Skip to main content Year End 2013 Conference Call – Samson Resources Company Investor Presentation | Shale Experts
Loading...
Pm

Year End 2013 Conference Call – Samson Resources Company

Samson Resources Company · Apr 1, 2014 · 14 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. Year End 2013 Conference Call – Samson Resources Company – slide 1
    Year-End 2013 Conference Call April 1, 2014
  2. Year End 2013 Conference Call – Samson Resources Company – slide 2
    Key Messages 2013 Put leadership team in place Total production pro forma for divestitures of 563 MMcfe/d roughly at midpoint of CY 2013 guidance (545-590 MMcfe/d) Increased liquids production to 29%(1) which improved cash margins…
  3. Year End 2013 Conference Call – Samson Resources Company – slide 3
    2013 Capital Expenditures Highlights: 2013 2012 Difference Disciplined Capital Approach Oil & Gas Capex D&C (1) 626 672 (7%) Year over year D&C down slightly LGG, Facilities & Other (2) 84 221 (62%) Total 710 893 (21%)…
  4. Year End 2013 Conference Call – Samson Resources Company – slide 4
    2013 Financial Results Highlights: 2013 2012 Difference Liquids Production Up Y/Y(1) Production (MBbl/d) (1) Oil 14.1 11.3 +25% Driving a higher total liquids mix NGLs 12.7 10.3 +23% Liquids Mix 29% 22% +7% Increasing total…
  5. Year End 2013 Conference Call – Samson Resources Company – slide 5
    Current Hedge Position As of March 1, 2014 Natural Gas Swaps & Collars Oil Swaps NGL Swaps Wtd Avg Year Bbls/d(1) Swap Price Year Bbls/d(1) Swap Price Year MMBtu/d(1) Floor 2014 308,000 4.15 2014 16,500 90.63 2014 7,500 35.54…
  6. Year End 2013 Conference Call – Samson Resources Company – slide 6
    Financial Position Sr. Notes 2.25 Bn Total Debt and Financial Performance Ratio(1) Currently paying additional interest of 1% Reverts to 9.75% upon completion of the ( MM) exchange offer Reserved Based Credit Facility 304 2nd…
  7. Year End 2013 Conference Call – Samson Resources Company – slide 7
    2013 Production Summary Gas NGL Oil Total (MMcfe/d) (MMcf/d) 20 (MBbl/d) 20 (MBbl/d) 650 (MMcfe/d) 450 436 425 591 595 425 409 15.5 582 14.8 600 385 14.1 14.3 21.9 Avg. 578(1) 400 15 15 13.7 23.9 12.0 12.9 12.7 543 375…
  8. Year End 2013 Conference Call – Samson Resources Company – slide 8
    2013 Operational Summary Key Program Highlights: 2013 Operated Rig Count(1) West Division Ft. Union Increased drilling activity; D&C costs down significantly year/year Powder River Activity primarily focused on the Shannon oil…
  9. Year End 2013 Conference Call – Samson Resources Company – slide 9
    Driving Efficiencies Across the Portfolio Average Days Spud to Total Depth(1) Average Spud to Total Depth Cost per Foot(1) (Days) (/ft) 80 700 67 609 70 600 60 500 50 400 358 40 36 31 300 30 25 211 20 190 184 20 200 124 12…
  10. Year End 2013 Conference Call – Samson Resources Company – slide 10
    2014 Capital Plan Drill Bit Focused(1) (MM) 2014 Base Capital Plan 730 MM Other 60 Total D&C capital of 670 MM (8%) Rig count consistent with 2013 activity levels Expect to spud approximately 120 to 130 gross D&C 670…
  11. Year End 2013 Conference Call – Samson Resources Company – slide 11
    2014E Revised Production Guidance 530-580 530-580 600 79-86 79-87 578 77 500 89-97 89-97 87 362-396 362-396 413 400 (MMcfe/d) (MMcfe/d) 300 200 100 0 Gas Oil NGL Total Note: All numbers independently…
  12. Year End 2013 Conference Call – Samson Resources Company – slide 12
    2014 Activity Update Est. Rig Area Count Operations Update: Williston 1 Bakken Continued focus on infill development in Ambrose Field North Tree Field (Shannon) Q1'14 completed four-well Carolina and two-well Powder River 2-3…
  13. Year End 2013 Conference Call – Samson Resources Company – slide 13
    2013 Reserve Summary Key Highlights: Total Proved Reserves(1) Total Proved Reserves: 1.86 Tcfe Oil NGL Gas Total Reserve % Category (MMBbl) (MMBbl) (Bcf) (Bcfe) Liquids Total PV-10: 2.8 billion PDP 21 25 942 1,216 23% Liquids…
  14. Year End 2013 Conference Call – Samson Resources Company – slide 14
    2013 Adjusted EBITDA Reconciliation Three Months Twelve Months Ended Ended December 31, 2013 December 31, 2013 Net income (loss) (1,136,846) (1,105,374) Interest expense, net - - Provision (benefit) for income taxes (631,715)…

From the store

Browse maps, data & reports in the Shale Experts store