2016 energynet overview 6-1-2016
TRANSCRIPT
Who sells properties and leases on EnergyNet?
EnergyNet Nationwide Property Sales
Darker color denotes higher concentration of properties sold
Over $2 Billion in total sales • More than 45,000 properties and leases sold • Over 5,000 active sellers • Industry Standard
‣ Major oil companies
‣ Large independents ‣ Universities ‣ Bank trust
departments ‣ Government
institutions
Many oil and gas companies have already embraced EnergyNet as a critical part of their
divestment process.
The EnergyNet Marketplace
2014 Sales Statistics
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2014 featured properties from these and 336 other sellers!2014Total Actual Sales
$283,717,780
Number of Properties Listed 4,552
Number of Unique Sellers 395
Number of Sale Closing Days 123
2015 Sales Statistics
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This year featured properties from these and 155 other sellers!2015
Total Actual Sales $284,650,798
Number of Properties Sold 7,001
Number of Unique Sellers 185
Number of Sale Closing Days 124
MINERALS & ROYALTIES ELEMENTALRESOURCES
ȯland ȯnergy, Inc.
FDICFederal Deposit Insurance Corporation
8 State ORRI, RI and Mineral Package
Non-Operated WI Package Ellis County, Oklahoma
Operated Package
Permian Basin
Select Transactions
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$29,250,000 $10,000,000
$12,000,000
Operated Wells McKenzie County, North
Dakota
$10,000,000
Operations and RI/MI Garza County, TexasMultiple Packages
$37,000,000 $8,000,000
Permian Basin Leasehold Acreage
Andrews and Gaines Counties, Texas
$10,000,000
Cottonwood Prospects Leasehold Acreage
Culberson and Reeves Counties, Texas
$7,100,000
Operations, Non-Producing Leasehold, ORRI & RI
Dawson, Martin, Reagan and Upton Counties, Texas
$18,000,000
Non-Operated WI Package California, Colorado, North
Dakota and Oklahoma
$17,900,000
Operated & Leasehold Package
Ector County, Texas
Operated and Non-Operated Package
Permian Basin
$34,000,000 $31,000,000 $24,500,000
Operations and Leasehold Glasscock and Martin
Counties, Texas
$21,100,000
Operated 120-Well Package
Gregg and Rusk Counties, Texas
Operated & Leasehold Package
Reagan County, Texas
$39,000,000
EnergyNet Advantages
Proven & Reliable • 45,000+ property transactions closed in 15 years • 5,000+ unique sellers (significant repeat business) • 18,000+ active qualified buyers • $2B in assets sold • High-profile Recognized Buyers and Sellers
Creates Value for Sellers • 84% Sales Success Rate • Exposure to the Marketplace • Competition for Assets • Streamlined Due Diligence Distribution • Sellers Choose When to Sell
EnergyNet AdvantagesCreates Opportunity for Buyers
• Steady Stream of Acquisition Opportunities Ready to be Purchased
• Comprehensive, Thorough, and Complete VDR
• Easy to Access Due Diligence Materials
• Buyers can Evaluate, Bid and Transact from Anywhere
• Link to DrillingInfo Embedded in VDR
• Engineering / Economic Evaluation Input Easily Downloaded
Expose your company's assets to more than 18,000 active, sophisticated, registered, accredited oil and gas investors.
