EXCO Resources, Inc. Acquisitions Overview July 8, 2013
EXCO Resources, Inc. Executing on 2013 Goals Significant acquisitions in both existing core area and new play Adds production and resource potential More balanced exposure to oil, liquids and natural gas EXCO/HGI Production EXCO…
Strategic Rationale Approximately 60% of purchase price allocated to proved developed wellbores Significant PDP Significant cash flow from producing assets; trailing 12 month EBITDA of Cash Flow approximately 165 million Substantial…
Transaction Overview 610 million allocated to proved developed properties 390 million allocated to undeveloped properties 680 Million: Eagle Ford 320 Million: Haynesville 4
Transaction Overview (continued) EXCO Resources, Inc. has agreed to purchase assets from Chesapeake Energy (CHK) for approximately 1 billion (subject to closing adjustments) Eagle Ford 680 million: CHKs interests in approximately 120…
Transaction Overview (continued) Transaction financing in place Finance the Haynesville acquisition under EXCOs existing credit agreement BG Group has a preferential right to acquire 50% of the Haynesville properties Following the…
Asset Overview Eagle Ford Area Eagle Ford Black Oil Window Zavala, Dimmit, Frio, and LaSalle Counties 55K net acres; 21K acres in core Area 1 development area Acreage Farmout option on additional 147K net acres WI/NRI 70% WI and 52%…
Asset Overview Haynesville 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 sections; 62% in the 11 CHK operated WI sections…
CLOSING EXCO is executing its strategy Deal increases earnings and cash flow in a meaningful way due to high percentage of production Diversifies our exposure with Eagle Ford oil opportunity Strong financing support from our bank…
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