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Evolution Petroleum Breakout Notes

Randall D. Keys, president and CEO of Evolution Petroleum Corp., (ticker: EPM) presented today at EnerCom’s The Oil & Gas Conference® 22.

Evolution Petroleum is a Houston-based oil company that has its foundational asset in the Delhi field in northeast Louisiana. There Evolution is undertaking CO2-enhanced oil recovery operations.

During the company’s breakout session, management was asked the following questions:

  • Can you talk about the areas you already CO2 flooding? How long until the pressure will stabilize? Do you have new areas that you plan to CO2 flood?
  • Why was the dividend raised 15% last year?
  • Denbury has cut back on CO2 use in lots of fields. What impact does that have? Have you noticed significant drop-off?
  • Are there opportunities to existing flood-programs? How successful this field has been to you? Have you looked around surrounding areas, like the legacy assets?
  • Are there any secondary or tertiary project in that area of Louisiana potentially?
  • What are the sizes of the projects you talked about for future CO2 flooding in a couple of areas?
  • About the infill program in 2018, what do you expect? Just to keep production flat or you will see production increase?
  • When do you think your NGLs will be fully up?
  • Is there a target growth with your NGL plant?
  • Could you finance part of NGL plant somewhere else?
  • About Denbury, is there comment about management changes? Is there any pressure to reduce any amount of debt?
  • How much CO2 is lost when you bring in new CO2 from an outside source close by?

Evolution Petroleum presented at EnerCom’s 2017 The Oil & Gas Conference®.

You can listen to the company’s presentation by clicking here.

You can view the company’s most recent update by clicking here.

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