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Q1 2015 REVIEW – Exco Resources Inc.

Exco Resources Inc. · May 6, 2015 · 19 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. Q1 2015 REVIEW – Exco Resources Inc. – slide 1
    First Quarter 2015 Review Hal Hickey Chief Executive Officer Ricky Burnett Chief Financial Officer April 29, 2015
  2. Q1 2015 REVIEW – Exco Resources Inc. – slide 2
    Investment Highlights Value Drivers Description Restructuring Liability Management: Boost liquidity and restructure transportation contracts Potential Portfolio Repositioning: Opportunity to re-structure BG JV and South Texas…
  3. Q1 2015 REVIEW – Exco Resources Inc. – slide 3
    Operational And Financial Highlights Key Highlights Updates Cost Reduction Reduced workforce by 15% Initiative In Process Negotiated cost reductions with certain vendors; reduced overall drilling and 1 completions costs per well by…
  4. Q1 2015 REVIEW – Exco Resources Inc. – slide 4
    Results on Recent Developments and Initiatives Key Highlights Updates Senior Management Harold L. Hickey appointed to position of Chief Executive Officer and President of Update EXCO in March 2015 Harold H. Jameson appointed to…
  5. Q1 2015 REVIEW – Exco Resources Inc. – slide 5
    EXCO Overview: Three Concentrated Resource Positions In Highly Advantaged Basins Operating Area Overview 1 Core Basins 2 East Texas And North Louisiana Net Acres 99,300 Appalachia Operated Rigs 3 Q1 15 Net Production (Mmcfe/d) 252…
  6. Q1 2015 REVIEW – Exco Resources Inc. – slide 6
    EXCOs Cost Reduction Initiative Has Been Highly Successful East Texas Well Cost1 And Days To Drill Cost leadership is Critical 1 2014-2015E; MM; Days 2 EXCO has successfully reduced drilling and Days to drillto drill Days completion…
  7. Q1 2015 REVIEW – Exco Resources Inc. – slide 7
    East Texas / North Louisiana Overview Operating Area Overview 1 Area Of Operations 2 Attribute Key Features Total Acreage 99,300 net acres (85,300 shale) Holly 86% HBP Active Wells 497 flowing to sales Shelby Production Q1 15: 252…
  8. Q1 2015 REVIEW – Exco Resources Inc. – slide 8
    EXCOs Shelby Area Well Results Continue To Improve Operational Highlights 1 Area Of Operations 2 Key Developments EXCOs 2015 development program focuses on the Shelby area Plans for full year 2015 include drilling 21 gross (9.7…
  9. Q1 2015 REVIEW – Exco Resources Inc. – slide 9
    The North Louisiana Bossier Test Was A Success And Provides Future Opportunity Operational Highlights 1 Area Of Operations 2 Key Developments Successfully completed and turned to sales the Branch Ranch 5-3 Bossier test well in January…
  10. Q1 2015 REVIEW – Exco Resources Inc. – slide 10
    EXCO Continues To Refine Its Re-Frac Program And Improve The Economic Potential Operational Highlights 1 Area Of Operations 2 Key Developments EXCO completed its sixth operated re-frac in January 2015 Results have averaged 4X…
  11. Q1 2015 REVIEW – Exco Resources Inc. – slide 11
    South Texas Overview Operating Area Overview 1 Area Of Operations 2 Attribute Key Features Total Acreage 52,900 net acres 92% HBP; 85% prospective for Buda Active Wells 220 flowing to sales Production Q1 15: 6,009 Boe/d Targeted…
  12. Q1 2015 REVIEW – Exco Resources Inc. – slide 12
    Appalachia Overview Operating Area Overview 1 Area Of Operations 2 Attribute Key Features Total Acreage 290,000 net acres (157,000 shale) 75% HBP (shale) Active Wells 126 Marcellus flowing to sales 5,708 conventional flowing to…
  13. Q1 2015 REVIEW – Exco Resources Inc. – slide 13
    2015 First Quarter Financial And Operational Results Three Months Ended 1Q 15 4Q 14 1Q 14 Factors Unit Actual Actual % Change Actual % Change Production Oil Mbbls 504 527 (4) 593 (15) Natural Gas Mmcf 27,454 28,121 (2) 33,076…
  14. Q1 2015 REVIEW – Exco Resources Inc. – slide 14
    2015 Financial And Operational Guidance Actual Guidance 1Q 2015 1Q 2015 2Q 2015 FY 2015 Factors Unit Actual Low High Low High Low High Production Oil Mbbls 504 540 550 550 570 2,250 2,300 Natural Gas Mmcf 27,454 26,910 27,750…
  15. Q1 2015 REVIEW – Exco Resources Inc. – slide 15
    2015 First Quarter Cash Flow Results Three Months Ended 1Q 2015 4Q 2014 1Q 2014 Factors Unit Actual Actual % Change Actual % Change Operating Activities MM 57 4 1,325 200 (72) Investing Activities MM (120) 15 (900) (24) (400)…
  16. Q1 2015 REVIEW – Exco Resources Inc. – slide 16
    Financial Flexibility Three Months Ended Factors 1Q 2015 1Q 2015 4Q 2014 1Q 2014 Net Debt, MM Cash And Restricted Cash 48 % % Amount Drawn Revolver 247 Factors Unit Actual Actual Change Actual Change 2018 Senior Note 750 2022…
  17. Q1 2015 REVIEW – Exco Resources Inc. – slide 17
    Hedge Positions 9 Months Ended 12 Months Ended 12 Months Ended 12/31/2015 12/31/2016 12/31/2017 Factors Unit Volume Price Volume Price Volume Price Natural Gas Fixed Price Swaps - Henry Hub Bbtu,/Mmbtu 37,813 4.02 9,150 3.37 7,300…
  18. Q1 2015 REVIEW – Exco Resources Inc. – slide 18
    March 31, 2015 Price Deck Henry Hub Natural Gas Prices WTI Crude Oil Prices Year /Mcf /Bbl 2015 2.81 52.08 2016 3.11 58.22 2017 3.35 61.30 2018 3.45 62.97 2019 3.53 64.05 2020 3.64 65.18 Terminal 4.00 70.00 22
  19. Q1 2015 REVIEW – Exco Resources Inc. – slide 19
    EBITDA, Adjusted EBITDA, Adjusted Operating Cash Flow and Free Cash Flow Reconciliations EBITDA, Adjusted EBITDA, Adjusted Operating Cash Flow and Free Cash Flow Earnings before interest, taxes, depreciation, depletion and amortization…

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