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Investor Presentation – Peyto Exploration & Development Corp

Peyto Exploration & Development Corp · Feb 1, 2011 · 50 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. Investor Presentation – Peyto Exploration & Development Corp – slide 1
    2011 2003 2010 1998 2003 TSX: PEY February 2011 132.8 million shares outstanding www.Peyto.com Monthly Dividend 0.06/share
  2. Investor Presentation – Peyto Exploration & Development Corp – slide 2
    The Peyto Strategy 12 Y Year T Track kRRecord d PEYTO Exploration & Development Corp. Prospect Generation Reserves Growth NAV Growth Profit Sharing (BCFe) (NPV5 Debt Adj/Unit) 1999 2000 2001 1999 2002 2000…
  3. Investor Presentation – Peyto Exploration & Development Corp – slide 3
    L Coompound Annuaal Total Return 0 10 20 30 40 50 60 70 80 Calfrac Well Servicees Largest Jan99 Osisko Mining Peyto Energy Trust First Quuantum Minerals Pacific Ruubiales Energy Jan00 Transglobe Ennergy Corp.…
  4. Investor Presentation – Peyto Exploration & Development Corp – slide 4
    We Invest In Ourselves 2010 Production P d ti growth th per Unit/Share U it/Sh PEYTO Exploration & Development Corp. 40 00 40.00 /d per million) m distribution) 300 Record Production/unit Aug/05 of 241 boe/d/mm…
  5. Investor Presentation – Peyto Exploration & Development Corp – slide 5
    Improved Capital Efficiency R Record dAAnnuall P Production d ti W Wedge d 60,000 2011 2010 17,300/boe/d 2009 17,300/boe/d , / / 2008 33,100/boe/d 2007 26,500/boe/d 2006 50,300/boe/d 2005 42,100/boe/d 2004…
  6. Investor Presentation – Peyto Exploration & Development Corp – slide 6
    Improving Margins Hi h Profit High P fit and dOOperating ti M Margins i PEYTO Exploration & Development Corp. 100% 90% 80% enue 70% Margin as % of Reve 69% Ave 60% Operating Margin 50% 40% 30% 37% Ave…
  7. Investor Presentation – Peyto Exploration & Development Corp – slide 7
    Why Own Peyto Today All the same reasons as before PEYTO Exploration & Development Corp. Predictable,, Repeatable p Results Low risk exploration and development Geographic focus, large inventory of opportunities Production 98%…
  8. Investor Presentation – Peyto Exploration & Development Corp – slide 8
    Predictable, Repeatable Results G hi ll F Geographically dC Focused Core A Areas PEYTO Exploration & Development Corp. 267,000 net acres R10 R8 R6 R4 R2W6 R27 R25 5 R23 operated R21 gas R19 plants R17 R15 R13W5 T64…
  9. Investor Presentation – Peyto Exploration & Development Corp – slide 9
    Predictable, Repeatable Results Ti ht Gas Tight G Resource R Pl Plays PEYTO Exploration & Development Corp. Sundance Area Reservoirs 10 12 9 2/16/2011
  10. Investor Presentation – Peyto Exploration & Development Corp – slide 10
    Predictable, Repeatable Results L Large H Hz MSF Inventory I t PEYTO Exploration & Development Corp. Horizontal Horizontal Locations 126 locations 19 locations 70 locations 72 locations 165 locations 6…
  11. Investor Presentation – Peyto Exploration & Development Corp – slide 11
    Predictable, Repeatable Results U i Unique L Land d St Strategy t PEYTO Exploration & Development Corp. 2009 Year End Undeveloped Reserves/Undeveloped Land Undeveloped Reserves/Undeveloped Land 1,000 1.8 900 1.6…
  12. Investor Presentation – Peyto Exploration & Development Corp – slide 12
    Predictable, Repeatable Results HZ wells ll on Production P d ti L Lastt 12 months th PEYTO Exploration & Development Corp. Alberta's Central Deep Basin Activity AF AFF A FAA AA A EE A EF E Horizontal gas wells last…
  13. Investor Presentation – Peyto Exploration & Development Corp – slide 13
