This presentation includes forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the
|
|
- Candace Dalton
- 5 years ago
- Views:
Transcription
1 CLAYTON WILLIAMS ENERGY, INC. IPAA OGIS New York Conference April 12,
2 Regulatory Statements This presentation includes forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of These statements are based on certain assumptions and analyses made by the Company in light of its experience, on general economic and business conditions and expected future developments, many of which are beyond the control of the Company. By their nature, forwardlooking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Important factors that could cause actual results to differ materially from those made in or implied by the forward-looking statements herein include, among others, risks experienced in exploration activities, the Company s ability to develop and replace reserves, the volatility of oil and natural gas prices, control by the Company s principal stockholder, uncertainty of the Company s liquidity, results of hedging transactions, uncertainties about estimates of reserves, the Company s ability to successfully integrate acquired operations into the Company s existing operations, drilling activity being less successful than expected, production variances from expectations, the availability of transportation facilities and other equipment, competition for properties, equipment, data and labor, changes in government regulation and risks associated with oil and gas drilling and production. Forward-looking statements are not guarantees of future performance and the Company's actual results, financial condition, liquidity and the development of its industry may differ materially from those indicated in or implied by such forward-looking statements. The Company s forward-looking statements speak only as of the date of such statements and the Company undertakes no obligations to update such statements. 2
3 Attendees Clayton W. Williams, Jr., President and CEO Mel G. Riggs, SVP of Finance and CFO Patti Hollums, Director of Investor Relations 3
4 Company Overview 4
5 Company Overview Headquartered in Midland, Texas Exploration, development and production in Texas, Louisiana and New Mexico Experienced team led by Clayton W. Williams, Jr. (50+ years in energy) Publicly traded since May 1993 (NASDAQ: CWEI) Proved Reserves as of 12/31/09 (SEC case): 33.6 MMBOE 62% crude oil, condensate and NGL s 82% located in oil-rich regions of the Permian Basin and Austin Chalk Market Data at March 31, 2010: Price per share: $34.98 Shares o/s: 12.1 million Market cap: $424.8 million Public float: $205.6 million 5
6 2009 Accomplishments Focused on development of oil reserves in the Permian Basin and Austin Chalk Locked-in vendor costs for 2 years Acquired control of drilling rigs (Desta Drilling) Made strategic pipe purchases at discounts to current market Protected cash flow through hedges 6
7 CWEI Core Resources Significant holdings in prime oil-producing regions Permian Basin Giddings Area 4Q 09 Avg Daily Net Production 7,021 BOE 4Q 09 Avg Daily Net Production 3,756 BOE Proved Reserves of 20 MMBOE 59% of Total Company Proved Reserves Permian Basin Midland, TX TX (Headquarters) Giddings Area Proved Reserves of 8.8 MMBOE 26% of Total Company Proved Reserves 188,000+ Net Acres 200,000+ Net Acres 7
8 Giddings Area Overview Plays include Austin Chalk, Cotton Valley, Bossier and Eagle Ford Shale Proven development success in Austin Chalk and Cotton Valley Exploration potential in Bossier and Eagle Ford formations 8
9 The Giddings Area - Exploiting Our Resources Began play drilling vertical wells in 1970 s; progressed to horizontal wells during 1990 s Pioneer and leader in horizontal drilling; more than 325 gross horizontal wells to date in the Austin Chalk In-fill drilling accelerated production and added reserves Began exploring Jurassic age formations in 1996; shot 3-D seismic; ultimate net reserves of 78 Bcf from Bossier sands Resumed exploring for Deep Bossier in 2005; 3 non-commercial wells to date, but significant potential remains; future drilling deferred for now Drilled Eagle Ford Shale well in 2010; currently evaluating production to determine economic viability 9
