Management Representatives Joseph A. Mills Chairman & Chief Executive Officer Jeffrey P. Wood Senior Vice President & Chief Financial Officer Adam K. Altsuler Director, Corporate Finance & Investor Relations 3
Eagle Rock Energy Partners, L.P. Snapshot Eagle Rock (NASDAQ: EROC) is a growth-oriented MLP engaged in the midstream and upstream businesses and is well-positioned to benefit from some of the most prolific producing basins in the…
Strategically Located, Diversified Asset Base Midstream Business (1) Upstream Business (2) 5,583 miles of pipeline 591 operated producing wells 17 processing plants 371 Bcfe proved reserves 445 MMcf/d gathering volumes 87.7…
Delivering on Our Strategic Objectives Objective Status Create Platform to Grow Recently announced Midstream projects Organically capitalize on existing infrastructure Upstream properties contain approximately 600 gross identified…
Positioning for Further Growth Eagle Rock Has Substantially Improved Its Liquidity and Balance Sheet Stability (1) December 31, 2009 December 31, 2010 December 31, 2011 E t Enterprise i Value: V l 1 2 billion 1.2 billi E t…
Capital Markets Robust Markets Support Eagle Rocks Growth Plans Inaugural senior notes issuance in May 2011 priced at Bond Trading History 8.5% yield and has traded well in the aftermarket Current Current 1 Week Ago 1 Month Ago…
Delivering Value to Our Unitholders Improved Growth Profile and Capitalization Lead to Greater Unitholder Value Current Annualized Distribution Guidance ** 1.00 1.00 19% 0.80 0.84 on per Unit 0.75 0.75 0.60 0.60 nualized…
Eagle Rock Energy Partners, L.P. Midstream Business Overview RBC Capital Markets MLP Investor Day March 2012
Geographically Diverse Midstream Business Granite Wash Panhandle 3,963 miles of pipeline 7 processing plants 141,000 compression HP 158 MMcf/d gathering volume 5,537 Bbls/d NGL/condensate Haynesville Shale Deep Bossier /…
Panhandle System Planned installation of 60 MMcf/d cryogenic processing facility (the Woodall Plant) operational by Q2 2012 Planned installation of 60 MMcf/d cryogenic processing facility (the Wheeler Plant) operational in…
Building on Our Core; Delivering for Our Customers Hemphill County Recent Activity 1 1 Oct. 10 Acquired Gathering Systems from CEFS Canadian 2 Dec. 10 10 Installed Phoenix-Arrington Phoenix Arrington Red Ranch Plant (50 MMcf/d)…
Woodall Progress Johnson Compression Station Woodall Plant 15
Leading Midstream Company in the Granite Wash Superior Economics Driving Production Growth Stacked Pay Zones Improve Economics Granite Wash Daily Production (1) 3.5 3 Other(s) 2.5 Unit Corporation Penn Virginia 2 Cimarex…
The Granite Wash Fairway Eagle Rock is Well-Positioned to Serve Growing Production Volumes Tight sands formation with up to 3,000 feet of pay through multiple zones 55 directional / horizontal rigs running in Roberts, Hemphill and…
Strategic Footprint in East Texas System Activity Austin Chalk: Large independents staking g 14 p potential dedicated sites Drilling moving east into Louisiana with Austin Chalk and Indigo Minerals Bentley prospective Lumber…
Eagle Rock Energy Partners, L.P. Upstream Business Overview RBC Capital Markets MLP Investor Day March 2012
Geographically Diverse Upstream Assets Mid-Continent Assets (1) Proved Reserves: 257 Bcfe Q4 2011 Prod. Rate: 53.2 MMcfe/d % Gas (2): 69% Operated Wells: 316 Average Operated WI: 83% Permian Area Alabama/Miss. Area Proved…
Diversified Reserve Base Across High Quality Basins Reserves by Commodity Reserves by Category PUD NGLs 24% 18% PDNP Gas 6% 63% Oil 19% PDP 70% Total proved reserves as of December 31, 2011 of 371 Bcfe 12.0 year…
Margins Driven by Liquid-Rich Assets 63% of Asset Production Generates a Net Margin of 6.00/Mcfe or Greater Net Margin by Field Area (/Mcfe) (1) Production (2) Cana 10.00 9% Alabama Barnett 8.00 21% 8% 6.00 4.00 South Texas…
Upstream Growth Production Growth Driven Organically by Lower-Risk Drilling Inventory Eagle Rock Identified Locations (1) Cana Shale 409 Golden Trend Golden Trend 30 Anadarko 42 Arkoma 39 Barnett Shale 13 Verden 45 Other 26…
Focus on Low Cost Operations Upstream Historical and Projected Operating Costs (1) Unit OPEX ( OPEX (MM) Total O /Mcfe) (2) From 2011 forward, unit operating expense benefits from the addition of Mid-Continent assets…
Golden Trend Field Liquids-rich field producing from multiple pay formations from 8,000 Hart Sandstone to 14,000 including Bromide, Big 4, Springer, Morrow, Hart, Deese Scott 1-17 Springer Sandstone IP 1 1,100 100 Mcfd, M fd 300…
Expansion of the Cana Woodford Trend Broad Development and Expansion Continues Across Eagle Rocks Acreage Position 59 rigs currently drilling horizontal wells in the western Oklahoma Cana Woodford shale trend Majority of drilling…
Horizontal Cana Woodford Development Area Core Development Continues Across Eagle Rocks Acreage Position 45 rigs drilling development and EROC 25% WI step-out wells across Canadian, EROC Stidham 1-9H WOC CLR Nash1-5H Blaine and…
Eagle Rock is Well-Positioned for Continued Growth Strong credit profile and capital availability Absence of incentive distribution rights enhances long long-term term accretion potential Core midstream operations in…
Eagle Rock Energy Partners, L.P. Appendix RBC Capital Markets MLP Investor Day March 2012
Use of Non-GAAP Financial Measures (Continued) Eagle Rocks Adjusted EBITDA definition may not be comparable to Adjusted EBITDA or similarly titled measures of other entities, as other entities may not calculate Adjusted EBITDA in the same…
Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation Three Months Ended Tw elve Months Ended Decem ber 31, Decem ber 31, 2011 2010 2011 2010 ( in thousands) ( in thousands) Net cash flows provided by operating activities…
Loading...