    Why Own Peyto Today All the same reasons as before PEYTO Exploration & Development Corp. Predictable,, Repeatable p Results Low risk exploration and development Geographic focus, large inventory of opportunities Production 98%…
  14. Investor Presentation – Peyto Exploration & Development Corp – slide 14
    Low Cost Producer Low FD&A Costs, Costs High Recycle Ratio PEYTO Exploration & Development Corp. 8 7 6 5.02 5 5 /Mcfe 4 3 2 0 2.10 2 1 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 PDP…
  15. Investor Presentation – Peyto Exploration & Development Corp – slide 15
    Low Cost Producer I d t Leading Industry L di O Op C Costs t PEYTO Exploration & Development Corp. 18 PEYTO 16 Daylight Trilogy 14 Fairborne Operatinng Costs (/bboe) Advantage 12 12 P Perpetual t l 10 %/yr…
  16. Investor Presentation – Peyto Exploration & Development Corp – slide 16
    Low Cost Producer D Deep G Gas Drilling D illi R Royalty lt IIncentives ti PEYTO Exploration & Development Corp. 3,500-4,000 m MD Trigger depth for Natural Gas Deep Drilling Program 2,200 m TVD reduced from 2,500m TVD to…
  17. Investor Presentation – Peyto Exploration & Development Corp – slide 17
    Low Cost Producer P t Full-Cycle Peytos F ll C l G Gas S Supply l CCostt PEYTO Exploration & Development Corp. 10 10 hedged Realiized Price (//mcfe) cfe) 8 40% 8 as Price (/GJ J) s Price (/mc Average Profit 6 6…
  18. Investor Presentation – Peyto Exploration & Development Corp – slide 18
    Low Cost Producer Wh Profitable Whos P fit bl PEYTO Exploration & Development Corp. Peyto Ave Profit 2002-2009 = 2.92/mcfe Ultra Pet. Ave Profit 2002-2009 = 2.79/mcfe 10 10 10 10 Price (/mcfe) Price (/mcf) e (/mcfe) 8…
  19. Investor Presentation – Peyto Exploration & Development Corp – slide 19
    Low Cost Producer Th New The N M Margins i PEYTO Exploration & Development Corp. Total Peyto Revenue 84.8% Gas 15 2% Liquids 15.2% New Drilling Peyto 9mo 2010 Unhedged Cardium Hztl Wilrich/Notikewin Hztl 3.92/GJ (Ave AECO…
  20. Investor Presentation – Peyto Exploration & Development Corp – slide 20
    Why Own Peyto Today All the same reasons as before PEYTO Exploration & Development Corp. Predictable,, Repeatable p Results Low risk exploration and development Geographic focus, large inventory of opportunities Production 98%…
  21. Investor Presentation – Peyto Exploration & Development Corp – slide 21
    Greatest Total Return 2010 C Capital it l P Program PEYTO Exploration & Development Corp. 180 160 140 2010 Net Capex 201 Million 120 2010 Drills 100 (All in 261MM less 60MM in Op Income from 2010 wells) 80 60 45 net…
  22. Investor Presentation – Peyto Exploration & Development Corp – slide 22
    Greatest Total Return Hi hR High t Returns on C it l and Capital dE it Equity PEYTO Exploration & Development Corp. 60% 10 9 50% 8 7 40% 6 30% 5 4 20% 3 2 10% 1 0% 0 1999 2000 2001 2002 2003 2004 2005 2006…
  23. Investor Presentation – Peyto Exploration & Development Corp – slide 23
    Greatest Total Return Sh h ld Returns Shareholder R t = Growth G th + IIncome PEYTO Exploration & Development Corp. 50 40 are PV5 debt adjusted/sha 30 20 10 - 2000 2001 2002 2003 2004 2005 2006 2007 2008…
  24. Investor Presentation – Peyto Exploration & Development Corp – slide 24
    2011 Outlook More Of 2010 PEYTO Exploration & Development Corp. Capital Expenditures (300-325 million before DRC) Drill and Re-enter New Gas Locations ((90% Hz)) Expand Gas Gathering & Processing Capacity Expand Undeveloped…
  25. Investor Presentation – Peyto Exploration & Development Corp – slide 25
    2011 Outlook 2010 All O Over A Again i PEYTO Exploration & Development Corp. 60,000 2011F 17,300/boe/d 2010 17,300/boe/d 2009 17,300/boe/d 2008 33,100/boe/d boe/d) 2007 26,500/boe/d 2006 50,300/boe/d Annual…
