Evolution Petroleum Corporation Corporate Presentation August 2017 Corporate Presentation August 2017

Size: px
Start display at page:

Download "Evolution Petroleum Corporation Corporate Presentation August 2017 Corporate Presentation August 2017"

Transcription

1 Evolution Petroleum Corporation Corporate Presentation August 2017 Corporate Presentation August

2 Forward Looking Statements This presentation contains forward-looking statements. Such statements may relate to capital expenditures, drilling and exploitation activities, production efforts and sales volumes, Proved, Probable, and Possible reserves, operating and administrative costs, future operating or financial results, cash flow and anticipated liquidity, business strategy and potential property acquisitions. These forward-looking statements are generally accompanied by words such as estimated, projected, potential, anticipated, forecasted or other words that convey the uncertainty of future events or outcomes. Although we believe the expectations and forecasts reflected in these and other forward-looking statements are reasonable, we can give no assurance they will prove to have been correct. These statements are based on our current plans and assumptions and are subject to a number of risks and uncertainties as further outlined in our most recent Forms 10-K and 10-Q. Therefore, the actual results may differ materially from the expectations, estimates or assumptions expressed in or implied by any forward-looking statement and we undertake no obligation to update these estimates for events after this presentation. Cautionary Note regarding Oil and Gas Reserves SEC rules allow oil and gas companies to disclose not only Proved reserves, but also Probable and Possible reserves that meet the SEC s definitions of such terms. We disclose Proved, Probable and Possible reserves in our filings with the SEC and this presentation. Estimates of Probable and Possible reserves are by their nature more speculative than estimates of Proved reserves and are subject to greater uncertainties, and accordingly the likelihood of recovering those reserves is subject to substantially greater risk. Our reserves as of June 30, 2016 were estimated by DeGolyer & MacNaughton ( D&M ), an independent petroleum engineering firm. 2

3 Texas / Gulf Coast Focus Overview (Quarter Ended March 31, 2017) New York Stock Exchange Shares Outstanding EPM 33.1 MM Delhi Field Fully Diluted Shares 33.2 MM Share Price (8/7/2017) $7.85 Total Equity Value (8/7/2017) Common Stock Dividend (Annual Rate) $260 MM $0.30 per share Houston Headquarters Evolution Petroleum Founded in 2003 Delhi Field Acquired in 2003; Operated by Denbury Resources, Inc. (DNR) Delhi Gross Oil Production (3/31/2017) Delhi Gross NGL Production (3/31/2017) Avg Net Production (3/31/2017) Proved Reserves (6/30/2016) Net Working Capital (3/31/2017) Debt ($10 MM Avail Capacity) 7,786 BOPD 830 BOEPD 2,260 BOEPD 10.8 MMBOE $21.5 MM None 3

4 Summary Financial Statements March 31, 2017 Amounts in $000 s, except EPS Balance Sheet Cash $ 20,220 Other current assets 4,117 Property and equipment 62,817 Other assets 313 Total assets $ 87,467 Current liabilities $ 2,859 Long-term debt - Deferred taxes and ARO 15,626 Stockholders equity 68,982 Income Statement Delhi field revenues $ 9,525 Lease operating expenses 2,811 DD&A and accretion 1,537 G&A expenses and other 1,240 Income before income taxes $ 3,937 Income tax provision 1,518 Net income $ 2,419 Earnings per share (fully diluted) $ 0.07 Total liabilities and equity $ 87,467 4

5 Recent Developments Dividend Increased to $0.30 per Year Rate up 50% Since September 2016 NGL Plant Complete and Online $27.5MM Litigation Settlement Proceeds Greatly Improves Financial Strength Removes Uncertainty and Continuing Legal Costs Redemption of all Preferred Stock New $50MM Credit Agreement April

6 Investment Considerations High Quality Asset Base w/ Near-Term Growth Catalysts Extremely Long-Lived Production (25 Year Life; Much Longer with Higher Oil Prices) Debt-Free Balance Sheet with Solid Working Capital Position Positive Net Income reported in the last Five Fiscal Years Attractive Dividend Yield (~3.6%) Directors and Employees Aligned with Shareholders through Significant Stock Ownership Insiders own ~9% Well-Positioned for New Opportunities 6

7 Delhi Field Recycle Facility and NGL Plant Foundation Cash Flow Asset for Evolution Petroleum 7

8 Delhi Field EOR Project Development Exceptional resource: 418 MMBO of gross original oil in place 323 MMBO OOIP in proved flood area 195 MMBO production prior to EOR 13.9 MMBO since CO2 flood began Other advantages: No LA oil severance taxes (12.5%) until financial payout of the project Oil transported by pipeline Delhi crude sells at LLS pricing 8

9 Gross BOPD 10,000 Delhi Field Daily Oil Production Gross and Net BOPD Net BOPD 4,000 9,000 8,000 7,000 6,000 3,500 3,000 2,500 5,000 2,000 4,000 3,000 2,000 1,000 Reversion of Working Interest Nov ,500 1, Gross BOPD Total Net BOPD 9

10 Delhi Field - Net Daily Oil Production 2,200 2,000 25% Production Increase since reversion 2,042 1,800 1,600 1,640 1,400 1,200 1,000 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Average Net Delhi Production by Quarter (BOPD) 10

11 EPM Interests in the Delhi Field Costs Revenues Working Interest (a) 23.9% 19.0% Royalty Interests None 7.2% Combined Interests 23.9% 26.2% (a) Field Payout and Reversion of Working Interest to EPM Occurred Effective November 1, 2014 (Working Interest in the Mengel Sand also 23.9%) 11

