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Q2 2014 CONFERENCE CALL – Rex Energy Corp

Rex Energy Corp · Aug 6, 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. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 1
    Rex Energy Second Quarter 2014 Conference Call Responsible Development of Americas Energy Resources Rex Energy Corporation 366 Walker Drive State College, PA 16801 P: (814) 278-7267 F: (814) 278-7286 E:…
  2. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 2
    Highlights and Recent Developments 180.0 Recent Highlights Record average daily production of 128.8 MMcfe/d in 2Q14 50% growth in production 2Q14 vs. 2Q13 5% increase in daily liquids production 2Q14 vs. 1Q14 159.0 165.0 160.0…
  3. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 3
    Butler Area Focus Drives Value Creation Expanding Processing Capacity 190 MMcf/d with MarkWest and Bluestone II Ethane takeaway started in 2Q'14 Currently negotiating incremental future capacity with MarkWest Securing Firm…
  4. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 4
    Selected Operational and Financial Highlights Continued Operations Only 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter ( in millions) 2013 2013 2014 2014 % Change Production Average Per Day Oil (Bbls) 2,744 2,717 2,782 2,768 1% Gas…
  5. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 5
    Appalachia Basis Differentials 6.00 5.27 4.94 5.00 4.80 4.67 4.64 4.05 4.00 3.00 2.00 1.00 0.33 0.00 (0.16) (0.62) (1.00) 1Q14 2Q14 YTD (1) (2) REXX Natural Gas Price Henry Hub Nat. Gas Price Basis…
  6. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 6
    Proved Reserve Growth Mid-Year Update PV-10 Growth ( MM)(1) Proved reserves increased by 24% from 1,041.1 YE 2013 (25% increase in proved developed reserves) 7% reduction in Butler Operated Area 668.7 D&C costs in 1H14 539.6…
  7. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 7
    Baillie Trust Pad Stacked Laterals 750 spacing 100 50 175 600 spacing 600 spacing After 8 months of production, the four stacked laterals are performing at a level consistent with the Butler Operated Area Marcellus type…
  8. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 8
    Rex Energy Question and Answer Session Responsible Development of Americas Energy Resources
  9. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 9
    Rex Energy Appendix Responsible Development of Americas Energy Resources
  10. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 10
    EBITDAX ( in thousands) 3rd Quarter 2013 4th Quarter 2013 1st Quarter 2014 2nd Quarter 2014 Net Income (Loss) From Continuing Operations 1,832 (13,272) 10,437 8,955 Net Income Attributable to Noncontrolling Interests (258) (645)…
  11. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 11
    Adjusted Net Income ( in thousands) 3rd Quarter 2013 4th Quarter 2013 1st Quarter 2014 2nd Quarter 2014 Income From Continuing Operations Before Income Taxes, as reported 339 (22,679) 14,629 14,887 Add Back (Less): (Gain) Loss on…
  12. Q2 2014 CONFERENCE CALL – Rex Energy Corp – slide 12
    Reconciliations Drill-Bit Finding & Development Costs (/Mcfe) YE 2013 MY 2014 Drill-Bit Capital Deployed 283.3 179.9 Extensions and Discoveries 312.5 242.2 Drill-Bit Finding and Development Cost (/Mcfe) 0.91 0.74 Standardized…

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