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June 2014 Investor Presentation – Athlon Energy Inc.

Athlon Energy Inc. · Jun 10, 2014 · 25 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. June 2014 Investor Presentation – Athlon Energy Inc. – slide 1
    Investor Presentation 1
  2. June 2014 Investor Presentation – Athlon Energy Inc. – slide 2
    Athlon Overview - Pro Forma Acquisitions Pro Forma Key Highlights Pro Forma Permian Basin Map Ticker: ATHL Market Share Price: 43.40 (1) Summary Diluted Share Count 99.4mm (6/3/14) Market Capitalization: 4,314mm Enterprise Value:…
  3. June 2014 Investor Presentation – Athlon Energy Inc. – slide 3
    Athlon Strategy Intense Focus on Rate of Return Create Organic Growth High-Quality Assets Low-risk Proven plays in prolific basins Repeatable Multi-stacked pay intervals Multi-year Inventory Oil weighted and high margin HBP all…
  4. June 2014 Investor Presentation – Athlon Energy Inc. – slide 4
    Delivering the Goods out of the GateAGAIN 1Q14 Continuing to Exceed Expectations Horizontal Program Bolting to the Front of the Pack Exceeded the high-end of production guidance range by 187 BOE/d First 5 horizontal wells 85% ROR at…
  5. June 2014 Investor Presentation – Athlon Energy Inc. – slide 5
    Executing on our Strategy: High-Quality Acquisitions Exposure Across Entire Northern Midland Basin Midland Basin Map Acquiring 23,500 net acres in Martin, Upton, Glasscock and Andrews Counties Largely privately-negotiated with five…
  6. June 2014 Investor Presentation – Athlon Energy Inc. – slide 6
    2014 Outlook: Increasing Expectations Again Revised 2014 Guidance Rig Status Vertical Rigs County Status Athlon Pro Forma Rigs 1, 2, 3 Midland, Martin & Other Drilling Low Midpoint High Rigs 4, 5, 6 Howard Drilling Rigs 7, 8…
  7. June 2014 Investor Presentation – Athlon Energy Inc. – slide 7
    Low-Risk, High-Growth Oil Company 2011 2012 2013 2014 (1) 35,000 167% Growth 73% Growth 100% Growth 30,000 25,000 2014E Average 17 MBOE/d 71% YOY Production, BOEPD 20,000 growth 15,000 10,000 5,000…
  8. June 2014 Investor Presentation – Athlon Energy Inc. – slide 8
    Organic Growth in Proved Reserves Replaced 10x production via Drillbit Replaced 14x production via 56% Drillbit Organic Replaced 11x production via Drillbit Drillbit F&D 8.85 / Boe 44% Acquired Drillbit F&D…
  9. June 2014 Investor Presentation – Athlon Energy Inc. – slide 9
    Full-Field Development Unlocks Reserve Potential Reserve Potential per 960 Acres (1-1/2 Sections)(1) Full-Field Development Schematic 960 Acres Horizontal Wells Vertical to Horizontal Hori zonta l Verti ca l 40s Verti ca l 20s Tota l…
  10. June 2014 Investor Presentation – Athlon Energy Inc. – slide 10
    Low-Risk Vertical Inventory Midland Basin Midland, Martin Company (1) (1) & Other Howard Glasscock Total Clear Fork Net Acreage 61,000 57,000 16,000 134,000 Upper Spraberry Locations: Gross Net Gross Net Gross Net Gross Net…
  11. June 2014 Investor Presentation – Athlon Energy Inc. – slide 11
    Prolific Vertical Results Across Athlons Acreage Athlon Top Performing Vertical Well Map Athlon Top Performing Vertical Wells 24 Hr IP 30-Day IP Well Nam e County Boed Boed 1 Bigony 48 1 How ard 704 572 2 King 13 1 How ard 905 681…
  12. June 2014 Investor Presentation – Athlon Energy Inc. – slide 12
    Vertical Wolfberry Single-Well Economics ROR Sensitivity (%) 90% 77% Midland 80% 70% 59% 60% 53% 55% Average 50% 43% 42% 32% 39% 49% Howard 40% 33% 39% 44% Glasscock 30% 23% 24% 36% 30% 35% 20% 17% 23% 27% 32% 10% 16% 20%…
  13. June 2014 Investor Presentation – Athlon Energy Inc. – slide 13
    High-Growth Horizontal Potential (1) Horizontal Locations (1) Midland, Martin & Other Howard Glasscock Company Total Midland Basin Gross Net Gross Net Gross Net Gross Net Clear Fork 72 68 72 68 Upper Spraberry Middle…
