Skip to main content Q3 2013 Earnings Call – Rex Energy Corp Investor Presentation | Shale Experts
Loading...
Pm

Q3 2013 Earnings Call – Rex Energy Corp

Rex Energy Corp · Nov 6, 2013 · 20 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. Q3 2013 Earnings Call – Rex Energy Corp – slide 1
    Rex Energy Third Quarter 2013 Conference Call Responsible Development of Americas Energy Resources Rex Energy Corporation 366 Walker Drive State College, PA 16801 P: (814) 278-7267 F: (814) 278-7286 E:…
  2. Q3 2013 Earnings Call – Rex Energy Corp – slide 2
    Highlights and Recent Developments Third Quarter Highlights Record average daily production of 98.7 MMcfe/d in 3Q13 39% growth in production 3Q13 vs. 3Q12 21% increase in daily liquids production 3Q13 vs. 2Q13 Completed two…
  3. Q3 2013 Earnings Call – Rex Energy Corp – slide 3
    Selected Operational and Financial Highlights Continued Operations Only 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter ( in millions) 2012 2013 2013 2013 % Change Production Average Per Day Oil (Bbls) 2,260 2,201 2,349 2,744 17%…
  4. Q3 2013 Earnings Call – Rex Energy Corp – slide 4
    Price Realizations 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter 2012 2013 2013 2013 Average Price Per Unit: Realized crude oil price per Bbl as reported 85.33 91.52 91.96 102.38 Realized impact from cash settled derivative per…
  5. Q3 2013 Earnings Call – Rex Energy Corp – slide 5
    2013 Hedging Summary1 100% 90% Avg. Floor: 92.69 60% of Total NGL Volumes Hedged 80% Avg. Floor: 98.50 5.00 x 88.50 4.29 70% 5.00 2.10 1.00 60% 93.39 50% 4.93 x 4.30 40% 4.00 1.66 30% 20% 1.58 10% 79% 71% 73% 35% 71%…
  6. Q3 2013 Earnings Call – Rex Energy Corp – slide 6
    2014 Hedging Summary1 100% Avg. Floor: 91.46 4.8 Bcf (17%) of natural 80% 90.00 gas basis hedged at x 75.00 NYMEX less 0.36 Avg. Floor: 102.99 4.02 (Dominion Appalachia 60% x 88.51 4.56 basis) Avg. Floor: x 3.97 1.03 40% 1.03…
  7. Q3 2013 Earnings Call – Rex Energy Corp – slide 7
    Fourth Quarter and Full Year 2013 Guidance Fourth Quarter Full Year 2013 2013 Average Daily Production 103.5 111.5 Mmcfe/d 91.0 93.0 Mmcfe/d Lease Operating Expense 18.3 - 19.3 million 62 63 million Cash G&A 6.4 - 7.4 million 27…
  8. Q3 2013 Earnings Call – Rex Energy Corp – slide 8
    Butler Operated Marcellus Results Butler Operated Area 5-Day Sales Rate (Average Per Well)1 Grubbs 2H Total Adjusted Total Ethane Lateral Total to 4,000 Lateral Rejection Warner 1H, Well Name Length (Mcfe/d) % Liquids (Mcfe/d)…
  9. Q3 2013 Earnings Call – Rex Energy Corp – slide 9
    Baillie Trust Stacked Laterals 750 spacing 100 50 175 600 spacing 600 spacing Average lateral length of 4,300 feet Longest average lateral length for any combination of wells drilled from single pad Testing both…
  10. Q3 2013 Earnings Call – Rex Energy Corp – slide 10
    Butler Operated Upper Devonian / Burkett Results Butler Operated Area 5-Day Sales Rate (Average Per Well)1 Total Adjusted Total Ethane Lateral Total to 4,000 Lateral Rejection Burgh 2HD Well Name Length (Mcfe/d) % Liquids Length…
  11. Q3 2013 Earnings Call – Rex Energy Corp – slide 11
    Ohio Utica Warrior North Prospect 16,800 gross / 16,500 net acres in Carroll County, OH 115 potential gross drilling locations (pro forma for acreage trade) Warrior North Prospect Completed drilling three-well Ocel pad CHK Coniglio…
  12. Q3 2013 Earnings Call – Rex Energy Corp – slide 12
    Ohio Utica Warrior South Prospect 7,000 gross / 4,300 net acres in Guernsey, Noble and Warrior South Prospect Belmont Counties, OH (63% WI) 38 potential gross drilling locations2 GPOR Wagner 3-28H: Completed 5-well J. Anderson pad;…
  13. Q3 2013 Earnings Call – Rex Energy Corp – slide 13
    Illinois Basin Conventional Drilling Rex Energy has identified multiple zones with conventional recompletion and infill drilling opportunities 20,500 gross / 19,200 net acres in Indiana; 13,000 net acres in Lawrence Field Completed…
  14. Q3 2013 Earnings Call – Rex Energy Corp – slide 14
    Rex Energy Question and Answer Session Responsible Development of Americas Energy Resources
  15. Q3 2013 Earnings Call – Rex Energy Corp – slide 15
    Rex Energy Appendix Responsible Development of Americas Energy Resources
  16. Q3 2013 Earnings Call – Rex Energy Corp – slide 16
    EBITDAX ( in thousands) 1st Quarter 2013 2nd Quarter 2013 3rd Quarter 2013 Net Income (Loss) From Continuing Operations (2,340) 13,441 1,832 Net (Income) Loss Attributable to Noncontrolling Interests (433) (221) (258) Income (Loss)…
  17. Q3 2013 Earnings Call – Rex Energy Corp – slide 17
    Adjusted Net Income (in thousands) 1st Quarter 2013 2nd Quarter 2013 3rd Quarter 2013 Income From Continuing Operations Before Income Taxes, as reported (4,344) 22,561 339 Add Back (Less): (Gain) Loss on Derivatives, Net 8,540…
  18. Q3 2013 Earnings Call – Rex Energy Corp – slide 18
    Current Hedging Summary Crude Oil(1) 4Q13 1Q14 2Q14 3Q14 4Q14 Swap Contracts2 Volume Hedged 180,000 105,000 105,000 90,000 90,000 Price 93.39 97.15 97.15 97.72 97.72 Collar Contracts Volume Hedged 15,000 15,000 15,000 15,000…
  19. Q3 2013 Earnings Call – Rex Energy Corp – slide 19
    Current Hedging Summary (Contd) Natural Gas Hedges(1) 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 Swap Contracts(2) Volume 2,760,000 2,250,000 1,860,000 1,860,000 1,860,000 450,000 450,000 450,000 450,000 Price 4.00 4.09 4.08 4.08…
  20. Q3 2013 Earnings Call – Rex Energy Corp – slide 20
    Current Hedging Summary (Contd) Natural Gas Liquids(1)(2) 4Q13 1Q14 2Q14 3Q14 4Q14 Swap Contracts Propane Volume Hedged (Bbls) 99,000 81,000 60,000 60,000 60,000 Price per Barrel 42.00 42.42 43.68 43.68 43.68 Price per Gallon 1.00…

From the store

Browse maps, data & reports in the Shale Experts store