Louisiana Energy Conference November 29, 2006
Overview <ul><li>GULF OF MEXICO E & P COMPANY </li></ul><ul><li>ESTABLISHED IN 1950  </li></ul><ul><li>LISTED (CPE) ON NYS...
Record Of Growth*  <ul><li>PRODUCTION HAS INCREASED 14% </li></ul><ul><li>CASH FLOW HAS INCREASED 56% </li></ul><ul><li>SH...
Area of Operations Productive -  Proved Reserves Undeveloped Leases SHALLOW  MIOCENE OUTER CONTINENTAL SHELF DEEPWATER
Major Producing Properties N. PADRE ISLAND 913 MOBILE 864 AREA  HIGH ISLAND 119 HABANERO MEDUSA
Mobile Block 864/952/955 Area Callon Leasehold 863 864 907 908 952 953 955 <ul><li>OPERATOR: CALLON </li></ul><ul><li>OWNE...
HI 119 3000 2950 3000 3050 3050 3000 3000 3050 High Island 119 Data courtesy of Fairfield Industries <ul><li>CURRENTLY PRO...
<ul><li>OPERATOR: CALLON </li></ul><ul><li>OWNERSHIP:  50% </li></ul><ul><li>WATER DEPTH:  160’ </li></ul><ul><li>1 ST   P...
Medusa   MISSISSIPPI CANYON  BLOCKS 538/582 <ul><li>OPERATOR: MURPHY </li></ul><ul><li>OWNERSHIP:  15% </li></ul><ul><li>W...
GARDEN BANKS BLOCK 341 Habanero <ul><li>OPERATOR: SHELL </li></ul><ul><li>OWNERSHIP:  11.25% </li></ul><ul><li>WATER DEPTH...
GOM Shelf Exploration <ul><li>8,000 SQUARE MILES OF 3-D SEISMIC DATA </li></ul><ul><li>$10 MILLION INVESTED IN PSTM SEISMI...
West Cameron 295 #2 Regional Expansion Fault WC 295 Data courtesy of Fairfield Industries WC 295 #2 <ul><li>HYDRO GOM OPER...
West Cameron 295 #3 Regional Expansion Fault WC 295 Data courtesy of Fairfield Industries WC 295 #3 <ul><li>CIMAREX OPERAT...
High Island 165 #1 Data courtesy of Fairfield Industries HI 165  #1 <ul><li>HYDRO GOM OPERATES </li></ul><ul><li>EST. 1 ST...
Louisiana Transition Zone
Louisiana Transition Zone CALLON LOUISIANA STATE AND PRIVATE TRACTS LEASED 2004-2005 Hog Bayou East Hog Bayou West Hackber...
Prairie Beach Prospect <ul><li>CALLON OPERATES; 75% WI </li></ul><ul><li>37’ NET PAY </li></ul><ul><li>1 ST  PRODUCTION 10...
Near-Term Deepwater Drilling Louisiana Mississippi Texas Alabama West Delta High Island Galveston West Cameron So. Marsh I...
815  816 859   860 903   904 772 895 815   816 Bob North Prospect Shell  “ Mensa” Field BP “ Thunder Horse”  Discovery She...
Bob North Prospect <ul><li>OWNERSHIP:  3.3% </li></ul><ul><li>WATER DEPTH:  5,500’ </li></ul><ul><li>OBJECTIVE DEPTH:  </l...
Habanero Entrada Norman Prospect Norman Prospect Concho Well
Norman Prospect LOCATION:  GB BLOCKS 434 / 435 OPERATOR: KERR-MCGEE OWNERSHIP: 5% WATER DEPTH:  2,526’ OBJECTIVE DEPTH:  1...
East Breaks / Alaminos Canyon Play NPI 913 Data courtesy of WesternGeco AC 529 AC 406 AC 178 EB 816 EB 466
<ul><li>7 HIGH BIDS AT  AUGUST LEASE SALE - $2.3MM  </li></ul><ul><li>6 PROSPECTS ACQUIRED </li></ul><ul><ul><li>500+ BCF ...
Deepwater Development Louisiana Mississippi Texas Alabama West Delta High Island Galveston West Cameron So. Marsh Island S...
Entrada  Garden Banks Block 782 <ul><li>OPERATOR: BP </li></ul><ul><li>OWNERSHIP:  20% </li></ul><ul><li>WATER DEPTH:  4,6...
Entrada Development   Magnolia TLP (Conoco/Phillips) <ul><li>PHASE I:  2-WELL SUBSEA TIEBACK TO </li></ul><ul><li>MAGNOLIA...
2005 - 2006 Drilling Success TEN DISCOVERIES TWO DEVELOPMENT WELLS
Current Production From Recent Discoveries NPI BLOCK 913 #1 WC BLOCK 295 #2 HI BLOCK 73 WC BLOCK 295 #3 BRAZOS 405 #1 HI B...
2006 Exploration Activity PROSPECT W.I. PTD SPUD DATE STATUS
<ul><li>DRILLING SUCCESS RATE 63% </li></ul><ul><li>INCREASING PRODUCTION AND CASH FLOW </li></ul><ul><li>SIGNIFICANT CRED...
Forward-Looking Statements and Reserve Estimates This presentation contains projections and other forward-looking statemen...
Upcoming SlideShare
Loading in...5
×

