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Q4 Year End 2013 Conference Call – Rex Energy Corp

Rex Energy Corp · Jan 10, 2013 · 17 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. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 1
    Rex Energy Fourth Quarter & Year End 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. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 2
    Highlights and Recent Developments Fourth Quarter Highlights Record average daily production of 110.4 MMcfe/d in 4Q13 49% growth in production 4Q13 vs. 4Q12 7% increase in daily liquids production 4Q13 vs. 3Q13 Completed and placed…
  3. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 3
    Selected Operational and Financial Highlights Continued Operations Only 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter ( in millions) 2013 2013 2013 2013 % Change Production Average Per Day Oil (Bbls) 2,201 2,349 2,744 2,717 1% Gas…
  4. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 4
    2014 Hedging Summary(1) 100% Avg. Floor: 92.59 Avg. Floor: 90.00 4.06 Avg. Floor: Avg. Floor: 1.34 80% x 75.00 4.57 1.07 x 4.01 1.34 102.58 1.07 x 88.57 60% Avg. Floor: 1.33 Avg. 40% Differential: 97.41 4.12 1.33 (0.35)…
  5. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 5
    First Quarter and Full Year 2014 Guidance First Quarter Full Year 2014 2014 Average Daily Production 115.0 118.0 Mmcfe/d 143.0 149.0 MMcfe/d Lease Operating Expense 18.5 - 19.5 million 95.0 101.0 million Cash G&A 8.3 - 9.3 million…
  6. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 6
    2014 Proved Reserves Metrics Reserve Reserves to NPV 10 Replacement Production Ratio (MM) YE 2011 1096% 25.8 years 539.6 YE 2012 802% 25.2 years 500.5 YE 2013 923% 25.1 years 668.7 Drill-Bit F&D(1) Reserves Drilling F&D…
  7. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 7
    Butler Operated Marcellus Results Butler Operated Area 5-Day Sales Rate (Average Per Well)1 Lateral Total Ethane Well Name Length Total (Mcfe/d) % Liquids Rejection (Mcfe/d) Baillie Trust(2) 2H, 4H, 4,541 6,009 53% 4,105 L&L Pad…
  8. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 8
    Ohio Utica Warrior North Prospect 17,100 gross / 16,800 net acres in Carroll County, OH 108 potential gross drilling locations(1) Warrior North Prospect (Avg. 5-day sales rates) Average 5-day & 30-day sales rates (Boe/d) (2) REXX G.…
  9. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 9
    Ohio Utica Warrior North Prospect Economics(1) Assumes 55% ethane recovery 55% 1,400 0.6 IRR Strip 1,200 Cumulative Production (MMboe) 0.5 Pricing 50% 1,000 Production Rate (Boe/d) 0.4 800 45% 0.3 IRR Strip 600…
  10. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 10
    Ohio Utica Warrior South Prospect 7,000 gross / 4,300 net acres in Guernsey, Noble and Belmont Counties, OH (63% WI) Warrior South Prospect (Avg. 5-day sales rates) 35 potential gross drilling locations(1) 5-Well J. Anderson Pad…
  11. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 11
    Ohio Utica Warrior South Prospect Economics(1) Assumes 55% ethane recovery 2,500 1.1 1.0 80% 0.9 Cumulative Production (MMboe) 2,000 0.8 IRR Strip 0.7 70% Pricing 1,500 Production Rate (Boe/d) 0.6 0.5 1,000 0.4 60%…
  12. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 12
    Illinois Basin: Conventional Development Program Stratigraphic Column Production Results(1) 24-Hour Avg PENNSYLVANIAN Peak Production 30-Day Production Capital Costs Vertical Area (Bbl/d)(2) (Bbl/d)(2) ( in millions) Drilling…
  13. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 13
    Rex Energy Question and Answer Session Responsible Development of Americas Energy Resources
  14. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 14
    Rex Energy Appendix Responsible Development of Americas Energy Resources
  15. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 15
    EBITDAX ( in thousands) 1st Quarter 2013 2nd Quarter 2013 3rd Quarter 2013 4th Quarter 2013 Net Income (Loss) From Continuing Operations (2,340) 13,441 1,832 (13,272) Net (Income) Loss Attributable to Noncontrolling Interests (433)…
  16. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 16
    Adjusted Net Income ( in thousands) 1st Quarter 2013 2nd Quarter 2013 3rd Quarter 2013 4th Quarter 2013 Income From Continuing Operations Before Income Taxes, as reported (4,344) 22,561 339 (22,679) Add Back (Less): (Gain) Loss on…
  17. Q4 Year End 2013 Conference Call – Rex Energy Corp – slide 17
    Price Realizations 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2013 2013 2013 2013 Average Price Per Unit: Realized crude oil price per Bbl as reported 91.52 91.96 102.38 93.33 Realized impact from cash settled derivative per…

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