10 Austin Chalk Well Economics: Payout: 1.8 years; ROR: 53% (based on $80 oil and $4.50 gas) Net Reserves: 78.4 MBOE Net AFE Costs: $1.9 MM (100% WI) 100% working interest in most locations 4Q 2009 avg daily net production: 3,110 BOE Planned Activities: 30 proved and up to 50 possible in-fill development locations identified Step-out well to the southwest looks encouraging; may add up to 20 possible locations Additional secondary and tertiary water fracs available to accelerate production and add reserves Austin Chalk Development Program Eagleton Trivett #1 Burleson County, Texas Net Positions: 192,000 Net Acreage 10
11 Deep Bossier Trend Update 3 wells drilled (non-commercial) Conoco-Phillips Savell Field Encana/Leor Amoruso Field Geological data indicates nearby structure and trap potential Possible offset to Big Bill Simpson No. 1 to test top of structure in late 2010 or 2011 Big Bill Simpson No. 1 Margarita No. 1 Sunny Unit #1 Future drilling deferred until higher gas prices Continue to be optimistic about upside potential in this area Net Acreage 130,000 11
12 Permian Basin Overview 4Q 2009 Net Daily Production: 7,021 BOE 59% of year end reserves 200+ proven locations Several hundred probable & possible locations Long life reserves Primarily oil Vertical and horizontal wells Devonian, Pennsylvanian, Wolfcamp, Spraberry and San Andres Formations 4,000 11,500 foot wells Desta Drilling Rig #12 12
13 Permian Basin Clayton Williams, Jr. has roots in West Texas Had significant success in the 70 s and 80 s in Coyanosa, Vermejo, Rhoda Walker and Mi Vida fields Vast experience in both upstream & downstream operations Clajon Gas Company largest independent natural gas company in Texas before its sale in 1987 Strategic acquisition of Southwest Royalties in 2004 provided position in the Permian Basin Currently drilling in Wolfcamp/Spraberry and San Andres formations Planned operations in southeastern New Mexico 13
14 Andrews County Wolfberry Well Economics: Payout: 2.2 years; ROR: 42% (based on $80 oil and $4.50 gas) Net Reserves: 92.6 MBOE Net AFE Costs: $1.7 MM (100% WI) Current Net Daily Production: >1,500 BOE Planned Activities: Drill 104 wells in 2010 Drill 120 wells in 2011 What is a Wolfberry? A Wolfberry well is a well that commingles production from the Wolfcamp and Spraberry formations Net Positions: University Lands 6,500 (86% WI) Fee Acreage 5,600 (100% WI) Farm Out Acreage 3,200 (60% WI) 14
15 Fuhrman-Mascho Well Economics: Payout: 4 months; ROR: +100% (based on $80 oil and $4.50 gas) Net Reserves: 35.8 MBOE Net AFE Costs: $360,000 (90% WI) Planned Activities: 5 wells planned for 2010 Results to date: 37 wells currently producing approximately 600 BOE/d net 15
16 Loco Hills, New Mexico Well Economics: Payout: 21 months ROR: 66% Net Reserves: 28 MBOE Net AFE Costs: $417,000 (average WI) Planned Activities: History: 1996 Acquisition from Conoco 2000 Farm in from Phillips Petroleum Long Life Properties 25 vertical wells in Empire Field 18 in upper Yeso formation (infill drilling) 7 in lower Yeso formation (new development) 55%-100%WI Production: 4Q 09 avg daily net 400 BOE 16
17 Louisiana Overview North Louisiana 4Q 09 Avg Daily Net Production 1,755 BOE Terryville Ruston Proved Reserves of 3.2 MMBOE 9% of Total Company Proved Reserves Potential locations: 22 South Louisiana West Lake Washington 4Q 09 Avg Daily Net Production 2,295 BOE Fleur Proved Reserves of 1.2 MMBOE 4% of Total Company Proved Reserves Potential locations: 2 17
18 Whittier Main Field (Whittier, California) Abandoned by Chevron during 1991 Producing 900 BOPD before abandonment Approximately 60 MMBOE recovered prior to abandonment (gravity of 24 to 42 API) Recovery estimated at only 10% of oil in place from sandstone and shale source rock zones City of Whittier now owns mineral rights 1,280 acre lease awarded to Matrix Oil/CWEI Delineated oil zones from 800 feet to 8,000 feet 18
19 Whittier Main Field Puente Hills Whittier City 1 Mile Location of the City Lease 1280 acres in Green and Yellow Outline 19
20 Reserves & Financial Overview 20
21 Summary of proved reserves at December 31, 2009 By location Louisiana 13% Proved Reserves (MMBOE) Cotton Valley 3% Austin Chalk 23% Other 2% Permian Basin 59% 2007 By Production Mix Reserve Category 21
22 PV-10 Reserve Value December 31, 2009 ($ in millions) Avg Prices Oil $54.81 Gas $3.71 Oil $70.98 Gas $5.61 Oil $79.99 Gas $
23 2010 Exploration and Development Costs Planned for 2010 = $274.4 Million 23
24 Capitalization and Liquidity Capitalization ($ millions) December 31, /4% Senior Notes due 2013 $225.0 Secured bank credit facility, due May Total debt $395.0 Total equity Book capitalization $607.3 Liquidity ($ millions) December 31, 2009 Capacity Drawn Revolving credit facility $250.0 $170.0 Letters of credit 0.8 $170.8 Liquidity $
