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.

Vanguard Natural Resources LLC | Acquisition of Eagle Rock Energy Partners LP | Scott W. Smith | Page 4 of 11 | November 21, 2024

Save Email Print View in Results

toolButton prevButton nextButton prevKeyButton nextKeyButton prevKeyButton nextKeyButton byDateAscButton byDateDescButton byCompanyNameAscButton byCompanyNameDescButton hidden hidden		Document: "Acquisition of Eagle Rock Energy Partners LP" 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

? Publicly traded upstream MLP formed in May 2006 (NASDAQ: EROC) based in Houston, TX ? Owns operated and non-operated wells located in four significant regions: Mid-Continent, Alabama, Permian and East Texas/South Texas/Mississippi ? 318 Bcfe of estimated net proved reserves as of December 31, 2014 ? Reserves commodity mix: 53% gas, 21% oil and 26% NGL Eagle Rock Energy Partners, L.P. Overview 4 (1) Market data based on 5/21/2015 unit price of $2.45. Net debt includes $73 million of ETP unit value. (2) Reserves based on 12/31/14 SEC reserve report. 12 year R/P ratio based of 2014YE reserves / LTM production as of 3/31/15. Asset Profile(2) Mid-Continent Region ? Key producing areas: Golden Trend, Cana (Woodford), Springer, Verden field, Granite Wash, Cleveland, Arkoma ? Acreage: 150,314 net acres (97% HBP) ? 307 operated / 1,059 non-operated wells (84% / 8% WI, respectively) ? Proved reserves: 226.9 Bcfe (37% liquids) Gulf Coast Region (Includes Alabama and East Texas/South Texas/Mississippi, or “ETX/STX/MS”) ? Key producing areas: Big Escambia Creek, Flomaton, Fanny Church, Smackover formation, Jourdanton field, Atascosa county ? Acreage: 59,012 gross (29,653 net) acres ? 63 operated / 105 non-operated wells ? Proved reserves: 69.7 Bcfe (74% liquids) Permian Region ? Key producing areas: Ward, Pecos and Crane counties ? Acreage: 22,666 net acres (96% HBP) ? 191 operated / 53 non-operated wells ? Proved reserves: 21.7 Bcfe (66% liquids) Capitalization Table(1) ( $ i n m i l l i o n s ) E q u it y M a r k e t C a p it a liz a t io n $375 N e t D e b t 140 E n t e r p r is e V a lu e 515 Key Statistics(2) Mid-Continent ? Key producing areas: Golden Trend, Cana (Woodford), Springer, Verden field, Granite Wash, Cleveland, Arkoma ? Acreage: 150,314 net acres (97% HBP) ? 307 operated / 1,059 non-operated wells (84% / 8% WI, respectively) ? Proved reserves: 226.9 Bcfe (37% liquids) Alabama ? Key fields: Big Escambia Creek, Flomaton, Fanny Church ? Acreage: 13,971 gross (10,741 net) acres ? 22 operated / 3 non-operated wells ? Proved reserves: 49.9 Bcfe (79% liquids) Permian ? Key producing areas: Ward, Pecos and Crane counties ? Acreage: 22,666 net acres (96% HBP) ? 191 operated / 53 non-operated wells ? Proved reserves: 21.7 Bcfe (66% liquids) ETX / STX / MS ? Key producing areas: Smackover formation, Jourdanton field, Atascosa county ? Acreage: 18,371 net acres ? 41 operated / 102 non-operated wells (87% / 2% WI, respectively) ? Proved reserves: 19.4 Bcfe (62% liquids) P r o v e d R e s e r v e s ( B c f e ) 318 % P r o v e d De v e l o p e d 78% Q 1 2 0 1 5 P r o d u c t io n ( M M c f e / d ) 7 9 . 7 T o t a l P r o v e d R e s e r v e L if e ( R / P ) 1 2 . 0 x Escambia- Alabama, Redman = ETX/STX/MS, Stanolind = Permian, Crow Creek = Mid-Continent Note: Proved and probable reserves as of 12/31/14 based on SEC pricing. (1) Based on 1Q15 Production. (2) Well count based on gross operated and gross non- operated wells. Mid-Continent Region Permian Region Gulf Coast Region 12 years