12 Delhi Operating Costs per BOE $24.00 NGL Opex 140 CO2 Purchases & Transp $20.00 $16.00 $12.00 $18.15 $16.41 $13.53 $13.13 Electricity R&M/Labor/Chemicals Purchased CO2 MMcf/d $13.14 $12.54 $11.72 $ $ $ $0.00 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar

13 EPM Delhi Reserves Three Cases (MBOE 6/30/16) 20,000 15,000 10,000 5,000-10, % 15, % 18,034 Proved 2P (a) 3P (b) 20.5% Proved Reserves assume 13.8% Incremental CO2 Recovery (Up from 13.0% in 2015) (a) 2P Combined Proved plus Incremental Probable assumes 18.0% incremental CO2 recovery (b) 3P Combined Proved, Probable and Possible assumes 20.5% incremental CO2 recovery Undeveloped Reserves: PUD Reserves for NGL Plant are now Developed and Producing Future Dev Costs for Test Site 5 are approx $11.5MM - $8.12 per Bbl Oil - Developed Producing Oil - Undeveloped NGL (Now Producing) 13

14 $450 $400 $350 $300 Oil Price and Discount Rate Sensitivities Combined Values as of June 30, 2016 ($MM) Three Important Variables: 1) Oil Price Expectations 2) Ultimate Reserve Recovery 3) Appropriate Discount Rate Net present value, discounted at: 10% 8% 6% $250 $200 $150 $100 $50 $42.91 Price Case $50 WTI Case $60 WTI Case $70 WTI Case $0 PV-10% PV-8% PV-6% PV-10% PV-8% PV-6% PV-10% PV-8% PV-6% PV-10% PV-8% PV-6% $42.91 (SEC) Price Case $50 WTI Price Case $60 WTI Price Case $70 WTI Price Case Cash Proved Reserves 50% of Probable Balance of Probable Note: The amounts in the chart above are not intended to represent the fair market value of EPM or its assets. They do not conform to GAAP and are presented solely to illustrate the effects of varying assumptions about oil prices, ultimate reserve recoveries and discount rates on the discounted future net revenues of the Company. There is no comparable GAAP measure for comparison of these amounts, which are presented on a pre-tax basis. 14

15 Delhi NGL Plant Photo Taken in October

16 Delhi NGL Storage Tanks 2,000 Bbl+ Capacity Each 16

17 Inside General Electric LM-2500 Turbine Approx 25 Megawatt Max Capacity 17

18 Multiple Projects To Build Long-Term Value Increase Production & Improve EOR Efficiency through Conformance Projects Infill Drilling program; Expand CO2 Flood to Eastern Part of Delhi Field (Price Dependent) Expand CO2 Flood to Mengel Sand and Additional Thinner Intervals (Price Dependent) 18

19 Key Financial Matters 19

20 Delhi Capital Spending by Quarter $7,500 $5,000 Cum Capex Mar 2017 NGL Plant - $26.3 MM Conformance - $5.6 MM (Post Mar 2015) $2,500 Forecast $0 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17e Sep-17e Dec-17e NGL Plant Conformance and Other Forecast 20

21 Credit Agreement Strengthens Financial Flexibility $50MM Reserve-Based Credit Agreement with MidFirst Bank Financially Strong Private Bank Initially Elected Borrowing Base of $10MM Attractive Rate Structure: Mid-3% Range All-in 25 Basis Points on Undrawn Borrowing Base Standard 3X EBITDA and Other Covenants Significant Improvement Over Prior Facility Provides Additional Capacity for Future Growth 21

22 Defensive Hedging Strategy Goals for Hedging Program: Protect Dividends and Cap Ex Obligations Retain Long-term Commodity Price Upside Policy allows Hedging of Maximum 70% of Estimated Production not to exceed one year forward Started Program in 2H 2015 Realized gains of $3.4MM Added $5 per barrel to FY 2016 net realized oil price ($40) Company is Cautious on Short-term Oil Prices Recent Collars expired May 31 in the money and thus Unhedged as of June 1,

23 EPM Dividend History vs WTI Oil Prices $0.12 $120 $0.11 $0.10 $0.09 Cumulative Payout Dec 2013 thru Jun 2017: $34.6 MM ($1.06 per share) $100 Quarterly Dividend Rate per Share $0.08 $0.07 $0.06 $0.05 $0.04 Sept-17 Dividend set at $0.075 $80 $60 $40 WTI Avg Oil Prices (Bloomberg) $0.03 $0.02 $20 $0.01 $0.00 $- Common Stock Dividends WTI Oil Prices (Qtr Avg) 23

24 Opportunities for EPM We see an Improving Market for Acquisitions Price and Value Expectations more Reasonable Excess Capital Available; Competition Still a Factor Over time, we expect to see a continuing rationalization of mature conventional cash flow properties by large entities We are patiently seeking opportunities which are: Accretive to Value and Cash Flow; and Support Increasing Long-term Returns to Shareholders 24

25 Value Proposition Summary Accretive Growth Delhi Field Production Increasing from CO2 Flood Enhancements Low-Cost Reserves Additions and Upgrades Start up of the NGL Plant at Delhi Field Underlying Value Long-Lived Cash Flow from Very Large Delhi Field Resource Solid Balance Sheet Ability to Weather the Cycle & Fund Growth Capital Expenditures Well-Positioned to Capitalize on New Growth Opportunities Returning Cash to Shareholders Increased Dividend Rate for QE Sept 30, Potential For Future Increases Flexible Share Repurchase Program Available 25

Evolution Petroleum Corporation Corporate Presentation March 2018 Corporate Presentation March 2018

Evolution Petroleum Corporation Corporate Presentation March 2018 Corporate Presentation March 2018 Evolution Petroleum Corporation Corporate Presentation March 2018 Corporate Presentation March 2018 1 Forward Looking Statements This presentation contains forward-looking statements. Such statements may