  14. June 2014 Investor Presentation – Athlon Energy Inc. – slide 14
    Superior Execution & Experienced Team Result in Top-Tier Wells 3D Frac Design Model Radioactive Tracer Evaluation Log 5. 1. Apply vertical expertise to target organic rich, brittle rock 2. Drill entire lateral within 3. defined…
  15. June 2014 Investor Presentation – Athlon Energy Inc. – slide 15
    Bolting to the Front of the Pack Wolfcamp 30-Day IP Per 1,000 of Lateral by Operator (Boe/d) West-side Wolfcamp 300 30-day IP rate Lateral East-side Wolfcamp Well County % Oil (BOE/d) Length 1 well 1 TXL N 7-3 5H Midland 1,200…
  16. June 2014 Investor Presentation – Athlon Energy Inc. – slide 16
    Successful Horizontal Delineation As Promised Athlons 1st Five Horizontal Wells 85%(1) Average ROR at 90 Oil 24-hr IP rate 30-day IP rate Lateral Well County Targeted Zone % Oil (BOE/d) (BOE/d) Length 1. TX N 7-3 5H Midland…
  17. June 2014 Investor Presentation – Athlon Energy Inc. – slide 17
    Midland, Martin & Other Pro Forma Snapshot Midland, Martin & Other Highlights 61,000 pro forma net acres Athlon SA Acreage Less than 20% of estimated vertical locations drilled-to-date Acquired Acreage 8 Effective exposure to as many…
  18. June 2014 Investor Presentation – Athlon Energy Inc. – slide 18
    Midland, Martin & Other Wolfcamp Type Curves Updated Pegasus 7,500 Type Curve (Boe/d) Martin & Other 7,500 Oil Type Curve (BO/d) Peak Peak 30- 2200 2200 Athlon Well 24-hr IP day IP % oil TXL N 7-3 5H 1,661 1,200 77% Daily…
  19. June 2014 Investor Presentation – Athlon Energy Inc. – slide 19
    Howard Area Snapshot Howard Area Highlights Howard Area Acreage Map 57,000 pro forma net acres Athlon Acreage Highly contiguous acreage blocks Industry quickly de-risking area for horizontal development Other Operators 3 wells (1…
  20. June 2014 Investor Presentation – Athlon Energy Inc. – slide 20
    Howard County Wolfcamp Activity Athlons Howard County Acreage Map Element Oil Performance vs. Athlon Oil Type Curve (BO/d) 1000 Peak 24- Peak 30- % oil Operator Well hr IP day IP 1 SFH Unit 231H 1,086 715 84% Element 2 Gardner Unit…
  21. June 2014 Investor Presentation – Athlon Energy Inc. – slide 21
    Howard Wolfcamp Type Curve Medium Lateral (7,500 ft.) ROR Sensitivity: (EUR vs. D&C Cost) ROR Sensitivity: (EUR vs. % Oil) D & C Cost (MM) 8.0 EUR MBOE EUR MBOE EUR (MBOE) 3 stream 625 625 700 800 900 625 700 800 900 CAPEX MM…
  22. June 2014 Investor Presentation – Athlon Energy Inc. – slide 22
    Glasscock Area Pro Forma Snapshot Glasscock Area Highlights Glasscock Area Acreage Map 16,000 pro forma net acres Athlon SA Acreage Highly contiguous acreage blocks Acquired Acreage 6 Newly acquired acreage near prolific ODaniel…
  23. June 2014 Investor Presentation – Athlon Energy Inc. – slide 23
    Glasscock Wolfcamp Type Curve Medium Lateral (7,500 ft.) ROR Sensitivity: (EUR vs. D&C Cost) D & C Cost (MM) 8.0 EUR MBOE EUR (MBOE) 3 stream 625 625 700 800 900 CAPEX MM 30-Day IP (Boe/d) 625 7.0 48% 60% 80% 103% 7.5 41% 52%…
  24. June 2014 Investor Presentation – Athlon Energy Inc. – slide 24
    Fully-Funded Drilling Program (1) Pro Forma Capitalization Production Hedged 16,000 100.00 Pro Forma 92.71 92.52 92.31 ( in millions) March 31, 2014 90.90 90.90 91.11 91.11 Cash 299.3 90.00 14,000 Credit Agreement 0.0…
  25. June 2014 Investor Presentation – Athlon Energy Inc. – slide 25
    Building Future Success by Capitalizing on Historical Success Top-tier Operator with Exposure Across the Entire Northern Midland Basin 134,000 net acres across the most prolific counties in the Basin 24,250 BOE/d 2014E production 162…

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