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Q2 2016 Review – Exco Resources Inc.

Exco Resources Inc. · Aug 3, 2016 · 21 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 2016 Review – Exco Resources Inc. – slide 1
    Second Quarter 2016 Review Hal Hickey Chief Executive Officer Harold Jameson Chief Operating Officer Ricky Burnett Chief Financial Officer August 3, 2016
  2. Q2 2016 Review – Exco Resources Inc. – slide 2
    Strategic Plan Update Focus Area Improvement Plan Q2 16 Update Improve Debt Structure To Current borrowing base of 325MM with 246MM of liquidity as of June 30, 16 Provide Structural Liquidity Repurchased 24MM of unsecured notes with…
  3. Q2 2016 Review – Exco Resources Inc. – slide 3
    1: Improve Debt Structure To Provide Structural Liquidity Debt And Liquidity Mar 16 Jun 16; Mixed Measures 1 Q2 16 Update 2 Focused on improving capital structure and providing Delta structural liquidity MM Unless Otherwise Noted…
  4. Q2 2016 Review – Exco Resources Inc. – slide 4
    2 Restructure Gathering And Transportation Contracts To Enhance Liquidity ETX/NLA Gross Transportation Commitments 16; MM 1 Execution Strategy 2 The Company is engaging its midstream and transportation providers to restructure these…
  5. Q2 2016 Review – Exco Resources Inc. – slide 5
    3: Reduce LOE And G&A Load To Reduce Fixed Cost Burden LOE By Quarter Headcount Reduction 15-16; MM 1 15-16; Mixed Measures 2 47% LOE 60% Headcount Reduction Since Reduction Since Q1 15 Q1 15 44MM1 G&A Run Rate 15 14 5583 13…
  6. Q2 2016 Review – Exco Resources Inc. – slide 6
    4: Improve Drilling And Completion Performance To Improve Capital Returns NLA Drilling Days Versus Depth Cumulative Gas vs. Time 16; ft, Days 1 16; Cumulative Production, Days 2 0 400,000 350,000 5,000 300,000 10,000 250,000…
  7. Q2 2016 Review – Exco Resources Inc. – slide 7
    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 16 Program…
  8. Q2 2016 Review – Exco Resources Inc. – slide 8
    Debt And Liquidity Profile Debt Principal And Liquidity Debt Principal Maturity Profile 16; Mixed Measures 1 16-22; MM 2 2Q 16 1Q 16 Factors Unit Actual Actual % Debt Schedule Cash And Restricted Cash1 MM 53 74 (28) Credit…
  9. Q2 2016 Review – Exco Resources Inc. – slide 9
    Financial And Operational Results Quarter-to-Date Year-to-Date 2Q 16 1Q 16 2Q 15 2Q 16 2Q 15 Factors Unit Actual Actual % Change Actual % Change Actual Actual % Change Rig Count 1 2 (50) 4 (75) 1 4 (75) Net Wells Drilled 0.9 4.3…
  10. Q2 2016 Review – Exco Resources Inc. – slide 10
    Actuals To Guidance Comparison Three Months Ended 2Q 16 2Q 16 Guidance 3Q 16 Guidance Full Year 2016 Guidance Factors Unit Actual Low High Low High Low High Rig Count (Gross) 1 1 0 1 Wells Drilled (Gross/Net) 1/0.9 1/0.9 0/0…
  11. Q2 2016 Review – Exco Resources Inc. – slide 11
    Hedge Positions (Including Trades Since June 30) Six Months Ended Twelve Months Ended Twelve Months Ended 12/31/16 12/31/17 12/31/18 Factors Unit Volume Price Volume Price Volume Price Natural Gas Bbtu, Fixed Price Swaps - Henry…
  12. Q2 2016 Review – Exco Resources Inc. – slide 12
    Appendix
  13. Q2 2016 Review – Exco Resources Inc. – slide 13
    EXCO Overview: Three Concentrated Resource Positions Operating Area Overview 1 Core Basins 2 East Texas And North Louisiana Net Acres/%HBP1 97,600/96% Appalachia Q2 16 Operated Rigs 1 Q2 16 Net Production (Mmcfe/d) 222 East Texas…
  14. Q2 2016 Review – Exco Resources Inc. – slide 14
    East Texas Overview Operating Area Overview 1 Area Of Operations 2 Attribute Key Features Total Acreage1 46,100 net acres (45,800 shale) 88% HBP Active Wells 104 wells flowing to sales Production Q2 16: 76 Mmcfe/d Targeted…
  15. Q2 2016 Review – Exco Resources Inc. – slide 15
    Improve Economics Through Disciplined Execution And Cost Reductions ETX Lateral Length And Days To Drill ETX D&C Cost Per Lateral Foot 10-16; ft; Days1 1 10-16; /ft1 2 8,0 00 Days to drill 70 59 7,0 00 54 52 60 6,0…
  16. Q2 2016 Review – Exco Resources Inc. – slide 16
    North Louisiana Overview Operating Area Overview 1 Area Of Operations 2 Attribute Key Features Total Acreage1 51,500 net acres (38,000 shale) 100% HBP Active Wells 416 wells flowing to sales Production Q2 16: 146 Mmcfe/d…
  17. Q2 2016 Review – Exco Resources Inc. – slide 17
    Improve Economics Through Disciplined Execution And Cost Reductions NLA Lateral Length And Days To Drill NLA D&C Cost Per Lateral Foot 10-16; ft, Days 1 10-16; /ft 2 4,4 00 47 Days to drill 50 41 45 4,3 00 37 37 35…
  18. Q2 2016 Review – Exco Resources Inc. – slide 18
    South Texas Overview Operating Area Overview 1 Area Of Operations 2 Attribute Key Features Total Acreage1 65,800 net acres 81% HBP (100% Core) Active Wells 235 wells Production Q2 16: 5.4 MBoe/d Targeted Eagle Ford Formations…
  19. Q2 2016 Review – Exco Resources Inc. – slide 19
    Appalachia Overview Operating Area Overview 1 Area Of Operations 2 Attribute Key Features Total Acreage1 269,800 net acres (137,400 shale) 84% HBP (shale) Active Wells 126 Marcellus flowing to sales 1,986 conventional wells…
  20. Q2 2016 Review – Exco Resources Inc. – slide 20
    Single Well Economics Internal Type Curves ETX STX Eagle Ford STX Eagle Ford ETX Shelby NLA Core Tier 1 Core Tier 2 Unit Shelby HSVL Bossier DeSoto Core 1 Target Lateral Length Ft 7,500 7,500 4,500 7,500 7,500 2 Gross Locations 71 97…
  21. Q2 2016 Review – Exco Resources Inc. – slide 21
    EBITDA, Adjusted EBITDA, Adjusted Operating Cash Flow and Free Cash Flow Reconciliations 21

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