More information

Evolution Petroleum Corporation Corporate Presentation April 2018 Corporate Presentation April 2018

Evolution Petroleum Corporation Corporate Presentation April 2018 Corporate Presentation April 2018 Evolution Petroleum Corporation Corporate Presentation April 2018 Corporate Presentation April 2018 1 Forward Looking Statements This presentation contains forward-looking statements. Such statements may

More information

Evolution Petroleum Corporation Corporate Presentation August 2018 Corporate Presentation August 2018

Evolution Petroleum Corporation Corporate Presentation August 2018 Corporate Presentation August 2018 Evolution Petroleum Corporation Corporate Presentation August 2018 Corporate Presentation August 2018 1 Forward Looking Statements This presentation contains forward-looking statements. Such statements

More information

Commentary by Dan Steffens

Commentary by Dan Steffens Management Robert S. Herlin, Chairman Randall D. Keys, CEO and President David Joe, Sr. VP / CFO Rod Schultz, Principal Accounting Officer and Director of SEC Reporting & Taxation Karon Mueller, Controller

More information

The data contained in this presentation that are not historical facts are forward-looking statements within the meaning of the Private Securities

The data contained in this presentation that are not historical facts are forward-looking statements within the meaning of the Private Securities April 17, 2012 1 The data contained in this presentation that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section

More information

The data contained in this presentation that are not historical facts are forward looking statements within the meaning of the Private Securities

The data contained in this presentation that are not historical facts are forward looking statements within the meaning of the Private Securities 1 The data contained in this presentation that are not historical facts are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities

More information

December 6, 2012 Houston, TX

December 6, 2012 Houston, TX December 6, 2012 Houston, TX 1 The data contained in this presentation that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of

More information

ENERCOM S The Oil & Gas Conference August 14, 2012 Denver, CO

ENERCOM S The Oil & Gas Conference August 14, 2012 Denver, CO ENERCOM S The Oil & Gas Conference August 14, 2012 Denver, CO 1 The data contained in this presentation that are not historical facts are forward-looking statements within the meaning of the Private Securities

More information

Energy XXI Gulf Coast Announces Fourth Quarter and Full Year 2017 Financial and Operational Results

Energy XXI Gulf Coast Announces Fourth Quarter and Full Year 2017 Financial and Operational Results March 16, 2018 Energy XXI Gulf Coast Announces Fourth Quarter and Full Year 2017 Financial and Operational Results Nasdaq Ticker Symbol Will Change March 21, 2018 HOUSTON, March 16, 2018 (GLOBE NEWSWIRE)

More information

Occidental Petroleum Announces 4th Quarter and Full Year 2018 Results

Occidental Petroleum Announces 4th Quarter and Full Year 2018 Results Occidental Petroleum Announces 4th Quarter and Full Year 2018 Results Occidental Petroleum reports 2018 net income of $4.1 billion with ROCE of 14%, the highest since 2014 portfolio optimization; returns

More information

1Q17 Earnings Presentation May 4, NYSE: DNR

1Q17 Earnings Presentation May 4, NYSE: DNR 1Q17 Earnings Presentation May 4, 2017 www.denbury.com NYSE: DNR 1 Agenda Introduction John Mayer, Investor Relations Overall Review and Outlook Phil Rykhoek, Chief Executive Officer Operational Review

More information

2016 Results and 2017 Outlook

2016 Results and 2017 Outlook 2016 Results and 2017 Outlook March 2, 2017 Cautionary Statement Regarding Forward-Looking Statements This presentation includes certain forward-looking statements and projections of EP Energy. EP Energy

More information

The Houston Energy Conference November 13-15, 2007

The Houston Energy Conference November 13-15, 2007 The Houston Energy Conference November 13-15, 2007 (AMEX: EPM) Evolution Petroleum Corporation Evolution Petroleum Corporation This presentation contains forward-looking statements within the meaning of

More information

INVESTOR UPDATE EP ENERGY CORPORATION. August 2018

INVESTOR UPDATE EP ENERGY CORPORATION. August 2018 INVESTOR UPDATE EP ENERGY CORPORATION August 2018 CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS This presentation includes certain forward-looking statements and projections of EP Energy. EP

More information

Occidental Petroleum Announces 2017 Results and 2018 Guidance

Occidental Petroleum Announces 2017 Results and 2018 Guidance Occidental Petroleum Announces 2017 Results and 2018 Guidance Significant progress on Breakeven Plan with expected completion in third quarter 2018 2018 capital budget of $3.9 billion and estimated production

More information

4 TH QUARTER EARNINGS PRESENTATION FEBRUARY 27, 2018

4 TH QUARTER EARNINGS PRESENTATION FEBRUARY 27, 2018 4 TH QUARTER EARNINGS PRESENTATION FEBRUARY 27, 2018 Important Disclosures Forward-Looking Statements This presentation contains projections and other forward-looking statements within the meaning of Section

More information

Occidental Petroleum Announces 3rd Quarter 2018 Results

Occidental Petroleum Announces 3rd Quarter 2018 Results Occidental Petroleum Announces 3rd Quarter 2018 Results Highest reported and core earnings per share since portfolio optimization in 2014 $2.6 billion cash flow from operations before working capital exceeded

More information

August Investor Presentation

August Investor Presentation August 2017 Investor Presentation Forward-Looking / Cautionary Statements Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities

More information

Occidental Petroleum Announces 2nd Quarter 2018 Results

Occidental Petroleum Announces 2nd Quarter 2018 Results Occidental Petroleum Announces 2nd Quarter 2018 Results Completed low oil price Breakeven Plan ahead of schedule Increased dividend for 16 th consecutive year Achieved record earnings in Chemical and Marketing

More information

November Investor Presentation

November Investor Presentation November 2016 Investor Presentation Forward-Looking / Cautionary Statements Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities

More information

INVESTOR UPDATE EP ENERGY CORPORATION

INVESTOR UPDATE EP ENERGY CORPORATION INVESTOR UPDATE EP ENERGY CORPORATION Improving Results 4Q 17 Investor Update March 1, 2018 1EP Energy Corporation CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS This presentation includes certain

More information

Cowen 7 th Annual Energy & Natural Resources Conference

Cowen 7 th Annual Energy & Natural Resources Conference Cowen 7 th Annual Energy & Natural Resources Conference Douglas Brooks Chief Executive Officer and President December 4, 2017 www.energyxxi.com Forward-Looking Statements This presentation contains forward-looking

More information

Q E a r n i n g s. M a y 3, 2018

Q E a r n i n g s. M a y 3, 2018 Q 1 2 0 1 8 E a r n i n g s M a y 3, 2018 FORWARD-LOOKING STATEMENTS Except for historical information contained herein, the statements in this presentation are forward-looking statements that are made

More information

SCOOP Project SpringBoard. January 29, 2019

SCOOP Project SpringBoard. January 29, 2019 SCOOP Project SpringBoard January 29, 2019 Forward-Looking Information Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995 This presentation

More information

Schedule # Schedule Description 1 Summary Highlights Occidental Petroleum Corporation Quarter 4 2016 Earnings Release Schedules Index 2 Segment Results Before Tax Allocations 3 Segment Results After Tax

More information

Occidental Petroleum Corporation Quarter Earnings Release Schedules Index

Occidental Petroleum Corporation Quarter Earnings Release Schedules Index Schedule # Schedule Description 1 Summary Highlights Occidental Petroleum Corporation Quarter 2 2018 Earnings Release Schedules Index 2 Segment Results Before Tax Allocations 3 Segment Results After Tax

More information

ENERGY + TECHNOLOGY = GROWTH A STRONGER COMPANY

ENERGY + TECHNOLOGY = GROWTH A STRONGER COMPANY Whiting Petroleum Corporation ENERGY + TECHNOLOGY = GROWTH A STRONGER COMPANY SET TO PROSPER AT CURRENT PRICES PESA Annual Meeting April 23, 2015 Forward-Looking Statements, Non-GAAP Measures, Reserve

More information

NOVEMBER 2016 INVESTOR PRESENTATION

NOVEMBER 2016 INVESTOR PRESENTATION NOVEMBER 2016 INVESTOR PRESENTATION CAUTIONARY STATEMENTS Forward Looking Statement This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933,

More information

J.P. Morgan 2017 Energy Equity Conference June 26, NYSE: DNR

J.P. Morgan 2017 Energy Equity Conference June 26, NYSE: DNR J.P. Morgan 2017 Energy Equity Conference June 26, 2017 www.denbury.com NYSE: DNR 1 Cautionary Statements Forward-Looking Statements: The data and/or statements contained in this presentation that are

More information

Occidental Petroleum Announces 2 nd Quarter 2017 Results and Progress Toward Cash Flow Breakeven at Low Oil Prices

Occidental Petroleum Announces 2 nd Quarter 2017 Results and Progress Toward Cash Flow Breakeven at Low Oil Prices Occidental Petroleum Announces 2 nd Quarter 2017 Results and Progress Toward Cash Flow Breakeven at Low Oil Prices Raised dividend for the 15 th consecutive year Increased cash balance to $2.2 billion

More information

DENBURY REPORTS 2013 FOURTH QUARTER AND ANNUAL RESULTS

DENBURY REPORTS 2013 FOURTH QUARTER AND ANNUAL RESULTS News DENBURY REPORTS 2013 FOURTH QUARTER AND ANNUAL RESULTS PLANO, TX February 20, 2014 Denbury Resources Inc. (NYSE: DNR) ("Denbury" or the "Company") today announced adjusted net income (a non-gaap measure)

More information

Corporate Presentation June 2010 (NYSE Amex: EPM)

Corporate Presentation June 2010 (NYSE Amex: EPM) Corporate Presentation June 2010 (NYSE Amex: EPM) Evolution Petroleum Corporation 1 Evolution Petroleum Corporation This presentation contains forward-looking statements within the meaning of the Private

More information

EnerCom s The Oil & Gas Conference. August 15, 2012

EnerCom s The Oil & Gas Conference. August 15, 2012 EnerCom s The Oil & Gas Conference August 15, 2012 Overview of Operations 16 Bakken Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Integrated approach to business

More information

Acquisition of Oil & Gas Properties in Mid-Continent

Acquisition of Oil & Gas Properties in Mid-Continent Acquisition of Oil & Gas Properties in Mid-Continent July 11, 2012 Significant Overlap in Core Operating Area Pro forma Acreage Position in Core Mid-Continent Area Material acreage overlap with existing

More information

IPAA Oil & Gas Investment Symposium Presentation April 13, :35 p.m.

IPAA Oil & Gas Investment Symposium Presentation April 13, :35 p.m. IPAA Oil & Gas Investment Symposium Presentation April 13, 2011 1:35 p.m. Overview of Operations Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Ticker: UNT / NYSE

More information

Dahlman Rose Oil Service and Drilling Conference. Wednesday, November 30, :50 a.m.

