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Q3 2011 Review – Exco Resources Inc.

Exco Resources Inc. · Nov 2, 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. Q3 2011 Review – Exco Resources Inc. – slide 1
    EXCO Resources, Inc. Third Quarter 2011 Review November 2, 2011 PPT 237 Q3 2011 Earnings Release
  2. Q3 2011 Review – Exco Resources Inc. – slide 2
    PPT 237 Q3 2011 Earnings Release Management Participants Doug Miller Chairman and CEO Steve Smith President and CFO Hal Hickey Vice President and COO Paul Rudnicki Vice President 2
  3. Q3 2011 Review – Exco Resources Inc. – slide 3
    PPT 237 Q3 2011 Earnings Release Introduction Strong volumes for both upstream and midstream Production volumes up 69% from Q3 2010 Midstream volumes up 30% from Q3 2010 Continuing to deliver results in our Haynesville/Bossier…
  4. Q3 2011 Review – Exco Resources Inc. – slide 4
    EXCO Resources, Inc. Corporate Overview Steve Smith President and Chief Financial Officer PPT 237 Q3 2011 Earnings Release
  5. Q3 2011 Review – Exco Resources Inc. – slide 5
    PPT 237 Q3 2011 Earnings Release Corporate Overview Q3 2010 Q3 2011 (3) (3) Amount Per Share Amount Per Share % Change Average production (Mmcfe/d) 320 540 69% Revenues including cash settlements 174,065 240,212 38% Direct…
  6. Q3 2011 Review – Exco Resources Inc. – slide 6
    PPT 237 Q3 2011 Earnings Release Unit costs improving as a result of shale development (2) (per Mcfe) Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 2011 E Oil and natural gas revenues 4.44 4.19 4.40 4.54 4.17 4.20 (1) Operating Costs…
  7. Q3 2011 Review – Exco Resources Inc. – slide 7
    PPT 237 Q3 2011 Earnings Release Production and Debt Profile Expect to exit 2011 with net production of nearly 600 Mmcfe/d Leverage Metrics More than replaced production monetized from 2009 /Mcf 2008 2009 2010 2010…
  8. Q3 2011 Review – Exco Resources Inc. – slide 8
    EXCO Resources, Inc. Financial Summary and Guidance Paul Rudnicki VP Financial Planning & Analysis PPT 237 Q3 2011 Earnings Release
  9. Q3 2011 Review – Exco Resources Inc. – slide 9
    PPT 237 Q3 2011 Earnings Release Liquidity and Derivative Position Liquidity: in thousands 6/30/2011 9/30/2011 Cash (1) 214,401 173,757 Fall borrowing base redetermination in process Bank debt (LIBOR + 1.5% to 2.5%) 851,500…
  10. Q3 2011 Review – Exco Resources Inc. – slide 10
    PPT 237 Q3 2011 Earnings Release Third Quarter 2011 Guidance vs. Actuals 70% production growth over Q3 2010 despite delayed restart of treating facilities Third Quarter 2011 Guidance: Guidance: (dollars in thousands, except per…
  11. Q3 2011 Review – Exco Resources Inc. – slide 11
    PPT 237 Q3 2011 Earnings Release Quarterly 2011 Guidance Forecasting annual production growth in excess of 60% compared to full year 2010 44 Mmcf/d of curtailed volume in Q3 associated with the TGGT facility incident; Q4 impact is…
  12. Q3 2011 Review – Exco Resources Inc. – slide 12
    EXCO Resources, Inc. Operational Update Hal Hickey Chief Operating Officer PPT 237 Q3 2011 Earnings Release
  13. Q3 2011 Review – Exco Resources Inc. – slide 13
    PPT 237 Q3 2011 Earnings Release Q3 2011 Operations Highlights Record net production volumes of 540 Appalachia Mmcfe/d; exceeded 1.2 Bcfe/d of gross 4 rigs running in Q3 operated production in East Texas/North Louisiana…
  14. Q3 2011 Review – Exco Resources Inc. – slide 14
    PPT 237 Q3 2011 Earnings Release 2011 Capital Forecast and Development Strategy Current E&P forecast totals 1,014 million(1) Drilling and completion Land 1,014M Corporate Other Operations 85% spending on shales in…
  15. Q3 2011 Review – Exco Resources Inc. – slide 15
    PPT 237 Q3 2011 Earnings Release East Texas/North Louisiana JV Shale Continued success in our core Haynesville/Bossier development areas Current operated shale production exceeds 1.2 Bcf/d gross; including OBO (operated by…
  16. Q3 2011 Review – Exco Resources Inc. – slide 16
    PPT 237 Q3 2011 Earnings Release Improved cycle times and completion optimization driving down Haynesville well costs Holly Area Well Cost Shelby Area Well Cost Realization of drilling and completion Deeper Haynesville target…
  17. Q3 2011 Review – Exco Resources Inc. – slide 17
    PPT 237 Q3 2011 Earnings Release Marcellus Shale Overview 847,000 gross acres (379,000 net) with 140,000 net acres with Marcellus shale potential Significant held by production position Currently producing 100 Mmcf/d gross…
  18. Q3 2011 Review – Exco Resources Inc. – slide 18
    PPT 237 Q3 2011 Earnings Release Appalachia Measured Marcellus Ramp-up in process Excellent recent results from 4 rig program; 3 are in Northeast Development Area Milestones ahead: Currently producing approximately 100 Mmcf/d…
  19. Q3 2011 Review – Exco Resources Inc. – slide 19
    PPT 237 Q3 2011 Earnings Release Non-shale Conventional Assets 1.2 Tcf of reserves and resources potential Conventional assets represent 22% of our net production(1) Production Breakdown Permian: 22 Mmcfe/d (45% oil) 4% 3%…
  20. Q3 2011 Review – Exco Resources Inc. – slide 20
    PPT 237 Q3 2011 Earnings Release TGGT Holdings, LLC Throughput currently at 1.6 Bcf/d Average Q3 throughput set a record, TGGT System exceeding 1.5 Bcf/d Holly: 983 Mmcf/d Holly Shelby: 211 Mmcf/d Legacy East Texas: 355…
  21. Q3 2011 Review – Exco Resources Inc. – slide 21
    PPT 237 Q3 2011 Earnings Release TGGT Treating Facility Incident Response Red River Parish, Louisiana Internal and external investigation teams have evaluated the incident and have made recommendations Project teams deployed to…

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