Third Quarter 2010 Review November 3, 2010 PPT-178 Q3 2010 Review
PPT-178 Q3 2010 Review Introduction Strong results driven by our Haynesville operations Total net production up 41% since YE 2009 127 operated Haynesville wells spud since late 2008 Encouraging results from initial wells in…
Results and Corporate Highlights Steve Smith PPT-178 Q3 2010 Review
PPT-178 Q3 2010 Review Corporate Highlights Pro Forma Q3 2010 Actuals Q3 2010 Guidance Midpoint Q3 2009 (3) (in thousands, except per share and production) Amount Per Share Amount Per Share(3) Amount Oil and natural gas…
PPT-178 Q3 2010 Review Production Profile Positioned for growth while exceeding our economic hurdles in low price environment 450 4,500 Net debt outstanding ( in millions) 400 4,000 Average net production (Mmcfe/d) 350…
Financial Review and Outlook Paul Rudnicki PPT-178 Q3 2010 Review
PPT-178 Q3 2010 Review Liquidity and Financial Position Consolidated ( in thousands) September 30, 2010 Cash(1) 151,373 Bank debt (L + 200 - 300bps) 254,400 7 1/2% (2) Senior Notes due 2018 750,000 Total debt 1,004,400…
PPT-178 Q3 2010 Review Derivatives Position NYMEX Contract Contract Contract natural gas price per NYMEX oil price per Equivalent price per % Hedged (1) Mmcf Mcf Mbls Bbl Mmcfe Equivalent 2010 Guidance Q4 2010 13,940 7.21…
PPT-178 Q3 2010 Review Third Quarter 2010 Guidance vs. Actuals Third Quarter 2010 Guidance: Guidance: (dollars in thousands, except per unit amounts) Low High Actual Description Production: Oil - Mbbls 170 178 178 Gas - Mmcf…
PPT-178 Q3 2010 Review Quarterly 2010 Guidance Q1 2010 Q2 2010 Q3 2010 Q4 2010E 2010E (dollars in thousands, except per unit amounts) Actual Actual Actual Low High Low High Production: Oil - Mbbls 159 168 178 180 188 685 693…
PPT-178 Q3 2010 Review Capital Spending Summary 2010 spending focused on shales in millions Total 2010 Budget(1) Development capital expenditures 340 Leasing 36 Seismic 25 Gas gathering and water pipelines 27 Corporate and…
Operations and Development Update Hal Hickey PPT-178 Q3 2010 Review
PPT-178 Q3 2010 Review Operational Strategy Proactively managing for low price environment Evaluate existing acreage and continue to add acreage in core areas Utilize leading technology 3D and micro seismic Well performance…
PPT-178 Q3 2010 Review Q3 Operating Results and Full Year Development Forecast Rig Q3 Production Q3 Q4 Forecast 2010 Forecast 2010 Forecast Operated activity only Count Mmcfe/d Completions Completions Completions Spuds…
PPT-178 Q3 2010 Review Core DeSoto Parish Haynesville Production 30 Day 60 Day 90 Day 180 Day 365 Day IP Avg. Avg. Avg. Avg. Avg. Production rate (Mmcf/d) 21.5 14.6 13.4 12.5 10.1 7.7 Wells online 73 64 58 56 37 15 We…
PPT-178 Q3 2010 Review Haynesville North Louisiana Area Reducing well costs & optimizing completions Implementing significant capital cost reduction Variable components of 11.0 cost reduction: 10.5 Drilling 10.0 Bit selection…
PPT-178 Q3 2010 Review Shelby Area Current development initiatives 9 Mmcf/d IP Shelby Trough in Shelby, San Augustine & Nacogdoches Counties, TX 12 Mmcf/d IP 13 operated horizontal 12 Mmcf/d IP shale wells flowing to…
PPT-178 Q3 2010 Review Central Pennsylvania Area Current Marcellus activity Integration process underway following the Q2 Competitor - 7 Mmcfe/d from 2 laterals closing of our joint venture with BG Group Planned Pad…
PPT-178 Q3 2010 Review TGGT Midstream Operations Additional expansion projects in Shelby Trough TGGT East TX / North LA System Throughput and EBITDA Margin TGG Legacy System Throughput and Margin 1,600 0.16 TGGT Holly System…
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