25 Summary of Operations (Dollars in millions, except per unit) EBITDAX.$ E $ Cash flow from operations. $ $ Production: Oil and NGL (MBbls).. 3,105 3,445 Natural gas (MMcf) 15,949 12,729 Total production (MBOE) 5,763 5,566 Operating metrics per BOE: Lease operations $ $ DD&A. $ $ G&A $ 3.59 $ Proved developed producing reserves (MBOE): Beginning of period. Additions.. Production.. End of period. Reserve replacement ratio ,754 9,620 (5,566) 31, % 25
26 Production Data 1, , Q 2010E 4Q 2010E MBOE 1,000 1, , Q 2010E 2Q 2010E Base Production Drilling Production 26
27 Summary of Hedges as of March 31, 2010 Swaps: Oil Bbls Production Period: 1st Quarter ,000 2nd Quarter ,000 3rd Quarter ,000 4th Quarter , ,656,000 3,860,000 Gas Price $76.70 $76.60 $76.40 $76.24 $84.38 MMBtu (a) 2,280,000 1,830,000 1,750,000 1,680,000 6,420,000 13,960,000 Price $6.80 $6.80 $6.80 $6.80 $7.07 (a) One MMBtu equals one Mcf at a Btu factor of 1,
28 Why Invest in CWEI? Focused on oil with reserves 62% oil at year end 2009; projected to grow to 70% by end of 2010 Capital budget for 2010 is 97% development drilling Stock currently trades at approximately 2 times 2010 projected cash flow With only 12.1 million shares outstanding, the Company offers a very attractive risk-reward profile 28
29 Appendix 29
30 Summary of Historical Financials Year ended December 31, ($ millions) Operations: Total revenue Growth % Cash Flow from Operations Margin % Capital Expenditures (a) $ % $ % $230.7 $ % $ % $372.7 $ % $ % $138.3 Balance sheet: Cash Long-term debt (b) Total equity Book capitalization $12.3 $452.7 $160.8 $613.5 $41.2 $366.0 $320.3 $686.3 $14.0 $395.0 $212.3 $607.3 (a) Oil and Gas Producing Activities (b) Includes Current Maturities 30
31 Cash Flow from Operations ($ in millions) $500 $382.0 $400 $300 $234.9 $200 $104.7 $100 $
32 Total Debt ($ in millions) $500.0 $452.7 $395.0 $366.0 $400.0 $300.0 $200.0 $100.0 $
33 Capital Expenditures ($ in millions) $400 $372.7 $300 $274.4 $230.7 $200 $138.3 $100 $ E 33
34 Production (MBOE) 7,000 5,982 6,226 5,763 6,000 5,566 5,000 4,000 3,000 2,000 1, E 34
35 2010 Guidance (a) Excludes amounts derived from Desta Drilling 35
36 Coverage Ratios 36
37 Computation of EBITDAX (a) EBITDAX represents income (loss) from continuing operations before noncontrolling interest, interest expense, income taxes, exploration costs, gain/loss on sales of assets and impairment of inventory, and non-cash items in our statement of operations, including depreciation, depletion and amortization, impairment of property and equipment, accretion of abandonment obligations, non-cash employee compensation and unrealized gain/loss on derivatives. EBITDAX provides useful information to investors as a measure commonly used by debt holders, industry analysts, lenders, ratings agencies and financial statement users to determine the ability of an entity to meet its interest obligations. EBITDAX calculations may vary among entities, so our computation of EBITDAX may not be comparable to EBITDAX or similar measures of other entities. EBITDAX is not a measure calculated in accordance with generally accepted accounting principles (GAAP). EBITDAX is reconciled to income (loss) from continuing operations as shown in the table above. Our EBITDAX measure should not be considered an alternative to net income, income before taxes, cash flows from operating activities, or any other measure of financial performance presented in accordance with GAAP. 37
38 38
CLAYTON WILLIAMS ENERGY, INC. IPAA OGIS New York Conference April 20, 2009
CLAYTON WILLIAMS ENERGY, INC. IPAA OGIS New York Conference April 20, 2009 1 Regulatory Statements This presentation includes forward-looking statements within the meaning of section 27A of the Securities
More informationFirst Quarter 2011 Investor Update
First Quarter 2011 Investor Update FINANCIAL & OPERATING RESULTS MAY 4, 2011 Forward-looking statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities
More informationCentennial Resource Development Announces Full Year 2017 Results, 2017 Year-End Reserves, 2018 Guidance and Increases 2020 Oil Production Target
Centennial Resource Development Announces Full Year 2017 Results, 2017 Year-End Reserves, 2018 Guidance and Increases 2020 Oil Production Target DENVER, CO, February 26, 2018 (GLOBE NEWSWIRE) - Centennial
More informationDiamondback Energy, Inc.
