EXCO Resources, Inc. March 2015 Investor Presentation
March 2015 Investor Presentation Update on Recent Events and Initiatives Divested our interest for 119 million in cash (portion used to pay down EXCOs revolver) and removed Compass Production Partners 83 million of Compass…
March 2015 Investor Presentation 2015 Capital Budget of 275 Million Align capital spending levels with expected Adjusted EBITDA(1) Reducing rig count from an average of seven rigs in 2014 to four rigs in 2015 2014 total spuds of…
March 2015 Investor Presentation 2015 Capital Budget 2015 capital budget of 275 million 35% lower than 2014 total capital expenditures 2015 budget targets production of 335 to 355 Mmcfe/d Essentially flat (excluding Compass in…
March 2015 Investor Presentation East Texas / North Louisiana Q4 2014 average daily production 240 Mmcfe/d TX LA net 481 EXCO operated wells flowing to sales (397 LA / 84 TX) 203 non-operated wells Holly Area Net shale…
March 2015 Investor Presentation East Texas Shelby Program Eight well 2014 program consisted of five wells targeting the Shelby Area Haynesville and three wells targeting the Bossier Wells strategically drilled across the…
March 2015 Investor Presentation East Texas and North Louisiana Economics and Sensitivities Selected Wellhead Rates of Return - 12/31/14 Strip(1) ETX Shelby (ELL 6,900) Return Sensitivity(2) 40% 70% 34% 35% 60% 30% 30% 30%…
March 2015 Investor Presentation North Louisiana Base Production Optimization Focused on reducing declines and increasing returns on maturing assets Initial Refrac Base production initiatives help flatten base decline and reduce…
March 2015 Investor Presentation South Texas Q4 2014 average daily production of 6,083 South Texas BOE/d net 209 producing wells Concentrated acreage position in oil window 52,900 net acres (11,300 net in Core) Recent…
March 2015 Investor Presentation Demonstrated Ability to Add Value Through Efficient Operations Demonstrated track record North Louisiana of driving drilling and completion costs lower 12.0 10.9 10.0 60 Increased proppant 49…
March 2015 Investor Presentation Appalachia Maintain optionality with minimal cost to carry Q4 2014 average daily production 55 Mmcfe/d net total 41 Mmcfe/d net Marcellus 127 horizontal Marcellus wells Net prospective…
March 2015 Investor Presentation Multi-Year Value Creation Opportunities Across EXCOs Portfolio Shifting development to later years enhances returns with contango commodity prices East Texas Opportunity to add additional PDP…
March 2015 Investor Presentation Positive Deleveraging Momentum EXCO has worked aggressively to reduce debt and enhance liquidity 2,100 2,000 1,900 1,800 Total debt in millions reduction of 1,700 602mm…
March 2015 Investor Presentation Debt and Liquidity Position Pro Forma ( in thousands) 12/31/2014 Amended credit agreement and set Cash and restricted cash 70,275 borrowing base at 725 million Amount drawn on credit agreement…
March 2015 Investor Presentation South Texas Offer Process Update Made first offer for seven wells in January for 15 million One Committed well (approximately 3 million) and six Uncertainty wells Offer is based on PV-10 of seven…
March 2015 Investor Presentation Well Positioned For Current Commodity Cycle 2015 budget of 275 million is 35% lower than 2014 spending and aligned with 2015 adjusted EBITDA(1) Preserve Liquidity and Amended credit facility to…
EXCO Resources, Inc. Appendix
March 2015 Investor Presentation Year End 2014 Proved Reserves Year end 2014 SEC proved reserves Year End 2013 to Year End 2014 SEC Proved Reserves Reconciliation are 1,264 Bcfe(1) with 1,543 1,800 million PV-10(1)(2) 1,600…
March 2015 Investor Presentation 2015 First Quarter and Full-Year Guidance(1) 1Q 2015 FY 2015 Low High Low High Production: Oil (Mbbls) 540 550 2,250 2,300 Natural Gas (Mmcf) 26,910 27,750 108,775 115,775 Total…
March 2015 Investor Presentation Type Curve Summary East Texas Shelby Area (6,900 North Louisiana Holly Core ELL) 1.3 BCF/1,000 CAPEX (m, gross) 10,844 7,250 EUR (BCF, gross) 8.9 6.9 Average WI 40.8% 51.0% Average NRI…
March 2015 Investor Presentation December 31, 2014 Price Deck NYMEX futures prices as of December 31, 2014 Gas Oil 2015 3.01 56.76 2016 3.46 63.21 2017 3.76 66.83 2018 3.96 68.67 2019 4.12 69.85 2020 4.26 70.65 Terminal…
March 2015 Investor Presentation EBITDA and Adjusted EBITDA Reconciliation Three Months Ended Year Ended (in thousands) December 31, 2014 September 30, 2014 December 31, 2013 December 31, 2014 December 31, 2013 Net income…
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