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Q2 2015 Supplement Slides – Rice Energy

Rice Energy · Aug 6, 2015 · 17 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 2015 Supplement Slides – Rice Energy – slide 1
    Second Quarter 2015 Supplemental Slides August 6, 2015
  2. Q2 2015 Supplement Slides – Rice Energy – slide 2
    Concentrated, Core Assets COMPANY TOTAL CORE ASSETS Highly concentrated position of 144,000 net acres in the Legend RMP Gathering Pipeline cores of the lowest breakeven gas shale plays in the U.S. RMP Gathering Pipeline to be…
  3. Q2 2015 Supplement Slides – Rice Energy – slide 3
    Appalachian Rigs at 6 Year Lows: Rice Remains Strong Appalachia Rig Counts(1): 2007 - 2015 August 2015: 70 Rigs 200 180 160 140 August 2015 120 January 2010 71 Hz Rigs Ohio 71 Hz Rigs Pennsylvania of Rigs 100 80 RICE…
  4. Q2 2015 Supplement Slides – Rice Energy – slide 4
    Second Quarter 2015 Highlights Initiated production from 14 Marcellus wells; 5 wells ahead of schedule Execution is Driving Average lateral length of 8,185 ft. & avg. cost of 1,191 per lateral foot Initiated production from 11 Ohio…
  5. Q2 2015 Supplement Slides – Rice Energy – slide 5
    Second Quarter 2015 Financial Summary Solid second quarter results supported by well-capitalized balance sheet and ample liquidity Financial Summary Financial & Operating Statistics 2Q15 net production of 529 MMcfe/d; 20% increase from…
  6. Q2 2015 Supplement Slides – Rice Energy – slide 6
    Ample Liquidity and Financial Flexibility RICE is capable of funding 100% of 2015 capital plan with liquidity on-hand Favorable credit metrics & covenants ensure flexibility Cash & Revolver Capacity 6/30/15 MM 1,000 1B liquidity…
  7. Q2 2015 Supplement Slides – Rice Energy – slide 7
    Efficient Capital Allocation Drives Strong 2015 Growth 2015E E&P Guidance D&C & Land Capital Expenditures Net Wells Turned to Sales (1) Average Net Daily Production MM Wells MMcfe/d 900 830 50 500 495 43 800 41 680 40 400 700 7…
  8. Q2 2015 Supplement Slides – Rice Energy – slide 8
    2015 RICE Guidance E&P GUIDANCE (1) Net Wells Spud Guidance Production Guidance Pennsylvania 39 Total Net Production (MMcfe/d)(3) 485 505 Operated Utica(2) 13 % Natural gas 100 % Non-operated Utica 9 % Marcellus 78 % (2) Ohio 22 %…
  9. Q2 2015 Supplement Slides – Rice Energy – slide 9
    Strong Execution Drives Consistent Results Pennsylvania Operational Highlights Ohio Operational Highlights Concentrated core Marcellus assets in southwestern PA Concentrated core Utica assets in southeastern OH 95 net Marcellus wells…
  10. Q2 2015 Supplement Slides – Rice Energy – slide 10
    Consistent and Repeatable Utica Results in Ohio Geologic homogeneity yields strong wells with similar production and pressure profiles Rate vs Time Managed choke program contributing to flat production profile Managed choke…
  11. Q2 2015 Supplement Slides – Rice Energy – slide 11
    Basis Exposure and Realized Pricing Basis Exposure and Basis Differential /MMBtu Expect Appalachian basis exposure (M2/M3/DTI) to decrease throughout the year as firm transportation projects come online: REX (August 2015), Union…
  12. Q2 2015 Supplement Slides – Rice Energy – slide 12
    Hedging Summary Hedge & Basis Summary Rem. RICEs gas will be marketed into 4 areas 2015 2016 2017 2018 (1) Appalachia (M2, M3, & Dominion) (2) TCO Hedged M2 / Dominion Volumes (BBtu/d) 132 137 110 75 Wtd Avg Floor Price (/MMBtu)…
  13. Q2 2015 Supplement Slides – Rice Energy – slide 13
    Strategic Midstream Assets in Appalachia Overview SYSTEM MAP RMP includes PA gathering assets Legend RMP Gathering Pipeline 2Q15 throughput of 655 MDth/d RMP Gathering Pipeline Hancock to be Constructed 15% 3rd Party RICE Ohio…
  14. Q2 2015 Supplement Slides – Rice Energy – slide 14
    RICE Market Snapshot Rice Energy Inc. Rice Midstream Partners LP (NYSE: RICE) (NYSE: RMP) millions, except per share data, as of 07/31/15 millions, except per share data, as of 07/31/15 Common Units 29 Management Ownership 30%…
  15. Q2 2015 Supplement Slides – Rice Energy – slide 15
    Appendix 15 www.riceenergy.com
  16. Q2 2015 Supplement Slides – Rice Energy – slide 16
    RICE Hedging Detail We employ financial instruments (primarily swaps & costless collars) to mitigate commodity price risk Assures base level of cash flow to reinvest in growth Target hedging 65% of forecasted production up to two years…
  17. Q2 2015 Supplement Slides – Rice Energy – slide 17
    2Q 2015 Adjusted EBITDA Reconciliation Three Months Ended Six Months Ended ( in thousands) June 30, 2015 June 30, 2015 Adjusted EBITDAX reconciliation to net income (loss): Net loss (63,519) (58,831) Interest expense 23,359 39,488…

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