Management Travis Stice, President and CEO Teresa Dick, CFO Jeffrey White, VP Operations Michael Hollis, VP Drilling Randall Holder, VP & Gen Counsel www.diamondbackenergy.com EPG Commentary by Dan Steffens
More informationCentennial Resource Development Announces First Quarter 2018 Financial and Operational Results
Centennial Resource Development Announces First Quarter 2018 Financial and Operational Results DENVER, CO, May 8, 2018 (GLOBE NEWSWIRE) - Centennial Resource Development, Inc. ( Centennial or the Company
More informationCentennial Resource Development Announces First Quarter 2018 Financial and Operational Results
Centennial Resource Development Announces First Quarter 2018 Financial and Operational Results DENVER, CO, May 8, 2018 (GLOBE NEWSWIRE) - Centennial Resource Development, Inc. ( Centennial or the Company
More informationPARSLEY ENERGY ANNOUNCES FIRST QUARTER 2017 FINANCIAL AND OPERATING RESULTS; RAISES PRODUCTION GUIDANCE AND LOWERS UNIT COST ESTIMATES
NEWS RELEASE PARSLEY ENERGY ANNOUNCES FIRST QUARTER 2017 FINANCIAL AND OPERATING RESULTS; RAISES PRODUCTION GUIDANCE AND LOWERS UNIT COST ESTIMATES AUSTIN, Texas, May 4, 2017 Parsley Energy, Inc. (NYSE:
More informationHoward Weil Energy Conference
Howard Weil Energy Conference Brent Smolik Chairman, President and Chief Executive Officer EP Energy Corporation March 26, 2014 Forward Looking Statements This March 26, 2014 presentation includes certain
More informationDiamondback Energy, Inc. Announces Second Quarter 2018 Financial and Operating Results and Announces Accretive Acquisition
Announces Second Quarter 2018 Financial and Operating Results and Announces Accretive Acquisition August 8, 2018 MIDLAND, Texas, Aug. 08, 2018 (GLOBE NEWSWIRE) -- (NASDAQ:FANG) ( Diamondback or the Company
More informationFOR IMMEDIATE RELEASE PLEASE CONTACT: Paul F. Blanchard Jr Website: Aug. 7, 2017
FOR IMMEDIATE RELEASE PLEASE CONTACT: Paul F. Blanchard Jr. 405.948.1560 Website: www.panhandleoilandgas.com Aug. 7, 2017 PANHANDLE OIL AND GAS INC. REPORTS FISCAL THIRD QUARTER AND NINE MONTHS 2017 RESULTS
More informationPARSLEY ENERGY ANNOUNCES FOURTH QUARTER 2017 FINANCIAL AND OPERATING RESULTS; ANNOUNCES OFFICER PROMOTIONS AUSTIN,
NEWS RELEASE PARSLEY ENERGY ANNOUNCES FOURTH QUARTER 2017 FINANCIAL AND OPERATING RESULTS; ANNOUNCES OFFICER PROMOTIONS AUSTIN, Texas, February 21, 2018 Parsley Energy, Inc. (NYSE: PE) ( Parsley, Parsley
More informationQ 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 informationInvestor Presentation HOWARD WEIL ENERGY CONFERENCE MARCH 2015
Investor Presentation HOWARD WEIL ENERGY CONFERENCE MARCH 2015 Forward-Looking Statements and Other Disclaimers This presentation contains forward-looking statements within the meaning of Section 27A of
More informationFOR IMMEDIATE RELEASE PLEASE CONTACT: Paul F. Blanchard Jr Website: Aug. 6, 2018
FOR IMMEDIATE RELEASE PLEASE CONTACT: Paul F. Blanchard Jr. 405.948.1560 Website: www.panhandleoilandgas.com Aug. 6, 2018 PANHANDLE OIL AND GAS INC. REPORTS FISCAL THIRD QUARTER 2018 AND NINE MONTHS RESULTS
More informationCentennial Resource Development Announces Third Quarter 2018 Financial and Operational Results
Centennial Resource Development Announces Third Quarter 2018 Financial and Operational Results DENVER, CO, November 5, 2018 (GLOBE NEWSWIRE) - Centennial Resource Development, Inc. ( Centennial or the
More informationPARSLEY 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 informationCORRECTED: Diamondback Energy, Inc. Announces Second Quarter 2017 Financial and Operating Results
August 1, 2017 CORRECTED: Announces Second Quarter 2017 Financial and Operating Results MIDLAND, Texas, Aug. 01, 2017 (GLOBE NEWSWIRE) -- (NASDAQ:FANG) ("Diamondback" or the "Company") today announced
