EXCO Resources, Inc. Third Quarter 2012 Review October 30, 2012 Q3 2012 Review
Q3 2012 Review Management Participants Doug Miller Chairman and CEO Steve Smith President and CFO Mike Chambers Vice President and GM ETX/NLA 2
Q3 2012 Review Introduction Recent developments Current Initiatives Hedging Evaluating various structures for monetization of conventional and Additional swaps added since September pipeline assets Year Volume WA Strike…
EXCO Resources, Inc. Corporate Overview Steve Smith President and Chief Financial Officer Q3 2012 Review
Q3 2012 Review Corporate Highlights Q3 2011 Q2 2012 Q3 2012 Average production (Mmcfe/d) 544 550 512 Average Realized Price (/Mcfe) 4.14 2.36 3.01 Revenues including cash settlements 240,212 179,793 192,346 Direct Operating…
Q3 2012 Review Quantifying Strategic Progress Operations Reduced operated rig count ahead of schedule; currently at 7 total rigs % Change (Q4 Operated Rigs 2011 Q4 2011 Q2 2012 Q3 2012 11 to Q3 12) Haynesville 22 18 7 5 -72%…
Q3 2012 Review Quantifying Strategic Progress Operations (Contd) Major cost cutting initiatives being realized Costs are 18% below Q4 2011 levels (1) Q3 G&A includes impact of severance payments of 1.6 million 7
Q3 2012 Review Liquidity and Derivative Position Liquidity: in thousands 9/30/2012 10/25/2012 Cash and restricted cash 140,859 147,816 Bank debt (LIBOR + 1.75% to 2.75%) 1,107,500 1,107,500 Senior notes due 2018 (7.5%)(1) 750,000…
Q3 2012 Review Third Quarter 2012 Guidance vs. Actuals Third Quarter 2012 Guidance: Guidance: (dollars in thousands, except per unit amounts) Low High Actual Variance Explanations Production: Oil - Mbbls 186 194 170 NGL -…
Q3 2012 Review Quarterly 2012 Guidance Q1 2012 Q2 2012 Q3 2012 Q4 2012E 2012E (dollars in thousands, except per unit amounts) Actual Actual Actual Low High Low High Production: Oil - Mbbls 192 182 170 166 174 710 718 NGL -…
EXCO Resources, Inc. Operations Overview Mike Chambers VP Operations and GM ETX/NLA Q3 2012 Review
Q3 2012 Review Operations Overview Operating Areas Total EXCO Appalachia Haynesville/Bossier 7 Operated Rigs 1 Rig Manufacturing in DeSoto Parish at reduced rig count Delineated Shelby Area, held majority of leases, stopped…
Q3 2012 Review 2012 Capital Budget 2012 development plan focused on Current Operated Rig Count managing cash flow in a low natural gas Permian 1 price environment Focus on Canyon Sands; potential to add 2012 Capital Budget of…
Q3 2012 Review East Texas/North Louisiana Haynesville and Bossier Shales Current operated shale production 1.0 Bcf/d gross TX LA Including OBO (operated by others), net production totals 342 Mmcf/d(1) Holly 358 operated…
Q3 2012 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 Current operated shale production of…
Q3 2012 Review TGGT Holdings, LLC Throughput currently at 1.4 Bcf/d Average Q3 throughput of 1.5 Bcf/d TGGT System Holly: 1,039 Mmcf/d Shelby: 169 Mmcf/d Legacy East Texas: 247 Mmcf/d Holly Quarterly Adjusted EBITDA of 42.5…
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