Investment Highlights Oil-weighted, long life, diverse reserve base Ideal, Oil- Shallow, predictable declines Weighted Total proved reserves of 109 MMboe (77% liquids and 85% developed) as of 12/31/13 MLP Assets Low maintenance…
Stable, Conventional, Long-Life Assets Proved Reserves (MMBoe) 109.1 Mid-Continent Daily Production (Boed) 18,900 4% of Proved Reserves (4.9 MMBoe) Proved Developed 85% 6% of Production (1,145 Boed), 51% liquids Liquids (Production)…
2014 Capital Summary Total CAPEX: 182MM By Area By Project Other 2% Lease/Plant/ Other Permian Ark-La-Tex CWO/Rec 16% 29% 35% 33% Jay D&C 34% 51% Capital program focuses on low-risk oil-weighted projects with superior…
Jay Field Development Legacy oil field with 1 billion barrels of OOIP Currently under tertiary recovery with nitrogen and water injection Historical run times over past three years exceeds 90% Cumulative and Significant low-risk…
East Texas Field Approximately 360 million of acquisitions completed since December 2012(1) East Texas Field Outline Operational and field synergies encourage bolt-on acquisitions Significant low-risk development opportunities…
Dorcheat Field Ark-La-Tex Cotton Valley field located in Columbia County, Arkansas Vertical completions at depths ranging from 6,500 9,000 feet Reservoir is a combination structural strat trap with multiple CV stringers First two…
Permian Area QRE has established a position of 65,000 net acres in the Permian Basin Key fields are located on the central basin platform and Drinkard / Abo Clearfork Drilling Infill Drilling eastern shelf Active Waterfloods…
Oil-Weighted Commodity Mix QRE 1Q14 Production Production - % Liquids NGLs 13% Natural Gas Oil 59% 28% QRE 1Q14 Revenue (Including Hedges) NGLs Natural 6% Gas 15% Oil 79% Peer Average = 51% Note: QRE and peer…
Industry Leading Margins Oily Acquisitions and Development of Oil Properties Have Led to Superior Margins among Peer Group Note: QRE and peer group data as of 1Q14. Peer group includes: ARP, BBEP, EVEP, LGCY, LINE, LRE, MCEP,…
Robust Hedge Portfolio Prudent and opportunistic hedging mitigates Oil Hedges 100% commodity price fluctuations 90% 91% QRE Peer Average 83% 80% 75% Reducing commodity exposure is a key element 70% 70% 70% to cash flow…
Acquisition Market Overview Conventional Asset Supply(1) Avg. Announced 2014 C-Corp E&P Capital Budgets(2) 30.0 26.5 U.S. Onshore Mature Asset Supply (B) 25.0 22.8 2010-2013 Avg. 20.2B 37% 20.0 18.8 Higher than 2013E…
QR Energy Investment Considerations Oil-Weighted, Low Decline and Long Life Assets Exceptional Market Conditions Favor Acquire and Exploit Strategy Robust Hedging Program Protects Cash Flows Improved Market Competiveness GP…
Select Organic Growth Opportunities in 2014 8 D 7 NEWLAN 9 10 A-897 .R.C O. 2 T. & P.R A-167 3 .R.C O. T. & P.R A-169 4 PS 18 PHILLI 17 16 A-900 15 .R.CO. T. & P.R A-170 JOLLY A-8 83 11 22S 37E 10…
Capital Structure Overview Balanced Capital Structure Key Credit Statistics Leverage Ratio 3.5x Senior Notes Due 2020 Current Ratio(1) 3.4x 297 Million 12% Interest Coverage 5.8x Debt/Enterprise Value 40% Equity Market Bank…
Maintenance Capital Production wedges from annual maintenance Definition: Average annual capital capital programs needed to keep production flat 100% 90% over 5 year period 80% 70% Year 1 Year 2 Year 3 Year 4 Year 5 Annual…
Management & Board of Directors Leadership Name Years Experience Select Previous Experience Alan Smith Quantum Energy Partners; Chalker Energy Partners; Ocean Energy, Inc.; Ryder Chief Executive Officer, 28 Scott Company; Burlington…
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