More informationIPAA 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 informationLAREDO PETROLEUM ANNOUNCES 2014 THIRD-QUARTER FINANCIAL AND OPERATING RESULTS
15 West 6 th Street, Suite 900 Tulsa, Oklahoma 74119 (918) 513-4570 Fax: (918) 513-4571 www.laredopetro.com LAREDO PETROLEUM ANNOUNCES 2014 THIRD-QUARTER FINANCIAL AND OPERATING RESULTS TULSA, OK November
More informationLAREDO PETROLEUM ANNOUNCES 2014 FIRST-QUARTER FINANCIAL AND OPERATING RESULTS
15 West 6 th Street, Suite, 900 Tulsa, Oklahoma 74119 (918) 513-4570 Fax: (918) 513-4571 www.laredopetro.com LAREDO PETROLEUM ANNOUNCES 2014 FIRST-QUARTER FINANCIAL AND OPERATING RESULTS TULSA, OK May
More informationAbraxas 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 informationInvestor Presentation J.P. Morgan Global High Yield and Leveraged Finance Conference FEBRUARY 2016
Investor Presentation J.P. Morgan Global High Yield and Leveraged Finance Conference FEBRUARY 2016 Forward-Looking Statements and Other Disclaimers This presentation contains forward-looking statements
More informationRSP Permian, Inc. Announces First Quarter 2014 Financial and Operating Results
News Release RSP Permian, Inc. Announces First Quarter 2014 Financial and Operating Results Dallas, Texas May 13, 2014 RSP Permian, Inc. ( RSP or the Company ) (NYSE: RSPP) today announced financial and
More informationDiamondback Energy, Inc. Announces Fourth Quarter and Full Year 2018 Financial and Operating Results
Announces Fourth Quarter and Full Year 2018 Financial and Operating Results February 19, 2019 MIDLAND, Texas, Feb. 19, 2019 (GLOBE NEWSWIRE) -- (NASDAQ: FANG) ( Diamondback or the Company ) today announced
More informationAbraxas Petroleum. Corporate Update. May Raven Rig #1; McKenzie County, ND
Abraxas Petroleum Corporate Update May 2017 Raven Rig #1; McKenzie County, ND Forward-Looking Statements The information presented herein may contain predictions, estimates and other forward-looking statements
More informationINVESTOR 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 informationCARRIZO OIL & GAS, INC.
News PRESS RELEASE Contact: Jeffrey P. Hayden, CFA, VP - Investor Relations (713) 328-1044 David L. Pitts, Chief Financial Officer (713) 328-1000 CARRIZO OIL & GAS, INC. ANNOUNCES STRONG FOURTH QUARTER
More informationThird Quarter 2018 Earnings Presentation
Third Quarter 2018 Earnings Presentation November 13, 2018 Stephen I. Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
More informationPermian Basin Oil & Liquids Focus. IPAA OGIS New York
Permian Basin Oil & Liquids Focus IPAA OGIS New York April 16-17, 2012 Safe Harbor Disclosure This presentation contains statements expressing expectations of future plans, objectives, and performance
More informationTotal production of 68,328 Boe/d, 9% above the fourth quarter of 2017 and 6% above the third quarter of 2018
News PRESS RELEASE Contact: Jeffrey P. Hayden, CFA, VP - Investor Relations (713) 328-1044 Kim Pinyopusarerk, Manager - Investor Relations (713) 358-6430 CARRIZO OIL & GAS ANNOUNCES FOURTH QUARTER AND
More informationUNITED 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 informationSM ENERGY REPORTS YEAR-END 2018 RESULTS AND 2019 OPERATING PLAN REALIZING VALUE CREATION FROM TOP TIER EXECUTION
News Release SM ENERGY REPORTS YEAR-END 2018 RESULTS AND 2019 OPERATING PLAN REALIZING VALUE CREATION FROM TOP TIER EXECUTION Denver, CO February 20, 2019 - SM Energy Company ("SM Energy" or the Company
More informationJefferies 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 informationHEADLINES. 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 informationAdjusted net income attributable to common shareholders of $26.7 million, or $0.33 per diluted share, and Adjusted EBITDA of $132.
