EXCO Resources, Inc. Investor Presentation November 2014
Third Quarter Highlights Adjusted EBITDA1,2 Q3 2014 - 94 million, above midpoint of guidance Continue to Deliver YTD - 311 million Capital expenditures3 Solid Results Q3 2014 - 104 million, below midpoint of guidance YTD - 303…
Recent Initiatives EXCO is well positioned for the current commodity cycle Worked aggressively to reduce debt and increase liquidity Successfully completed rights offering Termed out portion of capital structure Added hedges to…
East Texas / North Louisiana EXCO Q3 2014 average daily production 242 Mmcfe/d net 466 EXCO operated wells flowing to sales (386 LA / 80 TX) 199 non-operated wells Net shale acreage totals 71,000 (99% HBP) Four rigs currently…
East Texas 2014 Shelby Program Exceeding Expectations Jacob SU 1H Crenshaw SU 1H Shelby Area Eight well 2014 program consisted of five (Haynesville) (Haynesville) wells targeting the Haynesville and three wells targeting the…
North Louisiana Bossier Shale Plans in Holly Area Opportunity to transfer learnings North Louisiana Bossier from East Texas completion and flowback modifications to Bossier shale in North Louisiana Two existing wells Potential to…
North Louisiana Base Optimization Focused on reducing declines and increasing returns on maturing assets Initial Refrac Base initiatives offset PDP declines and reduce capital intensity Refrac opportunities Artificial lift Field…
South Texas Concentrated acreage position in oil window Core Area Acreage 49,000 net acres (11,700 net in Core) Optionality on farm-in acreage Operated production of 5,839 BOE/d1 net from 170 producing wells 55 pumping units…
South Texas Operational Excellence Third quarter activity Spud to Rig Release Improvements Operated an average of two rigs 18 11 gross wells (2.7 net) drilled; 14 gross wells 16 (2.9 net) turned-to-sales 31 wells in inventory as of…
Appalachia Central Maintain optionality with minimal Development Area cost to carry Northeast Development Area Q3 2014 average daily production 56 Mmcfe/d net total West Virginia Central Appraisal 42 Mmcfe/d net Marcellus…
South Texas 2015 Offer Wells 2015 Q1 7 Wells Q2 Q3 Q4 41 Offer 25 to 11 Wells 11 Wells 12 Wells Wells Wells1 30 mm Currently seven wells are eligible for the first quarter 2015 offer process; EXCO is providing a current estimate…
Debt and Liquidity September 30, 2014 PF Compass Divestiture and 855 million of pro forma liquidity ( in thousands) Actual BB Increase 65 million cash Cash and restricted cash1 65,143 65,143 790 million available on credit…
Current Hedge Position Effective Date 11/6/141 Look to add multi-year term to hedge portfolio through utilization of swaps, costless three-way collars and unhedged volumes to provide some exposure to commodity price increases while…
EXCO Resources, Inc. Appendix
EBITDA and Adjusted EBITDA Reconciliation Three Months Ended Three Months Ended Three Months Ended Nine Months Ended (in thousands) March 31, 2014 June 30, 2014 September 30, 2014 September 30, 2014 Net income (loss) (4,606) 2,293…
EBITDA and Adjusted EBITDA EBITDA and Adjusted EBITDA Earnings before interest, taxes, depreciation, depletion and amortization, or EBITDA represents net income adjusted to exclude interest expense, income taxes and depreciation,…
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