  26. Investor Presentation – Peyto Exploration & Development Corp – slide 26
    Appendix PEYTO Exploration & Development Corp. Tight g Gas Resource Plays y Cardium Notikewin Wilrich Falher Quarterly Track Record Tax Pools Distribution History Payout Ratio Gas Marketing Hedging Strategy Reserves…
  27. Investor Presentation – Peyto Exploration & Development Corp – slide 27
    Tight Gas Resource Plays H i t l MSF P Horizontal j t Projects PEYTO Exploration & Development Corp. 27 2/16/2011
  28. Investor Presentation – Peyto Exploration & Development Corp – slide 28
    Cardium Resource Play H i Horizontal t l MSF P Project j t PEYTO Exploration & Development Corp. C di Cardium Gas G Fairway F i Sundance Cardium 4,000 sq miles up to 65 TCF Gas in Place1 2-3 TCF developed to date E…
  29. Investor Presentation – Peyto Exploration & Development Corp – slide 29
    Cardium Resource Play C di Cardium T Type L Log and dRReserves PEYTO Exploration & Development Corp. Volumetric Reserves AREA(Ha)= 256 (1 section) 23m Gross thickness H(m)= 15 15m Net Pay (using POROSITY(%)= 9 6% porosity…
  30. Investor Presentation – Peyto Exploration & Development Corp – slide 30
    Cardium Resource Play Horizontal MSF Project PEYTO Exploration & Development Corp. R11 R9 R7 R5 R3 R1W6 R26 R24 R22 R20 R18 R16 T66 GF F CFFACF FF FAG F AAF CACF AF AF F F F FCAG G A F AF CF FCACF FEF FC GCFF G ACCF CF AG F FG L…
  31. Investor Presentation – Peyto Exploration & Development Corp – slide 31
    Cardium Resource Play E Economic i CComparison i Vertical V ti l vs. H Horizontal i t l PEYTO Exploration & Development Corp. 7,000 Ave Cardium Vertical last 5 yrs (00/132005522W5/0) Well 1 Well 2 Well 3 W ll 4 Well 4…
  32. Investor Presentation – Peyto Exploration & Development Corp – slide 32
    Cardium Resource Play P Payout t Analysis A l i PEYTO Exploration & Development Corp. 4.0 3.5 Ave Cardium Hz Cost 5.7 million (D&C, E&T, Seismic, Land & Facilities) 3.0 Well 1 Well 2 All in Costs (000s) Well 3 Well 4…
  33. Investor Presentation – Peyto Exploration & Development Corp – slide 33
    Cardium Resource Play C Conservative ti H Horizontal i t lRReserve A Assignment i t PEYTO Exploration & Development Corp. P+P 200m Ave Drainage Area: PDP 90 ac (340m perimeter) Ave 80 T P+P 100 ac (360m perimeter) sand…
  34. Investor Presentation – Peyto Exploration & Development Corp – slide 34
    Notikewin Resource Play H i Horizontal t l MSF P Project j t PEYTO Exploration & Development Corp. A N Peyto Not. vt A N Peyto P t Crdm Peyto Not. hhz N t hz Peyto Notikewin Mineral Rights 34 2/16/2011
  35. Investor Presentation – Peyto Exploration & Development Corp – slide 35
    Notikewin Resource Play T Type L 1 Log 1-20-54-22W5 20 54 22W5 PEYTO Exploration & Development Corp. 28m Gross Pay 19m Net Pay Volumetric Reserves AREA(Ha)= 256 (1 section) H(m)= 19 POROSITY(%)= 8 SW(%)= 35 TEMP.(Deg.C)=…
  36. Investor Presentation – Peyto Exploration & Development Corp – slide 36
    Notikewin Resource Play E Economic i CComparison i Vertical V ti l vs. H Horizontal i t l PEYTO Exploration & Development Corp. Average Vertical Notikewin 00/080305621W5/0 Well 2 10,000 Well 1 Hi h Hz High H W ll 4 Well…
  37. Investor Presentation – Peyto Exploration & Development Corp – slide 37
    Notikewin Resource Play P Payout t Analysis A l i PEYTO Exploration & Development Corp. 4.5 Ave Notikewin Cost 5.2 million (D&C,E&T,Seismic, Land & Facilities) 4.0 Well 1 All in Costs (000s) Well 2 Drill 2,900 3.5 Well 3…
  38. Investor Presentation – Peyto Exploration & Development Corp – slide 38
    Wilrich Resource Play H i Horizontal t l MSF P Project j t PEYTO Exploration & Development Corp. Nosehill Project Area A N Peyto Wil. vt A N Peyto P t Crdm Peyto Wil. hhz Wil hz P t Wilrich Peyto Wil i h…