News PRESS RELEASE Contact: Jeffrey P. Hayden, CFA, VP - Investor Relations (713) 328-1044 Kim Pinyopusarerk, Manager - Investor Relations (713) 358-6430 CARRIZO OIL & GAS ANNOUNCES THIRD QUARTER RESULTS
More informationPARSLEY ENERGY ANNOUNCES SECOND QUARTER 2018 FINANCIAL AND OPERATING RESULTS; RAISES PRODUCTION GUIDANCE AND LOWERS UNIT COST ESTIMATES
NEWS RELEASE PARSLEY ENERGY ANNOUNCES SECOND QUARTER 2018 FINANCIAL AND OPERATING RESULTS; RAISES PRODUCTION GUIDANCE AND LOWERS UNIT COST ESTIMATES AUSTIN, Texas, August 7, 2018 Parsley Energy, Inc. (NYSE:
More informationCommentary by Dan Steffens
Management William D Sullivan, Chairman Jay D Ottoson, President & CEO Wade Pursell, CFO www.sm-energy.com Commentary by Dan Steffens (SM) reported solid operating results in the first quarter of 2016
More informationHarvest Oil & Gas Announces Second Quarter 2018 Results and Divestitures of Central Texas and Karnes County Properties
Harvest Oil & Gas Announces Second Quarter 2018 Results and Divestitures of Central Texas and Karnes County Properties HOUSTON, August 21, 2018 (Globe Newswire) -- Harvest Oil & Gas Corp. ( Harvest or
More informationFOR IMMEDIATE RELEASE PLEASE CONTACT: Paul F. Blanchard Jr Website: Dec. 12, 2017
FOR IMMEDIATE RELEASE PLEASE CONTACT: Paul F. Blanchard Jr. 405.948.1560 Website: www.panhandleoilandgas.com Dec. 12, 2017 PANHANDLE OIL AND GAS INC. REPORTS FOURTH QUARTER AND FISCAL 2017 RESULTS AND
More informationTuesday, 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 informationInvestor Presentation Bank of America Merrill Lynch Energy Credit Conference JUNE 2017
Investor Presentation Bank of America Merrill Lynch Energy Credit Conference JUNE 207 Forward-Looking Statements and Other Disclaimers This presentation contains forward-looking statements within the meaning
More informationBlack 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 informationQuarterly Update 1Q17 MAY 3, 2017
Quarterly Update Q7 MAY 3, 207 Forward-Looking Statements and Other Disclaimers This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 933 and
More informationEnerCom 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 informationCallon Petroleum Company Announces First Quarter 2017 Results
Exhibit 99.1 Callon Petroleum Company Announces First Quarter 2017 Results Natchez, MS (May 2, 2017) - Callon Petroleum Company (NYSE: CPE) ( Callon or the Company ) today reported results of operations
More information1 st Quarter Earnings Call and Operational Update. April 30, 2014
1 st Quarter Earnings Call and Operational Update April 30, 2014 Forward Looking Statements - Cautionary Language Except for historical information contained herein, statements in this presentation, including
More informationPanhandle Oil and Gas Inc.
PHX LISTED NYSE Panhandle Oil and Gas Inc. FORWARD-LOOKING STATEMENTS AND RISK FACTORS This presentation contains projections and other forward-looking statements within the meaning of Section 27A of the
More informationUNITED 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 informationPanhandle Oil and Gas Inc.
PHX LISTED NYSE 1 Panhandle Oil and Gas Inc. FORWARD-LOOKING STATEMENTS AND RISK FACTORS This presentation contains projections and other forward-looking statements within the meaning of Section 27A of
More informationPanhandle Oil and Gas Inc.
PHX LISTED NYSE 1 Panhandle Oil and Gas Inc. FORWARD-LOOKING STATEMENTS AND RISK FACTORS This presentation contains projections and other forward-looking statements within the meaning of Section 27A of
More informationSandRidge 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(OTCQX: VYEY) A Public Pure Play Permian Basin Company
(OTCQX: VYEY) A Public Pure Play Permian Basin Company September 2014 Forward-Looking and Cautionary Statements This presentation contains forward-looking statements within the meaning of Section 21E of
More informationConcho Resources Inc. Reports Fourth Quarter and Full-Year 2014 Results
NEWS RELEASE Concho Resources Inc. Reports Fourth Quarter and Full-Year 2014 Results 2/25/2015 MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE:CXO) (the Company or Concho ) today reported
More informationPanhandle Oil and Gas Inc. - PHX
PHX LISTED NYSE 1 Panhandle Oil and Gas Inc. - PHX FORWARD-LOOKING STATEMENTS AND RISK FACTORS This presentation contains projections and other forward-looking statements within the meaning of Section
More informationLouisiana 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 informationForward Looking Statements
November 6, 2009 Forward Looking Statements This document contains forward looking statements. All statements other than statements of historical facts included in this document, including but not limited
More informationInvestor Presentation SEPTEMBER 2017
Investor Presentation SEPTEMBER 207 Forward-Looking Statements and Other Disclaimers This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 933
