PostRock Corporate Profile Cherokee Basin Corporate Profile(1)(2) Net Acreage(1): 395,000 Headquarters: Oklahoma City, OK Reserves(2): 77 Bcf, 1,300 MBO PV-10(2): 99.8MM Employees: 198 (as of March 31, 2014) Net Proved Reserves…
PostRock Corporate Profile(1) Area Profiles Oklahoma Kansas New York PSTR Headquarters West Virginia Counties PostRock Oklahoma holds leasehold Central Oklahoma Cherokee Basin Appalachia 65 gross/46 net wells 2,767…
Corporate Strategy Corporate Strategy v Acquire and develop conventional and unconventional properties in the midcontinent v Mature producing region v Low development cost, low risk v Multiple stacked plays conventional and…
Transformation Delevering, Cost Reduction and Increasing Oil Production 2010 2011 2012 2013 Acquired 26.5% of 32.5MM additional Compressor PostRock formed Constellation equity from WDE program improves Energy Partners EBITDA…
Cherokee Basin - CBM Program Economics(1) v 40 Projects v IRR: 70% v Net Daily Fuel Savings: v Capital Costs: 8.5 million v NPV-10: 16 million 1.6 Mcf/d v Completed May 6, 2014 v Monthly Leasehold Savings: v Annual EBITDA impact:…
Central Oklahoma Focus Significant Acquisitions and Leasehold activity Jan 1, 2013 Mar 31, 2014 Increased Central Oklahoma leasehold from 1,500 net acres at year-end 2012 to 35,000 net acres at year-end 2013 Summary of Activity v…
Central Oklahoma History and Geology v Central Oklahoma Southern Cherokee Platform v Oil Production since 1920s v At least 18 different producing horizons v Producing depths < 1000 feet to 6000 feet v Recent Developments v…
Central Oklahoma Targets Summary Seminole and Pottawatomie Counties v Hunton Carbonate v Stacked Pennsylvanian Sands v Woodford Shale v Viola/Simpson Series v Wilcox Payne and Lincoln Counties v Woodford Shale v Mississippian v…
Central Oklahoma Hunton Horizontal Development Type Curve based on Varnum 5-1H Varnum 5-1H Gross Production Cost 2.3-2.5MM Peak Prod. 200+ BOPD Frac Stages 8 (300/stage) Current Prod.(1) 60 BOPD TMD 7000 TMV 4200 IRR(2) 50%…
Central Oklahoma Hunton Recompletions Searight Field Normalized Incremental Production Hunton Recompletions Based on 15 Recompletions Gross Production Cost 300K Peak Prod. 60 BOPD IRR(1) 100% Reserve Add(2) 40-50 MBOE 1 2 3…
Growing Oil Mix Results 2011 through 2013 Summary v Reserves v Oil reserves have increased over 100% year-over-year since 2011 v Gas reserves have decreased 14% year-over-year v On a 22:1 price equivalency basis, total reserves…
2014 Development Plan Summary Capital expenditures for 2014 projected at 25-28 million(1) and funded primarily from operating cash flow 18 - 21 million Development Capital v Focused on Central Oklahoma development v 10-12…
Litigation Settlement Constellation Energy Partners, LLC and Sanchez Energy Partners I, LP March 31, 2014 settlement with Constellation Energy Partners, LLC (CEP) and Sanchez Energy Partners I, LP (SEPI) Terms of Settlement v 8.3…
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