Midland Houston In Alliance With 1
Riviera-Ensley Energy Advisors and NuTech Energy Alliance An Alliance that provides our clients the technical services needed to enhance their Acquisition or Divestiture. 2
Riviera-Ensley Energy Advisors and NuTech Energy Alliance Riviera Ensley Energy Advisors Providing Acquisition and Divestiture Services to the Oil and Gas Industry for 20 years Staffed with Engineers, Technicians and Geologists with over 100 years of combined experience NuTech Energy Alliance Advanced Petrophysical Analysis and Completion Engineering Complete Reservoir Analysis and Complex 3D Geological Modeling 3
Overview of Riviera Ensley Energy Advisors
Riviera Ensley Energy Advisors In April 2010, Riviera Ensley Energy Advisors was formed through the merger of Riviera Energy Corporation and the transaction-advisory services of Ensley Properties, Inc. NuTech Energy strengthens the alliance by providing state of the art petrophysical analyses to complete the full suite of services offered. A & D CONSULTING TRANSITION FACILITATION PACKAGING & MARKETING ENGINEERING & EVALUATIONS Full service acquisition and divestiture technical consulting Seasoned staff of petroleum engineers and geologists provide indepth property analysis. Professional advice and service throughout the entire transaction process Personal involvement from initiation to closing Alliance with NuTech Energy provides third party evaluation and extensive petrophysical analyses capabilities 5
Our Company and Services EXPERIENCE Riviera and Ensley have served the Oil and Gas A&D industry for over 20 years A Transaction Advisory Alliance for the Oil & Gas Industry MARKET INTELLIGENCE Assists buyers and sellers of upstream and midstream energy assets Property evaluations for acquisitions Packaging and marketing Data room facilities (Virtual/Physical) Cost-effective approach for niche market Private placement for unique assets Facilitate sale/funding of drilling programs Access to NuTech petrophysical and log analyses 6
Procedure: Process Steps Consult Understand asset characteristics and our clients objectives Advise Recommend transaction structure, determine valuation parameters and establish timeline Strategize Recommend the most effective strategy to attain successful results Data Preparation Accumulate, organize, validate and present data leading to an efficient and accurate valuation process Assemble Package Develop a comprehensive Executive Summary and construct the Virtual Data Room for Prospective Buyers 7
Procedure: Process Steps (continued) Technical Assistance Client has the option to utilize the petrophysical analyses services of NuTech Energy Alliance to more effectively demonstrate the upside potential Marketing Distribute notification of transaction and follow up to answer questions and to ensure the interested parties are focusing on key positioning points Negotiation & Due Diligence Assist the client in successfully negotiating the final transaction price and facilitate all due diligence requests Closing Provide the client the support needed to successfully close the deal 8
NuTech Energy Alliance N Advanced Petrophysical Analysis, Completion Engineering, 3-D Modeling Improve Reservoir Exploitation Success Through an Evaluation of Key Reservoir Parameters Identifying and Quantifying Conventional and Unconventional Resources Identification of Bypassed Hydrocarbons Identification of Organic Shale Quality Identification and Analysis of Natural Fractures Optimal Use of Existing Well Data Specific, Optimized Completion Programs for Horizontal and Vertical Wells Evaluate Lateral Placement and Length Evaluate Stimulation Options Optimize Size, Type, and Number of Fracturing Treatment Evaluate Post Frac Hydrocarbon Recovery and Associated Cost to Economic Benefit Quantify Reservoir Heterogeneity and Distribution for Optimum Economic Evaluation Utilize Individual Well Data to Generate Reservoir Distribution Models Identify Bypassed or Unexploited Reserves Prioritize Location Selection Optimize Reservoir Exploitation With over 45,000 wells analyzed to date, NuTech s services provide the confidence and predictability necessary to assist in making better asset decisions. 9
Strategic Advantages Riviera Ensley Energy Advisors provides clients significant strategic advantages: One-on-one approach ensuring your deal will receive our primary focus and attention Management of the transaction process that offers your company the Riviera Ensley Energy Advisors is thoroughly equipped to find aggressive buyers for your assets. flexibility to meet all of your technical needs A comprehensive transaction process utilizing current technology including access to NuTech petrophysical analyses and nation-wide expertise Use of data room facilities, including web-based VDR, to avoid disruption of your business and offer prospective buyers easy access to all pertinent data Access to extended marketing through trade shows such as NAPE Receive and pay only for services necessary Lower overhead and cost structure than our competitors 10
