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February 2015 Corporate Presentation – Sanchez Energy Corp

Sanchez Energy Corp · Feb 4, 2015 · 22 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. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 1
    Results Driven. Manufacturing Focused. Corporate Presentation February 2015 www.sanchezenergycorp.com
  2. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 2
    Sanchez Energy Overview Eagle Ford Shale Market Cap (1) 1,000 MM Enterprise Value 2,150 MM (1) Net Acreage: 226,000 acres 1P Reserves: 135 MMBoe Current Production: 43,000 Boe/d Positioned to thrive in a period of volatile…
  3. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 3
    Managing Through the Bottom of the Cycle Focused on high-quality, low-cost oil and condensate resource play Eagle Ford Focus High grading drilling program, reducing costs, and realizing higher well performance than initial estimates…
  4. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 4
    Transformational Growth At IPO Today (12/31/11) (12/31/14) Production 609 Boe/d 71x 43,000 Boe/d Proved Reserves 6.7 MMBoe 14% PD 20x 135 MMBoe 48% PD PV-10 152 million 14x 2,082 million (1) LTM Revenue 15 million 59x 885…
  5. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 5
    Delivering Strong Results Reserves by Product Mix (12/31/14) Production (Boe/d) 150 135 PD PUD 125 50,000 40,000 100 52% 30,000 MMBoe 75 59 20,000 50 58% 10,000 25 21 48% 7 0 82% 42% 86% 30 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q…
  6. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 6
    Revised 2015 Capital Plan: Focus On Liquidity SN has reduced its 2015 capital plan to 600 - 650 million from 1.1 - 1.2 billion in order to preserve liquidity and financial flexibility Focus will be on high rate of return projects while…
  7. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 7
    Full Year 2015 & 1Q15 Guidance Expected 2015 production to range between 40,000 and 44,000 Boe/d, an increase of 40% over 2014 production at the mid-point of guidance, with expected 1Q15 production to also range between 40,000 and…
  8. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 8
    Eagle Ford Shale Position SN Position Summary Net Acres 226,000 Current Production (Boe/d) 43,000 Operated Rigs Non-Operated Rigs Gross Producing Wells 490 Hausser Wycross Alexander Ranch 10 2015 Sanchez…
  9. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 9
    Stacked Lateral Potential Palmetto Catarina Wycross Marquis La Salle Cotulla Cotulla Upper Eagle Ford Lower Eagle Ford Target 1 Lower Eagle Ford Target 2 Buda 11 Development Appraisal 2015 Sanchez…
  10. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 10
    Low Cost Operator With Sustained Cost Reductions Total Cash Operating Cost Including Interest & Preferred Dividends (/Boe) Interest & Preferred Dividends Taxes LOE Cash G&A 45.06 41.46 4.78 4.72 9.37 31.40 30.83 4.53 27.25…
  11. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 11
    Catarina Overview Western Catarina (43,000 net acres) PUD Locations only in Western Catarina 600 Potential drilling locations Eastern 300 Lower Eagle Ford drilling locations Catarina 300 Upper Eagle Ford drilling locations Central…
  12. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 12
    Driving Cost Reductions in Catarina Operational Efficiencies Realized Driving Further Competitive Advantage Drilling durations (spud to TD) reduced from 15 Optimized fluids & wellbore design days to a 9 day average on the last 3 pads…
  13. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 13
    Western Catarina Well Results Initial Upper Eagle Ford wells in Catarina have continued to exhibit strong rates and have sustained rates above the Lower Eagle Ford Type Curve First four Lower Eagle Ford wells in Catarina have further…
  14. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 14
    Palmetto Overview Acreage & Inventory Palmetto Area Acreage Total Net Acres 9,000 Average Working Interest 50% Average Net Revenue Interest 37% Planned Well Spacing (Acres) 40 Net Identified Drilling Locations (1) 170+ Operational…
  15. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 15
    TMS Acreage Position and Activity 69,000 net acre position in the core of the TMS Contiguous blocky acreage with 3+ years of average remaining lease term St. Davis Unit 1H in Amite County, Mississippi came online with a 24 hour…
  16. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 16
    Conservative Financial Strategy Solid Financial Position and Liquidity to fund future development Net Debt-to-EBITDA of 1.8x as of 9/30/14 774 million liquidity through cash and undrawn revolver facility at 4Q14 No debt maturities…
  17. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 17
    Capitalization, Credit Facility, and Debt Maturity 4Q14 liquidity of 774 million Credit Facility Details (MM) 700 650 Borrowing Base 474 million in cash 600 Elected Commitment 650 million borrowing base with an 500 Amount elected…
  18. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 18
    Hedge Strategy Hedging program protects cash flow, development and capital spend 60% of anticipated total 2015 production hedged at the mid-point of production guidance range 125 million market to market value of hedges as 12/31/14…
  19. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 19
    Hedge Positions Daily Volume Commodity Instrument Period (Bbls / MMBtu) Average Price Oil Enhanced Swaps January 1 - December 31, 2015 7,500 91.99 WTI Swap Short 74.00 WTI Put Oil Swaps January 1 - December 31, 2015 1,500 87.40 WTI…
  20. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 20
    Summary Investment Highlights Operational and financial flexibility to thrive in an uncertain commodity price environment 2015 capital plan fully funded without need to drawn on unused credit facility Ability to preserve SNs strong…
  21. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 21
    Capitalization Summary Revolving credit facility (due 2019) 650 MM borrowing base with an elected commitment of 300 million and an interest rate of LIBOR + 1.50% - 2.50% Restrictive covenant: Net Debt < 4.0x TTM EBITDA 600 MM of…
  22. February 2015 Corporate Presentation – Sanchez Energy Corp – slide 22
    NonGAAP Reconciliation and Measures Reconciliation of Net Income (Loss) To Reconciliation of PV-10 To Adjusted EBITDA (M) Standardized Measure (MM) Pro Forma Actual As of As of LTM Ended LTM Ended 9/30/14 12/31/11 9/30/14 12/31/11…

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