Dahlman Rose Oil Service and Drilling Conference. Wednesday, November 30, :50 a.m. Dahlman Rose Oil Service and Drilling Conference Wednesday, November 30, 2011 10:50 a.m. Overview of Operations Tulsa based company founded in 1963 with long history of operations in the Mid-Continent

More information

Corporate Presentation

Corporate Presentation Corporate Presentation September 10, 2009 (NYSE Amex: EPM) Evolution Petroleum Corporation 1 Evolution Petroleum Corporation This presentation contains forward-looking statements within the meaning of

More information

SUSTAINABLE DIVIDEND & GROWTH May 2018

SUSTAINABLE DIVIDEND & GROWTH May 2018 SUSTAINABLE DIVIDEND & GROWTH May 2018 Cardinal Profile Shares Outstanding TSX: CJ Basic (1) Fully Diluted (excluding debentures) 110.8 MM 114.0 MM 2018 Annual Dividend ($/share) $0.42 2018 Average Production

More information

4Q 2017 Earnings Presentation February 27, 2018 CRZO

4Q 2017 Earnings Presentation February 27, 2018 CRZO 4Q 217 Earnings Presentation February 27, 218 Forward Looking Statements / Note Regarding Reserves This presentation contains statements concerning the Company s intentions, expectations, beliefs, projections,

More information

SUSTAINABLE DIVIDEND & GROWTH July 2018

SUSTAINABLE DIVIDEND & GROWTH July 2018 SUSTAINABLE DIVIDEND & GROWTH July 2018 Cardinal Profile Shares Outstanding TSX: CJ Basic (1) Fully Diluted (excluding debentures) 110.8 MM 114.0 MM 2018 Annual Dividend ($/share) $0.42 2018 Average Production

More information

Abraxas Petroleum. Corporate Update. April Raven Rig #1; McKenzie County, ND

Abraxas Petroleum. Corporate Update. April Raven Rig #1; McKenzie County, ND Abraxas Petroleum Corporate Update April 2018 Raven Rig #1; McKenzie County, ND Forward Looking Statements The information presented herein may contain predictions,estimates and other forward looking statements

More information

Investor Update August 3, 2017

Investor Update August 3, 2017 Investor Update August 3, 2017 Cautionary Statement Regarding Forward-Looking Statements This presentation includes certain forward-looking statements and projections of EP Energy. EP Energy has made every

More information

First quarter 2018 total equivalent production and oil production volumes were above the high

First quarter 2018 total equivalent production and oil production volumes were above the high News For Immediate Release EP Energy Reports Q'8 Results Which Beat Production and Capital Guidance Guides Production Rate Up and Capital Spend Down for Q'8 HOUSTON, TEXAS, May 8, 08 EP Energy Corporation

More information

IPAA Oil & Gas Investment Symposia April 3, Creating Value in the Gulf of Mexico

IPAA Oil & Gas Investment Symposia April 3, Creating Value in the Gulf of Mexico IPAA Oil & Gas Investment Symposia April 3, 2017 Creating Value in the Gulf of Mexico Forward-Looking Statement Disclosure This presentation, contains forward-looking statements within the meaning of the

More information

Canaccord Genuity Global Energy Conference. Wednesday, October 12, :00 p.m.

Canaccord Genuity Global Energy Conference. Wednesday, October 12, :00 p.m. Canaccord Genuity Global Energy Conference Wednesday, October 12, 2011 3:00 p.m. Overview of Operations Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Bakken 3%

More information

1Q 2018 Earnings Presentation May 8, 2018 CRZO

1Q 2018 Earnings Presentation May 8, 2018 CRZO 1Q 218 Earnings Presentation May 8, 218 Forward Looking Statements / Note Regarding Reserves This presentation contains statements concerning the Company s intentions, expectations, beliefs, projections,

More information

Corporate Presentation February 12, 2014 F L O R I D A

Corporate Presentation February 12, 2014 F L O R I D A Nasdaq: USEG www.usnrg.com Corporate Presentation February 12, 2014 F L O R I D A Safe Harbor Disclosure Please carefully read the following disclaimer: The information discussed in this Presentation includes

More information

Dahlman Rose Ultimate Oil Service Conference

Dahlman Rose Ultimate Oil Service Conference Dahlman Rose Ultimate Oil Service Conference December 3, 2012 Overview of Operations 16 Bakken Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Integrated approach

More information

QUARTERLY RESULTS Oil and Gas

QUARTERLY RESULTS Oil and Gas Occidental Petroleum Announces 1 st Quarter 2017 Results Net Income of $117 million or $0.15 per share Permian Resources average daily production of 129,000 BOE, up 5 percent from the previous quarter

More information

Energy XXI Gulf Coast Announces First Quarter 2018 Financial and Operational Results

Energy XXI Gulf Coast Announces First Quarter 2018 Financial and Operational Results May 10, 2018 Energy XXI Gulf Coast Announces First Quarter 2018 Financial and Operational Results HOUSTON, May 10, 2018 (GLOBE NEWSWIRE) -- Energy XXI Gulf Coast, Inc. ( EGC or the Company ) (NASDAQ:EGC)

More information

CORPORATE PRESENTATION MARCH 2013

CORPORATE PRESENTATION MARCH 2013 CORPORATE PRESENTATION MARCH 213 Corporate Snapshot Market Capitalization: Current market capitalization: $.75 billion (TSX: PXX $2.5 share @ 2/28/13) Shares outstanding: Basic: 296 million Fully Diluted:

More information

FOURTH QUARTER Financial and Operational Review. February 15, 2017

FOURTH QUARTER Financial and Operational Review. February 15, 2017 FOURTH QUARTER 216 Financial and Operational Review February 15, 217 Forward-Looking Statements and Other Matters This presentation (and oral statements made regarding the subjects of this presentation)

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

RBC Capital Markets MLP Conference

RBC Capital Markets MLP Conference RBC Capital Markets MLP Conference Halbert S. Washburn Chairman, Co-Founder & Co-CEO Dallas, November 2009 Forward-Looking Statements Cautionary Statement Relevant to Forward-Looking Information This presentation

More information

Jefferies 2012 Global Energy Conference

Jefferies 2012 Global Energy Conference Jefferies 2012 Global Energy Conference November 29, 2012 Forward Looking Statement The material included herein which is not historical fact constitutes forward-looking statements within the meaning of

