Alta Mesa Holdings, LP 2013 Wells Fargo Energy Symposium December 2013
Alta Mesa Overview High Quality & Diversified Asset Portfolio Overview Established E&P company founded over 25 years ago and headquartered in Houston; AMH is led by an experienced and committed team of industry veterans Deep bench of…
Business Philosophy 25-year operating history built on well-defined management philosophy Develop and expand a balanced portfolio of de-risked resource plays and high-quality conventional assets with best-in-class engineering,…
Investment Highlights Alta Mesa is an Established Platform for Value and Growth Geographically and geologically balanced portfolio well positioned in proven, attractive U.S. basins. Oil zones in Sooner Trend (Mississippi Lime, Hunton…
Significant Program Drilling Opportunities in Core Assets Development of attractive resources on largely HBP acreage, de-risked and highly executable Sooner Trend Resource 40,000 net acres in Kingfisher County, HBP; being developed…
Operating Efficiency & Profitable Growth Production Proved Reserves PV-10 (3) (MBoe/d) Reflects decline of (MM) 8 BCF of dry gas production in Hilltop 1,400 20 dueto reallocation of capex to oil projects 18 1,200 16 1,000 14…
Consistently Effective Hedging Disciplined Price Risk Management Protects Future Revenues, Preserves Asset Option Value Hedge Program Overview AMH actively hedges future production to lock in attractive economics on its drilling…
Attractive Hedging Profile Oil Hedge Profile Natural Gas Hedge Profile Hedged Volumes as a % of Q3 2013 Daily Oil Production Hedged Volumes as a % of Q3 2013 Daily Gas Production Year 4Q13 2014 2015 2016 2017 Jan-Jul18 Year 4Q13 2014…
Core Asset Operations & Opportunities
South Texas Eagle Ford Acreage position in the core of the Eagle Ford in Karnes County Overview (1) Karnes Acreage Position Proved Reserves 10.0 MMBOE Oil PV10 (MM) 341 Wet Gas/Condensate % Proved Developed 49% Dry Gas R/P 8.2x…
Production History & Down-spacing Upside Time Normalized Average AMH MUR Operated Karnes County Well Decline Profile 1,000 30 Day Avg Rate 613 BOE/D Daily Production (BOEPD) 60 Day Avg Rate 100 619 BOE/D Average well…
Weeks Island Multi-discipline application of modern technology and sound operations Overview (1) Proved Reserves 9.7 MMBOE PV10 (MM) 504 % Proved Developed 58% R/P 8.0x Q3 2013 Production 3,330 BOEPD % Oil (Production) 89%…
Historical Gross Production and Reserves Growth Material reserve replacement and production growth since acquisition of field in 2010 Gross Production (BOEPD) 7,000 Drilled 44 wells in the last three years 6,000 Average of 300 MBOE…
Weeks Island - East Flank Acquisition Transaction Overview Weeks Island Purchase closed 10/1/13; effective date of 8/1/13 Acquired additional working interest in wells and acreage primarily operated by Alta Mesa on North and West…
Sooner Trend Step change in reserves and production through HZL development of stacked pays Overview (1) Mississippi Lime Development Potential Proved Reserves 9.0 MMBOE 2 33 34 3 35 3 36 3 31 3 32 33 34 35 36 31 32 33 34 35 36…
Stratigraphic Column Mississippi, Woodford, and Hunton Focus, with Potential for Many Other Pay Zones Reservoir Sooner Trend Highlights Checkerboard Major resource targets now defined below waterflood formations Mississippi active…
Stronger Outlook for Mississippi Lime Reserves Alta Mesa Horizontal Mississippi Lime Wells on Track to Exceed 275 MBOE Base Curve Sooner Trend HZL MSL Production History vs 275 MBOE Base Curve 100000 10000 Peak 30 IP Spud Date…
Investment Highlights Alta Mesa is an Established Platform for Value and Growth Geographically and geologically balanced portfolio well positioned in proven, attractive U.S. basins. Oil zones in Sooner Trend (Mississippi Lime, Hunton…
Appendix
Hedge Positions Natural Gas Oil Type of Contract Index Volume in Bbls Wtg Avg. High Low Type of Contract Volume in Mmbtu Wtg Avg. High Low 4Q13 4Q13 Swap Contracts Short Swaps WTI 197,800 92.49 94.92 77.00 Swap Contracts Short Swaps…
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