More informationDahlman 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 informationInvestor Presentation NOVEMBER 2017
Investor Presentation NOVEMBER 207 Forward-Looking Statements and Other Disclaimers This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 933
More informationCARRIZO OIL & GAS, INC. ANNOUNCES FIRST QUARTER RESULTS AND INCREASES 2016 PRODUCTION GUIDANCE
News PRESS RELEASE Contact: Jeffrey P. Hayden, CFA, VP - Investor Relations (713) 328-1044 Kim Pinyopusarerk, Manager - Investor Relations (713) 358-6430 CARRIZO OIL & GAS, INC. ANNOUNCES FIRST QUARTER
More informationInvestor Presentation February 2014
Investor Presentation February 2014 Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
More information2016 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 information2015 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 informationFEBRUARY EARNINGS PRESENTATION
FEBRUARY 2018 2017 EARNINGS PRESENTATION Certain Disclosures Forward Looking Statements This presentation contains forward-looking statements. These forward-looking statements can be identified by use
More informationNews Release For Further Information Contact: David J. Streit (713) Neel Panchal (713) W. John Wagner (713)
EOG Resources, Inc. P.O. Box 4362 Houston, TX 77210-4362 News Release For Further Information Contact: Investors David J. Streit (713) 571-4902 Neel Panchal (713) 571-4884 W. John Wagner (713) 571-4404
More information2018 RESULTS & 2019 OPERATING PLAN
2018 RESULTS & 2019 OPERATING PLAN FEBRUARY 20, 2019 PLEASE READ THIS PRESENTATION MAKES REFERENCE TO: Forward-looking statements This presentation contains forward-looking statements within the meaning
More informationNYSE:CRK. Second Quarter 2018 Results
NYSE:CRK Second Quarter 2018 Results This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
More informationOne Step Ahead of The Drill Bit
One Ahead of The Drill Bit April 2014 NYSE MKT: NOG Statements made by representatives of Northern Oil and Gas, Inc. ( Northern or the Company ) during the course of this presentation that are not historical
More informationConcho Resources Inc. Reports Third Quarter 2017 Results
Press Release Concho Resources Inc. Reports Third Quarter 2017 Results Midland, Texas, October 31, 2017 Concho Resources Inc. (NYSE: CXO) (the Company or Concho ) today reported financial and operating
More informationSecond Quarter 2017 Earnings Presentation
Second Quarter 2017 Earnings Presentation August 9, 2017 Investor Presentation November 2016 Nasdaq Ticker: PVAC Forward Looking and Cautionary Statements Certain statements contained herein that are not
More informationClayton Williams Energy, Inc.
Clayton Williams Energy, Inc. Annual Report 2007 COMPANY PROFILE Clayton Williams Energy, Inc. (stock symbol CWEI) is an independent exploration and production company that develops and produces oil and
More information3Q Quarterly Update. October 30, 2018
3Q 2018 Quarterly Update October 30, 2018 Forward-Looking Statements and Other Disclaimers Forward-Looking Statements and Cautionary Statements The foregoing contains forward-looking statements within
More informationSM ENERGY REPORTS 2016 RESULTS AND 2017 OPERATING PLAN: DRIVING GROWTH FROM TOP TIER ASSETS
News Release FOR IMMEDIATE RELEASE February 22, 2017 SM ENERGY REPORTS 2016 RESULTS AND 2017 OPERATING PLAN: DRIVING GROWTH FROM TOP TIER ASSETS Denver, Colorado February 22, 2017 - SM Energy Company ("SM
More informationEQT REPORTS SECOND QUARTER 2014 EARNINGS
EQT REPORTS SECOND QUARTER 2014 EARNINGS Reiterates full-year production volume guidance PITTSBURGH, PA (July 24, 2014) -- EQT Corporation (NYSE: EQT) today announced second quarter 2014 net income attributable
More informationEarnings Call Presentation May 2015
Earnings Call Presentation May 2015 1 FORWARD LOOKING STATEMENTS Headquartered: Houston, Texas ( NYSE : ) Certain statements in this presentation regarding future expectations and plans for future activities
More informationIPAA Oil and Gas Investment Symposium
IPAA Oil and Gas Investment Symposium Investor Presentation April 9-10, 2018 Nasdaq Ticker: PVAC November 2016 Forward Looking and Cautionary Statements Certain statements contained herein that are not
More informationInvestor 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 informationEnerCom s The Oil & Services Conference. February 20, 2013
EnerCom s The Oil & Services Conference February 20, 2013 Overview of Operations 16 Bakken Tulsa based diversified energy company incorporated in 1963 Integrated approach to business allows Unit to balance
More informationAntero Resources Reports Second Quarter 2017 Financial and Operational Results and Increases 2017 Production Guidance
NEWS RELEASE Antero Resources Reports Second Quarter 2017 Financial and Operational Results and Increases 2017 Production Guidance 8/2/2017 DENVER, Aug. 2, 2017 /PRNewswire/ -- Antero Resources Corporation
