Skip to main content Corporate January 2010 Presentation – Rex Energy Corp | Shale Experts
Loading...
Pm

Corporate January 2010 Presentation – Rex Energy Corp

Rex Energy Corp · Jan 25, 2010 · 18 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. Corporate January 2010 Presentation – Rex Energy Corp – slide 1
    January 25, 2010
  2. Corporate January 2010 Presentation – Rex Energy Corp – slide 2
    Company Overview Solid Proved Reserve and Production Base o 125.2 Bcfe proved reserves (55% oil and NGLs) (1) Lawrence o 18.1 MMcfe per day (63% oil) (2) Field ASP Flood Project Significant Unproved Upside o Marcellus Shale 60,000…
  3. Corporate January 2010 Presentation – Rex Energy Corp – slide 3
    Proved Reserves (1) Proved reserves increased 90% Proved Reserves in 2009 to 125.2 Bcfe 160 140 o 55% Oil 120 o 54% Proved Developed 100 Bcfe o 190.5 Million SEC PV-10 80 60 4-Year Compounded Annual 40 20 Growth Rate…
  4. Corporate January 2010 Presentation – Rex Energy Corp – slide 4
    2010 Capital Program 19 gross (15 net) horizontal Marcellus wells ( in millions) Appalachia Illinois Total o 1 operated rig in Butler County, PA Drilling & Exploitation 43.2 3.5 46.7 throughout the year (10 horizontal wells) Tertiary…
  5. Corporate January 2010 Presentation – Rex Energy Corp – slide 5
    2010 Projected Production Profile 2010 Assumptions: Projected Annual Daily Average Production (1) o 2-rig Marcellus horizontal well 35 program (19 gross/15 net wells) 30 Oil Gas 25 +80% o Marcellus well 30 day rate (1)…
  6. Corporate January 2010 Presentation – Rex Energy Corp – slide 6
    5-Yr Projected Production Profile 2011-2013 Annual Assumptions: o Base oil decline of 6% Projected Production Growth (1) o Base gas decline of 10% Low Case High Case o 3-rig Marcellus horizontal well 120 program (32 gross/22 net…
  7. Corporate January 2010 Presentation – Rex Energy Corp – slide 7
    Hedging Summary Projected Oil Production Hedged (1) Projected Gas Production Hedged (1) 90% 140% 80% 120% 70% 100% 60% 50% 80% 40% 60% 30% 40% 20% 10% 20% 0% 0% 2010 2011 2012 2010 2011 2012 % of 2009 Exit Rate (E) % of…
  8. Corporate January 2010 Presentation – Rex Energy Corp – slide 8
    Marcellus Shale Overview Progress to Date: 92K Gross (2) (60K Net (3)) Marcellus Shale Fairway Acres o 8 vertical wells drilled & completed 7 producing & 1 awaiting pipeline o 57 miles seismic shot & processed o 7 horizontal wells…
  9. Corporate January 2010 Presentation – Rex Energy Corp – slide 9
    Marcellus Joint Ventures Exploration & Production with Williams Appalachia, a wholly owned subsidiary of the Williams Companies Williams can earn a 50% interest in approximately 44,000 gross (22,000 net) acres in Westmoreland,…
  10. Corporate January 2010 Presentation – Rex Energy Corp – slide 10
    Leverage to the Marcellus Shale With 60,000 (1) net Net Marcellus Acres per 1 MM Enterprise Value Fairway acres under 160 control, Rex Energy has a leading proportion of 140 Marcellus Shale acres in relation to its size 120…
  11. Corporate January 2010 Presentation – Rex Energy Corp – slide 11
    Conceptual Marcellus Economics Marcellus economics remain strong at relatively BTAX IRR low gas prices Low Case Mid Case High Case Close proximity to large U.S. markets results in 120% premium price to Henry Hub and superior to…
  12. Corporate January 2010 Presentation – Rex Energy Corp – slide 12
    Projected Marcellus Growth Low Mid High Marcellus Shale Potential Reserve Upside (3) Case Case Case 2,000 Net Acres 60,000 (1) Assumed % Drilled 75% Well Spacing 80 Acres 1,500 Net Potential Wells 563 EUR (Bcfe) (2) 2.5 3.0 3.5…
  13. Corporate January 2010 Presentation – Rex Energy Corp – slide 13
    Operations: Illinois Basin One of the largest oil producers in the Illinois Basin Drilling success rates of greater than 99% in numerous shallow pay zones 200 proved & probable locations (1) o Average Well Depth: 1,500 feet o…
  14. Corporate January 2010 Presentation – Rex Energy Corp – slide 14
    Lawrence Field ASP Project Background: Lawrence Field o Lawrence Field is believed to have original oil in place (OOIP) of approximately 1 billion North & Central Area barrels (10,000 acres) o The field has produced over 400 MMBbls…
  15. Corporate January 2010 Presentation – Rex Energy Corp – slide 15
    Lawrence Field ASP Economics Potential: (Netherland, Sewell & Associates Total ASP Potential Reserves at Various PV Recoveries ASP Evaluation, December 2009) Bridgeport Sandstone Cypress Sandstone 60 o Rex Energy and Netherland,…
  16. Corporate January 2010 Presentation – Rex Energy Corp – slide 16
    Initial ASP Unit (Middagh Unit) The company is in the process of Base Case Middagh ASP Unit Projected Production designing the first operational ASP unit in the Bridgeport Sandstone to commence Oil Production Cum Oil chemical…
  17. Corporate January 2010 Presentation – Rex Energy Corp – slide 17
    Appendix Reconciliation of SEC PV-10
  18. Corporate January 2010 Presentation – Rex Energy Corp – slide 18
    Reconciliation of SEC PV-10 Reconciliation of PV-10 to Standardized Measure ( in millions) SEC Case Flat Case NYMEX Case Standardized measure of discounted future net cash flows 144.4 241.4 301.5 Discounted future net cash flows for…

From the store

Browse maps, data & reports in the Shale Experts store