More information

Abraxas Petroleum. Corporate Update. February Raven Rig #1; McKenzie County, ND

Abraxas Petroleum. Corporate Update. February Raven Rig #1; McKenzie County, ND Abraxas Petroleum Corporate Update February 2018 Raven Rig #1; McKenzie County, ND Forward Looking Statements The information presented herein may contain predictions,estimates and other forward looking

More information

2015 Results and 2016 Outlook February 19, 2016

2015 Results and 2016 Outlook February 19, 2016 Results and 2016 Outlook February 19, 2016 Cautionary Statement Regarding Forward-Looking Statements This presentation includes certain forward-looking statements and projections of EP Energy. EP Energy

More information

Continuing Success in Heavy Oil

Continuing Success in Heavy Oil Continuing Success in Heavy Oil Corporate Presentation March 2018 Advisory FORWARD-LOOKING STATEMENTS: This presentation contains certain forward-looking statements and forward-looking information (collectively

More information

Corporate Presentation

Corporate Presentation Corporate Presentation March, 2010 (NYSE Amex: EPM) Evolution Petroleum Corporation 1 Evolution Petroleum Corporation This presentation contains forward-looking statements within the meaning of the Private

More information

2017 EARNINGS CALL. Bahar Central Production Facility

2017 EARNINGS CALL. Bahar Central Production Facility 2017 EARNINGS CALL P R E S E N T A T I O N Bahar Central Production Facility DISCLAIMER Outlooks, projections, estimates, targets and business plans in this presentation or any related subsequent discussions

More information

JUNE 2017 INVESTOR PRESENTATION

JUNE 2017 INVESTOR PRESENTATION JUNE 2017 INVESTOR PRESENTATION Cautionary Statements Forward Looking Statement This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933,

More information

Corporate Presentation March 2018

Corporate Presentation March 2018 Corporate Presentation March 2018 Forward-Looking / Cautionary Statements This presentation, including any oral statements made regarding the contents of this presentation, contains forward-looking statements

More information

Corporate Presentation February 2018

Corporate Presentation February 2018 Corporate Presentation February 2018 Forward-Looking / Cautionary Statements This presentation, including any oral statements made regarding the contents of this presentation, contains forward-looking

More information

RICK MUNCRIEF, CHAIRMAN & CEO FEBRUARY 21, 2019 NYSE: WPX

RICK MUNCRIEF, CHAIRMAN & CEO FEBRUARY 21, 2019 NYSE: WPX RICK MUNCRIEF, CHAIRMAN & CEO FEBRUARY 21, 2019 NYSE: WPX 2018: A Pivotal Year of Progress W I L L I S T O N P E R M I A N FOCUSED PORTFOLIO Sold San Juan Gallup in 2018 to become a premier operator in

More information

Corporate Presentation June 2018

Corporate Presentation June 2018 Corporate Presentation June 2018 Forward-Looking / Cautionary Statements This presentation, including any oral statements made regarding the contents of this presentation, contains forward-looking statements

More information

Abraxas Petroleum. Corporate Update. May Raven Rig #1; McKenzie County, ND

Abraxas Petroleum. Corporate Update. May Raven Rig #1; McKenzie County, ND Abraxas Petroleum Corporate Update May 2018 Raven Rig #1; McKenzie County, ND Forward-Looking Statements The information presented herein may contain predictions, estimates and other forward-looking statements

More information

1 st QUARTER 2018 EARNINGS MAY 2, 2018

1 st QUARTER 2018 EARNINGS MAY 2, 2018 1 st QUARTER 2018 EARNINGS MAY 2, 2018 Important Disclosures Forward-Looking Statements This presentation contains projections and other forward-looking statements within the meaning of Section 27A of

More information

4 th Quarter & Full Year 2018 Results, 2019 Outlook & Penn Virginia Combination Update. February 27, 2019

4 th Quarter & Full Year 2018 Results, 2019 Outlook & Penn Virginia Combination Update. February 27, 2019 4 th Quarter & Full Year 2018 Results, 2019 Outlook & Penn Virginia Combination Update February 27, 2019 N Y S E : D N R w w w. d e n b u r y. c o m Agenda Introduction John Mayer, Director of Investor

More information

Louisiana Energy Conference June 10, Nasdaq: ZAZA

Louisiana Energy Conference June 10, Nasdaq: ZAZA Louisiana Energy Conference June 10, 2015 Nasdaq: ZAZA Investor Notices Forward Looking Statements. This presentation and other written or oral statements made by or on behalf of ZaZa Energy Corporation

More information

Occidental Petroleum Announces 4 th Quarter 2015 Results

Occidental Petroleum Announces 4 th Quarter 2015 Results For Immediate Release: February 4, 2016 Occidental Petroleum Announces 4 th Quarter 2015 Results 2015 year-end cash balance of $4.4 billion 2016 capital program not to exceed $3.0 billion with production

More information

Whiting Petroleum Corporation. Third Quarter 2006 Financial and Operating Results October 31, 2006

Whiting Petroleum Corporation. Third Quarter 2006 Financial and Operating Results October 31, 2006 Whiting Petroleum Corporation Third Quarter 2006 Financial and Operating Results October 31, 2006 0 Forward-Looking Statement Disclosure and Non-GAAP Measures This presentation includes forward-looking

More information

MLP Investor Conference

MLP Investor Conference MLP Investor Conference Randall H. Breitenbach Co-Founder & Co-CEO Greenwich, CT September 2009 Forward-Looking Statements Cautionary Statement Relevant to Forward-Looking Information This presentation

More information

December 2018 Corporate Presentation

December 2018 Corporate Presentation December 218 Corporate Presentation Forward-Looking / Cautionary Statements This presentation, including any oral statements made regarding the contents of this presentation, contains forward-looking statements

