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Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc

Energy XXI Gulf Coast, Inc · Feb 2, 2010 · 13 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. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 1
    Fiscal 2nd Quarter 2010 Conference Call February 2, 2010 NASDAQ: EXXI AIM: EXXI www.energyxxi.com 091609
  2. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 2
    Fiscal 2nd Quarter Review John D. Schiller, Jr. Chairman and CEO 3
  3. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 3
    Activity Timeline Davy Jones Reverse Sands Split 19.00 190 Davy Jones Discovery 17.00 Announced MitEnergy MitEnergy Deal Closed Acquisition 175 170 Offerings Announced 15.00 Offerings Overallotment Exercised Priced…
  4. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 4
    Davy Jones Cash Flow vs Production 180 2,050 1.5 Tcfe Discovery (Gross) 160 10 Wells 175MM/Well 1,850 150MM Facility 140 500MM RCMP 1,650 2 Rig Program 1,450 IP 100MMcfe/d/Well 120 Cumulative CF (MM) 1,250 Net Production…
  5. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 5
    2nd Quarter Financial Review West Griffin Chief Financial Officer 6
  6. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 6
    Operating Data Per BOE Quarter Ended 12/31/08 3/31/09 6/30/09 9/30/09 12/30/09 MBOE/d 19.2 20.7 18.7 15.5 20.9 Oil % 53% 60% 64% 65% 68% Revenue (Pre-hedge) 49.03 35.97 43.50 47.64 57.53 LOE Insurance Expense 2.79 2.68 2.56 4.18 4.06…
  7. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 7
    Other Items Income Statement 26.7 MM pre-tax gain on retirement of notes Cash Flow Statement Accounts receivable inflated due to MitEnergy transaction Asset retirement obligation -- elevated cash payments, recovered from…
  8. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 8
    Debt Maturities 400.0 Principal amounts, not book Expanding credit facility to 350 MM 338 MM 350MM from 199MM 300.0 277 MM 14% Available + 10% 2% PIK MM 200.0 MMS 30MM Bonding 100.0 Libor + 2.60% - 153MM…
  9. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 9
    2nd Quarter Operations Review Steve Weyel President and Chief Operating Officer 10
  10. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 10
    Core Fields High-Graded Inventory Main Pass Main West Pass Cameron Marsh Island Grand West Isle Delta Viosca Knoll East Cameron S.Pass Ship Galveston Vermillion Eugene Shoal Island South High Island Timbalier Brazos…
  11. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 11
    FY10 Portfolio Crude Hedges* 1200 1000 800 Puts bbls/qtr in 1,000's Put Spread 600 3 Way Collars Collars 400 Swaps 200 0 Q3 FY 10 Q4 FY 10 Q1 FY 11 Q2 FY 11 Q3 FY 11 Q4 FY 11 Put Swaps Puts Collars 3 ways…
  12. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 12
    FY10 Portfolio Natural Gas Hedges* 5,000.0 4,500.0 4,000.0 3,500.0 Mmbtu/qtr in 1,000s 3,000.0 Put Spread 2,500.0 3 Way Collars 2,000.0 Swaps 1,500.0 1,000.0 500.0 Q3 FY 10 Q4 FY 10 Q1 FY 11 Q2 FY 11 Q3…
  13. Q2 2010 Earnings Call – Energy XXI Gulf Coast, Inc – slide 13
    Contact: Stewart Lawrence, IRO Energy XXI (Bermuda) Limited 1021 Main Street, Suite 2626 Houston, TX 77002 (713) 351-3006 slawrenceenergyxxi.com NASDAQ: EXXI AIM: EXXI, EXXS www.energyxxi.com 14

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