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JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp.

Eclipse Resources Corp. · Jun 23, 2015 · 22 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. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 1
    Investor Presentation June 2015 NYSEECR
  2. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 2
    June2015CorporatePresentation Company Overview Eclipse Resources is an independent exploration and production company engaged in the acquisition and development of oil and Key Statistics natural gas properties in the Appalachian…
  3. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 3
    June2015CorporatePresentation Developing Value & Improving Efficiencies Eclipse continues to convert unproved assets into proved reserves, while its drilling plan creates opportunities for significant growth Net Production…
  4. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 4
    June2015CorporatePresentation Premier Southern Utica & Rich Marcellus Position(1) Eclipses core acreage position is well delineated in the heart of a world-class play ECR 2 Wells IP Rate 7.6 MMcfe/d 64% Liquids Avg. 7,901…
  5. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 5
    June2015CorporatePresentation Peer Leading Growth with Utica Leverage Eclipse expects to achieve peer leading production growth and generate significant associated future proved reserve growth 2014 2017E Production Growth…
  6. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 6
    June2015CorporatePresentation Growing Proved Reserves(1) Eclipse has been able to achieve significant growth in proved reserves and proved developed reserves since the commencement of its active drilling program in late 2013 Net…
  7. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 7
    June2015CorporatePresentation Significant Reserves and Resource Potential Management estimates Eclipses asset base generates approximately 4.0 billion of present value at current drilling space and commodity prices Resource…
  8. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 8
    June2015CorporatePresentation Efficiently Growing Production through the Drill Bit Eclipse expects to grow year-over-year production by 150% from 2014 to 2015 Map of 2015 Activity 2015 Net Spuds 2015 Net TTS 6 12 5 10 11 5 5…
  9. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 9
    June2015CorporatePresentation Top Tier Drilling Performance Enhancing Capital Efficiency Eclipse has participated to date in drilling 187 gross Type Well Cost per Lateral Foot 2.5 Utica Shale wells to Total Depth (TD) 70 operated…
  10. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 10
    June2015CorporatePresentation Single Well Economics (8,000 lateral) Strip Consensus Gas Oil Gas Oil (/Mcf) (/Bbl ) (/Mcf) (/Bbl ) 2015 2.93 60.70 3.18 60.29 2016 3.23 62.96 3.70 68.64 2017 3.38 64.56 4.08 74.10 2018 3.46 66.16…
  11. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 11
    June2015CorporatePresentation Production(1) vs. Type Curves(2) Eclipses results are tracking type curve Dry Gas Areas expectations 10,000 Eclipse is currently producing wells on a restricted choke program to enhance 1,000…
  12. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 12
    June2015CorporatePresentation Diversified Midstream Strategy Eclipses acreage is centered across a confluence of major pipelines in the country providing significant in- and out-of-basin optionality Highlights Firm gathering,…
  13. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 13
    June2015CorporatePresentation Firm Transportation and Sales Outlets Firm Transportation Costs ( / MMBtu) Overview 0.70 MMBtu/d 2015 2016 2017 2018+ 0.60 North East 0.60 0.58 0.05 0.55 0.06 Texas Eastern - M3 37,500 50,000 50,000…
  14. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 14
    June2015CorporatePresentation Hedging Detail 65% of expected 2015 gas hedged at 3.72/Mcf 65% of expected 2015 oil hedged at a floor price of 55.00/Bbl Gas Hedges(2) Oil Hedges(2) 105,000 4.20 3,500 100.00 90,000 3,000…
  15. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 15
    June2015CorporatePresentation 2015 Capitalization & Guidance Second Quarter 2015 Full Year 2015 Average Daily Production 170 - 180 MMcfe/d 180 - 190 MMcfe/d % Natural Gas 62 - 64% 67 - 70% % NGL 18 - 20% 15 - 19% % Oil 17 - 19%…
  16. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 16
    June2015CorporatePresentation Northeast Supply/Demand Balance Significant excess out-of-basin transportation capacity to support production growth expectations over the medium term 60 Northeast Supply-Demand and New Pipeline…
  17. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 17
    June2015CorporatePresentation Hedging Summary(1) Eclipse Resources 2015 gas production is hedged at an average price of 3.76/MMBtu Volume Weighted Average Natural Gas Hedges Production Period (MMBtu/d) Price (/MMBtu) Natural Gas…
  18. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 18
    June2015CorporatePresentation Favorable Lease Expiration Schedule 58% of leases have a 5-year extension option Utica Core Area Leasehold Expiration(1) 50% 45.6% 45% 40% 35% 30% 28.4% 25%…
  19. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 19
    June2015CorporatePresentation Type Curve & Cost Assumptions Condensate / Rich Condensate Lean Condensate Rich Gas Dry Gas West Dry Gas East Marcellus West Marcellus East Rich Gas Identified Net Drilling Locations 25 104 78 53 220…
  20. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 20
    June2015CorporatePresentation Natural Gas Liquids Breakdown Natural Gas Liquids Barrel 1Q15 average realized price of 19.17 per barrel and represents C5+ 8% 16% of total production for the Normal quarter Butane Ethane Mariner…
  21. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 21
    June2015CorporatePresentation Operated Producing Well Detail Completed Lat Well Name Type Curve Area Turn-to-Sales Month 24-Hr Peak Sales Rate (Mcfe/d) Producing 30-Day Avg Sales Rate(1) (Mcfe/d) % Gas % NGL % Oil Length Tippens…
  22. JUNE 2015 INVESTOR PRESENTATION – Eclipse Resources Corp. – slide 22
    June2015CorporatePresentation Non-GAAP Reconciliations Adjusted EBITDAX Three Months Ended March 31, December 31, September 30, June 30, March 31, ( in thousands) 2015 2014 2014 2014 2014 Net Loss (34,103) (33,023) (19,054)…

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