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Corporate December 2011 Presentation – Rex Energy Corp

Rex Energy Corp · Dec 10, 2011 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Corporate December 2011 Presentation – Rex Energy Corp – slide 1
    Rex Energy Corporate Presentation December 2011 Together We Can Make A Difference Rex Energy Corporation 476 Rolling Ridge Drive State College, PA 16801 P: (814) 278-7267 F: (814) 278-7286 E: InvestorRelationsRexEnergyCorp.com…
  2. Corporate December 2011 Presentation – Rex Energy Corp – slide 2
    Rex Energy Overview Market Data NASDAQ: REXX Common shares outstanding: 44 million(1) 22% Ownership with corporate officers and directors Share Price: 16.15(2) Market Capitalization: 717 million(2) 52 Week Price Range: 9.93 -…
  3. Corporate December 2011 Presentation – Rex Energy Corp – slide 3
    Consecutive Growth Year Over Year 50,000 102% 8% 24% 40,000 Mcfe/d Production 27% 30,000 37% 12% 20,000 10,000 0 4Q 2010 Actual 1Q 2011 Actual 2Q 2011 Actual 3Q 2011 Actual 4Q 2011 Midpoint 2011 Guidance…
  4. Corporate December 2011 Presentation – Rex Energy Corp – slide 4
    2011 Capital Budget Capital Budget Allocation by Activity 0% 8% 2011 Capital Program Breakdown Drilling and Exploitation Activity Budget ( in millions) Tertiary Recovery Projects Drilling and Exploitation 161.6 27% Facilities,…
  5. Corporate December 2011 Presentation – Rex Energy Corp – slide 5
    Current Hedging Summary Current Production Hedged Crude Oil 100% % of Current % of Current Avg. Floor Avg. Ceiling with Floor with Ceiling Price Price 90% 2012 92% 92% 68.39 111.08 80% 2013 57% 57% 73.67 113.83 70% Commodity %…
  6. Corporate December 2011 Presentation – Rex Energy Corp – slide 6
    Appalachia Overview Butler Area (Operated) 65,000 gross (44,500 net) acres Joint Venture with Sumitomo in Butler County o 70% Rex / 30% Sumitomo Butler Midstream Joint Venture o 60% Stonehenge / 28% Rex / 12% Sumitomo o 40 MMcf/d…
  7. Corporate December 2011 Presentation – Rex Energy Corp – slide 7
    Butler Operated Area Butler Operated Area Total acreage position of 65,000 gross (44,500 net) acres Allows for minimal rig movement Cheeseman 1 Utica Shale Test 9.2 MMcf/d 24-Hour Test Rate Decreases in drilling time Maximizes…
  8. Corporate December 2011 Presentation – Rex Energy Corp – slide 8
    Butler Area Midstream & Infrastructure Butler Operated Area Firm transportation of 85.0 gross MMcf/d 25.0 gross MMcf/d available March 2012 Cheeseman 1 Pipeline tap into NFG Remaining 60.0 gross MMcf/d available January 2013 Sarsen…
  9. Corporate December 2011 Presentation – Rex Energy Corp – slide 9
    Marcellus Non-Operated Overview Westmoreland, Clearfield and Centre Counties, PA Sizeable acreage position with 43,000 gross (16,600 net) acres(1) Pipeline Capacity / Midstream Capabilities 29,000 mcf/d current capacity in…
  10. Corporate December 2011 Presentation – Rex Energy Corp – slide 10
    Utica Shale Overview 85,300 gross (58,700 net) acres in the Utica Shale Butler County Operations 65,00 gross (44,300 net) acres Rex Energy Cheeseman 1H Ohio Warrior Prospect 11,000 gross (11,000 net) 9.2 MMcf/d Dry Gas acres…
  11. Corporate December 2011 Presentation – Rex Energy Corp – slide 11
    Ohio Utica Warrior Prospect 11,000 gross (11,000 net) acres in the Utica Shale (1) CHK Mangun 22-15-5 Close access to infrastructure and pipelines 8H -1.5 Mboe/d Acreage within liquids rich window of the Utica Shale Several…
  12. Corporate December 2011 Presentation – Rex Energy Corp – slide 12
    Lawrence Field ASP Overview 13,100 gross (13,000 net) acres in Lawrence Field Illinois Basin 1 billion barrels of original-oil-in-place (OOIP) Field has produced 400 MMBbls since 1906 Waterflooded in the 1950s Two successful…
  13. Corporate December 2011 Presentation – Rex Energy Corp – slide 13
    Lawrence Field ASP Update Preliminary oil response seen: Production increased from 16 BOPD and has maintained a range of 73 82 gross BOPD in Perkins-Smith Middagh Pilot Griggs the last 30 days with increasing oil cuts in 58 Acres 15…
  14. Corporate December 2011 Presentation – Rex Energy Corp – slide 14
    APPENDIX
  15. Corporate December 2011 Presentation – Rex Energy Corp – slide 15
    Niobrara Overview 56,000 gross (39,000 net) acres DJ Basin 5 horizontal wells drilled all appear non-commercial Silo Field DJ Basin Niobrara Summary Not considered a true resource play Extensive faulting and heterogeneous…
  16. Corporate December 2011 Presentation – Rex Energy Corp – slide 16
    Reserve Growth Proved Reserve & Compound Annual Growth Rate Year-End 2010 (1) 300 125 33.6 Mmboe (201.7 Bcfe) Drill Bit F&D cost of 0.68/ Mcfe 250 120 269.4 million PV-10 Proved Reserves (Bcfe) o 42% proved developed 115 o…
  17. Corporate December 2011 Presentation – Rex Energy Corp – slide 17
    Wet Gas Economic Yields 4.50 NYMEX equates to 5.39 per mcf price 4.50 NYMEX Henry Hub 90.00 NYMEX WTI Wellhead Production 1 mcf of Natural Gas Natural Gas NGLs Production by Product .900 mcf 1.64 gallons/ mcf(1) Gross…
  18. Corporate December 2011 Presentation – Rex Energy Corp – slide 18
    Utica Shale Geology Overview The Point Pleasant Formation, between the Utica Shale and Trenton Limestone is the target zone for drilling The Point Pleasant is a mixed carbonate/shale interval that is believed to be the source…
  19. Corporate December 2011 Presentation – Rex Energy Corp – slide 19
    Butler Operated Drilling & Completion Schedule Gross Well Net Well Rig Pad Status Count Count UDI 54 Grosick(1) 7.0 3.0 Beginning fracture stimulation on 3 of 7 wells UDI 54 Carson 3.0 2.1 Drilling complete, awaiting fracture…
  20. Corporate December 2011 Presentation – Rex Energy Corp – slide 20
    Westmoreland & Clearfield Non Operated Drilling & Completion Schedule Gross Well Net Well County Rig Pad Status Count Count Westmoreland H&P 287 National Metals 2.0 0.8 Currently fracture stimulating Westmoreland H&P 287 Frye 2.0…
  21. Corporate December 2011 Presentation – Rex Energy Corp – slide 21
    Current Hedging Summary Crude Oil(1) 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 Collar Contracts Volume Hedged 96,000 150,000 150,000 150,000 150,000 90,000 90,000 90,000 90,000 Ceiling 104.69 111.08 111.08 111.08 111.08 113.83…
  22. Corporate December 2011 Presentation – Rex Energy Corp – slide 22
    Current Hedging Summary Natural Gas Hedges Contd(1) 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 Put Contracts Volume 120,000 - - - - 210,000 210,000 210,000 210,000 Floor 8.00 - - - - 5.00 5.00 5.00 5.00 Put Spread Contracts…

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