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Q1 2013 Review – Exco Resources Inc.

Exco Resources Inc. · May 1, 2013 · 16 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q1 2013 Review – Exco Resources Inc. – slide 1
    EXCO Resources, Inc. First Quarter 2013 Review May 1, 2013 Q1 2013 Review
  2. Q1 2013 Review – Exco Resources Inc. – slide 2
    Q1 2013 Review Management Participants Doug Miller Chairman and CEO Mark Mulhern EVP and CFO Hal Hickey President and COO 2
  3. Q1 2013 Review – Exco Resources Inc. – slide 3
    Q1 2013 Review Introduction Reduced development program to Industry Trends better align with current gas prices As of March 2013, gas directed rig count is down 84% from 2008 peaks Target spending within cash flow Decline in…
  4. Q1 2013 Review – Exco Resources Inc. – slide 4
    Q1 2013 Review 2013 Goals Manage capital spending Efficiently Develop 2013 capital budget of 273 million is 45% less than 2012 capital spending Existing Asset Base Reduced capital program is within free cash flow Focus on…
  5. Q1 2013 Review – Exco Resources Inc. – slide 5
    EXCO Resources, Inc. Corporate & Financial Overview Mark Mulhern EVP & CFO Q1 2013 Review
  6. Q1 2013 Review – Exco Resources Inc. – slide 6
    Q1 2013 Review Corporate Highlights Q1 2013( 3 ) Q4 2012 Q1 2012 Average production (Mmcfe/d) 452 477 537 Average realized price (/Mcfe) 3.40 3.47 2.76 Revenues including cash settlements 154,941 191,555 184,993 Direct…
  7. Q1 2013 Review – Exco Resources Inc. – slide 7
    Q1 2013 Review Liquidity EXCO Partnership ( in thousands) 3/31/2013 12/31/2012 3/31/2013 Cash and restricted cash 76,130 115,729 14,932 Amount drawn on bank credit facility 494,234 1,107,500 374,000 2018 Senior Notes 750,000…
  8. Q1 2013 Review – Exco Resources Inc. – slide 8
    Q1 2013 Review Current Hedge Position(1) EXCO Partnership Type Volume Strike Volume Strike Natural Gas (Mmbtus) (Mmbtus) Q2 - Q4 2013 Swap 61,575,000 4.17 20,625,000 3.72 2014 Swap 52,925,000 4.26 14,600,000 4.14 2015 Swap…
  9. Q1 2013 Review – Exco Resources Inc. – slide 9
    Q1 2013 Review EXCO First Quarter 2013 Guidance vs. Actuals Reflects conventional partnership interest effective February 14, 2013 First Quarter 2013 Guidance: Guidance: (dollars in thousands, except per unit amounts) Low High…
  10. Q1 2013 Review – Exco Resources Inc. – slide 10
    Q1 2013 Review EXCO Quarterly 2013 Guidance Reflects conventional partnership interest effective February 14, 2013 Q1 2013 Q2 2013E Q3 2013E Q4 2013E 2013E (dollars in thousands, except per unit amounts) Actual Low High Low High…
  11. Q1 2013 Review – Exco Resources Inc. – slide 11
    EXCO Resources, Inc. Operations Overview Hal Hickey President & COO Q1 2013 Review
  12. Q1 2013 Review – Exco Resources Inc. – slide 12
    Q1 2013 Review Operations Overview Operating Areas EXCO & EXCO/HGI Appalachia Haynesville/Bossier 5 Operated Rigs 1 Rig Manufacturing in DeSoto Parish Delineated Shelby Area, held majority of leases, deferring development…
  13. Q1 2013 Review – Exco Resources Inc. – slide 13
    Q1 2013 Review East Texas/North Louisiana Haynesville and Bossier Shales Current operated shale production 1.0 TX LA Bcf/d gross Net production of 338 Mmcf/d(1) 396 operated and 179 OBO horizontal Holly shale wells flowing to…
  14. Q1 2013 Review – Exco Resources Inc. – slide 14
    Q1 2013 Review Appalachia Total net production of 63 Mmcfe/d(1) Marcellus milestones: Marcellus net production of 48 Mmcf/d(1) Central Area represents a 105% increase from YE 2011 Recently set record gross production of 202…
  15. Q1 2013 Review – Exco Resources Inc. – slide 15
    Q1 2013 Review Partnership Operating Areas West Texas Permian East Texas / North Louisiana Waskom Vernon Danville Holly/CV Long-life reserves in a concentrated Long-life reserves in concentrated fields geographical area…
  16. Q1 2013 Review – Exco Resources Inc. – slide 16
    Q1 2013 Review TGGT Holdings, LLC Throughput currently at 1.3 Bcf/d Average Q1 throughput of 1.4 Bcf/d TGGT System Holly: 1,019 Mmcf/d Shelby: 113 Mmcf/d Legacy East Texas: 235 Mmcf/d Holly Q1 2013 adjusted EBITDA of 37…

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