Increased Participation and Competition
‣ Top 250+ Public E&P Companies
‣ Top 250+ Private E&P Companies
‣ Private Equity Backed E&P’s ‣ Upstream MLP’s ‣ Regional O&G Companies ‣ Royalty Aggregators ‣ Investor Groups ‣ High Net Worth Individuals EnergyNet Nationwide Buyer Distribution
Darker color denotes higher concentration of buyers
Who buys properties and leases on EnergyNet?Aggregate bid allowance
Over $6 billion
1,000 Buyers EnergyNet Reaches All Well Known Buyers ‣ Top 250+ Public E&P Companies
‣ Top 250+ Private E&P Companies
‣ Private Equity Backed E&P’s
‣ Upstream MLP’s
+ 17,000 Buyers EnergyNet Also Reaches All Less Known Buyers ‣ Regional O&G Companies ‣ Royalty Aggregators ‣ Investor Groups ‣ Institutions ‣ Funds ‣ High Net Worth Individuals
Access to the Marketplace
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Access To Key Companies Nationwide ExxonMobil
Chevron Shell BP
ConocoPhillips Occidental Anadarko
EOG Resources Apache
Marathon Hess
Devon Noble Energy Continental
Pioneer Chesapeake
EnCana Cabot
Statoil Southwestern
Range Murphy Concho
EQT Denbury Cimarex Freeport-McMoran Whiting
QEP Fidelity
SM Energy Energen
WPX Gulfport
Total
Newfield Ultra
Sandridge Laredo Halcon
American Energy Partners Sheridan
Unit Bonanza Creek
Exco PDC
W&T Offshore Stone
Carrizo Approach Bill Barrett Northern
Diamondback Comstock
BHP-Billiton EP Energy Resolute Enerplus Endeavor Sanchez Goodrich
RSP Permian Clayton Williams
Matador Earthstone PetroQuest
PennVirginia Callon Parsley
Contango
Gastar Bass Petroleum
XTO Energy Chief
Consol Ring Energy
Eagle Linn Energy
Repsol Breitburn Vanguard
Legacy KinderMorgan
Eclipse Antero
Lime Rock California
Resource Corp.
Merit Energy Citation Hilcorp
Enervest Walter
Samson Yates Hunt
J-W Operating Kaiser Francis
Valence Smith Production
Rice Energy Jones Energy
Oasis Petroleum Rex Energy Energy XXI Blackstone
Stepping into the RingUpCurve Energy
LLC Lola Energy
Black Mountain Oil & Gas
Rover Petroleum Rimrock Resource Partners Red Bluff Holdings
Resource Energy Partners Element
Petroleum III Balidor Oil and
Gas Terra Energy
Partners Luxe Energy
Monadnock Resources
Bison Oil and Gas Partners
Colgate Energy Partners
Percussion Petroleum LLC
PCORE II Torrent Oil & Gas
Scala Energy Rockcliff Energy Rebellion Energy Laurel Mountain Channel Energy
Banner Resources
Krewe Energy Rio Oil & Gas
Cantera Energy EXL Energy
Primary Natural Resources IV
Protege Energy Rockcliff Energy
Haymaker Minerals
Phillips Energy Partners
Tabula Rasa Partners
Invictus Energy HRM Resources
Endless Mountain Oak Ridge Energy Riverbend Oil &
Gas Panther Energy
Ameredev Bold Energy III Brigadier Oil &
Gas Advance Energy
Partners Eclipse Energy Marlin Energy
QStar Plantation Petroleum
Tracker Resources Travis Peak
PayRock EnergyQuest Jagged Peak
Tug Hill Vitruvian
Wishbone Energy Partners
Newark E&P LOGOS Resources
Talos Tanos
Renaissance Kraken Oil & Gas Atlantic Resource
Company Bright Horizon
Resources Tundra Oil & Gas
Covey Park Ursa Resource
Group Wild Wind Petroleum
Craton Energy
Juniper Resources Stanolind
Boaz Energy Windy Cove Bluestone
Trail Ridge Energy Partners
PetroEdge Saxes Minerals
Exponential Resource Crown Oil Partners
CP Exploration Battlecat Oil &
Gas Capstone Natural
Resources
EnergyNet Continuous Sales CycleWeek 1
Property Preparation / Marketing Preparation
Week 5 Closing /
Filing of Assignments
Week 2 Due Diligence / Marketing Window
Week 4 Competitive Bidding / Bid Deadline
Week 3 Due Diligence / Marketing Window
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3
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The Sum of the Parts is Greater Than the WholeChevron Case Study
‣ Producing Fields ‣ Oil and gas leases ‣ Large operated packages ‣ Larger non-operated
working interests and small operated properties
‣ Small non-operated working interests
‣ Producing Overrides ‣ Producing Royalties ‣ Non-Producing Minerals
Total actual sales$450 Million
Transactions Sold2,000+
Anticipated sales results$325 Million
Darker color denotes higher concentration of properties sold
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Broad & Targeted Marketing Campaign:EnergyNet Marketing Strategy‣ Personal Contact by Business Development to Bidders and Area Operators
‣ 18,000+ Pre-registered Bidders
‣ Highlighted Direct Website Marketing
‣ Save Search Profile Activation e-mails
‣ Direct Mail and Fax to Area Operators & Historical Buyers
‣ Weekly Email Notification to Pre-registered Bidders
‣ DrillingInfo Marketplace and Areas of Interests
‣ Press Releases to Industry Publications (A&D Watch, OG Investor, DrillingInfo, OGFJ, etc.)
