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ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp.

Magnum Hunter Resources Corp. · May 24, 2013 · 30 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. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 1
    MAGNUM HUNTER RESOURCES CORPORATION Energy Prospectus Group May 2013
  2. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 2
    Who We Are Magnum Hunter Resources is an exploration and production company focused in three of the most prolific unconventional shale resource plays in North America, namely the Marcellus, Utica and Williston/Bakken Shale Current…
  3. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 3
    Where We Operate A well-balanced and concentrated asset base in large shale plays Secure footholds in West Virginia, Ohio, Kentucky, Texas and North Dakota, and Saskatchewan, Canada 180,000 Net Acres 85,500 Net Marcellus Acres…
  4. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 4
    Proved Reserve Growth Consistency Robust track record of proved reserve growth since inception Approximately 73.1 MMBoe at December 31, 2012 (63% oil/liquids)(1) Anticipate continuing to consistently add proven reserves with an equal…
  5. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 5
    Operational Efficiency Improvements (/Boe) 61.18 4.85 34.43 30.54 3.72 20.52 13.36 3.37 6.83 21.90 13.46 10.32 2010 2011 Nine Months 2012 LOE Recurring Cash G&A Production Taxes 5
  6. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 6
    Growth Plan Continues EBITDAX Revenue 300 274.0 250 200 160.0 (MM) 150 129.2 100 50.4 50 32.7 4.2 0 2010 2011 2012 (1) Year Note: New management team took over in May 2009 (1) The 2012 financial…
  7. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 7
    Future Growth and Profitability Drivers To achieve consistent growth, we are committed to the following: Focus on developing and growing core assets in areas with the highest rate of return using our proven development expertise…
  8. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 8
    2013 Accomplishments to Date Our long-term strategic growth plan is reflected in recent events: January: Began targeting the North Dakota Middle Bakken formation and spud our first operated well in Divide County, ND January March:…
  9. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 9
    Addressing Concerns We have taken the following actions to address the concerns in our Form 8-K dated April 16, 2013 Concern Action Taken Status On schedule; Targeting end 2012 10-K - Hired BDO to complete audit of June for…
  10. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 10
    A Focused Company on the Right Path Proven management and technical team in place committed to proper capital allocation for future growth Geographically diversified asset base in three of the most prolific shale plays in the US…
  11. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 11
    Appendix 11
  12. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 12
    Appalachia Overview Overview Areas of Operation Proved Reserves MHR areas of operations Total proved reserves of 36.5 MMBoe as of 12/31/12 Proved producing reserves of 24.1 MMBoe as of 12/31/12 Acreage Position 467,000 net…
  13. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 13
    Marcellus Operations Marcellus Well Results 10,500 10,400 10,000 9,700 9,700 9,600 9,500 9,471 9,563 8,340 7,998 7,210 7,078 6,542 6,337 6,361 5,800 5,618 5,614 5,413 5,274 5,329 5,040 4,836 4,716 4,205 3,875 3,360 2,789…
  14. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 14
    Economic Sensitivity of Marcellus CAPEX: 6.5MM EUR: 7.8 Bcfe (includes natural gas liquids) 14.0 IRR: 108% 12.0 4.14/MMBtu(1) IRR: 98% 10.0 IRR: 87% Single Well NPV-10 ( MM) IRR: 77% 8.0 IRR: 67% 6.0 IRR: 57% 4.0 IRR:…
  15. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 15
    NGL Uplift in Appalachia Following the startup of the Mobley Processing Plant, Magnum Hunter realized an average of .85 per Wellhead Produced Mcf uplift from NGLs February 2013 settlement The Company has 200 MMcf/d of dedicated…