More informationCallon Petroleum Company (Exact Name of Registrant as Specified in Its Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For The Quarterly Period Ended
More informationAbraxas Caprito 98 #201H; Ward Cty., TX
Abraxas Caprito 98 #201H; Ward Cty., TX Abraxas Petroleum Corporation August 2018 Forward-Looking Statements The information presented herein may contain predictions, estimates and other forward-looking
More informationTudor Pickering Holt & Co. Hotter N Hell Energy Conference June 20-22, 2017
Tudor Pickering Holt & Co Hotter N Hell Energy Conference June 20-22, 2017 Forward-Looking / Cautionary Statements This presentation, including any oral statements made regarding the contents of this presentation,
More informationGulfport 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 informationConcho Resources Inc. Reports Third-Quarter 2018 Results
Press Release Concho Resources Inc. Reports Third-Quarter 2018 Results Exceeds Production Guidance Provides Outlook for 2019 and 2020 Announces Plan to Initiate Dividend Midland, Texas, October 30, 2018
More informationParsley Energy Overview
INVESTOR PRESENTATION September 2016 Parsley Energy Overview Investment Summary Premier Acreage Position (2) Leading growth profile Robust returns Strategic acquirer Strong financial position Abundant
More information1Q18 EARNINGS OUTSTANDING EXECUTION
1Q18 EARNINGS OUTSTANDING EXECUTION MAY 3, 2018 PLEASE READ THIS PRESENTATION MAKES REFERENCE TO: Forward-looking statements This presentation contains forward-looking statements within the meaning of
More informationEQT REPORTS SECOND QUARTER 2018 RESULTS Board authorizes $500 million share repurchase program
EQT REPORTS SECOND QUARTER 2018 RESULTS Board authorizes $500 million share repurchase program PITTSBURGH (July 26, 2018) -- EQT Corporation (NYSE: EQT) today announced financial and operational performance
More informationSandRidge Energy, Inc. Reports Financial and Operational Results for Third Quarter of 2017
SandRidge Energy, Inc. Reports Financial and Operational Results for Third Quarter of 2017 Oklahoma City, Oklahoma, November 1, 2017 SandRidge Energy, Inc. (the Company or SandRidge ) (NYSE:SD) today announced
More informationDahlman 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 informationQUARTERLY ACTIVITIES REPORT 4 RD QTR 2018
Freedom Oil & Gas Ltd ( FDM, Freedom, and Company ) is pleased to provide its quarterly activities report for the quarter ended December 31, 2018 Freedom Oil and Gas Ltd ACN: 128 429 158 ASX: FDM, US OTC:
More informationFOR IMMEDIATE RELEASE PLEASE CONTACT: Michael C. Coffman Website: Dec. 12, 2016
FOR IMMEDIATE RELEASE PLEASE CONTACT: Michael C. Coffman 405.948.1560 Website: www.panhandleoilandgas.com Dec. 12, 2016 PANHANDLE OIL AND GAS INC. REPORTS FOURTH QUARTER AND FISCAL 2016 FINANCIAL RESULTS
More informationCallon Petroleum Company (Exact Name of Registrant as Specified in Its Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For The Quarterly Period Ended
More informationAbraxas 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 informationCredit Suisse rd Annual Energy Summit
Credit Suisse 2018 23 rd Annual Energy Summit Forward-Looking Statements and Risk Factors Statements made in this presentation that are not historical facts are forward-looking statements. These statements
More informationRBC Capital Markets Global Energy & Power Conference. June 7, 2017
RBC Capital Markets Global Energy & Power Conference June 7, 2017 Cautionary Statement Regarding Forward-Looking Statements This presentation includes certain forward-looking statements and projections
More informationFirst Quarter 2018 Supplemental Presentation
First Quarter 2018 Supplemental Presentation Forward-Looking Statements and Risk Factors Statements made in this presentation that are not historical facts are forward-looking statements. These statements
More informationForestar Investor Presentation
Forestar Investor Presentation IPAA OGIS New York April 2013 Building Momentum By Accelerating Value Realization, Optimizing Transparency and Growing Net Asset Value Notice To Investors This presentation
More informationCorporate Presentation December 2017
Corporate Presentation December 2017 Forward-Looking / Cautionary Statements This presentation, including any oral statements made regarding the contents of this presentation, contains forward-looking
More informationCHESAPEAKE ENERGY CORPORATION REPORTS FINANCIAL AND OPERATIONAL RESULTS FOR THE 2010 THIRD QUARTER
FOR IMMEDIATE RELEASE NOVEMBER 3, 2010 CHESAPEAKE ENERGY CORPORATION REPORTS FINANCIAL AND OPERATIONAL RESULTS FOR THE 2010 THIRD QUARTER Company Reports 2010 Third Quarter Net Income to Common Stockholders
More informationInvestor Update. June 2015
Investor Update June 2015 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