Skip to main content Q2 2014 EARNINGS CALL – Eclipse Resources Corp. Investor Presentation | Shale Experts
Loading...
Pm

Q2 2014 EARNINGS CALL – Eclipse Resources Corp.

Eclipse Resources Corp. · Aug 14, 2014 · 14 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. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 1
    Second Quarter 2014 Review August 14, 2014
  2. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 2
    Key Highlights Average Daily Production 41.9 Mmcfe/d, a 9% increase from the first quarter 2014 58.2 Mmcfe/d in June 2014, 52% increase from the first quarter 2014 average Commenced drilling 24 gross (16 net) operated Utica Shale…
  3. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 3
    Midstream/Marketing Update During the second quarter, several agreements totaling 455,000 dekatherms of firm transportation were executed and come on line as early as April 2015 Pipeline Start Date Term Volume (Dth/d) Market Floating…
  4. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 4
    Daily Production & Pricing Eclipse has achieved record revenue and production levels for the quarter Quarter to Quarter 2Q14 1Q14 1H2014 Change % Production Average Per Day Gas (Mcf/d) 27,020 30,519 (3,499) -11% 28,760 Oil (Bbls/d)…
  5. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 5
    Selected Financial Highlights Quarter to Quarter 2Q14 1Q14 1H2014 (in millions except per share and per Mcfe data) Change % Natural Gas Revenue 10.1 14.0 (3.9) -28% 24.0 Oil Revenue 10.6 10.3 0.3 3% 20.8 Natural Gas Liquids Revenue…
  6. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 6
    Balance Sheet and Liquidity Review Eclipse has ample liquidity to execute its drilling program Liquidity Status Borrowing Base 100 million Outstanding Borrowings 0 million Letters of Credit Outstanding 25 million Available Debt 75…
  7. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 7
    Current Operations Activity Eclipse continues to meet or exceed its drilling and completions goals Operated Drilling Activity Operated Spuds in 1H14 4 Operated horizontal rigs Spud 24 gross (16 net) wells in 2nd quarter, drilled 11…
  8. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 8
    2nd Half Planned Activity Eclipse will focus its drilling activity in the second half of the year primarily in the condensate and rich gas areas of the play Operated Non-Operated Adding 2 rigs in the 4th quarter; exit the year…
  9. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 9
    Guidance Third Quarter 2014 Full Year 2014 Production Total Production MMcfe/d 70 85 73 79 % Natural Gas 80 85% 72 76% % NGL 7 10% 8 11% % Oil 8 10% 12 14% % Operated 65 75% 65 75% Natural Gas Basis Differential & Transportation /…
  10. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 10
    Upcoming Events Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 August 2010 EnerComs 2010 Oil & Gas Conference 3 4 5 6 7 8 9 August Presenting August 20 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29…
  11. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 11
    Appendix Non-GAAP Reconciliation Tables
  12. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 12
    Adjusted EBITDAX Quarter to Quarter 2Q14 1Q14 1H2014 (in thousands except per Mcfe data) Change % Net loss (112,648) (18,451) (94,197) 511% (131,099) Depreciation, depletion & amortization 9,957 12,027 (2,070) -17% 21,984…
  13. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 13
    Adjusted Net Loss Quarter to Quarter 2Q14 1Q14 1H2014 (in thousands except per share data) Change % Loss Before Income Taxes, as reported (18,107) (18,451) 344 -2% (36,558) Loss on derivative instruments 863 3,611 (2,748) -76% 4,474…
  14. Q2 2014 EARNINGS CALL – Eclipse Resources Corp. – slide 14
    Hedging Volume Weighted Average Description Production Period (MMbtu/d) Swap Price (MMBtu) Natural Gas Swaps 20,000 July - December 2014 4.18 20,000 January - December 2015 4.09 Natural Gas Put Spread Purchased Put 20,000 June -…

From the store

Browse maps, data & reports in the Shale Experts store