Investment Highlights Oil-weighted, long life, diverse reserve base Ideal, Oil- Shallow, predictable declines Weighted Total proved reserves of 109 MMboe (77% liquids and 85% developed) as of 12/31/13 MLP Assets Low maintenance…
Stable, Conventional, Long-Life Assets Proved Reserves (MMBoe) 109.1 Mid-Continent Daily Production (Boed) 18,522 4% of Proved Reserves (4.9 MMBoe) Proved Developed 85% 7% of Production (1,274 Boed), 40% liquids Liquids (Production)…
2014 Capital Summary 2014 Total Capex: 100MM By Project By Area Other 2% Gulf Coast Lease & 23% Plant 21% Permian Mid- Basin 39% Continent 2% Workover / Recompletion 41% D&C 36% Ark-La-Tex 36% Focused on…
Jay Field Development Legacy oil field with 1 billion barrels of OOIP Currently under tertiary recovery with nitrogen and water injection Historical run times over past three years exceeds 90% Cumulative and Significant low-risk…
East Texas Field Approximately 360 million of acquisitions completed since December 2012(1) East Texas Field Outline Operational and field synergies encourage bolt-on acquisitions Significant low-risk development opportunities…
Permian Area QRE has established a position of 65,000 net acres in the Permian Basin Key fields are located on the central basin platform and Drinkard / Abo Clearfork Drilling Infill Drilling eastern shelf Active Waterfloods…
Oil-Weighted Commodity Mix QRE 4Q13 Production Production - % Liquids NGLs 12% Natural Gas 27% Oil 61% QRE 4Q13 Revenue (Including Hedges) NGLs Natural 7% Gas 14% Oil 80% Peer Average = 51% Note: QRE and peer…
Industry Leading Margins Oily Acquisitions and Development of Oil Properties Have Led to Superior Margins among Peer Group Note: QRE and peer group data as of 4Q13. Peer group includes: ARP, BBEP, EVEP, LGCY, LINE, LRE, MCEP,…
Robust Hedge Portfolio Prudent and opportunistic hedging mitigates Oil Hedges 100% commodity price fluctuations 90% 89% 84% QRE Peer Average 80% Reducing commodity exposure is a key element 70% 74% 68% 69% to cash flow…
Acquisition Market Strong Market Conditions Expected in 2014 and Beyond Historical Asset Supply(1) Avg. Announced 2014 C-Corp E&P Capital Budgets(2) 30.0 26.5 U.S. Onshore Mature Asset Supply (B) 25.0 20.0 22.8 18.8…
QR Energy Investment Considerations Oil-Weighted, Low Decline and Long Life Assets Exceptional Market Conditions Favor Acquire and Exploit Strategy Robust Hedging Program Protects Cash Flows Improved Market Competiveness GP…
APPENDIX
Select Organic Growth Opportunities in 2014 8 D 7 NEWLAN 9 10 A-897 .R.C O. 2 T. & P.R A-167 3 .R.C O. T. & P.R A-169 4 PS 18 PHILLI 17 16 A-900 15 .R.CO. T. & P.R A-170 JOLLY A-8 83 11 22S 37E 10…
Capital Structure Overview Balanced Capital Structure Key Credit Statistics Leverage Ratio 3.3x Senior Notes Due 2020 Current Ratio 4.7x 297 Million 12% Interest Coverage 5.8x Debt/Enterprise Value 38% Equity Market Bank…
Maintenance Capital Production wedges from annual maintenance Definition: Average annual capital capital programs needed to keep production flat 100% 90% over 5 year period 80% 70% Year 1 Year 2 Year 3 Year 4 Year 5 Annual…
Acquired GP and Eliminated Management Incentive Fee Overview Transaction Benefits March 2014, QRE announced the Enhances acquisition of its General Partner (GP) Lower Cost Distribution Simplified Governance The GP has the right to…
Monthly Distribution Well Received by Market Quarterly Avg.: 0.31 Monthly Avg.: 0.08 0.20 0.10 Ex-Date Change in Unit Price 0.00 -0.10 /Unit -0.20 -0.30 -0.40 -0.50 4Q13 4Q13 4Q13 4Q12 1Q13 2Q13 3Q13 1/3 2/3 3/3…
Commitment to Upstream Fundamentals QR Energy has been built with the right assets Increasing Distributable Cash Flow Accretive Acquisitions Operational Control of Assets Significant Commodity Hedging Lower Maintenance…
Management & Board of Directors Leadership Name Years Experience Select Previous Experience Alan Smith Quantum Energy Partners; Chalker Energy Partners; Ocean Energy, Inc.; Ryder Chief Executive Officer, 28 Scott Company; Burlington…
QR Energy Relationships 154 Houston Employees Quantum Resources 349 Total Employees Management (QRM) Shared Services Agreement Public MLP Sponsor of MLP Quantum QR Energy, LP Resources Fund (QRE) (QRF) Successful IPO in…
Investor Relations Josh Wannarka (713) 452-2990 or irqracq.com
Loading...
