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March Investor Presentation – Stone Energy Corp.

Stone Energy Corp. · Mar 10, 2015 · 25 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. March Investor Presentation – Stone Energy Corp. – slide 1
    SGY:NYSE March Investor Presentation March 2015
  2. March Investor Presentation – Stone Energy Corp. – slide 2
    Good Liquidity, Reserves and Proforma Production Growth Achieving Milestones As February 24, 2015 Reserves 152 mmboe Cash 216 million Undrawn Revolver 500 million 58% 42% 2015 Oil & Gas Hedge Percentage 53% Market…
  3. March Investor Presentation – Stone Energy Corp. – slide 3
    Price Uncertainty Requires Immediate and Aggressive Action Achieving Milestones Down Cycles Vary From Months to Years Current Price Drop One of the Steepest Rig Count Dropping At Rapid Rate Analysts Predict Faster Rebound Than…
  4. March Investor Presentation – Stone Energy Corp. – slide 4
    Dramatic Response to Low Commodity Prices Projected For 2015 Achieving Milestones MM Capital MM LOE 1,000 250 Base LOE 900 800 895 200 201 700 695 182 600 150 500 400 450 100 120 300 200 50 100 0 0 2013 2014…
  5. March Investor Presentation – Stone Energy Corp. – slide 5
    Low Cost Strategy Is Robust Through The Price Cycle Achieving Milestones MMBD Global Crude Oil Supply and Demand Future Oil Supply Sources 100 Demand 100 International Tight Oil Sands 80 80 200 Billion Barrels 7 Trillion U.S.…
  6. March Investor Presentation – Stone Energy Corp. – slide 6
    A&D Has Positioned SGY in Lowest Non-Opec Cost of Supply Basins Achieving Milestones 6.00 Stone divestitures NYMEX Breakdown for 15% ATAX IRR Stone focus areas Gas Supply Cost 5.00 H 4.00 a y Bakken Stone n F 3.00 N a…
  7. March Investor Presentation – Stone Energy Corp. – slide 7
    Highly Selective Capital Program Aimed At Lowest Cost Basins Achieving Milestones CapEx 450 mm Disciplined Capital Program 8% 88% Gulf of Mexico 4% Drill Cardona No 6, Online 4Q15 Complete Amethyst, Online 1Q16 GOM…
  8. March Investor Presentation – Stone Energy Corp. – slide 8
    2015 Capital Levers Enable Adjustment to Market Conditions Achieving Milestones Capital Levers Impact Service & Materials Cost Reductions Capital Reduction, Cash and Ebitda Increase Marcellus Drilling & Completion Timeout…
  9. March Investor Presentation – Stone Energy Corp. – slide 9
    Decades of Investment Opportunity In Low Supply Cost Deep Water Gulf Achieving Milestones Legend 2015-17 Lafayette Prospect Pumpkin LaMontana 107 Deep Water leases Ridge Cayenne New Orleans Houston MP288 20 High potential…
  10. March Investor Presentation – Stone Energy Corp. – slide 10
    Mississippi Canyon Among Lowest Cost of Supply in Non-Opec World Achieving Milestones Stone Critical Mass 2 Hubs 50 Leases 20 Prospects Low Cost Tie-Backs Advantaged Infrastructure Pompano Production 25 MP288 20 Horned…
  11. March Investor Presentation – Stone Energy Corp. – slide 11
    Cardona Yields Two Additional Low Risk Development Wells Achieving Milestones Shale Out Cardona Project Cardona Salt Cardona No. 6 Cardona No. 5 offset SGY 65% W.I. Cardona 4 Develop shallow P8 and M83A 4 Well Tie Back Loop…
  12. March Investor Presentation – Stone Energy Corp. – slide 12
    Achieving Milestones Amethyst Development Is On Track For Early 2016 Start Up Amethyst SGY 100% W.I. Discovery 2014 Gas and condensate Net EUR: 50-197 Bcfe (Pmean 118) 24-86 mmcfed initial potential Tie-back to Pompano…
  13. March Investor Presentation – Stone Energy Corp. – slide 13
