EXCO Resources, Inc. Second Quarter 2013 Review August 6, 2013 Q2 2013 Review
Q2 2013 Review Management Participants Doug Miller Chairman and CEO Hal Hickey President and COO Mark Mulhern EVP and CFO 2
Q2 2013 Review Introduction Solid Q2 financial results Resulting from discipline around capital deployment and cost management Established foundation for additional future growth through Eagle Ford and Haynesville acquisitions…
Q2 2013 Review Executing our 2013 Goals Execute acquisitions in both existing core areas and new plays EXCO closed 1 billion in transactions during July from Chesapeake Focus Resources on A&D Added production and resource…
EXCO Resources, Inc. Operations Overview Hal Hickey President & COO Q2 2013 Review
Q2 2013 Review Operations Overview Operating Areas EXCO & EXCO/HGI Marcellus 4 Operated Rigs 0 1 Rig Haynesville/Bossier at 6/30/13 Manufacturing in DeSoto Parish Delineated Shelby Area, hold majority of leases, deferring…
Q2 2013 Review Asset Overview Eagle Ford Acquisition July 2013 Area Eagle Ford Black Oil Window Zavala, Dimmit, Frio, and La Salle Counties 55K net acres; 21K acres in core development area Acreage Farmout option on additional…
Q2 2013 Review Asset Overview Haynesville Acquisition July 2013 Area Haynesville Core DeSoto Parish Acreage 5,600 net acres in EXCO operated sections; 4,000 in CHK operated sections Additional 22% in the 42 EXCO operated…
EXCO Resources, Inc. Corporate & Financial Overview Mark Mulhern EVP & CFO Q2 2013 Review
Q2 2013 Review Strategic Rationale for Acquisitions Approximately 60% of purchase price allocated to proved developed reserves Significant PDP Significant cash flow from producing assets; trailing 12 month EBITDA of Cash Flow…
Q2 2013 Review Eagle Ford Development Structure EXCO purchased 100% of the PDP assets in the Eagle Ford The undeveloped Eagle Ford locations will be drilled and developed under a development agreement with entities advised by…
Q2 2013 Review Corporate Highlights ( in thousands) Q2 2013( 3 ) Q1 2013( 3 ) Q2 2012 Average production (Mmcfe/d) 420 452 550 Average realized price (/Mcfe) 3.93 3.40 2.36 Revenues including cash settlements 151,126 154,941…
Q2 2013 Review Liquidity EXCO/HGI (1) EXCO EXCO Pro Forma Partnership TGGT ( in thousands) 6/30/2013 6/30/2013 6/30/2013 6/30/2013 Cash and restricted cash 118,600 72,259 17,223 14,926 Amount drawn on bank credit facility 474,234…
Q2 2013 Review EXCO Second Quarter 2013 Guidance vs. Actuals Reflects EXCO/HGI Partnership interest effective February 14, 2013 Second Quarter 2013 Guidance: Guidance: (dollars in thousands, except per unit amounts) Low High…
Q2 2013 Review EXCO Quarterly 2013 Guidance Reflects EXCO/HGI Partnership interest effective February 14, 2013 Q1 2013 Q2 2013 Q3 2013E Q4 2013E 2013E (dollars in thousands, except per unit amounts) Actual Actual Low High Low…
Q2 2013 Review Current Hedge Position as of 8/1/2013 EXCO Resources, Inc. Gas Q3 2013 Q4 2013 2014 2015 Swaps - HH (Mmbtu/d) 225,000 225,000 155,000 77,500 NYMEX HH Strike 4.17 4.17 4.25 4.31 Calls - HH (Mmbtu/d) 55,000 55,000…
Q2 2013 Review Current Hedge Position as of 8/1/2013 EXCO/HGI Partnership Gas Q3 2013 Q4 2013 2014 Swaps - HH (Mmbtu/d) 75,000 75,000 40,000 NYMEX HH Strike 3.72 3.72 4.14 Oil Q3 2013 Q4 2013 2014 Swaps - WTI (Bbl/d) 1,500…
Loading...
