Who sells properties and leases on EnergyNet? EnergyNet Nationwide Property Sales Darker color denotes higher concentration of properties sold Over $1.5 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
Transcript
Who sells properties and leases on EnergyNet?
EnergyNet Nationwide Property Sales
Darker color denotes higher concentration of properties sold
Over $1.5 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
EnergyNet AdvantagesProven
• 45,000+ property transactions closed in 15 years • 5,000+ unique sellers (significant repeat business) • 18,000+ active qualified buyers
Creates Value for Sellers • 86% sales success rate • Exposure to the marketplace • Efficient online due diligence dissemination • Sellers choose when to sell – 140 auction closings annually
Creates Opportunity for Buyers • Easy to access standardized due diligence set • Buyers can evaluate, bid and transact from anywhere • Link to DrillingInfo embedded in due diligence • Input can be downloaded to (PHDWin, Aries, IHS, HPDI, DI)
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
12
3
45
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 $3.9 billion
Access to the Marketplace1,000 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
Chevron Case Study
Chevron EnergyNet property sales: June 2003 - Sept 2014Chevron Case Study
‣ Non-producing minerals ‣ Oil and gas leases ‣ Producing royalties and
overrides ‣ Small non-operated
working interests ‣ Larger non-operated
working interests and small operated properties
‣ Large operated packages ‣ Producing Fields
Total actual sales$260MM
Auction Lots Sold2,000+
Anticipated sale results$138MM
Darker color denotes higher concentration of properties sold
53% premium
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
‣ Take our knowledge about buyer activity (interests, purchases)
‣ Correlate to all other available industry activity and A&D data sources (well locations, drilling activity, permitting activity, organizational memberships, other published A&D and much more)
‣ Analyze and aggregate - give us visibility into the correlated data to find buyers appropriate to an asset for sale. Narrow the field, target the marketing.
‣ We close approximately 86% of all the properties we have under contract.
‣ Chevron's 250+ EnergyNet divestments over the past 48 months have a 99% close ratio.
‣ We attribute the high success rate to pro-active marketing coupled with the flexibility and convenience of our always-on system.
‣ We have access to the marketplace. We have more bidders participate, thus more competition, which gives the seller better results.
Key Take-Aways
EnergyNet Markets Your Properties
We proactively market every property to area operators, those with track records in the area, and
those who may have an interest to make sure we achieve full market exposure and the highest price
possible.
We ExecuteWe have demonstrated that the EnergyNet process is capable of selling complex operated / multi-million dollar properties for Chevron, Shell, ExxonMobil,
XTO, Total, Marathon, EnCana, Samson, EP Energy, EnerVest, Chesapeake, Devon and many more.
EnergyNet Maximizes Value Timely Sales Cycle‣ EnergyNet offers a Continuous Oil & Gas Property
Marketplace that operates 24/7/365 ‣ Sell when YOU want to
‣ Gather sale data on your schedule ‣ Sell in the market cycle you choose and not be
subject to price volatility waiting on a scheduled auction
‣ Sales are never subject to cancellation or rescheduling for the advisor’s convenience