  39. Investor Presentation – Peyto Exploration & Development Corp – slide 39
    Wilrich Resource Play T Type L 7 Log 7-5-56-20W5 5 56 20W5 PEYTO Exploration & Development Corp. 23m Gross Pay 16m Net Pay Volumetric Reserves AREA(Ha)= 256 (1 section) JET H(m)= H(m) 16 2825 FRAC (-1578.4) POROSITY(%)=…
  40. Investor Presentation – Peyto Exploration & Development Corp – slide 40
    Wilrich Resource Play E Economic i CComparison i Vertical V ti l vs. H Horizontal i t l PEYTO Exploration & Development Corp. Average Wilrich Vertical 00/022605520W5/0 Well 1 9,000 Well 2 Well 3 Well 4 Well 5 8,000 Well…
  41. Investor Presentation – Peyto Exploration & Development Corp – slide 41
    Wilrich Resource Play P Payout t Analysis A l i PEYTO Exploration & Development Corp. 4.5 Ave Wilrich Hs Cost 5.2 million (D&C,E&T,Seismic, Land & Facilities) 4.0 Well 1 Well 2 All in Costs (000s) Well 3 Well 4 Drill 2,800…
  42. Investor Presentation – Peyto Exploration & Development Corp – slide 42
    Falher Resource Play T Type L 2 Log 2-8-55-21W5 8 55 21W5 PEYTO Exploration & Development Corp. Example Volumetric Reserves Notikewin AREA(Ha)= 256 (1 section) H(m)= H(m) 10 POROSITY(%)= 8 SW(%)= 35 TEMP.(Deg.C)= 98…
  43. Investor Presentation – Peyto Exploration & Development Corp – slide 43
    Falher Resource Play P Payout t Analysis A l i PEYTO Exploration & Development Corp. 4.5 Ave Falher Cost 5.2 million (D&C,E&T,Seismic, Land & Facilities) 4.0 Well 1 All in Costs (000s) Well 2 Drill 2,800 3.5 Complete 1,600…
  44. Investor Presentation – Peyto Exploration & Development Corp – slide 44
    Quarterly Track Record PEYTO Exploration & Development Corp. 2010 2009 Q3 Q2 Q1 Total Q4 Q3 Q2 Q1 Total Q4 Operations Production Oil & NGLs (bbl/d) 3,322 3,465 3,330 3,028 3,222 2,916 2,950 3,022 3,265 3,207 Natural gas (mcf/d)…
  45. Investor Presentation – Peyto Exploration & Development Corp – slide 45
    Organic Business Model P t T Peytos Tax Pools P l PEYTO Exploration & Development Corp. 900 800 700 600 ons 500 Millio 400 300 200 100 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010F UCC…
  46. Investor Presentation – Peyto Exploration & Development Corp – slide 46
    Payout Ratio History PEYTO Exploration & Development Corp. Maximum 91% Historical Payout Ratio 100% Minimum Converted 42% % to a Trust 80% at 57% 60% 40% 20% 0% Quarter Cash Payout Ratio Total Payout Ratio…
  47. Investor Presentation – Peyto Exploration & Development Corp – slide 47
    Gas Marketing F t Future Sales S l Financial Hedges - Gas Pricing 2009 2010 2011 2012 0-Jan-00 GJ/d (/GJ) A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O From To 1-Apr-09 31-Oct-09 5000…
  48. Investor Presentation – Peyto Exploration & Development Corp – slide 48
    Successful Hedging Strategy Peyto Realized Price History PEYTO Exploration & Development Corp. 2003 2004 2005 2006 2007 2008 2009 2010 16.00 Peyto 7.51/mcf Peyto 7.38/mcf Peyto 8.78/mcf Peyto 8.46/mcf Peyto 8.42/mcf…
  49. Investor Presentation – Peyto Exploration & Development Corp – slide 49
    Peytos Reserves V l Volumes PEYTO Exploration & Development Corp. Natural Gas Sales Gas Liquids & Oil Category (BCF) (Mstb) BOE's(Mstb) Proven Producing 568 15,959 110,620 Proven Non-Producing 12 305 2,236 Proven…
  50. Investor Presentation – Peyto Exploration & Development Corp – slide 50
    Peytos Reserves B f Before Tax T Net N t Present P t Value V l PEYTO Exploration & Development Corp. Variable Price Economics NPV (millions of CDN dollars) Category 0% 5% 8% 10% Proven Producing 4,503 4 503 2,363 2 363…

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