  16. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 16
    Marcellus Shale NOBLE MONROE MHR - Ormet Well Mark West Mobley Fractionation Facility MHR - Stalder Pad Carbide MHR - Price Pad Compression Facility WETZEL TYLER WASHINGTON MHR / Stone JV Pads MHR - Spencer Pad MHR - New…
  17. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 17
    Utica Shale Overview Total Organic Carbon The Utica Shale extends approximately 170,000 square miles throughout the Appalachia Basin in the United States and Canada Ordovician-aged organic rich black shale with interbedded limestone…
  18. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 18
    First Utica Pad First Utica horizontal well in Washington County spud April 10, 2013 Farley Pad is designed to handle 4 horizontal wells Well has recently reached TD vertically at 8,164 feet, logged and cored Now drilling the…
  19. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 19
    Utica Shale Recent Well Results Antero - Miley 5HA Gulfport - Stutzman 1-14H MUSKINGUM IP Rate: 3200 boe/d 4 Hour Rate: 9450 bbls NGL/d 1250 BTU Gas Well Not Rested +21.0 mmcf/d (4060 boe/d) Gulfport - Irons 1-4H Drilling Gulfport -…
  20. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 20
    Williston Hunter Overview Areas of Operation Overview Proved Reserves Total proved reserves of 24.0 MMBoe as of 12/31/12 Proved producing reserves of 9.9 MMBoe as of 12/31/12 Acreage 180,000 net acres in the Williston Basin…
  21. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 21
    Williston Hunter Recent North Dakota Well Results Williston (North Dakota) MHR results 24-Hr IP Rate 30-Day Average Production Rate of Frac Stages 1770 1549 1326 1352 1054 1085 1046 1033 990 910 842 859 874 868 836 833…
  22. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 22
    Williston Basin Economics Sensitivity North Dakota West (High Case) North Dakota West (Base Case) Saskatchewan (1 mile lateral) CAPEX: 7.1 Million CAPEX: 7.1 Million CAPEX: 3.5 Million EUR: 730 MBO EUR: 550 MBO EUR: 175 MBO…
  23. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 23
    Pearsall and Eagle Ford Shale in Oil Window Key Highlights Strong Well Results by Offset Operators Validates the Companys Acreage Position Core land position in the Pearsall and Eagle Ford oil and condensate windows Technical…
  24. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 24
    Eureka Hunter Midstream Overview Strategically Positioned Assets Pipeline strategically located in heart of Marcellus wet gas corridor of WV 70 miles of 20 1135 MAOP gathering system in the ground to-date 350+ MMcf per day current…
  25. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 25
    Eureka Hunter Pipeline Geographical Map Constructed Line 25
  26. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 26
    Eureka Hunter Gathering Volumes Eureka Hunter Pipeline, LLC 2012 Avg. Jan-13 Feb-13 Mar-13 Apr-13E High Pressure Reservation Volume (MMBtu/d) Triad 40,000 87,950 87,950 87,950 91,117 Third-Parties 6,667 35,000 35,000 35,000 47,000…
  27. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 27
    Eureka Hunter Pipeline Three pipe solution at Carbide Challenging West Virginia Terrain Ohio River Bore into Ohio (McCormick & Evans) 27
  28. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 28
    Mobley Processing Plant Processing complex consists of three trains: 200 Mmcf/d + 200 Mmcf/d + 120 Mmcf/d 200 Mmcf/d plant came online during November 2012 Equitrans feed Eureka Hunter began deliveries December 20, 2012 28
  29. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 29
    Crude Oil and Natural Gas Hedges Crude Oil 2013 2014 2015 NYMEX Average (1) 89.44 86.45 84.12 Weighted-Average Hedge Price With Ceilings 100.38 100.90 115.93 Weighted-Average Hedge Price With Floors 87.33 85.00 85.00…
  30. ENERGY PROSPECTUS GROUP – Magnum Hunter Resources Corp. – slide 30
    Contact Information Magnum Hunter Resources (NYSE: MHR) Website: www.magnumhunterresources.com Headquarters: 777 Post Oak Blvd., Suite 650 Houston, TX 77056 Office: (832) 369-6986 Fax: (832) 369-6992 Contact: Investor Relations…

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