More information

CO 2. Tim Bradley. President CO 2 Group

CO 2. Tim Bradley. President CO 2 Group CO 2 Tim Bradley President CO 2 Group History of CO 2 Group and Looking Forward Shell CO 2 formed in 1998, KM share 20% Acquired remaining 80% in April 2000 Acquired SACROC interests June 2000 Acquired

More information

YE-17 Reserves & 2018 Budget Presentation January 2018

YE-17 Reserves & 2018 Budget Presentation January 2018 YE-17 Reserves & 2018 Budget Presentation January 2018 Forward-Looking / Cautionary Statements This presentation, including any oral statements made regarding the contents of this presentation, contains

More information

Forward Looking Statements and Related Matters

Forward Looking Statements and Related Matters 2Q18 UPDATE @NFX @NFX is periodically published to keep stockholders aware of current operating activities at Newfield. It may include estimates of expected production volumes, costs and expenses, recent

More information

Abraxas Caprito 98 #201H; Ward Cty., TX

Abraxas Caprito 98 #201H; Ward Cty., TX Abraxas Caprito 98 #201H; Ward Cty., TX Abraxas Petroleum Corporation September 2018 Forward Looking Statements The information presented herein may contain predictions,estimates and other forward looking

More information

Heavy Oil. Gems. November TSX:PXX; OMX:PXXS

Heavy Oil. Gems. November TSX:PXX; OMX:PXXS Heavy Oil TSX:PXX; OMX:PXXS November 2010 Gems www.blackpearlresources.ca 1 Introduction Corporate: Symbol: PXX, PXXS Exchanges: TSX, OMX Shares Outstanding (MM): Basic (1) 282.9 Fully Diluted(options

More information

Northern Oil and Gas, Inc. Announces 2017 Fourth Quarter and Full Year Results, Provides 2018 Guidance

Northern Oil and Gas, Inc. Announces 2017 Fourth Quarter and Full Year Results, Provides 2018 Guidance Northern Oil and Gas, Inc. Announces 2017 Fourth Quarter and Full Year Results, Provides 2018 Guidance February 22, 2018 MINNEAPOLIS--(BUSINESS WIRE)--Feb. 22, 2018-- Northern Oil and Gas, Inc. (NYSE American:

More information

Investor Presentation. July 2017

Investor Presentation. July 2017 Investor Presentation July 2017 Forward Looking Statements & Non GAAP Financial Measures This presentation includes forward looking statements within the meaning of Section 27A of the Securities Act of

More information

Gulfport Energy Corporation Reports Fourth Quarter and Year-End 2012 Results

Gulfport Energy Corporation Reports Fourth Quarter and Year-End 2012 Results February 26, 2013 Gulfport Energy Corporation Reports Fourth Quarter and Year-End 2012 Results OKLAHOMA CITY, Feb. 26, 2013 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) today reported

More information

SandRidge Energy, Inc. Reports Financial and Operational Results for Fourth Quarter and Full Year of 2017 HIGHLIGHTS DURING 2017 INCLUDE:

SandRidge Energy, Inc. Reports Financial and Operational Results for Fourth Quarter and Full Year of 2017 HIGHLIGHTS DURING 2017 INCLUDE: SandRidge Energy, Inc. Reports Financial and Operational Results for Fourth Quarter and Full Year of 2017 Oklahoma City, Oklahoma, February 21, 2018 SandRidge Energy, Inc. (the Company or SandRidge ) (NYSE:SD)

More information

3Q 2018 Earnings Presentation November 5, 2018 CRZO

3Q 2018 Earnings Presentation November 5, 2018 CRZO 3Q 2018 Earnings Presentation November 5, 2018 Forward Looking Statements / Note Regarding Reserves This presentation contains statements concerning the Company s intentions, expectations, projections,

More information

HEADLINES. Reported Adjusted Loss of $.09 per Diluted Share and Adjusted EBITDA of $67 Million for the Fourth Quarter of 2015

HEADLINES. Reported Adjusted Loss of $.09 per Diluted Share and Adjusted EBITDA of $67 Million for the Fourth Quarter of 2015 SANDRIDGE ENERGY, INC. UPDATES SHAREHOLDERS ON OPERATIONS AND REPORTS FINANCIAL RESULTS FOR FOURTH QUARTER AND FISCAL YEAR 2015 Oklahoma City, Oklahoma, March 29, 2016 SandRidge Energy, Inc. (OTC PINK:

More information

Enercom - The Oil and Gas Conference. August 16, 2017

Enercom - The Oil and Gas Conference. August 16, 2017 Enercom - The Oil and Gas Conference August 16, 2017 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal Securities laws. All statements included

More information

HEADLINES SANDRIDGE ENERGY, INC. UPDATES SHAREHOLDERS ON OPERATIONS AND REPORTS FINANCIAL RESULTS FOR THIRD QUARTER AND FIRST NINE MONTHS OF 2015

HEADLINES SANDRIDGE ENERGY, INC. UPDATES SHAREHOLDERS ON OPERATIONS AND REPORTS FINANCIAL RESULTS FOR THIRD QUARTER AND FIRST NINE MONTHS OF 2015 SANDRIDGE ENERGY, INC. UPDATES SHAREHOLDERS ON OPERATIONS AND REPORTS FINANCIAL RESULTS FOR THIRD QUARTER AND FIRST NINE MONTHS OF 2015 Oklahoma City, Oklahoma, November 4, 2015 SandRidge Energy, Inc.