‣ Targeted Marketing to Historical Buyers/Bidders/Viewers of Similar Properties
From over 54,000 contacts, Pinpoint identifies the most likely buyers, regardless of location
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Advanced platform to showcase your assets
Our advanced website displays assets and due diligence information in a uniform format, coupling the
information with mapping technology and unparalleled access to advanced research tools. Complete information
is available for the buyer to review.
What can EnergyNet do for your company?
Premier marketing servicesEnergyNet’s website listings, weekly email market
report, advanced notification techniques and advertisements in leading industry publications
reach thousands of potential buyers nationwide on your behalf.
Choose the sale method: Auction, Sealed Bid or Negotiated
Take advantage of EnergyNet’s premier marketplace and asset platform while transitioning from a traditional outcry or “hybrid” auction to a more robust continuous online auction, rapid-cycle sealed bid sale, or customized
negotiated sale. The choice is yours.
Technical and Evaluation support for property sales
EnergyNet’s expert technical and evaluation team helps identify upside and showcase the attributes of
your property package to maximize value. EnergyNet uses our internal evaluations, as well as, third-party engineering and we are flexible to meet
your company's needs.
EnergyNet ServicesEnergyNet will prepare data rooms, market properties to buyers, facilitate competitive bid marketing/sales processes, and act as closing and escrow agent for the disposition your oil and gas assets.
‣ Property Preparation ‣ Engineering and Technical Presentation of Upside ‣ Land Staff Support ‣ Scanning Hardcopy Data / Electronic Data Transfer ‣Create Custom GIS Mapping ‣Create Online Data Rooms for Each Lot ‣Creation & Delivery of Bound Data Packages & Electronic
Packages ‣ Property Marketing ‣ Facilitate Rapid-Cycle Sealed Bid Process ‣ Screen Buyers / Credit Verification ‣Closing Services / Post Sale Negotiation Services ‣Wiring / Escrow Services ‣Conveyance Documents to Seller & Buyer Recorded
Success Based Commission Includes:‣Personal Contact by Business Development to
Bidders and Area Operators ‣ 18,000+ Pre-Registered Bidders ‣Highlighted Direct Website Marketing ‣Direct Mail and Fax to Area Operators & Historical
Buyers ‣Weekly Email Notification to Pre-registered Bidders ‣Press Releases to Industry Publications (A&D
Watch, DrillingInfo, OGFJ, etc.) ‣Pinpoint - Finding the Most Likely Buyer,
Regardless of Location
Marketing Efforts Include:
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Proposal Summary
‣ EnergyNet maximizes value by driving competition ‣ Our Business Development Representatives have deep market knowledge and
an extensive buyer network ‣ EnergyNet will apply its proprietary Pinpoint technology to find the “needle in
the haystack” buyer for each asset grouping ‣ The EnergyNet marketing team will insure these lots are thoroughly-marketed
via personal phone calls, face-to-face meetings, U.S. mail, email, press releases, Drilling Info AOI’s and print media
‣ Efficient, streamlined transaction: Buyer/Seller Agreement is the PSA ‣ Ability to take advantage of a market teeming with Buyers ‣ Upon your acceptance of our proposal, EnergyNet is prepared to create
comprehensive VDRs for each asset package and begin our marketing process
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ROCKIES/WESTERN U.S.
Ryan P. [email protected]
PERMIAN BASIN
Lindsay D. [email protected]
VP-MID-CONTINENT /TX PANHANDLE
Ethan [email protected]
HOUSTON / EASTERN U.S.
Cody [email protected]
VP-PERMIAN BASIN / EAST TX / NORTH LA
Michael [email protected]
PRESIDENT
Chris [email protected]
Member FINRA. Investments in oil and gas properties involve substantial risk including the possible loss of principal. 877.351.4488 • energynet.com
VP-CORPORATE DEVELOPMENT
John [email protected]
• CONTINUOUS ONLINE AUCTION • RAPID-CYCLE SEALED BID SALES • NEGOTIATED SALES • STATE LEASE SALES