EXCO Resources, Inc. First Quarter 2012 Review May 2, 2012 PPT 258 2012 Q1 Review
PPT 258 2012 Q1 Review Management Participants Doug Miller Chairman and CEO Steve Smith President and CFO Hal Hickey Vice President and COO Paul Rudnicki Vice President 2
PPT 258 2012 Q1 Review Introduction Since the end of 2011, we have made significant progress on our 2012 goals Reported average production of 533 Mmcfe/d for Q1 2012 Completed spacing test in Shelby 215 Mmcf/d gross volume from…
EXCO Resources, Inc. Corporate Overview Steve Smith President and Chief Financial Officer PPT 258 2012 Q1 Review
PPT 258 2012 Q1 Review Corporate Highlights Q1 2012 Q1 2011 % Change Average production (Mmcfe/d) 533 408 31% Average Realized Price (/Mcfe) 2.78 4.40 -37% Revenues including cash settlements 184,993 188,163 -2% Direct…
PPT 258 2012 Q1 Review Quantifying 1st Quarter Progress Reduced operated rig count ahead of schedule; currently at 11 total rigs Q4 2011 Currently % Change Haynesville 18 7 -61% Marcellus 4 3 -25% Permian 1 1 0% Total Operated…
PPT 258 2012 Q1 Review Realized Significant Cost Reductions in Q1 Drilling and Completion Frac Cost 220K per stage to 165K per stage, resulting in 600K savings per well Tubing design and installation procedure changes 200K…
PPT 258 2012 Q1 Review Production and Debt Profile Potential monetizations will be used to pay down existing debt 8
EXCO Resources, Inc. Financial Summary and Guidance Paul Rudnicki VP Financial Planning & Analysis PPT 258 2012 Q1 Review
PPT 258 2012 Q1 Review Liquidity and Derivative Position Liquidity: in thousands 3/31/2012 4/25/2012 Borrowing base at Cash and restricted cash 194,613 182,644 4/25/12 is proforma Bank debt (LIBOR + 1.75% to 2.75%) 1,177,500…
PPT 258 2012 Q1 Review First Quarter 2012 Guidance vs. Actuals First Quarter 2012 Guidance: Guidance: (dollars in thousands, except per unit amounts) Low High Actual Variance Explanations Production: Oil - Mbbls 184 190 192…
PPT 258 2012 Q1 Review Quarterly 2012 Guidance Q1 2012 Q2 2012E Q3 2012E Q4 2012E 2012E (dollars in thousands, except per unit amounts) Actual Low High Low High Low High Low High Production: Oil - Mbbls 192 188 194 186 194 182…
EXCO Resources, Inc. Operational Update Hal Hickey Chief Operating Officer PPT 258 2012 Q1 Review
PPT 258 2012 Q1 Review 2012 Year to Date Accomplishments and Plans Achieved operational targets Total EXCO Appalachia Pennsylvania Proved Reserves(1) = 1.7 Tcfe Averaged 533 Mmcfe/d for Q1 Net Production(2) = 533 Mmcfe/d Proved…
PPT 258 2012 Q1 Review 2012 Capital Budget 2012 development plan focused on managing cash Current Operated Rig Count flow in a low natural gas price environment Permian 1 2012 capital budget of 470(1)(2) million is 54% less…
PPT 258 2012 Q1 Review Cost Reduction Initiatives Capital Reducing operated rig count; now at 11 from high of 28 in 2011 Focus on well development costs Ended 2011 at 9.5 million well cost in Holly Haynesville; estimating 8.5…
PPT 258 2012 Q1 Review East Texas/North Louisiana Haynesville and Bossier Shales 264,000 gross acres (132,000 net) with 64,500 acres with Haynesville/Bossier shale potential Majority of shale acreage is HBP Average gross…
PPT 258 2012 Q1 Review Appalachia 760,000 gross acres (325,000 net) with 140,000 net acres with Marcellus shale potential Significant held by production position Marcellus milestones: Central Area Currently producing 116 Mmcf/d…
PPT 258 2012 Q1 Review Non-shale Assets 1.0 Tcf of reserves and resources potential Production Breakdown (Mmcfe/d) Conventional assets represent 23% of our net production(1) Permian: 4,000 Boe/d 18% East Texas/North Louisiana:…
PPT 258 2012 Q1 Review Permian Basin Area Overview Overview Map of Operations 26,900 net acres in the Permian Basin Long-life reserves in mature oil fields Low operating cost with multiple reservoir potential Development…
PPT 258 2012 Q1 Review Cline Shale and Horizontal Wolfcamp Activity and Potential Permian acreage prospective for Wolfcamp Cline and Wolfcamp horizontal Shelf Edge Cline drilling Range, Pioneer, Only Devon, Laredo, Potential…
PPT 258 2012 Q1 Review TGGT Holdings, LLC Throughput currently at 1.6 Bcf/d Average Q1 throughput exceeded 1.5 Bcf/d TGGT System Holly: 1,030 Mmcf/d Shelby: 196 Mmcf/d Legacy East Texas: 303 Mmcf/d Holly Started treating…
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