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Annual 2010 Meeting Of Stockholders – Rex Energy Corp

Rex Energy Corp · Jun 24, 2010 · 12 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. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 1
    2010 Annual Meeting of Stockholders June 24, 2010
  2. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 2
    Rex Energy Overview Corporate Information Exchange/Symbol NASDAQ / REXX Market Capitalization 459.8 MM (1) Enterprise Value 448.5 MM Shares Outstanding 44.0 MM Directors & Officers Ownership 27% Long-Term Debt 0 (2) Debt…
  3. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 3
    Rex Energy Areas of Operation Current Significant Projects 68k net Marcellus Shale fairway acres, as of 5/31/2010 Marcellus Shale (Pennsylvania) 630 Marcellus Shale horizontal locations 1.3 1.8 Tcfe of potential recoverable resources…
  4. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 4
    Proved Reserves (1) Proved reserves increased 90% in 2009 Proven Reserve Mix 2009 to 125.2 Bcfe o 54% Proved Developed o 190.5 Million SEC PV-10 45% o Reserve replacement ratio of 410% 55% o F&D costs of 0.81 per Mcfe 4-Year…
  5. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 5
    2010 Capital Program & Liquidity Analysis (Midyear Update) Total Capital Budget of 151.2 million Sources o Appalachia: 2010 Beginning Cash 5.9 24 gross (17.5 net) horizontal Net Proceeds from Q1 2010 Equity Offering 55.6 Marcellus…
  6. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 6
    2010 Projected Production Profile 2010 Assumptions: Projected Annual Daily Average Production (1) o 3-rig Marcellus horizontal well 30 program (24 gross/17.5 net wells) Gas & NGLs 25 +74% +62% o Marcellus well 30 day rate (1) Oil…
  7. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 7
    5-Yr Projected Production Profile 2011-2013 Annual Assumptions: o Conventional oil decline of 6% Projected Production Growth (1) o Conventional gas decline of 10% Low Case High Case o 4-rig Marcellus horizontal well program 140 (45…
  8. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 8
    Hedging Summary Projected Oil Production Hedged (1) Projected Gas & NGL Production Hedged (1) 100% 100% 80% 80% 60% 60% 40% 40% 20% 20% 0% 0% April - Dec 2010 2011 2012 April - Dec 2010 2011 2012 % of 1st Quarter 2010 % of…
  9. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 9
    Current Marcellus Shale Projects Butler 41K Net Acres Central 15K Net Acres West/Fayette 12K Net Acres Peak 24 Hr 1st 30 Days Cum. 1st 90 Days Cum. 1st 180 Days Cum. To Date Lateral Wells (1) Area Days Online Rate (Mcfe)…
  10. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 10
    Projected Marcellus Growth Low Mid High Marcellus Shale Potential Reserve Upside (3) Case Case Case 2,000 Net Acres 68K (1) Assumed % Drilled 75% Well Spacing 80 acres 1,500 Net Potential Wells 637 EUR (Bcfe) (2) 2.5 3.0 3.5…
  11. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 11
    Operations: Illinois Basin One of the largest oil producers in the Illinois Basin Lawrence Field Drilling success rates of greater than 99% in numerous shallow pay North & Central zones Area (10,000 acres) Tertiary Recovery Project:…
  12. Annual 2010 Meeting Of Stockholders – Rex Energy Corp – slide 12
    Rockies Region Niobrara Shale Rex Energy Niobrara Acreage DJ Basin 4K net acres in the DJ Basin o 2 o Plan 2 test wells in 3rd quarter 2010 DJ Basin Niobrara Summary Silo Field o Thick Source Rock 300+ ft. o High Total Organic…

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