Skip to main content Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. Investor Presentation | Shale Experts
Loading...
Pm

Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp.

Eclipse Resources Corp. · May 7, 2015 · 16 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 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 1
    First Quarter 2015: Financial Review & Operational Update May 7, 2015 NYSEECR
  2. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 2
    1Q15EarningsCall 1Q15 Accomplishments Grew average production by 316% from 38.5 MMcfe/d in the fourth quarter of 2014 to 160 MMcfe/d in the first quarter of 2015 Production 29% sequential quarterly production increase over the…
  3. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 3
    1Q15EarningsCall Peer Leading Drilling Performance Eclipse has participated to date in drilling 181 gross Utica Shale wells Days to TD 40 to Total Depth (TD) 31% 67 operated wells faster 36 30 114 non-operated wells with 8…
  4. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 4
    1Q15EarningsCall Well Cost Progression Eclipse has reduced its type well drilling and completion costs in each development area through drilling efficiencies, modified casing designs and downward pressure on completions services;…
  5. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 5
    1Q15EarningsCall Operated Producing Utica Wells 6 13 Producing 30-Day 8 Wells Average Turn to Map Operated Unit Type Avg. Sales in Completed Sales % Gas % NGL % Oil ID Name Curve Area Rate/Well(1) Unit Lat Length Month…
  6. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 6
    1Q15EarningsCall Production vs. Type Curves Eclipse has interests in 122 producing Utica Shale Dry Gas Areas gas wells to date 10,000 Mmcfe 43 Dry Gas wells 16 Rich Gas wells 63 Condensate wells 1,000 Newer vintage wells, with…
  7. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 7
    1Q15EarningsCall Operated Wells in Progress Eclipse has elected to defer completions on 765 stages across 25 Utica wells (19.8 net) in the companys Condensate type curve window to date Operated Net Well Summary Operated Wells as…
  8. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 8
    1Q15EarningsCall Revenues & EBITDAX Adjusted Revenue(1) ( MM) 60 1Q15 50 49.8 Average Net Price (/Mcfe) 40 Avg / Mcfe Price, as reported 3.05 30 Plus cash settled derivatives 0.42 Realized Price 3.47 20 23.3 Natual Gas (/…
  9. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 9
    1Q15EarningsCall Operating Expenses Per unit operating expenses increased slightly due to increased liquid processing and treating expense; however, costs remained below our guidance range Operating Expenses ( MM)(1) 20 2.00…
  10. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 10
    1Q15EarningsCall Liquidity, Capitalization & Hedging Highlights Liquidity ( MM)(1) 450 Strong liquidity and hedge position 400 28 Ended first quarter with liquidity of 393 million 393 350 125 Approximately 84,000 MMBtu/d of…
  11. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 11
    1Q15EarningsCall 2015 Gas Marketing Summary Access to Gulf Coast and Midwest markets expected to provide 0.40-0.50/Mcf of uplift after transportation expense relative to Dom South in 2015(1) Highlights Q1-15 Sales Markets Q2 to…
  12. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 12
    1Q15EarningsCall 2015 Guidance Second Quarter 2015 Full Year 2015 Average Daily Production 170 - 180 MMcfe/d 180 - 190 MMcfe/d % Natural Gas 62 - 64% 67 - 70% % NGL 18 - 20% 15 - 19% % Oil 17 - 19% 13 - 16% Natural Gas Price…
  13. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 13
    APPENDIX
  14. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 14
    1Q15EarningsCall Operated Producing Well Detail Well Name Completed Lat Length Type Curve Area Turn-to-Sales Month 24-Hr Peak Sales Rate (Mcfe/d) Producing 30-Day Avg Sales Rate(1) (Mcfe/d) % Gas % NGL % Oil Tippens 6HS…
  15. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 15
    1Q15EarningsCall Hedging Summary(1) Eclipse Resources 2015 gas production is hedged at an average price of 3.76/MMBtu Volume Weighted Average Natural Gas Hedges Production Period (MMBtu/d) Price (/MMBtu) Natural Gas Swaps…
  16. Q1 2015 FINANCIAL AND OPERATIONAL REVIEW – Eclipse Resources Corp. – slide 16
    1Q15EarningsCall Non-GAAP Reconciliations Adjusted EBITDAX Adjusted Net Loss Three Months Ended Three Months Ended March 31, March 31, March 31, March 31, ( in thousands) 2015 2014 ( in thousands) 2015 2014 Net Loss (34,103)…

From the store

Browse maps, data & reports in the Shale Experts store