Williston Forks Basin Producing 120 35 155 Operated Well Summary Completing 3 2 5 WOC 9 3 12 Drilling 6 4 10 Total 138 44 182 Forecast Active Rigs 2H13 6 Gross…
Continued Focus on Improving Well Performance 1 Plug & perf vs. sliding sleeve 58% increase in average Bakken IP Fort rate (1) 100% ceramic proppant Completion Modifications Berthold: Record IP rate of 3,317 Boe/d on Bakken &…
Batch Drilling Improves Well Efficiency and Lowers Drilling Costs Single Well Drill vs. 4 Well Batch Drill on Pad Site in 000s unless otherwise noted (293) (390) (143) (45) (33) (30) (400) 1.3 MM & 25 Days in savings…
El Halcn Operating More Efficiently; Increasing Footprint 60,000 net acres (1) Proved Reserves(2) 100% operated NGL Gas Avg. WI in acreage: 72% 3% 3% Asset Avg. WI in wells: 74% Overview Avg. NRI in wells: 56% 2.5 2Q13 production…
El Halcn Operating Details Producing 25 Operated Well Completing 3 Summary WOC 2 Drilling 3 Total 33 Forecast Active Rigs 2H13 3-4 Operated Wells Spud 2H13 20-25 HK Lease Area HK Locations HK Operated Rig…
Rapid Production Growth El Halcn 2013 YTD Pro Forma Net Daily Production Growth 6,000 4,900 3,230 25 24 2,109 Monthly 1,650 Production 16 (Boe/d) 1,162 776 12 734 741 Producing 9 Wells 7 7 5 6 Jan 13 Feb 13 Mar 13…
Drilling Efficiencies = Improved Economics El Halcn YTD 2013 Drilling Stats 18.88 1,656 9,033 13.83 1,263 7,876 7,312 10.75 850 Avg. Drilling Drilled Lateral Avg. Feet / Day Days Length (Feet) First Five Wells Last…
El Halcn Cross Section 16
Utica/Point Pleasant Evaluation Ongoing; Leasing Efforts Reinitiated; HFS Moving Forward 142,000 net acres (1) 99% operated Avg. WI in acreage: 96% Asset Avg. WI in wells: 91% Overview Avg. NRI in wells: 75% 2Q13 production 90…
Utica/Point Pleasant Operating Details Producing 2 Operated Well Summary Tested/Shut-in - WOPL 6 Resting 1 Total 9 Forecast Active Rigs 2H13 1 Operated Wells Spud 2H13 3- 5 Allam 1H Flare Test (Venango County,…
Top Liquids-Rich Utica Well Results Kibler 1H Ranks Among the Top Liquids-Rich Utica Results (50% Liquids) 4.0 100% 3.5 Kibler 1H 90% 75% 80% 3.0 Peak Rate (MBoe/d) % Liquids Content 70% 2.5 2.2 60% 2.0 50% 1.5 40% 30%…
Oil & Gas Marketing Strong Price Realizations 2Q13 HK Oil Differentials by Area 2Q13 Total HK Differentials Avg. NYMEX Oil Price Oil Differential 108% 109% 97% (vs. NYMEX Oil) 94.17 102% 103% NGL Differential 35% (vs. NYMEX…
Halcn Field Services (HFS) Infrastructure Challenges = Opportunity Support Halcn drilling operations Control time to market by installing, owning and operating midstream assets Minimize environmental impact Experienced leadership…
Financial Policies Fund growth and capital expenditures prudently Control capital spending (e.g. avoid short-term HBP obligations) Discretionary growth funded with internally generated cash flow, asset sales, equity and debt when…
Pro Forma Capitalization and Liquidity Pro Forma Capitalization ( in Millions) Adjustments HK Acquisitions / Capital Pro Forma HK (1) (2) 6.30.2013 Divestitures Raises 6.30.2013 Ca s h a nd Ca s h Equi va l ents 3.1 332.2 335.2…
2013 D&C Capex Budget Details 2013 D&C Capex by Area 2H 2013 FY 2013 Bakken/Three Forks 52% 46% Woodbine 1% 15% El Halcn 38% 22% Utica/Point Pleasant 7% 10% Other 2% 7% Total ( in millions) 510 1,375 Note: D&C capital…
Derivative Summary as of 9.4.13 PROTECT CASH FLOW Hedged Oil Production (Bo/d) Hedged Gas Production (MMBtu/d) 30,000 40,000 26,527 25,037 504 35,000 25,000 978 30,000 26,652 20,000 652 25,000 MMBtu/d Bo/d 15,000…
Investment Highlights Oil-Weighted Proved reserves of 106.7 MMBoe (85% oil & NGLs) (1) Assets Current production of 40.0 MBoe/d is comprised of 85% liquids Substantial Halcn estimates total resource potential of more than 1 BBoe…
Pro Forma Production and Proved Reserves Detail Avg. Net Daily Production (Boe/d) (1) Proved Reserves (2) 1Q13 2Q13 Variance Oil MBbls Gas MMcf NGL MBbls Equiv. Mboe % Oil/NGLs % PD % Total PV10 (2) % Total PV10 Q/Q Reserves (MM)…
Derivative Detail as of 9.4.13 Oil Hedge Summary July to December 2013 FY 2014 FY 2015 Volume Ceiling / Floor Volume Ceiling / Floor Volume Ceiling / Floor (Bbls) Swap Price (1) Purchased (1) Floor Sold (1) (Bbls) Swap Price (1)…
Contact: Scott M. Zuehlke, VP Investor Relations 1000 Louisiana St., Suite 6700 Houston, TX 77002 832-538-0314 szuehlkehalconresources.com www.halconresources.com 32
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