Q2 2014 Conference Call – Samson Resources Company

Samson Resources Company · Aug 19, 2014 · 7 slides

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Q2 2014 Conference Call August 19, 2014
Production by Business Unit (MMcfe/d) Q2'14 Q1'14 Q2'13 West Division Williston 24 23 27 Powder River 29 22 24 Green River 64 56 89 San Juan 80 84 94 East Division Mid-con West 84 84 94 Mid-con East 103 110 90 East Texas 157…
Q2 Operational Highlights Average Rig Count Rig count lower through Q2; Ft. Union 10.5 10.5 program underway with two additional 10.0 9.5 9.3 rigs in August 7.4 5.5 6.0 6.0 5.3 6.0 Second quarter first sales activity up 5.0…
Q2 Financial Update Q2'14 Q1'14 Q2'13 Realized Price (/Mcfe) Excluding Derivatives 6.05 6.46 5.62 Including Realized Derivatives 5.34 5.67 5.42 Operating Expenses (/Mcfe) LOE 1.14 0.95 0.90 Production Tax 0.44 0.43 0.39 Cash…
Q2 Financial Update (MM) Q1'14 Q2'14 1H'14 Cash Flow From Operations 103 157 260 Divestiture Proceeds 6 48 54 Total 109 205 314 Capital Expenditures: Drilling and Completion(1) 131 199 330 (2) Other 7 6 13 Capitalized Cash…
Current Hedge Position As of August 1, 2014 Natural Gas Swaps & Collars Oil Swaps NGL Swaps Wtd Avg Year Bbls/d(1) Swap Price Year Bbls/d(1) Swap Price Year MMBtu/d(1) Floor 2014 306,500 4.15 2014 16,500 90.63 2014 7,500…
Q2 2014 Adjusted EBITDA Reconciliation Three Months Twelve Months Ended Ended June 30, 2014 June 30, 2014 (dollars in thousands) Net income (loss) (207,822) (1,339,033) Interest expense, net 21,443 41,919 Provision (benefit) for…