Louisiana Energy (Test)

906

Published on

CPE Show

Published in: Economy & Finance, Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
906
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Transcript of "Louisiana Energy (Test)"

  1. 1. Louisiana Energy Conference November 29, 2006
  2. 2. Overview <ul><li>GULF OF MEXICO E & P COMPANY </li></ul><ul><li>ESTABLISHED IN 1950 </li></ul><ul><li>LISTED (CPE) ON NYSE </li></ul><ul><li>$330 MM MARKET CAPITALIZATION </li></ul>
  3. 3. Record Of Growth* <ul><li>PRODUCTION HAS INCREASED 14% </li></ul><ul><li>CASH FLOW HAS INCREASED 56% </li></ul><ul><li>SHAREHOLDERS’ EQUITY HAS INCREASED 27% </li></ul>*CAGR 2004 – 2006 FORECAST
  4. 4. Area of Operations Productive - Proved Reserves Undeveloped Leases SHALLOW MIOCENE OUTER CONTINENTAL SHELF DEEPWATER
  5. 5. Major Producing Properties N. PADRE ISLAND 913 MOBILE 864 AREA HIGH ISLAND 119 HABANERO MEDUSA
  6. 6. Mobile Block 864/952/955 Area Callon Leasehold 863 864 907 908 952 953 955 <ul><li>OPERATOR: CALLON </li></ul><ul><li>OWNERSHIP: 83% AVG. W.I. </li></ul><ul><li>7 WELLS </li></ul><ul><li>CURRENTLY PRODUCING </li></ul><ul><li>8 MMCF PER DAY </li></ul>Mobile Block 864 Unit Mobile Block 952 Field Mobile Block 955 Field
  7. 7. HI 119 3000 2950 3000 3050 3050 3000 3000 3050 High Island 119 Data courtesy of Fairfield Industries <ul><li>CURRENTLY PRODUCING 6 MMCFE PER DAY </li></ul><ul><li>CALLON 22.2% W.I. </li></ul><ul><li>50’ WATER DEPTH </li></ul><ul><li>3 WELLS 11,000 – 14,000 TVD </li></ul>A-1 A-3 A-2 A-3 A-2 A-1
  8. 8. <ul><li>OPERATOR: CALLON </li></ul><ul><li>OWNERSHIP: 50% </li></ul><ul><li>WATER DEPTH: 160’ </li></ul><ul><li>1 ST PROD: 3-31-06 </li></ul><ul><li>15 MMCFE/D </li></ul>N. Padre Island 913 913 -6800 -7200 -7100 X Gas Shows Transco #1 Transco #2 PN 913 #1
  9. 9. Medusa MISSISSIPPI CANYON BLOCKS 538/582 <ul><li>OPERATOR: MURPHY </li></ul><ul><li>OWNERSHIP: 15% </li></ul><ul><li>WATER DEPTH: 2,235’ </li></ul><ul><li>1 ST PRODUCTION 11/03 </li></ul><ul><li>6 WELLS </li></ul><ul><li>CURRENT PRODUCTION </li></ul><ul><ul><li>18,000 BO/D </li></ul></ul><ul><ul><li>18.6 MMCF/D </li></ul></ul>
  10. 10. GARDEN BANKS BLOCK 341 Habanero <ul><li>OPERATOR: SHELL </li></ul><ul><li>OWNERSHIP: 11.25% </li></ul><ul><li>WATER DEPTH: 2,000’ </li></ul><ul><li>1 ST PRODUCTION: 11/03 </li></ul><ul><li>2 WELLS </li></ul><ul><li>CURRENT PRODUCTION </li></ul><ul><ul><li>7,100 BOE/D </li></ul></ul>HABANERO IS PRODUCED THROUGH SHELL’S AUGER PLATFORM
  11. 11. GOM Shelf Exploration <ul><li>8,000 SQUARE MILES OF 3-D SEISMIC DATA </li></ul><ul><li>$10 MILLION INVESTED IN PSTM SEISMIC DATA </li></ul>
  12. 12. West Cameron 295 #2 Regional Expansion Fault WC 295 Data courtesy of Fairfield Industries WC 295 #2 <ul><li>HYDRO GOM OPERATES </li></ul><ul><li>150’ NET PAY IN 2 ZONES </li></ul><ul><li>1 st PRODUCTION 4-13-06 </li></ul><ul><li>CURRENT PRODUCTION 13 MMCFE PER DAY </li></ul><ul><li>ADDITIONAL DRILLING ON BLOCK </li></ul><ul><li>20.5% W.I. </li></ul>WC 295 #2 50’ NET PAY 100’ NET PAY ANALOG PRODUCTION
