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Goldman Sachs Global Energy Conference – Forest Oil Corp.

Forest Oil Corp. · Jan 9, 2013 · 23 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. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 1
    GROWING THE OIL IN FOREST Goldman Sachs Global Energy Conference January 8-9, 2013 FOREST OIL CORPORATION
  2. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 2
    Forest Oil Snapshot Panhandle Area Corporate Summary 12/31/11 Est. Proved Reserves of 1.9 tcfe East Texas / North 55% Proved Developed Louisiana R/P Ratio 16 Years 3Q12 Average Net Sales Volumes of 339 Eagle Ford Shale MMcfe/d…
  3. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 3
    Focused on Our Strategy Executing on Strategic Objectives Exploit our growing inventory of higher-return oil growth opportunities in the Texas Panhandle Area Focus on Eagle Ford oil project Adjust capital spending rate to align…
  4. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 4
    Recent Highlights Executing on Strategic Objectives Panhandle Area continues to yield impactful results targeting shallower oil horizons - Extended boundary of Hogshooter play with successful well at Camp South that came online at an…
  5. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 5
    Focused Drilling Plan Rig Count by Area Majority of drilling capital is being allocated to higher-margin oil and All Rigs are Focused on Oil and liquids projects Liquids-Rich Targets Maintain focus on core Texas Panhandle and…
  6. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 6
    Oil Transformation Continues Track Record of Growing Oil Production ( barrels per day ) 10,000 9,000 8,000 7,000 6,000 5,000 4,000 8,793 3,000 6,412 6,812 5,331 2,000 1,000 0 2009 2010 2011 2012E ** * Pro forma…
  7. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 7
    Revenue & Production 2008 3Q12 Revenue & Production Mix* ( % Revenues ) ( % Oil & Liquids Production ) 80% 35% 33% 70% 31% 60% 29% 50% 27% 40% 25% 23% 30% 21% 20% 19% 10% 17% 0% 15% 2008 2009 2010 2011 3Q12 %…
  8. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 8
    Focused Asset Portfolio PUD PUD Other Unrisked Lantern Land Access & Net Acres Identified Liquids Area (September 30, Locations Reserves *** Potential* Drilling Infrastructure 2012) (December 31, (Net Bcfe) Locations* (Net Bcfe)…
  9. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 9
    Panhandle Area Presents Unique Opportunity P Douglas Knowledge Based Exploitation e Tonkawa n Missourian Wash n Cleveland Large database (700+ wells) creates unique and extensive Lansing - Kansas City Marmaton knowledge base of…
  10. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 10
    Panhandle Area Geologic Intervals Acreage Multiplier (Interval Factor) Other Identified Geologic Interval Locations* Douglas 25 Higher-margin oil Tonkawa 63 zones provide increasing development Missourian Wash (3 Zones) 45…
  11. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 11
    Panhandle Area Oil Zones Growing Oil Opportunities Cleveland / Tonkawa Missourian Wash (Hogshooter) program averaging a 24-hour max production rate of 2,600 boe/d within the Frye Ranch Area Undisclosed KELLN Hogshooter program has…
  12. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 12
    Panhandle Area NGL Takeaway Improving Improving Dynamics Panhandle Area DCP Midstream currently constructing Southern Hills Pipeline FST Acreage Southern Hills provides increased optionality with access to better outlets Allows…
  13. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 13
    Eagle Ford Shale: Oil Window Position Developing Central Fairway Go-it-alone plan allows Forest to hold approximately 40,000 net acres Continue to see consistent IP and EUR results within second-generation well group 24-hr max IP rate…
  14. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 14
    Eagle Ford Shale: Completion Optimization Completion Evolution Yielding Consistent Results Initial Completion Transitional Completion Current Completion Targeted Section Version I Version II FOREST OIL CORPORATION 14
  15. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 15
    Eagle Ford Shale Well Performance Development Program Seeing Consistent Results ( Boe/d ) 24-hr Max IP Rate* 30-day Average Rate* 700 600 500 400 667 300 550 489 200 272 100 0 1st Generation 2nd Generation 1st…
  16. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 16
    Eagle Ford Shale: Maximizing Efficiencies Enhancing Well Economics Rig walking system introduced for multi- well pad drilling Pad drilling results in improved efficiencies and other synergies Four-well pad can be drilled in 65 days as…
  17. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 17
    Eagle Ford Premium Pricing 2012 Platts LLS vs. NYMEX WTI* Gross 1st Month Revenue Comparison* 140 1,700 130 1,600 120 1,500 110 1,400 100 1,300 90 1,200 80 1,100 70 1,000 Standard Eagle Ford Well FST Eagle Ford Well…
  18. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 18
    Economic Sensitivity of Eagle Ford 300 Mboe EUR Type Well Economics* * Base case: EUR of 300 Mboe and 500 Boe/d initial 30-day average rate FOREST OIL CORPORATION 18
  19. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 19
    East Texas Liquids Play Stacked-Pay Advantage Total acreage position of 147,000 gross acres (110,000 net) in East Texas prospective for oil and liquids-rich Cotton Valley objectives Legacy acreage position held by production with…
  20. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 20
    Attractive Debt Maturity Profile (MM) 1,200 Debt Profile 9/30/2012 1,000 7.25% 1,000 Maturity (years) 6.1 800 500 600 7.5% 300 400 200 300 L + 5.89%1 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 Fixed Debt Floating…
  21. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 21
    Hedging Program Summary Opportunistically Adding to Hedge Position Oct. Dec. 2012 2013 2014 2015 Natural gas swaps (Bbtu/d) 155 (1) 160 40 - Weighted average price (per MMBtu) 4.63 3.98 4.50 - Natural gas liquids swaps (MBbls/d)…
  22. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 22
    Investment Highlights Dominant operating position in Forests three core areas Focused capital plan allows Forest to concentrate on higher return oil and liquids-rich growth opportunities High quality inventory of assets underpin future…
  23. Goldman Sachs Global Energy Conference – Forest Oil Corp. – slide 23
    Forest Oil Corporation 707 Seventeenth Street, Suite 3600 Denver, CO 80202 303.812.1400 Website: www.forestoil.com Investor Relations Contact: Larry Busnardo, Director Investor Relations Phone: 303.812.1441 Email:…

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