    Pompano Platform Program Comprises Low Risk Development Wells Achieving Milestones Pompano Platform Pompano Platform Rig A-25 ST SGY 100% Operator SGY SGY 100% W. I. PUD Pliocene A-15 ST2 4 Well Program SGY 100% GY Operator…
  14. March Investor Presentation – Stone Energy Corp. – slide 14
    Highly Selective and Leveraged 2015 Exploration Program Achieving Milestones Harrier Pompano SGY 37% W.I. Vernaccia Salt Conoco operated Harrier Pompano tieback potential Offsets 53 mm CVX block 9 - 151 mmboe gross DHC 29…
  15. March Investor Presentation – Stone Energy Corp. – slide 15
    Decades of Investment Opportunity In Low Supply Cost Appalachia Achieving Milestones Christine Area 31,000 acres Marcellus s Proved Reserves: 515 bcfe Probable & Possible: 550 bcfe Mary Heather Field Drilling & Completion…
  16. March Investor Presentation – Stone Energy Corp. – slide 16
    Current Appalachia Market Conditions Do Not Attract SGY Capital Achieving Milestones MOUNDSVILLE OAK GROVE FT. BEELER TEXAS Eastern Pipeline M2 Sales Point Firm Transportation on Williams and Eureka Must transport all gas…
  17. March Investor Presentation – Stone Energy Corp. – slide 17
    Additional Infrastructure Expected To Reduce Future Differentials Achieving Milestones Midwest & Canada North & Northeast mmcfd mmcfd Transco 525 Rockies Express 1,200 2015 Columbia Gas 310 2015 ANR (SEML) 750 Tennessee Gas…
  18. March Investor Presentation – Stone Energy Corp. – slide 18
    Utica Discovery In Mary Field Adds High Potential Resource Base Achieving Milestones Range Claysville SC IP: 59 mmcfed Utica Dry Gas Rate per 1,000 35,000 Net Acres Mary Discovery 2014 Rice Bigfoot IP: 42 mmcfed Pribble 6H: 30…
  19. March Investor Presentation – Stone Energy Corp. – slide 19
    Progressing Optimal Utica Development Plan During Drilling Time Out Achieving Milestones Marcellus Pad Expansion Initial Utica Exploration Sites Existing Roads and Infrastructure Valid Existing Title Opinions Produce While…
  20. March Investor Presentation – Stone Energy Corp. – slide 20
    Mary Field Designed For Long Term Success In Marcellus and Utica Achieving Milestones Stacked Pay Access Roads Gas Pipelines Built Condensate Pipelines Ohio River Water Access Water Distribution System Strategic Pad Locations…
  21. March Investor Presentation – Stone Energy Corp. – slide 21
    SGY Summary: Good Liquidity, Decades of Opportunity in Low Cost Basins Achieving Milestones mmboe Production 2 20 Annual Growth 15 8% 10% 10 Liquidity 5 216 mm Cash 0 500 mm Undrawn Revolver 1 2013 2014 2015 456 mm Hedged…
  22. March Investor Presentation – Stone Energy Corp. – slide 22
    Achieving Milestones Appendix 23
  23. March Investor Presentation – Stone Energy Corp. – slide 23
    Achieving Milestones Hedging Transactions Oil Natural Gas Volume Volume (Bbls/d) Price (Mmbtu/d) Price 2015 1,000 89.00 2015 10,000 4.01 2015 1,000 90.00 2015 10,000 4.12 2015 1,000 90.25 2015 10,000 4.15 2015 1,000 90.40 2015…
  24. March Investor Presentation – Stone Energy Corp. – slide 24
    Key Statistics Achieving Milestones 12 Months Ending 12/31/14 2 Net Income (190) Market Capitalization 960 Million Enterprise Value 2 1.8 Billion Interest expense 39 Trailing 12 Month EBITDA 1 449 Million Income taxes (102)…
  25. March Investor Presentation – Stone Energy Corp. – slide 25
    Achieving Milestones Company Contacts Kenneth H. Beer Chief Financial Officer Phone: (337) 521-2210 Fax: (337) 521-2072 CFOStoneEnergy.com Tom Messonnier Director of Strategic Planning Phone: (337) 521-2161 Michael…

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