  13. 13. West Cameron 295 #3 Regional Expansion Fault WC 295 Data courtesy of Fairfield Industries WC 295 #3 <ul><li>CIMAREX OPERATES </li></ul><ul><li>110’ OF NET PAY (94’ TVD) </li></ul><ul><li>1 ST PROD. 8 -12-06 </li></ul><ul><li>CURRENT PRODUCTION 10 MMCFE PER DAY </li></ul><ul><li>20.5% W.I. </li></ul>WC 295 #3
  14. 14. High Island 165 #1 Data courtesy of Fairfield Industries HI 165 #1 <ul><li>HYDRO GOM OPERATES </li></ul><ul><li>EST. 1 ST PRODUCTION 10-06 </li></ul><ul><li>CURRENT PRODUCTION 45 MMCFE PER DAY </li></ul><ul><li>16.7% W.I. </li></ul>HI 165 #1 Anadarko HI 129 #17 Producing
  15. 15. Louisiana Transition Zone
  16. 16. Louisiana Transition Zone CALLON LOUISIANA STATE AND PRIVATE TRACTS LEASED 2004-2005 Hog Bayou East Hog Bayou West Hackberry Beach Prairie Beach S. Calcasieu Pass Mud Island North Pronghorn
  17. 17. Prairie Beach Prospect <ul><li>CALLON OPERATES; 75% WI </li></ul><ul><li>37’ NET PAY </li></ul><ul><li>1 ST PRODUCTION 10-06 </li></ul><ul><li>CURRENT PRODUCTION 13 MMCFE PER DAY </li></ul>Cameron Parish, LA Coastline 60’ Net Sand WC 2 WC 3 SL 18519 #1 Data courtesy of WesternGeco SL 18519 #1
  18. 18. Near-Term Deepwater Drilling Louisiana Mississippi Texas Alabama West Delta High Island Galveston West Cameron So. Marsh Island Ship Shoal Breton Snd Mobile Main Pass Mississippi Canyon Garden Banks Ewing Bank Brazos East Breaks Alaminos Canyon BOB NORTH NORMAN MIDWAY
  19. 19. 815 816 859 860 903 904 772 895 815 816 Bob North Prospect Shell “ Mensa” Field BP “ Thunder Horse” Discovery Shell “ Ursa” Field Shell “ Princess” Shell “ Mars” Field Dominion “ Devils Tower” Discovery Drilling Unit Tubular Bells Discovery 31,131’ TD 190’ pay
  20. 20. Bob North Prospect <ul><li>OWNERSHIP: 3.3% </li></ul><ul><li>WATER DEPTH: 5,500’ </li></ul><ul><li>OBJECTIVE DEPTH: </li></ul><ul><li>20,000’ – 26,000’ </li></ul><ul><li>POTENTIAL: 400 - 800 MMBOE </li></ul><ul><li>TEMPORARILY ABANDONED </li></ul>815 859 + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + 25000 27500 30000 28750 30000 28750 33750 27500 31250 + + + + + + + + SALT + 26250 26250 772 903 860 EXPLORATORY UNIT CALLON 3% BP 30% SHELL 33% CHEV/TEX 33% 11,000 ACRE 3-WAY SALT STRUCTURE SEPTEMBER 2003 DRILLING LOCATION KEY WELL TIE MC 727 #1
  21. 21. Habanero Entrada Norman Prospect Norman Prospect Concho Well
  22. 22. Norman Prospect LOCATION: GB BLOCKS 434 / 435 OPERATOR: KERR-MCGEE OWNERSHIP: 5% WATER DEPTH: 2,526’ OBJECTIVE DEPTH: 18,500’ – 28,000’ TRAP TYPE: SUBSALT 3-WAY AGAINST BASE SALT AND WELD RESERVOIR: UPPER-MIDDLE MIOCENE SANDS POTENTIAL: 200 – 500 MMBOE CURRENTLY DRILLING
  23. 23. East Breaks / Alaminos Canyon Play NPI 913 Data courtesy of WesternGeco AC 529 AC 406 AC 178 EB 816 EB 466