Recent Transactions Raider O&G 11
Biographies
Riviera Ensley A&D Team Art Ensley, Managing Director Art graduated from the University of Colorado with a bachelors degree in Mineral Land Management. He held various land and business development positions with BP Exploration and related entities (Sohio Petroleum Company, Standard Oil Production Company, Tex/Con Oil & Gas) for 11 years. After leaving BP in 1991, Art and his wife Linda formed Ensley Properties, Inc. (EPI). Since the formation of EPI, Art has acted as the principal transaction advisor for EPI clients in producing properties, mineral/leasehold acreage, drilling prospects and mid-stream asset transactions. He resides in Houston, Texas. Roger Eustance, Business Development Manager Roger graduated from the Colorado School of Mines with a B.Sc. in Geological Engineering and from the University of Houston with an MBA in Finance. He started his career with Enron Oil & Gas Company where, for nine years, he held numerous engineering and management positions. After leaving Enron Oil & Gas, Roger joined Louis Dreyfus Energy Corp. where he was Manager of Acquisitions and completed over 50 transactions that led to the creation of the public company Louis Dreyfus Natural Gas Corp. Roger then joined the Stratum Group where he became a Partner and Sr. Vice President. Roger then joined Bayerische Hypo-Und Vereinsbank AG, a large German commercial bank, where he led the bank s U.S. oil and gas lending practice. In 2007, Roger joined Prospect Ridge Energy where he managed a portfolio of non-operated working interests that produced approximately 1,000 BOEPD. He resides in Houston, Texas. John T. Gray, Engineering Manager John graduated from Texas Tech University where he received a Bachelor of Science Degree in Chemical Engineering. He has 21 years experience in office supervision, field operations supervision, reservoir engineering and production engineering. John worked for major oil companies and independent oil companies as both a direct hire and a consultant involved in active exploration programs, development programs, waterflood monitoring, as well as working/nonworking interest owner operations. He has experience in primary oil and gas, secondary waterflood, tertiary CO2, horizontal drilling and remedial operations. He has spent most of his time working the Permian Basin, but has northern Michigan and onshore Gulf Coast operational experience as well. He has worked as an engineer or consultant for such firms as Union Oil Company of California, H. L. Brown, Jr., Penwell Energy, Inc., Chevron Corporation and David H. Arrington Oil and Gas. He resides in Midland, Texas. 13
Riviera Ensley A&D Team Steve Guyton, Geologist Steve has been involved in all aspects of the oil & gas exploration and production business for 50+ years. This has included the development of oil & gas drilling prospects, production evaluation, lease purchase negotiations, drilling operations, reserve estimation, lease operating expense review and other functions related to geology, land, engineering and corporate management. Steve has extensive experience in all aspects of marketing oil & gas properties. Steve has been associated with Riviera Energy Corporation for the last six years. He has consulted and worked with numerous companies over his career including: Dan A. Hughes Co., Great Western Drilling Co., Coseka Resources and Lyco Energy Corp., Belcor (formerly Transierra Exploration Co.) as Vice-President Exploration, MGF Oil Corp. as Vice President Exploration, Champlin Petroleum Co. as Area Geologist, Texaco Inc. as Exploration Geologist, and Pennzoil Co. (formerly Union Producing Co.) as a Geologist and Geological Scout. Mr. Guyton attended Colgate University from 1955 1959 where he received a Bachelor of Arts Degree in 1959, majoring in Geology and minoring in Economics. Steve then attended the University of Michigan where he received a Master of Science Degree in Geology in 1960. Steve is a member of the American Assoc. of Petroleum Geologists, South Texas Geological Society and the West Texas Geological Society. Steve has been involved with projects in the Permian Basin, Gulf Coast, Mid-Continent, Rocky Mountain and Appalachian provinces. 14
Contact Information
Contact Information 200 N Loraine, Suite 1450 Midland, TX 79701 T: (432) 686-9400 F: (432) 686-9494 john@rivieraensley.com steve@rivieraensley.com 550 Post Oak Blvd, Suite 540 Houston, TX 77027 T: (713) 622-7332 F: (713) 622-0030 art@rivieraensley.com roger@rivieraensley.com To see our current list of properties available, please visit our website: www.rivieraensley.com 16