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3Q 2014 Financial Review Operational Update – Eclipse Resources Corp.

Eclipse Resources Corp. · Nov 11, 2014 · 12 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. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 1
    Third Quarter 2014: Financial Review & Operational Update November 11, 2014 NYSEECR
  2. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 2
    Third Quarter Highlights Production Highlights Grew average daily production 104% to 85.8 MMcfe per day Exceeded the Companys previously issued guidance of 85 MMcfe per day Average daily net liquids production was 3,079 barrels per…
  3. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 3
    Operated Producing Utica Wells 2014 Daily Production Mizer Op Non-Op Full Year Guidance - Midpoint Oct Estimate 140 120 Mizer Farms 100 Mmcfe/d 80 60 40 20 - 1Q14 2Q14 3Q14 4Q14 Guidance Midpoint Completed Type…
  4. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 4
    Utica Wells in Progress1 Awaiting Awaiting Drilling Completion/ Turn to Completing Sales Avg Working 97.1% 82.3% 89.3% Operated Interest Well 10 gross 18 gross 14 gross Count (9.7 net) (14.8 net) (12.5 net) Avg…
  5. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 5
    2014 Operations Metrics Average drilling days have been reduced to approximately 16 days per well (down from original plan of 25-30 days per well) Drilling and completions costs have declined significantly to an average of 1,600 per…
  6. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 6
    Gas Marketing Summary Monthly Operated Basis Analysis1 Dom ECR Premium to ECR Portfolio Basis Dominion South Basis Portfolio South Dom South 0.80 Basis 2015 (1.16) (0.76) 0.40 Basis (/MMBtu) 2016 (1.10) (0.49) 0.61 0.00…
  7. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 7
    Revenues & EBITDAX 40 3Q14 35 Average Net Price (/Mcfe) Avg / Mcfe Price, as reported 4.52 Plus Hedges 0.08 30 Realized Price 4.60 Natural Gas (/Mcf) 25 Avg Henry Hub Price 3.95 Less Differential (1.17) in Millions Plus…
  8. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 8
    Operating Expenses 5.00 4.50 4.00 3.50 3.00 /Mcfe 2.50 2.00 1.65 1.40 1.50 1.45 1.00 0.50 - 2Q14 3Q14 2Q14 3Q14 2Q14 3Q14 2Q14 3Q14 Total Lift Costs DD&A and Exploration General & Impairment Administrative…
  9. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 9
    Guidance Update Fourth Quarter 2014 Full Year 2014 Average Daily Production 125 - 135 Mmcfe/d 73 - 75 Mmcfe/d % Natural Gas 70 - 76% 72 - 76% % NGL 12 - 15% 9 - 12% % Oil 12 - 15% 13 - 15% 2014 % Operated 73 - 78% 60 - 70% Forecast…
  10. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 10
    APPENDIX
  11. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 11
    Current Hedging Position Volume Weighted Average Description Production Period (MMBtu/d) Swap Price (MMBtu) Natural Gas Swaps 30,000 Current December 2014 4.12 26,219 January December 2015 4.07 Natural Gas Put Spread 20,000 Current…
  12. 3Q 2014 Financial Review Operational Update – Eclipse Resources Corp. – slide 12
    Non-GAAP Reconciliations Adjusted EBITDAX Adjusted Net Loss Three Months Ended Three Months Ended September 30, September 30, ( in thousands) 2014 ( in thousands) 2014 Net Loss (19,054) Loss Before Income Taxes, as reported (29,598)…

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