  24. 24. <ul><li>7 HIGH BIDS AT AUGUST LEASE SALE - $2.3MM </li></ul><ul><li>6 PROSPECTS ACQUIRED </li></ul><ul><ul><li>500+ BCF TOTAL POTENTIAL – 35 TO 200 BCF RANGE </li></ul></ul><ul><ul><li>$12 MM – $18 MM DRILLING COST RANGE </li></ul></ul><ul><ul><li>$50 MM – $150 MM TOTAL DEVELOPMENT </li></ul></ul><ul><ul><li>COST RANGE </li></ul></ul><ul><li>LOW-RISK BRIGHT SPOT TARGETS </li></ul><ul><li>SUBSEA COMPLETIONS </li></ul><ul><ul><li>TIE-BACK TO EXISTING SHELF OR </li></ul></ul><ul><ul><li>DEEPWATER FACILITIES </li></ul></ul><ul><li>FIRST WELL EXPECTED IN 2006 </li></ul>East Breaks / Alaminos Canyon Play
  25. 25. Deepwater Development Louisiana Mississippi Texas Alabama West Delta High Island Galveston West Cameron So. Marsh Island Ship Shoal Breton Snd Mobile Main Pass Mississippi Canyon Garden Banks Ewing Bank Brazos East Breaks Alaminos Canyon ENTRADA
  26. 26. Entrada Garden Banks Block 782 <ul><li>OPERATOR: BP </li></ul><ul><li>OWNERSHIP: 20% </li></ul><ul><li>WATER DEPTH: 4,650’ </li></ul><ul><li>DISCOVERY: APRIL 2000 </li></ul><ul><li>87.5 MMBOE ROYALTY </li></ul><ul><li>RELIEF </li></ul>#1 WELL #2 WELL 4700 SAND 4800 SAND 4850 SAND 5800 SAND UNTESTED POTENTIAL
  27. 27. Entrada Development Magnolia TLP (Conoco/Phillips) <ul><li>PHASE I: 2-WELL SUBSEA TIEBACK TO </li></ul><ul><li>MAGNOLIA TLP </li></ul><ul><li>FIRST PRODUCTION 2008 </li></ul>Gas Export Line Oil Export Line Subsea Trees Entrada Control & Choke Base
  28. 28. 2005 - 2006 Drilling Success TEN DISCOVERIES TWO DEVELOPMENT WELLS
  29. 29. Current Production From Recent Discoveries NPI BLOCK 913 #1 WC BLOCK 295 #2 HI BLOCK 73 WC BLOCK 295 #3 BRAZOS 405 #1 HI BLOCK A-540 EC BLOCK 268 HI BLOCK 165 PRAIRIE BEACH EC BLOCK 109 WC BLOCK 295 #4 HI BLOCK 130 #1 PUMPKIN RIDGE 50.0% 20.5% 33.7% 20.5% 50.0% 60.0% 50.0% 16.7% 75.0% 25.0% 20.5% 16.7% 10.0% MAR 06 APR 06 APR 06 AUG 06 AUG 06 SEP 06 SEP 06 OCT 06 OCT 06 OCT 06 JAN 07 FEB 07 FEB 07 TOTAL 15.7 12.5 5.3 9.7 2.8 9.9 6.3 45.0 13.0 9.7 15.0 45.0 5.0 194.9 6.4 2.0 1.4 1.6 1.1 4.8 2.4 6.1 7.6 2.0 2.5 6.1 0.4 44.4 WELL W.I. 1 ST PROD . MMCFE/D GROSS NET
  30. 30. 2006 Exploration Activity PROSPECT W.I. PTD SPUD DATE STATUS
  31. 31. <ul><li>DRILLING SUCCESS RATE 63% </li></ul><ul><li>INCREASING PRODUCTION AND CASH FLOW </li></ul><ul><li>SIGNIFICANT CREDIT AVAILABILITY </li></ul><ul><li>BALANCED PROSPECT INVENTORY </li></ul><ul><li>HIGH IMPACT EXPLORATION PROGRAM </li></ul>Summary
  32. 32. Forward-Looking Statements and Reserve Estimates This presentation contains projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the Company’s current views with respect to future events and financial performance as of this date. No assurances can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected as a result of certain factors. Cautionary Note to Investors -- The Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as &quot;reserve potential,” that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Investors are urged to consider closely the disclosure in our Form 10-K, available from us by contacting Investor Relations, Callon Petroleum Company, 200 N. Canal Street, Natchez, MS 39120. You can also obtain this form from the SEC by calling 1-800-SEC-0330.

×