EXCO Overview: Three Concentrated Resource Positions Operating Area Overview 1 Core Basins 2 East Texas And North Louisiana Net Acres/%HBP 1 97,600/96% Appalachia Q1 16 Operated Rigs 2 Q1 16 Net Production (Mmcfe/d) 214 East…
EXCO Restructuring Progress Has Been Significant Focus Area Improvement Plan Results Improve Debt Structure To Reduced 18 note principal by 606MM, or 81% 1 Provide Structural Liquidity Reduced 22 note principal by 317MM, or 63%…
1: Improve Debt Structure To Provide Structural Liquidity Capitalization pre and post exchange/ debt Net debt reduction as a percentage of total buyback unsecured debt 15-16; Mixed measures 1 15-16; % 2 MM Unless Otherwise Noted Sep 15…
2: Restructure Gathering And Transportation Contracts To Enhance Liquidity ETX/NLA Gross Transportation Commitments Execution Strategy 16; MM 1 2 More must be done to restructure Total opportunities to claw back value contracts…
3: Reduced LOE By 40% And G&A By 50% LOE By Quarter Headcount & G&A Reduction 15-16; MM 1 15-16; Mixed Measures 2 40% LOE 52% Headcount Reduction Since Reduction Since Q1 15 Q1 15 54MM1 G&A Run Rate 15 558 14 13 12 28MM2…
4: Improved Drilling And Completion Performance To Improve Capital Returns ETX drilling days versus depth NLA drilling days versus depth 15; ft., Days 1 16; ft., Days 2 0 0 Budget 46 Days Budget 31 Days 5,000 AVG 39 Days 5,000 AVG 25…
5: Implement A Liquidity Driven Prioritized Capital Allocation System To Ensure Highest And Best Use of Capital Capital Program Overview Capital Budget By Type 16; Mixed Measures 1 16; MM 2 Category Category Descriptions Reduced 16…
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