Enverus Home docFinder M&A Learn More Videos About Us Contact Us Register

Log In

Username (email)

Password

Remember Me Forgot Password?

or Sign Up Now!

New Search* Back to Results
Note: Only one slide is currently available because you are not currently logged in.

SandRidge Energy Inc | Q3 2013 Earnings Update | James Bennett | Page 17 of 11 | November 23, 2024

Save Email Print View in Results

toolButton prevButton nextButton prevKeyButton nextKeyButton prevKeyButton nextKeyButton byDateAscButton byDateDescButton byCompanyNameAscButton byCompanyNameDescButton hidden hidden		Document: "Q3 2013 Earnings Update" View Full Document		× Search Selection Search by Text Search Search by Slide Search Cross reference your docFinder results against PLS' extensive news archives. For demo or training contact Melwyn Oommen, melwyn.oommen@drillinginfo.com
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See Legal Disclaimer.

First Previous Zoom Next Last

17 2013 & 2014 Guidance a) Pro Forma for the divestiture of Permian assets b) EBITDA from Oilfield Services, Midstream and Other is a non-GAAP financial measure as it excludes from net income interest expense, income tax expense and depreciation, depletion and amortization. The most directly comparable GAAP measure for EBITDA from Oilfield Services, Midstream and Other is Net Income from Oilfield Services, Midstream and Other. Information to reconcile this non-GAAP financial measure to the most directly comparable GAAP financial measure is not available at this time, as management is unable to forecast the excluded items for future periods and/or does not forecast the excluded items on a segment basis c) Adjusted Net Income Attributable to Noncontrolling Interest is a non-GAAP financial measure as it excludes gain or loss due to changes in fair value of derivative contracts and gain or loss on sale of assets. The most directly comparable GAAP measure for Adjusted Net Income Attributable to Noncontrolling Interest is Net Income Attributable to Noncontrolling Interest. Information to reconcile this non-GAAP financial measure to the most directly comparable GAAP financial measure is not available at this time, as management is unable to forecast the excluded items for future periods d) As a result of the Permian divestiture, the company expects to incur cash income taxes of approximately $7 million in 2013 with a corresponding expense included in Net Income 2013 2014 2013 2014 Production Price Realizations Oil (MMBbls) 14.2 15.4 Natural Gas Liquids (MMBbls) 2013 P.F. (a) 2.2 3.9 Oil (differential below WTI) $0.50 $1.00 Total Liquids (MMBbls) 15.5 16.5 19.3 NGLs (realized % of WTI) 33% 34% Natural Gas (Bcf) 102.0 102.6 102.0 Natural Gas (differential below Henry Hub) $0.40 $0.70 Total (MMBoe) 32.5 33.6 36.3 Capital Expenditures ($ in millions) Cost per Boe Exploration and Production $1,230 $1,265 Lifting $14.50 - $16.50 $13.15 - $15.15 Land and Seismic 100 110 Production Taxes 0.95 - 1.05 0.95 - 1.15 Total Exploration and Production $1,330 $1,375 DD&A - oil & gas 17.10 - 18.90 16.80 - 18.80 Oil Field Services 10 15 DD&A - other 1.80 - 2.00 1.80 - 2.00 Midstream and Other 110 110 Total DD&A $18.90 - $20.90 $18.60 - $20.80 Total Capital Expenditures $1,450 $1,500 G&A - cash 4.00 - 4.45 2.90 - 3.20 G&A - stock 0.85 - 0.95 0.85 - 1.05 Total G&A $4.85 - $5.40 $3.75 - $4.25 EBITDA from Oilfield Services, Interest Expense $7.80 - $8.65 $7.00 - $8.00 Midstream, and Other ($MM) (b) $25 $25 Adjusted Net Income Attributable to NCI ($MM) (c) $130 $120 Corporate Tax Rate (d) 0% 0% P&A Cash Cost ($MM) $120 $60 Deferral Rate 0% 0%