Skip to main content Corporate March 2011 Presentation – Rex Energy Corp | Shale Experts
Loading...
Pm

Corporate March 2011 Presentation – Rex Energy Corp

Rex Energy Corp · Mar 7, 2011 · 21 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 March 2011 Presentation – Rex Energy Corp – slide 1
    Rex Energy Corporate Presentation Together We Can Make A Difference Rex Energy Corporation 476 Rolling Ridge Drive State College, PA 16801 P: (814) 278-7267 F: (814) 278-7286 E: InvestorRelationsRexEnergyCorp.com…
  2. Corporate March 2011 Presentation – Rex Energy Corp – slide 2
    Rex Energy Overview Significant upside in two high growth shale plays and tertiary oil recovery 1.4 2.0 Tcfe in non-proven Marcellus Shale resource potential (1) 17.4 30.5 Mmboe in non-proven Niobrara Shale resource potential (1)…
  3. Corporate March 2011 Presentation – Rex Energy Corp – slide 3
    Areas of Operation Appalachian Region 57,000 net acres in Marcellus Shale fairway o 61% of acreage in liquids rich portion of the play o Total non-proven resource potential of 1.4 2.0 Tcfe (1) o 30.0 million in drilling carries…
  4. Corporate March 2011 Presentation – Rex Energy Corp – slide 4
    Key Investment Highlights for 2011 Rex Energy is positioned for growth o Strong position in oil and liquids-rich areas o Company expects 2011 production growth of 71%-95% over 2010 Strong core position in the Appalachian Basin o…
  5. Corporate March 2011 Presentation – Rex Energy Corp – slide 5
    Positioned For Growth 50,000 140% 125% 45,000 120% 40,000 Mcfe/d Production 95% % Annual Growth 35,000 100% 30,000 71% 80% 25,000 20,000 60% 15,000 40% 10,000 24% 20% 5,000 5% 3% 0 0% 2008 Actual 2009 Actual…
  6. Corporate March 2011 Presentation – Rex Energy Corp – slide 6
    Reserve Growth Proved Reserve & Compound Annual Growth Rate Year-End 2010 (1) 300 125 33.6 Mmboe (201.7Bcfe) o 42% proved developed 250 120 o 37% oil & NGLs o 85% liquids rich capture Prove Reserves (Bcfe) 115 Year-End…
  7. Corporate March 2011 Presentation – Rex Energy Corp – slide 7
    2010 Reserves by Asset Region PDP PDNP PUD Total(1) Total Appalachia 27,227 9,022 116,407 152,656 Conventional 6,015 - - 6,015 Marcellus 21,212 9,188 116,407 146,808 Illinois 48,857 - - 48,857 Total 76,084 9,022 116,407 201,679…
  8. Corporate March 2011 Presentation – Rex Energy Corp – slide 8
    2011 Capital Budget Capital Budget (Net of Drilling Carries) ( in millions) Appalachia Illinois Rockies Total Drilling & Exploitation 81.4 3.0 21.0 105.4 Tertiary Recovery Projects - 0.7 - 0.7 Facilities, Equipment & HSE 0.9 7.5…
  9. Corporate March 2011 Presentation – Rex Energy Corp – slide 9
    2011 Capital Budget Capital Allocation by Commodity Capital Allocation by Region 26% 18% Dry Gas 8% Appalachia Illinois 74% Oil & Liquids 74% Rockies Rich Gas Capital Allocation by Activity Type Capital Allocation by…
  10. Corporate March 2011 Presentation – Rex Energy Corp – slide 10
    Current Hedging Summary Current Production Hedged Crude Oil 110% % of Current % of Current Avg. Floor Avg. Ceiling 100% with Floor with Ceiling Price Price 2011 80% 80% 68.54 104.69 90% 2012 80% 80% 67.10 112.03 80% 2013 N/A N/A…
  11. Corporate March 2011 Presentation – Rex Energy Corp – slide 11
    Marcellus Overview Butler County (Operated) 49,400 gross (34,100 net) acres Joint Venture with Sumitomo in Butler County o 70% Rex / 30% Sumitomo o 14.2 million in Sumitomo drilling carries remaining Butler Midstream Joint Venture…
  12. Corporate March 2011 Presentation – Rex Energy Corp – slide 12
    Marcellus Operated Overview Butler County, PA Marcellus Operated Area in PA 2010 Operational Highlights o Drilled 15 (10.5 net) wells in 2010, completed 8 gross (5.6 net) o Placed in service 4 gross (2.8 net) wells o Sarsen plant…
  13. Corporate March 2011 Presentation – Rex Energy Corp – slide 13
    Why Rex Values its Presence in Butler County Prospective Butler Units Core acreage position of 30,500 gross (21,400net) acres o Allows for minimal rig movement o Decreases in drilling time o Maximizes unitized acreage Inventory of…
  14. Corporate March 2011 Presentation – Rex Energy Corp – slide 14
    Marcellus Non-Operated Overview Westmoreland, Clearfield and Centre Counties, PA Sizeable acreage position with 49,000 gross (19,700 net) acres 2010 Operational Highlights o Currently have 12 gross (4.8 net) wells placed in service…
  15. Corporate March 2011 Presentation – Rex Energy Corp – slide 15
    Conceptual Marcellus Economics Butler County (Wet Gas) Assumptions (1) Before Tax IRR 2.5 MMcf/d IP Rate 50 4.4 Bcfe gross EUR 40 4.7 million drilling and completion costs BTAX IRR 30 15% royalties 20 Wet Gas Gas Price Basis…
  16. Corporate March 2011 Presentation – Rex Energy Corp – slide 16
    Marcellus Well Cost Comparison Marcellus Well Cost Allocation 13% 47% Reserve Well Economics Fracture Stimulation Average Well Cost of 4.7 million 40% Average Drilling and Completion cost - 1.9 million Drilling Average Frac Cost…
  17. Corporate March 2011 Presentation – Rex Energy Corp – slide 17
    Niobrara Overview 65,400 gross (45,000 net) acres 3 horizontal wells drilled, fractured and recovering load DJ Basin DJ Basin Niobrara Summary Thick Source Rock 300+ ft. Rex Energy Rex Energy Silo State 41-22H BJB 1H High total…
  18. Corporate March 2011 Presentation – Rex Energy Corp – slide 18
    Conceptual Niobrara Economics Niobrara Horizontal Well Assumptions Before Tax IRR 400 Bbls/d IP 120 Gas sales start 18 months after oil sales 100 4.2 million drilling and completion costs 80 BTAX IRR 18% royalties 60 40 Oil…
  19. Corporate March 2011 Presentation – Rex Energy Corp – slide 19
    Lawrence Field ASP Overview 13,100 gross (13,000 net) acres in Lawrence Field Illinois Basin 1 billion barrels of original-oil-in-place (OOIP) Field has produced 400 MMBbls since 1906 Wateflooded in the 1950s Two successful…
  20. Corporate March 2011 Presentation – Rex Energy Corp – slide 20
    ASP Conceptual Economics Capital for the ASP plant has already been spent 90% of future capital will be chemical costs North & Central areas of the field have been analyzed to date (75% of the field) o Identified 18 target continuous…
  21. Corporate March 2011 Presentation – Rex Energy Corp – slide 21
    Why Invest in Rex Energy Operationally o Estimated annual production growth of 71% - 95% in 2011 o 74% of 2011 capital budget allocated to oil and liquids rich operating areas o Strong growth with a historical reserve CAGR of 75% o…

From the store

Browse maps, data & reports in the Shale Experts store