EXCO Resources, Inc. Second Quarter 2012 Review August 1, 2012 PPT 267 2012 Q2 Review
PPT 267 2012 Q2 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 267 2012 Q2 Review Introduction Production and earnings beat Realized earnings above consensus forecast Average production of 550 Mmcfe/d for Q2 2012, above high range of guidance Progressing on our 2012 goal to manage costs…
EXCO Resources, Inc. Corporate Overview Steve Smith President and Chief Financial Officer PPT 267 2012 Q2 Review
PPT 267 2012 Q2 Review Corporate Highlights YOY% Q1 2012 Q2 2012 Q2 2011 Change Average production (Mmcfe/d) 537 550 504 9% Average Realized Price (/Mcfe) 2.76 2.36 4.51 -48% Revenues including cash settlements 184,993 179,793…
PPT 267 2012 Q2 Review Quantifying 2nd Quarter Progress Reduced operated rig count ahead of schedule; currently at 8 total rigs % Change (Q4 Operated Rigs 2011 Q4 2011 Q2 2012 Currently to Current) Haynesville 22 18 7 5 -72%…
PPT 267 2012 Q2 Review Production and Debt Profile Potential monetizations will be used to pay down existing debt 7
EXCO Resources, Inc. Financial Summary and Guidance Paul Rudnicki VP Financial Planning & Analysis PPT 267 2012 Q2 Review
PPT 267 2012 Q2 Review Liquidity and Derivative Position Liquidity: in thousands 6/30/2012 7/25/2012 Cash and restricted cash 113,154 145,370 Bank debt (LIBOR + 1.75% to 2.75%) 1,107,500 1,107,500 Senior notes due 2018 (7.5%)(1)…
PPT 267 2012 Q2 Review Second Quarter 2012 Guidance vs. Actuals Second Quarter 2012 Guidance: Guidance: (dollars in thousands, except per unit amounts) Low High Actual Variance Explanations Production: Oil - Mbbls 188 194 182…
PPT 267 2012 Q2 Review Quarterly 2012 Guidance Q1 2012 Q2 2012 Q3 2012E Q4 2012E 2012E (dollars in thousands, except per unit amounts) Actual Actual Low High Low High Low High Production: Oil - Mbbls 192 182 186 194 182 190 743…
EXCO Resources, Inc. Operational Update Hal Hickey Chief Operating Officer PPT 267 2012 Q2 Review
PPT 267 2012 Q2 Review Q2 2012 Operations Overview Operating Areas Total EXCO Appalachia Pennsylvania Proved Reserves(1) = 1.6 Tcfe Proved Total: 0.2 Tcfe Haynesville/Bossier Net Production(2) = 550 Mmcfe/d Net Production: 41…
PPT 267 2012 Q2 Review 2012 Capital Budget Current Operated Rig Count 2012 development plan focused on managing cash flow in a low natural gas price environment Permian 2 2012 Capital Budget of 470(1)(2) million is 54% less…
PPT 267 2012 Q2 Review Cost Reduction Initiatives Capital Reducing operated rig count Focus on drilling and completion costs Ended 2011 at 9.5 million well cost in Holly Haynesville; estimating 8.3 million currently and…
PPT 267 2012 Q2 Review East Texas/North Louisiana 247,500 gross acres (123,600 net) in ETX/NLA; 61,500 net acres with Haynesville/Bossier shale potential More than 90% of shale acreage is held by production Holly…
PPT 267 2012 Q2 Review Appalachia 740,000 gross acres (318,000 net) with 135,000 net acres with Marcellus shale potential Significant held by production position Marcellus milestones: Central Area Currently producing 146…
PPT 267 2012 Q2 Review Non-shale Assets 1.0 Tcf of reserves and resources potential Production Breakdown (Mmcfe/d) Conventional assets represent 21% of our net production(1) Permian: 4,200 Boe/d East Texas/North Louisiana: 76…
PPT 267 2012 Q2 Review Permian Basin Area Overview Overview Map of Operations 28,800 net acres in the Permian Basin Wolfcamp Cline Only Shelf Edge Development focused on Canyon Potential Range, Pioneer, Sand; evaluating…
PPT 267 2012 Q2 Review TGGT Holdings, LLC Throughput currently at 1.5 Bcf/d Average Q2 throughput exceeded 1.5 Bcf/d TGGT System Holly: 1,051 Mmcf/d Shelby: 211 Mmcf/d Legacy East Texas: 270 Mmcf/d Holly Adjusted EBITDA…
Loading...
