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Enercom The Oil And Gas Conference – Sanchez Energy Corp

Sanchez Energy Corp · Aug 18, 2014 · 24 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. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 1
    Results Driven. Manufacturing Focused. Corporate Presentation August 2014 The Oil & Gas Conference Denver 2014 www.sanchezenergycorp.com
  2. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 2
    Sanchez Energy Overview Market Cap (1) 2,210 MM Enterprise Value (1) 3,275 MM Eagle Ford Shale Net Acreage: 224,000 acres 1P Reserves: 117 MMBoe Production: 37,000 Boe/d Executing Strong Growth 2Q14 production grew 164% YoY Liquids…
  3. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 3
    Eagle Ford Shale Position SN Eagle Ford Position Summary Net Acres 224,000 Current Production (Boe/d) 37,000 Operated Rigs Non-Operated Rigs Gross Producing Wells 422 Hausser Wycross Talbutt Trust Alexander Ranch Briggs Ranch 4 2014…
  4. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 4
    Reserves and Production Overview Reserves by Product Mix (6/30/14) Proved Reserve Growth (MMBoe) 125 117 PD PUD 100 75 56% NGL 24% 59 MMBoe 50 43 Oil 49% 58% 44% 25 21 70% 15 Gas 27% 7 82% 42% 86% 91% 30% 0 18…
  5. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 5
    Capital Expenditures Focused On Eagle Ford (1) 2014 Capital Plan (MM) Gross % of % of Full Year Net Wells Net Wells Operating D&C Project Area Rig Count Spud Completed Capex Capital Plan Capital Plan Catarina 1.0 25 37 205 - 215 24%…
  6. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 6
    Asset Development & Optimization 7 2014 Sanchez Energy Corporation
  7. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 7
    Tailored Programs Enhancing Returns Buda open hole lateral development Longer laterals, higher proppant Down spacing UEF standalone, load trials pilots, UEF/LEF UEF/Buda tests stacking overlap Longer laterals, down…
  8. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 8
    Stacked Lateral Potential Palmetto Catarina Wycross Marquis La Salle Cotulla Cotulla Upper Eagle Ford Lower Eagle Ford Target 1 Lower Eagle Ford Target 2 Buda 9 Development Appraisal 2014 Sanchez…
  9. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 9
    Driving Capital Efficiency Manufacturing Transformation Cash Operating Cost / Boe Process changes implemented in 2013 Pad drilling resulting in facility and location costs spread 45.06 over multiple wells. 4.78 36.74 Walking and…
  10. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 10
    Marquis Prost Project Cycle Example SN successfully grew Marquis from unproven to 9,000+ Boe/d in 2 years 1Q12 1Q13 10 miles 1 pilot + development well (LEF) 3D seismic; 2 pilots; 6 LEF appraisal wells 1Q14 YE 14 11 6…
  11. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 11
    Alexander Ranch Optimization SN has achieved substantially lower than expected well costs in the Cotulla area The previous operator was drilling wells at an average cost of 8.8 million At the time of the acquisition, SN expected to be…
  12. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 12
    Asset Overview 13 2014 Sanchez Energy Corporation
  13. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 13
    Catarina Overview 106,000 net acres with one primary surface and mineral UEF PUD Locations only in Western Catarina owner in Dimmit, La Salle, and Webb counties Eastern 29,000 net acres HBP Catarina Significant midstream and water…
  14. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 14
    Cotulla Overview Hausser Wycross Talbutt Trust Wright Ranch Alexander Ranch Cotulla Acreage & Inventory Wycross 2014 Capital Plan Other Cotulla 2014 Capital Plan Total Net Acres 37,000 2014 Capital Plan (MM) 140 - 150 2014…
  15. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 15
    Marquis & Palmetto Overview Marquis Palmetto Marquis Acreage & Inventory Marquis 2014 Capital Plan Palmetto 2014 Capital Plan Total Net Acres 71,000 2014 Capital Plan (MM) 270 - 285 2014 Capital Plan (MM) 45 - 55 Average…
  16. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 16
    TMS Acreage Position and Activity 58,000 net acre position in the core of the TMS Contiguous blocky acreage with 3+ years of average remaining lease term SN anticipates spudding up to 4 gross (2 net) operated wells including…
  17. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 17
    Financial Highlights 18 2014 Sanchez Energy Corporation
  18. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 18
    Capitalization Current liquidity of 811 million 2Q14 Capitalization Table & Liquidity (MM) As of 386 million in cash 6/30/14 437.5 million borrowing base with an Cash and Equivalents 386 elected commitment of 425 million and…
  19. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 19
    Guidance Guidance Metrics 3Q14 4Q14 2015 Production Guidance (BOE/D) Period Average 36,000 - 40,000 48,000 - 50,000 53,000 - 58,000 Year-End Exit Rate 48,000 - 50,000 55,000 - 60,000 Production Mix % Oil / NGLs / Gas 49% / 24% /…
  20. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 20
    Summary Investment Considerations Highly accretive Catarina acquisition doubles production and reserves with attractive purchase price metrics Continued focus on manufacturing efficiency and driving down costs 224,000 net acres in…
  21. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 21
    Appendix 22 2014 Sanchez Energy Corporation
  22. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 22
    Capitalization Summary Revolving credit facility (due 2018) 437.5 MM borrowing base with an elected commitment of 425 million and an interest rate of LIBOR + 1.50% - 2.50% Restrictive covenant: Net Debt < 4.0x TTM EBITDA 600 MM of…
  23. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 23
    Hedge Summary & Philosophy We maintain an active hedging program to help support capital spending, protect cash flow, and ensure strong financial coverage metrics Currently have 4.3 MMBoe hedged for 2014 (3.5 million barrels of oil and…
  24. Enercom The Oil And Gas Conference – Sanchez Energy Corp – slide 24
    NonGAAP Reconciliation and Measures Reconciliation of Net Income (Loss) To Reconciliation of PV-10 To Adjusted EBITDA (M) Standardized Measure (MM) Pro Forma As of LTM Ended 6/30/14 6/30/14 PV-10 1,977 Present Value of Future…

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