Skip to main content Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. | Shale Experts
Loading...
Pm

Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc.

Saratoga Resources Inc. · Aug 19, 2014 · 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. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 1
    Presentation to EnerCom Oil & Services Conference Denver, August 19th, 2014 www.saratogaresources.com
  2. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 2
    Company Overview Saratoga Resources, Inc. is an independent E&P company engaged in the production, development, acquisition and exploitation of crude oil and natural gas properties with assets on state/parish leases in the shallow…
  3. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 3
    New SARA Website www.saratogaresources.com 3
  4. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 4
    Reserves Profile 53.6% Oil Not including 8 TCF plus 600 MMBO deep oil/gas or 50 BCF shallow gas potential (1) Collarini and DeGolyer & McNaughton 1/1/14 reserve reports using SEC pricing, adjusted for quality and location, or…
  5. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 5
    2014 Activities Increase Run-Time and Operating Efficiencies Reservoir Simulation Underway for 5800 Sand in BS- 32 Field and Planned for Selective Sands at Grand Bay Field Drill More Horizontal Wells: Plan additional Horizontal…
  6. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 6
    Grand Bay Field Shutdown Field shutdown for routine maintenance in early August 60-70 workers, flotilla of boats Crew changed out 20 valves Installed new booster compressor Fixed 3 gas lift line leaks all in 6-7 hours 6
  7. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 7
    Grand Bay Field 70 Years On & Still Going Strong Here are just a few examples showing long life production from individual sands in active wells QQ174 WELL (1972) QQ161 WELL (1968) A29 WELL (1947) CUM. 2.2 MMBOE CUM. 1.8 MMBOE CUM. 1.4…
  8. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 8
    Development Well EURs EURs = 200-580 MBOE Avg EUR = 296 MBOE F&D Cost = 11-30/BOE Avg F&D Cost = 20.50/BOE (1) EURs are net to SARAs WI%; capital expenditures includes total sunk costs plus future capex, including recompletions…
  9. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 9
    Saratogas Coning Model 9
  10. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 10
    Saratogas Coning Model V-Well H-Well 10
  11. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 11
    Rocky 1 SL 1227 25 Well, BS-32 SL 1227 25 ST01 Post Well Lateral Measured Depth Log TVD Log The Rocky well targeted the elongated ridge, offsetting the 21 & 22 wells in the 5800 sand. A 70o directional pilot hole was drilled…
  12. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 12
    Rocky 3 SL 1227 29 Well, BS-32 SL 1227 29 Post Well Lateral Rocky 3 was completed with a 750 lateral and tested at a rate of gross 1,531 BOPD, 240 MCFPD on 18/64 choke, 780 FTP, net 1,288 BOEPD. Oil gravity is 39.8o API.…
  13. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 13
    Rocky 3 SL 1227 29 Well, BS-32 Rocky 3 BS-32 Platform Well mile from well New Oil Sales Line Connection on BS-32 Platform 13
  14. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 14
    Goldeneye Prospect Multi-Well Low Risk Exploitation Project with Stacked Objectives 14
  15. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 15
    Goldeneye Prospect Cib Carst 43 Sand A60 Well Tested 300 BOPD + 700 MCFD Proposed Goldeneye Well 1,255 Acres AVO Sweetness Z-Score Display by CrossQI Proposed Goldeneye Well 472 High to A60 Well PSTM Amps with…
  16. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 16
    Gulf Of Mexico Leases 100% WI / 77% NRI with 19,814 gross/net acres. SARA Lease Other Lease Open Block Louisiana Water depths of 13-77 feet. All prospects defined by high-quality 3D surveys, either updip from log pay,…
  17. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 17
    GOM, Vermilion 152 / 153 Goldeneye resource potential (2) 5,363 MBOE SARATOGA SARATOGA Thunderball PUD reserves (1) 1,669 MBOE VR-170 1 Analog: 176 perf. interval SWIMMY Cum. thru 5/14 = 13 BCF + 324 MBO + 20 MBW…
  18. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 18
    Commodity Mix Production By Commodity (BOEPD) 3,500 3,058 3,000 2,636 2,591 2,500 2,369 39.4% 2,201 Net Production, MBoe 35.5% 35.9% 1,944 2,000 36.3% 24.9% 23.8% 1,500 1,330 21.3% 1,000 60.6% 64.5% 64.1% 75.1%…
  19. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 19
    Cash Cost Per BOE All-in Cash Cost Per Boe 138.06 140.00 4.18 Lease Operating Expense Interest Expense (3%) 19.60 G&A Production & Sev. Taxes (14%) 120.00 100.00 91.60 50.09 7.40 Cash Cost Per Boe (36%) (8%) 80.00…
  20. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 20
    Cash Cost Distribution All-in Cash Cost Distribution 100% 3% 10% 11% 8% 12% 14% 12% 90% 14% 9% 15% 12% 13% 80% 16% 13% 70% 36% 60% 47% 31% 35% 37% 45% 34% Cash Cost 50% % 40% 30% 46% 20% 42% 40% 40%…
  21. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 21
    Why Invest in SARA 50,000 Net Acres Held to All Depths, 60% HBP. 100% WI in Substantially All Wells. Multiple Recompletion/Workover Opportunities. Large Inventory of PUD Wells with Multiple Objectives. EURs = 200-600 MBOE per Well.…
  22. Presentation to EnerCom Oil & Services Conference – Saratoga Resources Inc. – slide 22
    Thank You for your Attention 22 Website: www.saratogaresources.com

From the store

Browse maps, data & reports in the Shale Experts store