Senior Leadership Name/Title Years Previous Experience David J. Chernicky Chairman of Board & Senior Geologist New Source Energy Chairman + Senior Geologist 30+ Co-Founder, President and Manager New Dominion & Scintilla Geologist…
New Source Summary MLP with Upstream and Oilfield Services segments Asset Profile Headquartered in Oklahoma City, OK 20.6 MMBoe total proved reserves(2) Initial Public Offering NSLP February 60% proved developed(2) 2013 (Total…
How We Manage Capital Measured approach to capital spending focused on maintaining cash flow from mature, long lived fields, and expanding services business Invest in core areas with long production history Grow production…
Our Strategy: Balance opportunity with full-cycle operations Acquire and produce mature, long lived oil and gas properties which have predictable production profiles and expand services business Operate within our core operating…
Focus on Value Creation February March May July October November January 2013 2013 2013 2013 2013 2013 2014 26,00 New Source Increased Acquires Creates New Acquires Completes first Completes distribution 5% working Energy Partners…
Unit Price and Total Return Comparative Price Performance Total Annualized Return (February 2013 IPO through 5/12/2014) 30,0% NSLP Alerian MLP Index 25,0% 25% 20,0% 20% 15,0% 15% 10,0% 10% 5,0% 5% 0,0% 0% NSLP…
Why the Hunton Reservoir Outline of Hunton Reservoir NSLP Core NSE Core Operating Operating Area Area The New Source Groups technical team has over 29 years of Substantial Drilling Inventory experience with a 98% success rate…
High Quality Asset Base Reserve Category Oil (Bbls) Gas (Bcf) NGLs (Bbls) Total (Boe) Net Liquids (%) PV-10 ( MM) PDP 922,190 19.6 8,290,570 12,483,598 73.8% PUD 517,390 16.6 4,866,670 8,154,960 66.0% Total Proved Reserves…
Long-Lived Reserves Fit MLP Structure Hunton Conventional Resource Reservoir; Generalized Type Curve Hydrocarbon production typically increases through the first three to seven months NGL & Natural Gas Peak Production Time: 14…
Technology Generates Repeatable Low-Risk Value Historically Produced Golden Lane Field Presently Produced Golden Lane Field Results from conventional traps Results from conventional resource reservoirs In the same geographic…
New Source Infrastructure Already in Place Infrastructure is built and Transportation, storage and disposal systems are installed before wells are drilled in place Gas, water & Oil, gas and electrical lines saltwater are laid…
Continued Opportunities For Growth State of Oklahoma Outline of Hunton Reservoir NSLP Core NSE Core NSLP Operating Operating Acquisition Area Area March 2013 NSLP NSLP NSLP Acquisition Acquisition Acquisition May 2013 July…
Oilfield Services Division November 2013, NSLP acquired an Oklahoma City- based oilfield service business specializing in full service blowout prevention installation and pressure testing services Began the transition of NSLP into…
Oilfield Services Division Company Overview Drilling Services Division Headquartered in Oklahoma City, OK, MidCentral Energy Provides installation and pressure testing of blow out Services, New Source Energys Service division, is an…
Transition From Upstream to Integrated NSLP February 2013 - IPO NSLP May 2014 Upstream MLP focused Integrated upstream MLP with on Hunton Reservoir production in the Hunton and a services division in Mid-Continent region,…
Forced Pooling Operators can permit a well to Example on 640 Acre Spacing be drilled even though all of the mineral rights under a Before Forced Pooling After Forced Pooling production unit are not fully leased by the operator…
Three Year Hedge Portfolio(1) Average Hedge Prices (2) Oil Gas NGLs Oil Gas NGLs Oil Gas Swaps: Swaps: Swaps: Swaps: Swaps: Swaps: Swaps: Swaps: 90.20 4.09 39.79 88.90 4.25 82.74 86.00 4.37 Collars:(5) Collars:(4) Collars:(5)…
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