Company Overview Eclipses 3-year plan is targeting a compounded Key Statistics annual growth rate in production of 200% Market Capitalization(1) 2.8 Billion Liquidity(2) 568 Million Eclipse Resources Assets Total Debt Outstanding 413…
Highly Experienced Management Team Best in class proven management team with track record of executing a complex drilling program Years in Name Position Prior Experience Industry Benjamin Hulburt President & CEO 13 Thomas Liberatore…
Top Tier Return Potential Eclipses acreage position is located in the Utica Core and Highly Liquids Rich Marcellus Plays which have demonstrated top tier returns IRRs by Play Wall Street Research (1) Net Identified Locations 80% 255…
Premier Southern Utica Position Concentrated acreage position in the Core of the ECR Mizer Pad (5) Condensate Wells Avg. IP Rate 828 Boe/d Core 65% Liquids Operate 85% of net acreage Stacked Pay Area Eclipse Acreage Area RICE…
Utica Single-Well Economics (1) Eclipses Utica Shale asset base generates top returns even in challenging gas price environments Rich Gas Dry Gas Condensate Rich Cl a s s i fi ca ti on Condensate Identi fi ed Net Dri l l i ng Loca ti…
Highly Liquids Rich Marcellus Shale Our 26,400 net acre Marcellus position is in a stacked pay area that overlies a portion of our Dry Gas Utica acreage allowing Eclipse to share pad, facility and construction costs MHR Ormet: 3…
Marcellus Single-Well Economics (1) Eclipses Marcellus Shale asset base provides exceptional rates of return regardless of gas price Cl a s s i fi ca ti on Marcellus Identified Net Drilling Locations 245 Pre-Tax PV-10 (MM) 8.8 Pre-Tax…
2014 D&C Activity Eclipse continues to meet or exceed its drilling and completion goals Current D&C Activity 2014 Drilling Activity 4 operated horizontal rigs currently running ahead of planned pace Approx. 150 gross (65 net) wells to…
Growing Proved Reserves (1) Eclipse continues to convert unproved assets into proved reserves at an aggressive pace Net Oil (MBbl) Net NGL (MBbl) Net Gas (MMcf) Net Total (MMcfe) Net PV-10 (M) PDP 1,818 1,650 59,703 80,507 217,270…
Northeast Supply/Demand Balance Significant excess out-of-basin transportation capacity to meet production growth expectations as Eclipse enters the winter of 2015 60 Northeast Supply-Demand and New Pipeline Capacity 60 Committed…
Diversified Midstream Strategy Our acreage is centered across a confluence of major pipelines in the country providing significant in and out of basin optionality Strategy Objective Status Ample and Reliable Gathering, Processing and…
Firm Transportation Portfolio Focused on developing a diversified transportation strategy to access Appalachian, Gulf Coast and Midwest markets Firm transportation agreements executed for 455 MDth/d with Average Cost of Firm…
Conclusion Core of the Core Utica position with stacked pay Highly Liquids Rich Marcellus One of the Best upside Acreage Positions Largely contiguous and concentrated acreage position in the Country 85% operated 956 identified net…
Appendix
Guidance Third Quarter 2014 Full Year 2014 Average Daily Production 70 - 85 Mmcfe/d 73 - 79 Mmcfe/d Production % Natural Gas 80 - 85% 72 - 77% and % NGL 7 - 10% 8 - 11% Basis % Oil 8 - 10% 12 - 14% Differential % Operated 65 - 75% 65…
Type Curve Summary We have developed our type curves based on wells we have participated in as of April 2014 Type Curve Approach Well Economics and Acreage (1) Eclipse type curves assume a managed choke in order to minimize the…
Type Curve and Cost Assumptions Rich Gas Dry Gas Condensate Rich Condensate Marcellus Identified Net Drilling Locations 250 240 167 54 245 Well Characteristics Initial Production (MMcf/d) (1) 6.0 18.6 2.4 1.2 1.4 Gas Shrink 87.5% -…
Hedging Summary Volume Weighted Average Description Production Period (MMbtu/d) Swap Price (MMBtu) Natural Gas Swaps 20,000 July - December 2014 4.18 20,000 January - December 2015 4.09 Natural Gas Put Spread Purchased Put 20,000…
Adjusted EBITDAX Quarter to Quarter 2Q14 1Q14 1H2014 (in thousands except per Mcfe data) Change % Net loss (112,648) (18,451) (94,197) 511% (131,099) Depreciation, depletion & amortization 9,957 12,027 (2,070) -17% 21,984 Exploration…
Adjusted Net Loss Quarter to Quarter 2Q14 1Q14 1H2014 (in thousands except per share data) Change % Loss Before Income Taxes, as reported (18,107) (18,451) 344 -2% (36,558) Loss on derivative instruments 863 3,611 (2,748) -76% 4,474…
Best Initial Results in the Utica Play Type Eq. Norm. Gas Norm. Gas NGL Cond. Curv e 6,000 ft IP 6,000 ft IP Gas Shrink Yield Yield % Well Name Area (Boe / d) (MMcf / d) BTU (% ) (Bbls / MMcf) (Bbls / MMcf) Liquids Rich Condensate 1…
Firm Sales & Firm Transportation Long Term Firm Transportation In Place Midwest Canada M3 50,000 Dth/d Apr. 2015 To Gulf Coast, Marcellus Regional Midwest & Utica Acreage Markets 50,000 Dth/d TCO Pool Apr. 2015 205,000 Dth/d…
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