Eagle Rock Energy Partners, L.P. Contribution of Midstream Business to Regency Energy Partners LP December 23, 2013
Legend Additional Information and Where to Find It This presentation does not constitute the solicitation of any vote, proxy or approval. This presentation relates to a potential transaction between the Partnership and Regency. This…
Transaction Overview Eagle Rock to contribute its Midstream Business to Regency Energy Partners for total consideration of up to 1.325 billion, consisting of: Key Terms 200 million of Regency common units Combination of cash and…
Strategic Rationale Enhanced Balance Sheet Strength Significant deleveraging to facilitate future growth Pro forma net Leverage Ratio expected to be under 1.75x with improved liquidity either in the form of excess cash or…
Strategic Positioning Pro Forma Eagle Rock Will Be Among the Least Levered in the Upstream MLP Sector Pro Forma Eagle Rocks Relative Positioning 6
Pro Forma Asset Base Mid-Continent Assets Proved Reserves: 233 Bcfe Avg. Prod. Rate (1): 48.8 MMcfe/d % Gas (1): 58% Net Operated Wells: 235 Average Operated WI: 83% Permian Area Alabama/Miss. Area Proved Reserves: 30 Bcfe…
Diversified Reserve Base Across High Quality Basins Reserve Profile Alabama 350 Bcfe of proved PUD 17% NGLs Oil 24% South reserves at 12/31/12 22% Texas 22% 1% East Texas 7% 13-year reserve life (1) Permian 8% Gas 56%…
Loading...
