EXCO Resources, Inc. Fourth Quarter and Full Year 2012 Review February 21, 2013 Fourth Quarter and Full Year 2012 Review
Fourth Quarter and Full Year 2012 Review Management Participants Doug Miller Chairman and CEO Steve Smith President and CFO Hal Hickey Vice President and COO 2
Fourth Quarter and Full Year 2012 Review 2012 Accomplishments Increased Liquidity Despite low gas price environment, we managed to operate within cash flow in 2012 and reduce bank debt by 40 million Subsequent to year end, we…
Fourth Quarter and Full Year 2012 Review 2013 Goals Targeting significant acquisitions in both existing core areas and new plays Plan to add production and resource potential at low natural gas prices Renew Focus on M&A Seeking…
EXCO Resources, Inc. Corporate Overview Steve Smith President and Chief Financial Officer Fourth Quarter and Full Year 2012 Review
Fourth Quarter and Full Year 2012 Review 2012 Corporate Highlights YOY % Q4 2012 Full Year 2012 Full Year 2011 Change Average production (Mmcfe/d) 477 519 505 3% Average Realized Price (/Mcf) 3.47 2.88 4.10 -30% Revenues including…
Fourth Quarter and Full Year 2012 Review Partnership Transaction Summary On February 14, 2013 EXCO formed a new partnership with Harbinger Group Inc. Formation of partnership results in a 725 million property valuation Cash to…
Fourth Quarter and Full Year 2012 Review Liquidity EXCO Partnership ( in thousands) 12/31/2012 2/19/2013 2/19/2013 Cash and restricted cash 115,729 86,413 12,000 Amount drawn on bank credit facility 1,107,500 534,235 267,000…
Fourth Quarter and Full Year 2012 Review Current Hedge Position(1) EXCO Partnership Type Volume Strike Volume Strike Natural Gas (Mmbtus) (Mmbtus) 2013 Swap 60,225,000 4.26 14,290,000 3.82 2014 Swap 52,925,000 4.26 3,650,000…
Fourth Quarter and Full Year 2012 Review EXCO Fourth Quarter 2012 Guidance vs. Actuals Fourth Quarter 2012 Guidance: Guidance: (dollars in thousands, except per unit amounts) Low High Actual Variance Explanations Production:…
Fourth Quarter and Full Year 2012 Review EXCO Quarterly 2013 Guidance Reflects 25% of partnership interest effective February 15, 2013 (partnership excludes planned BG acquisition) Q1 2013E Q2 2013E Q3 2013E Q4 2013E 2013E (dollars…
Fourth Quarter and Full Year 2012 Review Partnership 2013 Guidance(1) Reflects 100% of partnership interest effective February 15, 2013 (partnership excludes planned BG acquisition) 2013E Low High Production Oil (Mbbls) 480…
EXCO Resources, Inc. Operations Overview Hal Hickey Chief Operating Officer Fourth Quarter and Full Year 2012 Review
Fourth Quarter and Full Year 2012 Review Operations Overview Operating Areas Total EXCO Appalachia Pennsylvania Haynesville/Bossier Proved Reserves(1): 1.6 Tcfe Proved Total: 0.2 Tcfe Net Production(2): 477 Mmcfe/d Net Production:…
Fourth Quarter and Full Year 2012 Review 2012 Year End SEC Reserves(1) Year end SEC proved reserves are 1.0 2012 YE SEC Appalachia Pennsylvania Proved Reserves: Tcfe with 0.7 billion pre-tax PV-10 1.0 Tcfe Proved Total: 0.1 Tcfe…
Fourth Quarter and Full Year 2012 Review 2013 EXCO Capital Budget of 273 Million(1)(2) Drilling and completion Land 273MM Corporate Other Operations Haynesville / ( in millions) Bossier Appalachia Corporate 2013 Total…
Fourth Quarter and Full Year 2012 Review 2013 Partnership Capital Budget 2013 development plan focused on managing decline and replacing production through Permian drilling and Cotton Valley recompletion Drilling exclusively in…
Fourth Quarter and Full Year 2012 Review East Texas/North Louisiana Haynesville and Bossier Shales Current operated shale production 1.1 TX LA Bcf/d gross Net production of 353 Mmcf/d(1) 378 operated and 178 OBO horizontal shale…
Fourth Quarter and Full Year 2012 Review Appalachia 727,000 gross acres (312,000 net) with 128,000 net acres having Marcellus shale potential Total net production of 58 Mmcfe/d(1) Marcellus milestones: Central Area Marcellus net…
Fourth Quarter and Full Year 2012 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…
Fourth Quarter and Full Year 2012 Review TGGT Holdings, LLC Throughput currently at 1.4 Bcf/d Average Q4 throughput of 1.4 Bcf/d TGGT System Holly: 977 Mmcf/d Shelby: 140 Mmcf/d Legacy East Texas: 263 Mmcf/d Holly Q4 2012…
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