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Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc

Energy XXI Gulf Coast, Inc · Aug 9, 2012 · 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 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 1
    FY 2012 Fourth Quarter Conference Call Delivering the next 5% August 9, 2012 Houston, Texas NASDAQ: EXXI AIM: EXXI www.energyxxi.com 8/8/12
  2. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 2
    John D. Schiller Chairman and CEO Delivering the next 5%
  3. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 3
    A Leader in Capital Efficiency FY12 Capital Without Ultra-Deep Recomplete Drilling Total Program Program Net Wells 32 11 43 Net CAPEX 64 230 294 (MM) Adds & Revisions MMBOE Capital Efficiency Extension 16.1 294 = 15.31/…
  4. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 4
    FY12 Year-End Proved Reserves 140 120 5.2 2.1 119.7 119.6 116.6 16.1 16.1 100 80 MMBOE 60 40 20 0 June 30, 2011 (-) Production + Additions + Revisions (-) Expiring PUDs June 30, 2012 Capital Program…
  5. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 5
    Oil Focused Growth 140 5,000 4-Year PV-10 CAGR: Gas Crude 119.6 4,500 59% 120 116.6 PV-10 4,000 4-Year Proved Reserve CAGR: 31% Proved Reserves (MMBOE) 100 3,500 PV-10 (MM) 3,000 80 75.6 2,500 60 53.1 2,000 Steady…
  6. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 6
    Proved Reserves Plus Free Upside 3P Reserves 206.0 MMBOE Ultra-Deep PV-10 6,648 MM(1) 150 MMBOE(2) v Probable 46.0 MMBOE DJ 1 & DJ 2 1,475 MM BBE & BBW Proved 119.6 MMBOE Lafitte 4,297 MM Possible Contingent 40.4 MMBOE and…
  7. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 7
    West Griffin Chief Financial Officer Delivering the next 5%
  8. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 8
    Production Continues to Grow Year-Over-Year Oil 50 Production Grew 30% 45 40 15.4 14.0 12.1 35 14.1 13.8 12.8 30 Net MBOE/d 25 9.0 8.0 20 15 30.6 31.4 32.2 27.3 28.3 28.0 10 20.4 17.9 5 0 1Q F11 2Q F11 3Q F11 4Q…
  9. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 9
    Operating Data per BOE Quarter Ended 03/31/11 06/30/11 9/30/11 12/31/11 3/31/12 6/30/12 MBOE/d 41.4 42.1 40.8 42.7 45.3 47.6 Oil % 66% 67% 69% 72% 69% 68% Revenue (Pre-hedge) 71.24 78.90 74.05 83.40 81.16 77.13 LOE Insurance Expense…
  10. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 10
    Total Liquidity Total Liquidity (MM) 700 Stock Dividend Bond 600 Interest 500 400 300 Total Cash Revolver Availability 200 Revolver Fully Undrawn Total Liquidity (60 day MA) 100 0 1/1/2011 4/1/2011…
  11. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 11
    FY13 700MM Budget Breakout G&A G&G, Land, Admin 28 599MM 43 ULTRA DEEP Abandonment 94 30 EXXI XOM Drill and Ultra-Deep Complete, 183 322 94 Recomplete & Facilities 505 15% of Total Capital Committed to Exploration…
  12. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 12
    Ben Marchive Executive VP Delivering Exploration & Production the next 5%
  13. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 13
    Energy XXI Rig Schedule Field Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 3Q FY2013 West Delta 73 4 Development Wells Nabors P-17 South Tim. 54 / Grand Isle 16 3 Development Wells, 1 Rig Workover Ensco 99 Main Pass 61, 72 /…
  14. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 14
    Top 5 Oil Fields Grand Isle 16/18 South Timbalier 54 West Delta 30 West Delta 73 South Pass 89 Average RF to Date = 45% Top 5 Cumm Oil Fields Oil MMBO Recovery Factor Reserve Adds Total Gross Cumm Production 992 OOIP…
  15. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 15
    Progress in the Ultra-Deep Davy Jones 1 Flow Test in August Davy Jones 2 Completion to Begin in Late 2012 BBW 2 Drilling Below 21,434 MD Lineham Creek Drilling Below 20,760 Lease Sale Highlights MMR apparent high bidder on 14…
  16. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 16
    Q&A Delivering the next 5%
  17. Q4 2012 Earnings Call – Energy XXI Gulf Coast, Inc – slide 17
    Contact Delivering 5% the next Contact Stewart Lawrence, IRO Greg Smith, Director of IR Energy XXI (Bermuda) Limited Energy XXI (Bermuda) Limited 1021 Main Street, Suite 2626 1021 Main Street, Suite 2626 Houston, Texas 77002…

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