More information

TransMontaigne Partners L.P. (NYSE TLP) Wells Fargo th Annual Energy Symposium December 10 th, 2013

TransMontaigne Partners L.P. (NYSE TLP) Wells Fargo th Annual Energy Symposium December 10 th, 2013 TransMontaigne Partners L.P. (NYSE TLP) Wells Fargo 2013 12 th Annual Energy Symposium December 10 th, 2013 Forward Looking Statements All statements, other than statements of historical facts, contained

More information

e Growth & Investment Outlook December 9, 2013

e Growth & Investment Outlook December 9, 2013 2014-16e Growth & Investment Outlook December 9, 2013 @NFX is periodically published to keep stockholders aware of current operating activities at Newfield. It may include estimates of expected production

More information

Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2016 Results and Provides Guidance for 2017

Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2016 Results and Provides Guidance for 2017 News For Immediate Release Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2016 Results and Provides Guidance for 2017 HOUSTON, February 27, 2017 (BUSINESS WIRE) Black Stone Minerals,

More information

CEQUENCE ENERGY ANNOUNCES OPERATIONAL UPDATE AND 2014 RESERVES AND FINANCIAL AND OPERATING RESULTS

CEQUENCE ENERGY ANNOUNCES OPERATIONAL UPDATE AND 2014 RESERVES AND FINANCIAL AND OPERATING RESULTS CEQUENCE ENERGY ANNOUNCES OPERATIONAL UPDATE AND 2014 RESERVES AND FINANCIAL AND OPERATING RESULTS CALGARY, March 5, 2015 Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce

More information

Summary of Selected Financial Data (Dollar amounts in millions, except per-share amounts)

Summary of Selected Financial Data (Dollar amounts in millions, except per-share amounts) Summary of Selected Financial Data (Dollar amounts in millions, except per-share amounts) 6 Months For the twelve months ended December 31, ended June 30, 2013 2014 2015 2016 2017 RESULTS OF OPERATIONS

More information

Fourth-Quarter & Full-Year 2018 Earnings Presentation

Fourth-Quarter & Full-Year 2018 Earnings Presentation Fourth-Quarter & Full-Year 2018 Earnings Presentation Forward-Looking / Cautionary Statements This presentation, including any oral statements made regarding the contents of this presentation, contains

More information

11 Investor Relations

11 Investor Relations Fourth Quarter 2017 Table of Contents: Segment Income Summary 2 Zach Dailey 713/296-4140 Statements of Income zbdailey@marathonoil.com Balance Sheets 4 Statements of Cash Flows 5 John Reid 713/296-4380

More information

IPAA OGIS Florida February 2, 2012 Presentation (NYSE Amex: EPM)

IPAA OGIS Florida February 2, 2012 Presentation (NYSE Amex: EPM) IPAA OGIS Florida February 2, 2012 Presentation (NYSE Amex: EPM) Evolution Petroleum Corporation 1 Forward Looking Statements and Cautionary Note The data contained in this presentation that are not historical

More information

PARSLEY ENERGY ANNOUNCES FOURTH QUARTER 2018 FINANCIAL AND OPERATING RESULTS AUSTIN,

PARSLEY ENERGY ANNOUNCES FOURTH QUARTER 2018 FINANCIAL AND OPERATING RESULTS AUSTIN, NEWS RELEASE PARSLEY ENERGY ANNOUNCES FOURTH QUARTER 2018 FINANCIAL AND OPERATING RESULTS AUSTIN, Texas, February 21, 2019 Parsley Energy, Inc. (NYSE: PE) ( Parsley, Parsley Energy, or the Company ) today

More information

Third Quarter 2015 Earnings Review. Todd Stevens President & CEO Mark Smith Sr. EVP & CFO Los Angeles, CA November 5, 2015

Third Quarter 2015 Earnings Review. Todd Stevens President & CEO Mark Smith Sr. EVP & CFO Los Angeles, CA November 5, 2015 Third Quarter 2015 Earnings Review Todd Stevens President & CEO Mark Smith Sr. EVP & CFO Los Angeles, CA November 5, 2015 Forward-Looking / Cautionary Statements This presentation contains forward-looking

More information

4Q18 EARNINGS PRESENTATION. February 2019

4Q18 EARNINGS PRESENTATION. February 2019 4Q18 EARNINGS PRESENTATION February 2019 Forward-looking Statements This presentation contains projections and other forward-looking statements within the meaning of Section 27A of the U.S. Securities

More information

HEADLINES SANDRIDGE ENERGY, INC. UPDATES SHAREHOLDERS ON OPERATIONS AND REPORTS FINANCIAL RESULTS FOR FOURTH QUARTER AND FULL YEAR OF 2014

HEADLINES SANDRIDGE ENERGY, INC. UPDATES SHAREHOLDERS ON OPERATIONS AND REPORTS FINANCIAL RESULTS FOR FOURTH QUARTER AND FULL YEAR OF 2014 SANDRIDGE ENERGY, INC. UPDATES SHAREHOLDERS ON OPERATIONS AND REPORTS FINANCIAL RESULTS FOR FOURTH QUARTER AND FULL YEAR OF 2014 Oklahoma City, Oklahoma, February 26, 2015 SandRidge Energy, Inc. (NYSE:

More information

3Q 2017 Investor Update. Rick Muncrief, Chairman and CEO Nov. 2, 2017

3Q 2017 Investor Update. Rick Muncrief, Chairman and CEO Nov. 2, 2017 3Q 2017 Investor Update Rick Muncrief, Chairman and CEO Nov. 2, 2017 Recent Highlights Raising 2017 oil growth guidance from 40% to 45% year-over-year Current oil production averaging 75,000 BBL/D Increasing

More information

Tuesday, August 7,

Tuesday, August 7, NEWS ENERGEN CORPORATION 605 Richard Arrington Jr. Blvd. N. Birmingham, AL 35203-2707 For Release: 6:00 a.m. ET Contacts: Julie S. Ryland Tuesday, August 7, 2018 205.326.8421 ENERGEN PRODUCTION IN 2Q18

More information